<SEC-DOCUMENT>0001554855-24-000762.txt : 20241114
<SEC-HEADER>0001554855-24-000762.hdr.sgml : 20241114
<ACCEPTANCE-DATETIME>20241113174206
ACCESSION NUMBER:		0001554855-24-000762
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		7
CONFORMED PERIOD OF REPORT:	20240930
FILED AS OF DATE:		20241114
DATE AS OF CHANGE:		20241113

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ULTRAPAR HOLDINGS INC
		CENTRAL INDEX KEY:			0001094972
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS DISTRIBUTION [4924]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14950
		FILM NUMBER:		241455913

	BUSINESS ADDRESS:	
		STREET 1:		AV BRIGADERIO LUIZ ANTONIO 1343
		STREET 2:		9 ANDAR SAO PAULO
		CITY:			SP BRAZIL 01350-900
		STATE:			D5
		ZIP:			00000

	MAIL ADDRESS:	
		STREET 1:		CT CORPORATION SYSTEM
		STREET 2:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>MainDocument.htm
<DESCRIPTION>6-K
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">UNITED STATES</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: center; text-indent: 0pt;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">Washington, D.C. 20549</font><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 15pt; font-weight: bold;">Form 6-K</font></p>






















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<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">Report Of Foreign Private Issuer</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">Pursuant To Rule 13a-16 Or 15d-16 Of</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">The Securities Exchange Act Of 1934</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">For the month of</font>&nbsp;November<font style="font-family: 02lfl; font-size: 9pt;">&nbsp;20</font><font style="font-family: 02lfl; font-size: 9pt;">2</font><font style="font-family: 02lfl; font-size: 9pt;">4</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">Commission File Number: </font><font style="font-family: 02lfl; font-size: 9pt;">001-14950</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 14.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 14.5pt; font-weight: bold;">ULTRAPAR HOLDINGS INC.</font></p>
<p style="border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1px; margin: 0pt; padding-bottom: 1pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">(Translation of Registrant&#8217;s Name into English)</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Brigadeiro Luis Antonio</font> <font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Avenue</font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">, 1343, </font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">9</font><font style="font-family: 33dgm,Bold; font-size: 6pt; font-weight: bold; vertical-align: super;">th</font> <font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Floor</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">S&#227;o Paulo, SP, Brazil 01317-910</font></p>
<p style="border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 1px; margin: 0pt; padding-bottom: 1pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">(Address of Principal Executive Offices)</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">Form 20-F </font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">X</font><font style="font-family: 02lfl; font-size: 9pt;">____</font> <font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">Form 40-F</font><font style="font-family: 02lfl; font-size: 9pt;"> ________</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">Yes </font><font style="font-family: 02lfl; font-size: 9pt;">________ </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">No </font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">X</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">____</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">Yes </font><font style="font-family: 02lfl; font-size: 9pt;">________ </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">No </font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">X</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">____</font></p>
<p style="font-size: 9pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0px; text-align: left; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>

















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<p style="margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="font-size: 13pt; line-height: 2; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">TABLE OF CONTENTS</font></p>





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<h4 style="font-size: 10pt; font-family: 'times new roman', times; margin: 0px; text-indent: 0px;"><font style="text-decoration: underline;"><font style="font-size: 10pt; font-family: 'times new roman', times;">ITEM</font></font></h4>





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<td style="width: 4.79935%; height: 17px; text-align: center; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">1.</font></td>
<td style="width: 95.0372%; height: 17px; text-align: justify; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bfin_1210202463719268">Individual and Consolidated Interim Financial Information as of and for the Quarter Ended September 30, 2024 and Report on Review of Interim Financial Information</a></font></td>





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<td style="width: 4.79935%; height: 17px; text-align: center; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">2.</font></td>
<td style="width: 95.0372%; height: 17px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Berr_1210202471632813">3Q24 Earnings Release</a></font></td>





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<td style="width: 95.0372%; height: 17px; text-align: justify; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bmin_121020246343579">Minutes of the meeting of the Board of Directors of Ultrapar Participa&#231;&#245;es S.A., held on November 13, 2024</a></font></td>





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<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman'; font-size: 10pt;">&nbsp;</font></p>




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<p style="margin: 0pt;"><img src="imgca063e1478274c36a90f.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>3</font></font></td>





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<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-size: 12pt; font-weight: bold;">Ultrapar<font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;</font>Participa&#231;&#245;es<font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;S.A. and Subsidiaries</font></font></td>
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<p style="vertical-align: middle; text-align: center;"><font style="vertical-align: middle; text-align: center;">Table of Contents</font></p>








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<td style="width: 95%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BJB1_51020241536229">Statements of financial position</a></font></td>
<td class="bmpageno" style="text-align: center; width: 5%;">8</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BJB2_510202416154586">Statements of income</a></font></td>
<td class="bmpageno" style="text-align: center;">10</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BJB3_510202415350198">Statements of comprehensive income</a></font></td>
<td class="bmpageno" style="text-align: center;">11</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BSHE_5102024163710629">Statements of changes in equity</a></font></td>
<td class="bmpageno" style="text-align: center;">12</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BJB5_510202415431855">Statements of cash flows - indirect method</a></font></td>
<td class="bmpageno" style="text-align: center;">14</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BJB6_510202415455606">Statements of value added</a></font></td>
<td class="bmpageno" style="text-align: center;">16</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN1_5102024133716131">1. Operations</a></font></td>
<td class="bmpageno" style="text-align: center;">17</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN2_5102024134420187">2. Basis of preparation and presentation of individual and consolidated interim financial information </a></font></td>
<td class="bmpageno" style="text-align: center;">20</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN3_510202413447667">3. New accounting policies and changes in accounting policies </a></font></td>
<td class="bmpageno" style="text-align: center;">21</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN4_510202413435661">4. Cash and cash equivalents, financial investments, derivative financial instruments and other financial assets</a></font></td>
<td class="bmpageno" style="text-align: center;">22</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN5_5102024134345211">5. Trade receivables, reseller financing and other receivables (Consolidated)</a></font></td>
<td class="bmpageno" style="text-align: center;">23</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bb1_5102024115539256">6. Inventories (Consolidated)</a></font></td>
<td class="bmpageno" style="text-align: center;">25</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bb2_5102024115554688">7. Recoverable taxes (Consolidated)</a></font></td>
<td class="bmpageno" style="text-align: center;">25</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bb3_5102024115624664">8. Related parties</a></font></td>
<td class="bmpageno" style="text-align: center;">26</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bb4_5102024115651751">9. Income and social contribution taxes</a></font></td>
<td class="bmpageno" style="text-align: center;">29</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bb5_510202411576464">10. Contractual assets with customers - exclusivity rights (Consolidated)</a></font></td>
<td class="bmpageno" style="text-align: center;">32</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bb6_5102024115716360">11. Investments in subsidiaries, joint ventures and associates </a></font></td>
<td class="bmpageno" style="text-align: center;">33</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN12_510202414475578">12. Right-of-use assets and leases payable (Consolidated)</a></font></td>
<td class="bmpageno" style="text-align: center;">36</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN13_5102024144741470">13. Property, plant, and equipment (Consolidated)</a></font></td>
<td class="bmpageno" style="text-align: center;">39</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN14_5102024144755425">14. Intangible assets (consolidated)</a></font></td>
<td class="bmpageno" style="text-align: center;">40</td>
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<tr>
<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN15_5102024144812947">15. Loans, financing, debentures and derivative financial instruments (Consolidated)</a></font></td>
<td class="bmpageno" style="text-align: center;">42</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN16_5102024144832131">16. Trade payables (consolidated)</a></font></td>
<td class="bmpageno" style="text-align: center;">44</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN17_5102024144853442">17. Employee benefits and private pension plan (Consolidated)</a></font></td>
<td class="bmpageno" style="text-align: center;">45</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN18_5102024144911396">18. Provisions and contingent liabilities (Consolidated)</a></font></td>
<td class="bmpageno" style="text-align: center;">46</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN19_5102024155836941">19. Subscription warrants &#8211; indemnification</a></font></td>
<td class="bmpageno" style="text-align: center;">48</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN20_5102024155858724">20. Equity</a></font></td>
<td class="bmpageno" style="text-align: center;">49</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN21_510202415591146">21. Net revenue from sales and services (Consolidated)</a></font></td>
<td class="bmpageno" style="text-align: center;">50</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN22_5102024155924397">22. Costs, expenses and other operating results by nature</a></font></td>
<td class="bmpageno" style="text-align: center;">51</td>
</tr>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN23_5102024155937466">23. Financial result</a></font></td>
<td class="bmpageno" style="text-align: center;">51</td>
</tr>
<tr>
<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN24_5102024155948945">24. Earnings per share (Parent and Consolidated)</a></font></td>
<td class="bmpageno" style="text-align: center;">52</td>
</tr>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN25_510202416010677">25. Segment information</a></font></td>
<td class="bmpageno" style="text-align: center;">53</td>
</tr>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BSD_1_510202416135111">26. Financial instruments (Consolidated)</a></font></td>
<td class="bmpageno" style="text-align: center;">57</td>
</tr>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN27_5102024112842133">27. Commitments (Consolidated)</a></font></td>
<td class="bmpageno" style="text-align: center;">71</td>
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<td><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BN28_510202411355595">28. Acquisition of Interest and Control</a></font></td>
<td class="bmpageno" style="text-align: center;">71</td>
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<p style="line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(Convenience Translation into English from the Original Previously Issued in Portuguese)</font></p>
<p style="margin: 0pt; line-height: 1.2;"><br></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 20pt; line-height: inherit; font-weight: bold;">Ultrapar Participa&#231;&#245;es S.A.</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Report on Review of Interim Financial Information<br>for the&nbsp;three and&nbsp;nine-month&nbsp;Quarter&nbsp;Ended<br>September&nbsp;30, 2024</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;<font style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">Deloitte&nbsp;Touche&nbsp;Tohmatsu&nbsp;Auditores&nbsp;Independentes</font><font style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">&nbsp;Ltda.</font></font></p>
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<td style="color: #000000; font-family: 'times new roman', times; font-size: 11.1111px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">
<p><font style="color: #000000; font-family: 'times new roman', times; font-size: 11.1111px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Deloitte Touche Tohmatsu</font><br><font style="color: #000000; font-family: 'times new roman', times; font-size: 11.1111px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Av. Dr. Chucri Zaidan, 1.240 -</font><br><font style="color: #000000; font-family: 'times new roman', times; font-size: 11.1111px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4&#176;&nbsp;ao 12&#176;&nbsp;andares - Golden Tower</font><br><font style="color: #000000; font-family: 'times new roman', times; font-size: 11.1111px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">04711-130 - S&#227;o Paulo - SP</font><br><font style="color: #000000; font-family: 'times new roman', times; font-size: 11.1111px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Brazil</font><br></p>
<p style="color: #000000; font-family: 'times new roman', times; font-size: 11.1111px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 11.1111px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Tel.: + 55 (11) 5186-1000</font><br><font style="color: #000000; font-family: 'times new roman', times; font-size: 11.1111px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Fax: + 55 (11) 5181-2911</font><br><font style="color: #000000; font-family: 'times new roman', times; font-size: 11.1111px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">www.deloitte.com.br</font><br></p>



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<p style="line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(Convenience Translation into English from the Original Previously Issued in Portuguese)</font></p>
<p style="margin: 12pt 0pt 10pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; text-decoration: underline; line-height: inherit;">REPORT ON REVIEW OF INTERIM FINANCIAL INFORMATION</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">To the Shareholders, Board of Directors and Management of</font></p>
<p style="margin: 0pt 0pt 10pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A.</font></p>
<p style="margin: 0pt 0pt 10pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Introduction</font></p>
<p style="margin: 0pt 0pt 10pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We have reviewed the accompanying individual and consolidated interim financial information of Ultrapar Participa&#231;&#245;es S.A. (&#8220;Company&#8221;), identified as Parent and Consolidated, included in the Interim Financial Information Form (ITR), for the quarter ended September 30, 2024, which comprises the statements of financial position as at September 30, 2024 and the related statements of income and comprehensive income for the three and nine-month periods then ended, and of changes in equity and of cash flows for the nine-month period then ended, including the explanatory notes.</font></p>
<p style="margin: 0pt 0pt 10pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Management is responsible for the preparation of this individual and consolidated interim financial information in accordance with technical pronouncement CPC 21(R1) and international standard IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board (IASB), as well as for the presentation of such information in accordance with the standards issued by the Brazilian Securities and Exchange Commission (CVM), applicable to the preparation of Interim Financial Information (ITR). Our responsibility is to express a conclusion on this interim financial information based on our review.</font></p>
<p style="margin: 0pt 0pt 10pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Scope of review</font></p>
<p style="margin: 0pt 0pt 10pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We conducted our review in accordance with Brazilian and international standards on review of interim financial information (NBC TR 2410 and ISRE 2410 Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the standards on auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.</font></p>
<p style="margin: 0pt 0pt 10pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Conclusion on the individual and consolidated interim financial information</font></p>
<p style="margin: 0pt 0pt 10pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Based on our review, nothing has come to our attention that causes us to believe that the accompanying individual and consolidated interim financial information has not been prepared, in all material respects, in accordance with technical pronouncement CPC 21 (R1) and international standard IAS 34 applicable to the preparation of ITR and presented in accordance with the standards issued by the Brazilian Securities and Exchange Commission (CVM).</font></p>



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<p style="margin: 0pt 0pt 10pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Other matters</font></p>
<p style="margin: 0pt 0pt 10pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Statements of value added</font></p>
<p style="margin: 0pt 0pt 10pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The interim financial information referred to above includes the individual and consolidated statements of value added (DVA) for the nine-month period ended September 30, 2024, prepared under the responsibility of the Company&#8217;s Management, and presented as supplemental information for international standard IAS&nbsp;34 purposes. These statements were subject to the review procedures performed together with the review of the ITR to reach a conclusion on whether they are reconciled with the interim financial information and the accounting records, as applicable, and if their form and content are consistent with the criteria set forth in technical pronouncement CPC&nbsp;09 (R1) - Statement of Value Added. Based on our review, nothing has come to our attention that causes us to believe that these statements of value added were not prepared, in all material respects, in accordance with the criteria defined in such standard and consistently with the individual and consolidated interim financial information taken as a whole.</font></p>
<p style="margin: 0pt 0pt 10pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The accompanying interim financial information has been translated into English for the convenience of readers outside Brazil.</font></p>
<p style="margin: 0pt 0pt 30pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">S&#227;o Paulo, November 13, 2024</font></p>
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<td style="width: 50%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">DELOITTE TOUCHE TOHMATSU</font></td>
<td style="width: 50%;"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Daniel&nbsp;</font>Corr&#234;a<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;de S&#225;</font></font></td>



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<td style="width: 50%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Auditores<font style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;</font>Independentes<font style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;</font>Ltda<font style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">.</font></font></td>
<td style="width: 50%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Engagement Partner</font></td>



</tr>







</table>
<p style="margin: 0pt 0pt 10pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



</div>


</div>


</div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>7</font></font></td>


</tr>





</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>


</div>


</div>


</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 99.9163%; margin-left: 0.1px; height: 61px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 50%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 49.9586%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>








</tr>
<tr style="height: 17px;">
<td style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; display: inline !important;"><a style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; display: inline !important;" href="#TOC" name="BJB1_510202415259494" class="customBookmark"></a><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BJB1_51020241536229" class="customBookmark">Statements of financial position</a></td>
<td style="vertical-align: top; width: 49.9586%; height: 17px;"><br></td>








</tr>
<tr style="height: 17px;">
<td style="width: 50%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">As of September 30, 2024 and December 31, 2023</font></td>
<td style="vertical-align: top; width: 49.9586%; height: 17px;"><br></td>








</tr>
<tr style="height: 17px;">
<td style="width: 50%; height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080;"><font style="font-family: 'times new roman', times;"><font style="color: #000000; font-size: 12px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(In thousands of Brazilian&nbsp;</font><font style="font-style: italic;">Reais<font style="color: #000000; font-size: 12px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</font></font></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 49.9586%; height: 17px;"><br></td>








</tr>



















</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br></p>
<table cellspacing="0" cellpadding="0" style="height: 590px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&#8206;</font></p>












</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Note</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 51%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Assets</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 6%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Current assets</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash and cash equivalents</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">4.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">52,018</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">412,840</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,855,366</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,925,688</font></p>












</td>





</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial investments, derivative financial instruments and other financial assets</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">4.b</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">377,405</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">292,934</font></p>












</td>





</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">5.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,629,656</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,921,790</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reseller financing</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">5.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">497,435</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">504,862</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables - sale of subsidiaries</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">5.c</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">208,487</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">924,364</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Inventories</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">6</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,742,344</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,291,431</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Recoverable taxes</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">7.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">940</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,050</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,511,114</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,462,269</font></p>












</td>





</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Recoverable income and social contribution taxes</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">7.b</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,733</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25,006</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">183,353</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">171,051</font></p>












</td>





</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Energy trading futures contracts</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">26.h</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">139,691</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividends receivable</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">414,973</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,303</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,572</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other receivables and other assets</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">87,236</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">105,229</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">356,539</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">263,806</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Prepaid expenses</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,068</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,617</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">126,947</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">99,922</font></p>












</td>





</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Contractual assets with customers - exclusivity rights</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">10</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">743,951</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">787,206</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 16.4pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total current assets</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">162,995</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,172,202</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,166,104</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18,648,895</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Non-current assets</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>





</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial investments, derivative financial instruments and other financial assets</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">4.b</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,608</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">295,637</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,136,781</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">951,941</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">5.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">27,258</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,216</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reseller financing</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">5.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">683,001</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">550,641</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Related parties</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">8.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,076</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,677</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">44,791</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31,892</font></p>












</td>





</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Deferred income and social contribution taxes</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">9.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">171,047</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">164,267</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,325,845</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,255,134</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Recoverable taxes</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">7.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">74</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,348,549</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,741,370</font></p>












</td>





</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Recoverable income and social contribution taxes</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">7.b</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,065</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,065</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">280,495</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">225,354</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Energy trading futures contracts</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">26.h</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">204,902</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Escrow deposits</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">18.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">37</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,052,305</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,032,717</font></p>












</td>





</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Indemnification asset - business combination</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">18.a.3</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">157,831</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">124,927</font></p>












</td>





</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other receivables and other assets</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">110,561</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">155,818</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Prepaid expenses</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,280</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,752</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">55,809</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">73,387</font></p>












</td>





</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Contractual assets with customers - exclusivity rights</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">10</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,398,591</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,475,302</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>





</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Investments in subsidiaries, joint ventures and associates</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">11</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,410,429</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,322,055</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,720,243</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">318,356</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Right-of-use assets, net</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">12</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,711</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,527</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,691,082</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,711,526</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Property, plant and equipment, net</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">13</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">70,115</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,791</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,755,864</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,387,581</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Intangible assets, net</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">14</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">270,247</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">270,658</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,161,778</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,553,917</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 16.4pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total non-current assets</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,966,689</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,094,522</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,155,686</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,603,079</font></p>












</td>





</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 30pt; text-indent: 1.15pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total assets</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,129,684</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,266,724</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39,321,790</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">38,251,974</font></p>












</td>





</tr>


















</table>
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt;">&nbsp;&nbsp;</font></p>




</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>8</font></font></td>




</tr>









</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>




</div>
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 99.9163%; margin-left: 0.1px; height: 54px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 50%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 49.9586%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>








</tr>
<tr style="height: 10px;">
<td style="width: 50%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Statements of financial position</font></td>
<td style="vertical-align: top; width: 49.9586%; height: 10px;"><br></td>








</tr>
<tr style="height: 17px;">
<td style="width: 50%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">As of September 30, 2024 and December 31, 2023</font></td>
<td style="vertical-align: top; width: 49.9586%; height: 17px;"><br></td>








</tr>
<tr style="height: 17px;">
<td style="width: 50%; height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080;"><font style="font-family: 'times new roman', times;"><font style="color: #000000; font-size: 12px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(In thousands of Brazilian&nbsp;</font><font style="font-style: italic;">Reais<font style="color: #000000; font-size: 12px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</font></font></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 49.9586%; height: 17px;"><br></td>








</tr>



















</table>
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="height: 773px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&#8206;</font></p>












</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Note</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 51%;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Liabilities</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6%;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Current liabilities</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade payables</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">16.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">30,378</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26,772</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,050,954</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,682,671</font></p>












</td>





</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade payables - reverse factoring</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">16.b</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,291,458</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,039,366</font></p>












</td>





</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Loans, financing and derivative financial instruments</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">15</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,932,243</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,075,672</font></p>












</td>





</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">15</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">454,157</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">917,582</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Salaries and related charges</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39,464</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">51,148</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">465,747</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">494,771</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes payable</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">408</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,457</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">144,499</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">168,730</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Energy trading futures contracts</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">26.h</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">92,306</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>





</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividends payable</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,019</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">314,418</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">61,837</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">334,641</font></p>












</td>





</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income and social contribution taxes payable</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,486</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">384,832</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">551,792</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Post-employment benefits</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">17.b</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,798</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,612</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for decarbonization credit</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">14.b</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">267,635</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">741,982</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provisions for tax, civil and labor risks</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">18.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">903</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">907</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">49,496</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">45,828</font></p>












</td>





</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">12.b</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,810</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,389</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">321,125</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">311,426</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial liabilities of customers</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">126,276</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">157,615</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other payables</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">270</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,260</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">625,996</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">683,970</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 15.8pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total current liabilities</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">83,738</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">402,351</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,292,359</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,229,658</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Non-current liabilities</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>





</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Loans, financing and derivative financial instruments</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">15</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,579,637</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,585,372</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">15</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,881,957</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,189,391</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Energy trading futures contracts</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">26.h</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">56,609</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Related parties</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">8.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,875</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,875</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,516</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,118</font></p>












</td>





</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Deferred income and social contribution taxes</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">9.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">91,287</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">206</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Post-employment benefits</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">17.b</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,750</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,506</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">254,936</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">241,211</font></p>












</td>





</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provisions for tax, civil and labor risks</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">18.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">182,000</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">188,757</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,242,084</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,258,302</font></p>












</td>





</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">12.b</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,974</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,197</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,168,157</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,212,508</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial liabilities of customers</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">84,346</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">151,319</font></p>












</td>





</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Subscription warrants - indemnification</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">19</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">64,223</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">87,299</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">64,223</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">87,299</font></p>












</td>





</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Provision for unsecured liabilities of subsidiaries, joint ventures and associates</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">11</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">59,980</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">55,712</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">324</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">256</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other payables</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25,310</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,532</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">253,871</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">263,508</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 16.5pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total non-current liabilities</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">342,112</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">357,878</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,680,947</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,992,490</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Equity</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>





</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share capital</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">20.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,621,752</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,621,752</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,621,752</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,621,752</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Equity instrument granted</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">20.b</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">93,117</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75,925</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">93,117</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75,925</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Capital reserve</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">20.d</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">606,245</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">597,828</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">606,245</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">597,828</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Treasury shares</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">20.c</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(448,917)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(470,510)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(448,917)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(470,510)</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Revaluation reserve of subsidiaries</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">20.d</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,670</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,802</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,670</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,802</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Profit reserves</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">20.e</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,389,559</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,389,559</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,389,559</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,389,559</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Retained earnings</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,248,510</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,248,510</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>












</td>





</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Accumulated other comprehensive income</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">189,898</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">154,108</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">189,898</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">154,108</font></p>












</td>





</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Additional dividends to the minimum mandatory dividends</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">134,031</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">134,031</font></p>












</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Equity attributable to:</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 13.7pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Shareholders of Ultrapar</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,703,834</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,506,495</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,703,834</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,506,495</font></p>












</td>





</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 13.7pt; text-indent: 0.4pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Non-controlling interests in subsidiaries</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">11</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">644,650</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">523,331</font></p>












</td>





</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total equity</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,703,834</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,506,495</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,348,484</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,029,826</font></p>












</td>





</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 18.6pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total liabilities and equity</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,129,684</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,266,724</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39,321,790</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">38,251,974</font></p>












</td>





</tr>


















</table>
<p style="margin: 3pt 0pt 3pt 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The accompanying notes are an integral part of the interim financial information.</font></p>




</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>9</font></font></td>










</tr>





















</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>










</div>











</div>










</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<table style="height: 47px; width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 58.4219%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 41.5372%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>









</tr>
<tr style="height: 10px;">
<td style="color: #000000; font-family: Aptos; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; height: 10px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BJB2_510202416154586" class="customBookmark"><font style="color: #000000; font-family: Aptos; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; display: inline !important;">Statements of income</font></a></td>
<td style="vertical-align: top; width: 41.5372%; height: 10px;"><br></td>









</tr>
<tr style="height: 17px;">
<td style="width: 58.4219%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">For the periods ended September 30, 2024 and 2023</font></td>
<td style="vertical-align: top; width: 41.5372%; height: 17px;"><br></td>









</tr>
<tr style="height: 10px;">
<td style="width: 58.4219%; height: 10px; border-bottom: 1.5pt solid #000080;"><font style="color: #000000; font-family: Aptos; font-size: 12px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(In thousands of Brazilian&nbsp;</font><font style="font-style: italic;">Reais</font><font style="color: #000000; font-family: Aptos; font-size: 12px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">, except earnings per thousand shares)</font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 41.5372%; height: 10px;"><br></td>









</tr>





















</table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 571px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&#8206;</font></p>














</td>
<td style="padding: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>














</td>
<td colspan="7" style="padding: 0px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; height: 17px; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Parent</font></p>














</td>
<td style="padding: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>














</td>
<td colspan="7" style="padding: 0px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; height: 17px; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>














</td>













</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Note</font></p>














</td>
<td style="padding: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">07/01/2024 to</font></p>














</td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">01/01/2024 to</font></p>














</td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">07/01/2023 to</font></p>














</td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">01/01/2023 to</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">07/01/2024 to</font></p>














</td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">01/01/2024 to</font></p>














</td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">07/01/2023 to</font></p>














</td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">01/01/2023 to</font></p>














</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2023</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2023</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2023</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2023</font></p>














</td>













</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 27%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; line-height: inherit;">Net revenue from sales and services</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">21</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 8%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 8%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 8%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 8%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 8%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">35,357,672</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 8%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">98,097,521</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 8%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">32,483,536</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 8%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">92,627,829</font></p>














</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Cost of products and services sold</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">22</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(33,075,501)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(91,646,046)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(29,619,258)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(86,378,561)</font></p>














</td>













</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>













</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; line-height: inherit;">Gross profit</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">2,282,171</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">6,451,475</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">2,864,278</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">6,249,268</font></p>














</td>













</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; line-height: inherit;">Operating income (expenses)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Selling and marketing</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">22</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(671,002)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(1,884,131)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(577,486)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(1,612,236)</font></p>














</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">General and administrative</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">22</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(11,590)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(36,355)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(15,788)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(47,332)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(420,531)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(1,374,833)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(549,149)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(1,472,315)</font></p>














</td>













</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0.4pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Results from disposal of property, plant and equipment and intangible assets</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">12</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">59</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">5</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">5</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">31,480</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">105,361</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">11,770</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">104,326</font></p>














</td>













</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Other operating income (expenses), net</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">22</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(4,938)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">26,917</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">9</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(153)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(111,377)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(337,406)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(170,973)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(510,179)</font></p>














</td>













</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>













</tr>
<tr style="height: 30px;">
<td style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; height: 30px;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; line-height: inherit;">Operating income (loss) before share of profit (loss) of subsidiaries, joint ventures and associates, financial result and income and social contribution taxes</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(16,516)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(9,379)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(15,774)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(47,480)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,110,741</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">2,960,466</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,578,440</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">2,758,864</font></p>














</td>













</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0.4pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Share of profit (loss) of subsidiaries, joint ventures and associates</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">11</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">670,085</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,508,446</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">839,283</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,378,242</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">4,127</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(6,970)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(303)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">11,714</font></p>














</td>













</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; break-after: avoid; break-inside: avoid; text-indent: 0.4pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Amortization of fair value adjustments on associates acquisition</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">11</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(407)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(2,089)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>













</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; break-after: avoid; break-inside: avoid; text-indent: 0.75pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Total share of profit (loss) of subsidiaries, joint ventures and associates</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">670,085</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,508,446</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">839,283</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,378,242</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">3,720</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(9,059)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(303)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">11,714</font></p>














</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>













</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; line-height: inherit;">Income before financial result and income and social contribution taxes</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">653,569</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,499,067</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">823,509</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,330,762</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,114,461</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">2,951,407</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,578,137</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">2,770,578</font></p>














</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Financial income</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">23</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">5,419</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">48,291</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">70,913</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">121,875</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">220,808</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">661,588</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">296,143</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">673,265</font></p>














</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Financial expenses</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">23</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">2,115</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(20,648)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(18,597)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(95,210)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(329,069)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(1,258,366)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(596,757)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(1,502,196)</font></p>














</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Financial result, net</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">23</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">7,534</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">27,643</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">52,316</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">26,665</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(108,261)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(596,778)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(300,614)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(828,931)</font></p>














</td>













</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; line-height: inherit;">Income before income and social contribution taxes</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">661,103</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,526,710</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">875,825</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,357,427</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,006,200</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">2,354,629</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,277,523</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,941,647</font></p>














</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>













</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; line-height: inherit;">Income and social contribution taxes</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Current</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">9.b; 9.c</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(1,927)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(12,519)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(1,378)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(22,559)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(365,650)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(760,375)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(509,668)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(814,078)</font></p>














</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Deferred</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">9.b</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(7,594)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">6,780</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(9,593)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">5,927</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">57,872</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">50,827</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">123,388</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">276,190</font></p>














</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(9,521)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(5,739)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(10,971)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(16,632)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(307,778)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(709,548)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(386,280)</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">(537,888)</font></p>














</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>













</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; line-height: inherit;">Net income for the period</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">651,582</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,520,971</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">864,854</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,340,795</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">698,422</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,645,081</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">891,243</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,403,759</font></p>














</td>













</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; line-height: inherit;">Income attributable to:</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Shareholders of Ultrapar</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">651,582</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,520,971</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">864,854</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,340,795</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">651,582</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,520,971</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">864,854</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1,340,795</font></p>














</td>













</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Non-controlling interests in subsidiaries</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">11</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#8208;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">46,840</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">124,110</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">26,389</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">62,964</font></p>














</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>













</tr>
<tr style="height: 10px;">
<td style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; height: 10px;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; line-height: inherit;">Total earnings per share (based on the weighted average number of shares outstanding) &#8211; R$</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Basic</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">24</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">0.5903</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1.3800</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">0.7897</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1.2243</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">0.5903</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1.3800</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">0.7897</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1.2243</font></p>














</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Diluted</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">24</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">0.5818</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1.3616</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">0.7832</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1.2141</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">0.5818</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1.3616</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="padding: 0px 2px 0px 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">0.7832</font></p>














</td>
<td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>














</td>
<td style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;" valign="bottom">
<p style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">1.2141</font></p>














</td>













</tr>




























</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: Arial; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: Aptos; font-size: 10pt;">The accompanying notes are an integral part of the interim financial information.</font></p>




</div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: Aptos; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>10</font></font></td>











</tr>























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>











</div>













</div>












</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 99.9182%; margin-left: 0.1px; height: 61px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 50%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 49.9591%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>










</tr>
<tr style="height: 17px;">
<td style="color: #000000; font-family: Aptos; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BJB3_510202415350198" class="customBookmark"><font style="color: #000000; font-family: Aptos; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; display: inline !important;">Statements of comprehensive income</font></a></td>
<td style="vertical-align: top; width: 49.9591%; height: 17px;"><br></td>










</tr>
<tr style="height: 17px;">
<td style="width: 50%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">For the periods ended September 30, 2024 and 2023</font></td>
<td style="vertical-align: top; width: 49.9591%; height: 17px;"><br></td>










</tr>
<tr style="height: 17px;">
<td style="width: 50%; height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080;"><font style="font-family: 'times new roman', times;"><font style="color: #000000; font-size: 12px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(In thousands of Brazilian&nbsp;</font><font style="font-style: italic;">Reais<font style="color: #000000; font-size: 12px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</font></font></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 49.9591%; height: 17px;"><br></td>










</tr>






















</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br></p>
<table cellspacing="0" cellpadding="0" style="height: 230px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>












</td>







</tr>
<tr style="height: 29px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Note</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 29px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">07/01/2024 to 09/30/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 29px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 29px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">01/01/2024 to 09/30/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 29px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 29px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">07/01/2023 to 09/30/2023</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 29px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 29px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">01/01/2023 to 09/30/2023</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 29px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 29px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">07/01/2024 to 09/30/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 29px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 29px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">01/01/2024 to 09/30/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 29px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 29px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">07/01/2023 to 09/30/2023</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 29px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 29px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">01/01/2023 to 09/30/2023</font></p>












</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px; width: 26.5%;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Net income for the period, attributable to shareholders of Ultrapar</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px; width: 6%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px; width: 8%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">651,582</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px; width: 0.5%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px; width: 8%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1,520,971</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px; width: 0.5%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px; width: 8%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">864,854</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px; width: 0.5%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px; width: 8%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1,340,795</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px; width: 0.5%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px; width: 8%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">651,582</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px; width: 0.5%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px; width: 8%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1,520,971</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px; width: 0.5%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px; width: 8%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">864,854</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px; width: 0.5%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px; width: 8%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1,340,795</font></p>












</td>







</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Net income for the period, attributable to non-controlling interests in subsidiaries</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">46,840</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">124,110</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">26,389</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">62,964</font></p>












</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Net income for the period</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">651,582</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1,520,971</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">864,854</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1,340,795</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">698,422</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1,645,081</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">891,243</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1,403,759</font></p>












</td>







</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Items that will be subsequently reclassified to profit or loss:</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>







</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Fair value adjustments of financial instruments of subsidiaries, joint ventures and associates, net of income and social contribution taxes</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">27,161</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">35,790</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">2,293</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">(23,195)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">27,161</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">35,790</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">2,293</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">(23,195)</font></p>












</td>







</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Total comprehensive income for the period</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">678,743</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1,556,761</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">867,147</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1,317,600</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">725,583</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1,680,871</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">893,536</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1,380,564</font></p>












</td>







</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Total comprehensive income for the period attributable to shareholders of Ultrapar</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">678,743</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1,556,761</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">867,147</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1,317,600</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">678,743</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1,556,761</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">867,147</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1,317,600</font></p>












</td>







</tr>
<tr style="height: 29px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 29px;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">Total comprehensive income for the period attributable to non-controlling interests in subsidiaries</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 29px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 29px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 29px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 29px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 29px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 29px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 29px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 29px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 29px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 29px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">46,840</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 29px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 29px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">124,110</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 29px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 29px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">26,389</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; height: 29px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="font-family: 'times new roman', times; font-size: 9pt; height: 29px; padding: 0px 4px 0px 0px;" valign="bottom">
<p style="font-family: 'times new roman', times; font-size: 8pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">62,964</font></p>












</td>







</tr>




















</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><br></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: Aptos; font-size: 10pt;">The accompanying notes are an integral part of the interim financial information.</font></p>







</div>
<p style="margin: 0pt; text-align: right;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>11</font></font></td>










</tr>





















</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>










</div>











</div>










</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0px auto; line-height: 1.2;">
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman'; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; height: 68px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 17px;">
<td style="width: 50%; height: 17px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 68px; width: 50%; vertical-align: top;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>




</tr>
<tr style="height: 17px;">
<td style="width: 50%; height: 17px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BSHE_5102024163710629" class="customBookmark"><font style="color: #000000; font-family: Aptos; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; display: inline !important;">Statements of changes in equity</font></a></td>
<td style="vertical-align: top; width: 50%;"><br></td>




</tr>
<tr style="height: 17px;">
<td style="width: 50%; height: 17px;"><font style="color: #000000; font-family: Aptos; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">For the periods ended September 30, 2024 and 2023</font></td>
<td style="vertical-align: top; width: 50%;"><br></td>




</tr>
<tr style="height: 17px;">
<td style="width: 50%; height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><font style="color: #000000; font-family: Aptos; font-size: 12px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(In thousands of Brazilian&nbsp;</font><font style="font-style: italic;">Reais</font><font style="color: #000000; font-family: Aptos; font-size: 12px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">, except dividends per share)</font></td>
<td style="vertical-align: top; width: 50%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>




</tr>



















</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><br></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin: 0px; height: 186px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;">




<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 1pt 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td colspan="3" style="padding: 1px 0px 0in; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Profit reserves</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td colspan="3" style="padding: 1px 0px 0in; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Equity attributable to:</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>











 </tr>
<tr style="height: 10px;">
<td height="62" style="height: 10px; padding: 1pt 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Note</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Share capital</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Equity instrument granted</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Capital reserve</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Treasury shares</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Revaluation reserve of subsidiaries</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Legal reserve</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Investments statutory reserve</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Accumulated other comprehensive income</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Retained earnings</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Additional dividends to the minimum mandatory dividends</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Shareholders of Ultrapar</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Non-controlling interests (i)</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Total equity</font></td>











 </tr>
<tr style="height: 10px;">
<td height="38" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; background: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 24%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Balance as of December 31, 2023</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">6,621,752</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">75,925</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">597,828</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">(470,510)</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">3,802</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">121,990</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">6,267,569</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">154,108</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">134,031</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">13,506,495</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">523,331</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 0.5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; width: 5%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">14,029,826</font></td>











 </tr>
<tr style="height: 10px;">
<td height="26" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Net income for the period</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">1,520,971</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">1,520,971</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">124,110</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">1,645,081</font></td>











 </tr>
<tr style="height: 10px;">
<td height="38" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; background: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Other comprehensive income</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">35,790</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">35,790</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">35,790</font></td>











 </tr>
<tr style="height: 10px;">
<td height="50" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Total comprehensive income for the period</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">35,790</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">1,520,971</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">1,556,761</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">124,110</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">1,680,871</font></td>











 </tr>
<tr style="height: 10px;">
<td height="72" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; background: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Issuance of shares related to the subscription warrants
  - indemnification</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">6,452</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">6,452</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">6,452</font></td>











 </tr>
<tr style="height: 10px;">
<td height="38" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Equity instrument granted</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">8.d; 20.b</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">17,192</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">1,965</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">21,593</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">40,750</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">4</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">40,754</font></td>











 </tr>
<tr style="height: 10px;">
<td height="50" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; background: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Realization of revaluation reserve of subsidiaries</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-132</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">132</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>











 </tr>
<tr style="height: 10px;">
<td height="62" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Shareholder transaction - changes of ownership interest</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">9</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">9</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">403</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">412</font></td>











 </tr>
<tr style="height: 10px;">
<td height="26" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; background: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Dividends prescribed</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">3,369</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">3,369</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">3,369</font></td>











 </tr>
<tr style="height: 10px;">
<td height="50" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Non-controlling interest in acquired subsidiary</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">107,954</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">107,954</font></td>











 </tr>
<tr style="height: 10px;">
<td height="26" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; background: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Allocation of net income:</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>











 </tr>
<tr style="height: 10px;">
<td height="62" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Interest on capital attributable to non-controlling
  interests</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">(105,590)</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">(105,590)</font></td>











 </tr>
<tr style="height: 10px;">
<td height="50" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; background: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Dividends attributable to non-controlling interests</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">(5,562)</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">(5,562)</font></td>











 </tr>
<tr style="height: 10px;">
<td height="84" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 7pt;">Approval of additional dividends by the Ordinary General
  Shareholders&#8217; Meeting</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">20.e</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">(134,031)</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">(134,031)</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">(134,031)</font></td>











 </tr>
<tr style="height: 11px;">
<td height="38" style="height: 11px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; background: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Interim dividends (R$ 0.25 per share)</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">20.e</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">(275,971)</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">(275,971)</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">(275,971)</font></td>











 </tr>
<tr style="height: 11px;">
<td height="38" style="height: 11px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">Balance as of September 30, 2024</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">6,621,752</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">93,117</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">606,245</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">(448,917)</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">3,670</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">121,990</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">6,267,569</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">189,898</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">1,248,510</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&#8208;</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">14,703,834</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">644,650</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; height: 11px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="font-family: 'times new roman', times; font-size: 7pt; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 11px;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">15,348,484</font></td>











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<br>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>12</font></font></td>













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<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>













</div>
<div style="width: 8.5in; margin: 0px auto; line-height: 1.2;">
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman'; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; height: 68px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 17px;">
<td style="width: 50%; height: 17px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 68px; width: 50%; vertical-align: top;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>



</tr>
<tr style="height: 17px;">
<td style="width: 50%; height: 17px;"><font style="font-weight: bold;"><font style="text-decoration: none; color: #000000; cursor: default; outline: none;">State</font><font style="text-decoration: none; color: #000000; cursor: default; outline: none;">ments</font><font style="text-decoration: none; color: #000000; cursor: default; outline: none;"> of</font><font style="text-decoration: none; color: #000000; cursor: default; outline: none;"> change</font><font style="text-decoration: none; color: #000000; cursor: default; outline: none;">s</font><font style="text-decoration: none; color: #000000; cursor: default; outline: none;"> in</font><font style="text-decoration: none; color: #000000; cursor: default; outline: none;"> equity</font></font></td>
<td style="vertical-align: top; width: 50%;"><font style="font-weight: bold;"><br></font></td>



</tr>
<tr style="height: 17px;">
<td style="width: 50%; height: 17px;"><font style="color: #000000; font-family: Aptos; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">For the periods ended September 30, 2024 and 2023</font></td>
<td style="vertical-align: top; width: 50%;"><br></td>



</tr>
<tr style="height: 17px;">
<td style="width: 50%; height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><font style="color: #000000; font-family: Aptos; font-size: 12px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(In thousands of Brazilian&nbsp;</font><font style="font-style: italic;">Reais</font><font style="color: #000000; font-family: Aptos; font-size: 12px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">, except dividends per share)</font></td>
<td style="vertical-align: top; width: 50%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>



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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: Arial; font-size: 9pt;">&nbsp;</font></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin: 0px 0px 0px 0.1px; text-indent: 0px; height: 192px; font-family: 'times new roman'; font-size: 10pt;">




<tr style="height: 12px;">
<td style="padding: 0px; color: #0563c1; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" colspan="3"><font style="font-family: 'times new roman', times;">Profit reserves</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" colspan="3"><font style="font-family: 'times new roman', times;">Equity attributable to:</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 12px;"><br></td>









</tr>
<tr style="height: 10px;">
<td height="61" style="height: 10px; padding: 0px; color: #0563c1; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">Note</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">Share capital</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">Equity instrument granted</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">Capital reserve</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">Treasury shares</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">Revaluation reserve of
  subsidiaries</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">Legal reserve</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">Investments statutory reserve</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">Accumulated other comprehensive
  income</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">Retained earnings</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">Additional dividends to the
  minimum mandatory dividends</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">Shareholders of Ultrapar</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">Non-controlling interests <font class="font5"><sup>(i)</sup></font></font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">Total equity</font></td>









</tr>
<tr style="height: 10px;">
<td height="36" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; vertical-align: middle; white-space: normal; background: #cceeff; margin: 0px; text-indent: 0px; width: 24%;"><font style="font-family: 'times new roman', times;">Balance as of December 31, 2022</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">5,171,752 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">43,987 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">599,461 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(479,674)</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">3,975 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">882,575 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">5,228,561 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">179,974 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">78,130 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">11,708,741 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">466,227 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 0.5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 5%; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">12,174,968 </font></td>









</tr>
<tr style="height: 10px;">
<td height="24" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; vertical-align: middle; white-space: normal; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times;">Net income for the period</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">-</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">1,340,795 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">1,340,795 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">62,964 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">1,403,759 </font></td>









</tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; vertical-align: middle; white-space: normal; background: #cceeff; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times;">Other comprehensive income</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">-</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(23,195)</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(23,195)</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(23,195)</font></td>









</tr>
<tr style="height: 10px;">
<td height="49" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; vertical-align: middle; white-space: normal; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times;">Total comprehensive income for the period</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">(23,195)</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">1,340,795 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">1,317,600 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">62,964 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">1,380,564 </font></td>









</tr>
<tr style="height: 10px;">
<td height="72" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; vertical-align: middle; white-space: normal; background: #cceeff; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; line-height: inherit;">Issuance of shares related to the subscription warrants
  - indemnification</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">-</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">560 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">560 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">560 </font></td>









</tr>
<tr style="height: 10px;">
<td height="36" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; vertical-align: middle; white-space: normal; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times;">Equity instrument granted</font></td>
<td style="padding: 0in 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 7pt;">8.d; 20.b</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">18,493 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(2,193)</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">9,164 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">25,464 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">25,464 </font></td>









</tr>
<tr style="height: 10px;">
<td height="48" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; vertical-align: middle; white-space: normal; background: #cceeff; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times;">Realization of revaluation reserve of subsidiaries</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">-</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(130)</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">13 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(117)</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(117)</font></td>









</tr>
<tr style="height: 10px;">
<td height="24" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; vertical-align: middle; white-space: normal; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times;">Capital increase with reserves</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">20.a</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">1,450,000 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(882,575)</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(567,425)</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>









</tr>
<tr style="height: 10px;">
<td height="60" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; vertical-align: middle; white-space: normal; background: #cceeff; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times;">Shareholder transaction - changes of ownership interest</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">-</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">2 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">2 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">2 </font></td>









</tr>
<tr style="height: 10px;">
<td height="48" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; vertical-align: middle; white-space: normal; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times;">Loss due to change in ownership interest</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">-</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(45)</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(45)</font></td>









</tr>
<tr style="height: 10px;">
<td height="24" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; vertical-align: middle; white-space: normal; background: #cceeff; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times;">Dividends prescribed</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">-</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">1,201 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">1,201 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">1,201 </font></td>









</tr>
<tr style="height: 10px;">
<td height="72" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; vertical-align: middle; white-space: normal; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times;">Special reserve for mandatory dividend not distributed
  to non-controlling shareholders</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(11,145)</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(11,145)</font></td>









</tr>
<tr style="height: 10px;">
<td height="48" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; vertical-align: middle; white-space: normal; background: #cceeff; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times;">Non-controlling interest in acquired subsidiary</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">24,303 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">24,303 </font></td>









</tr>
<tr style="height: 10px;">
<td height="48" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; vertical-align: middle; white-space: normal; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times;">Dividends attributable to non-controlling interests</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">-</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(394)</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(394)</font></td>









</tr>
<tr style="height: 10px;">
<td height="84" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; vertical-align: middle; white-space: normal; background: #cceeff; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times;">Approval of additional dividends by the Ordinary General
  Shareholders&#8217; Meeting</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">-</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(78,130)</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(78,130)</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(78,130)</font></td>









</tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; vertical-align: middle; white-space: normal; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times;">Interim dividends (R$ 0.25 per share)</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(273,798)</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(273,798)</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">(273,798)</font></td>









</tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; padding: 0px 4px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; vertical-align: middle; white-space: normal; background: #cceeff; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times;">Balance as of September 30, 2023</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: center; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">6,621,752 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">62,480 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">597,828 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">(470,510)</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">3,845 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">4,661,138 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">156,779 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">1,068,211 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">&#8208;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">12,701,523 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">541,910 </font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 7pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; white-space: normal; text-align: right; background: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times;">13,243,433 </font></td>









</tr>



















</table>
<p style="margin: 0pt 0pt 0pt 7.1pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: Aptos; font-size: 8pt; vertical-align: super;"><br></font></p>
<p style="margin: 0pt 0pt 0pt 7.1pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: Aptos; font-size: 8pt; vertical-align: super;">(i)</font><font style="font-family: Aptos; font-size: 9pt;"> Are substantially represented by non-controlling shareholders of Iconic.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><br></p>
<p style="margin: 0pt 0pt 0pt 7.1pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: Aptos; font-size: 10pt;">The accompanying notes are an integral part of the interim financial information.</font></p>










</div>
<p style="margin: 0px; text-indent: 0px;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>13</font></font></td>













</tr>



























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>













</div>














</div>













</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<table style="width: 99.9163%; margin: 0px; height: 49px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 50%; height: 10px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 49.9586%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>









</tr>
<tr style="height: 19px;">
<td style="color: #000000; font-family: Aptos; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; height: 19px; padding-left: 0px; padding-right: 0px; margin: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BJB5_510202415431855" class="customBookmark"><font style="color: #000000; font-family: Aptos; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 9.46667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; display: inline !important;">Statements of cash flows - indirect method</font></a></td>
<td style="vertical-align: top; width: 49.9586%; height: 19px;"><br></td>









</tr>
<tr style="height: 10px;">
<td style="width: 50%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">For the periods ended September 30, 2024 and 2023</font></td>
<td style="vertical-align: top; width: 49.9586%; height: 10px;"><br></td>









</tr>
<tr style="height: 10px;">
<td style="width: 50%; height: 10px; border-bottom: 1.5pt solid #000080; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times;"><font style="color: #000000; font-size: 12px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(In thousands of Brazilian&nbsp;</font><font style="font-style: italic;">Reais<font style="color: #000000; font-size: 12px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</font></font></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 49.9586%; height: 10px;"><br></td>









</tr>



















</table>









</div>
<div>
<p style="margin: 0pt 0pt 0pt 7.1pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 751px; width: 100%; text-indent: 0px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;&nbsp;&nbsp; Parent&nbsp;&nbsp;&nbsp; </font></p>














</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>














</td>

</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Note</font></p>














</td>
<td style="padding: 0px 1px; vertical-align: middle; height: 34px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">01/01/2024 to 09/30/2024&nbsp;</font></p>














</td>
<td style="padding: 0px 1px; vertical-align: middle; height: 34px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding: 0px 1px; vertical-align: middle; height: 34px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">01/01/2023&nbsp; to 09/30/2023 </font></p>














</td>
<td style="padding: 0px 1px; vertical-align: middle; height: 34px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding: 0px 1px; vertical-align: middle; height: 34px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">01/01/2024&nbsp; to 09/30/2024&nbsp;</font></p>














</td>
<td style="padding: 0px 1px; vertical-align: middle; height: 34px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; padding: 0px 1px; margin: 0px; text-indent: 0px; height: 34px;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: center; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">01/01/2023 to 09/30/2023&nbsp;</font></p>














</td>

</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Cash flows from operating activities</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>

</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 57%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net income from continuing operations</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,520,971</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,340,795</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,645,081</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,403,759</font></p>














</td>

</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Adjustments to reconcile net income to cash provided (consumed) by operating activities</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>

</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit (loss) of subsidiaries, joint ventures and associates and amortization of fair value adjustments on associates acquisition</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,508,446)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,378,242)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,059</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(11,714)</font></p>














</td>

</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amortization of contractual assets with customers - exclusivity rights</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">402,804</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">445,852</font></p>














</td>

</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amortization of right-of-use assets</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,101</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,633</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">230,157</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">221,292</font></p>














</td>

</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Depreciation and amortization</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13; 14</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,715</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,092</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">673,806</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">612,853</font></p>














</td>

</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest and foreign exchange rate variations</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,616</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,331</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">944,259</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,073,225</font></p>














</td>

</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current and deferred income and social contribution taxes</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9.b</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,739</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,632</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">709,548</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">537,888</font></p>














</td>

</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gain (loss) on disposal or write-off of property, plant and equipment, intangible assets and other assets</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(35,298)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(140,600)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(104,326)</font></p>














</td>

</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Equity instrument granted</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,005</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,171</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">40,754</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25,464</font></p>














</td>

</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for decarbonization - CBIO</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">441,813</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">568,382</font></p>














</td>

</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other provisions and adjustments</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,041)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">37,357</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">68,555</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">153,041</font></p>














</td>

</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20,362</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,764</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,025,236</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,925,716</font></p>














</td>

</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(Increase) decrease in assets</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>

</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables and reseller financing</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">157,955</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">210,355</font></p>














</td>

</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Inventories</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(455,469)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,019,521</font></p>














</td>

</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Recoverable taxes</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,212</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(21,057)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(439,918)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(490,019)</font></p>














</td>

</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividends received from subsidiaries, associates and joint ventures</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">614,857</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,399,698</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,028</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,261</font></p>














</td>

</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other assets</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(10,836)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,219</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(180,303)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,914</font></p>














</td>

</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>

</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Increase (decrease) in liabilities</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>

</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; text-align: left;">
<p style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; text-align: left;"><font style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; text-align: left;">Trade payables and trade payables - reverse factoring</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,606</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(27,094)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,400,113)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,397,911)</font></p>














</td>

</tr>
<tr style="height: 17px;">
<td style="padding: 0px; vertical-align: middle; height: 17px; text-align: left;">
<p style="padding: 0px; vertical-align: middle; height: 17px;"><font style="padding: 0px; vertical-align: middle; height: 17px;">Salaries and related charges</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(11,683)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(30,570)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(31,557)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,351)</font></p>














</td>

</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; text-align: left;">
<p style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"><font style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">Taxes payable</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(990)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(758)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(30,242)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(21,012)</font></p>














</td>

</tr>
<tr style="height: 17px;">
<td style="padding: 0px; vertical-align: middle; height: 17px; text-align: left;">
<p style="padding: 0px; vertical-align: middle; height: 17px;"><font style="padding: 0px; vertical-align: middle; height: 17px;">Other liabilities</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(12,654)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,836</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(19,479)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(68,169)</font></p>














</td>

</tr>
<tr style="height: 17px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 17px; text-align: left;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Acquisition of CBIO and carbon credits</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(586,695)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(533,319)</font></p>














</td>

</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: middle; height: 17px; background-color: #cceeff; text-align: left;">
<p style="padding: 0px; vertical-align: middle; height: 17px;"><font style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">Payments of contractual assets with customers - exclusivity rights</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(285,666)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(363,692)</font></p>














</td>

</tr>
<tr style="height: 17px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 17px; text-align: left;">
<p style="padding: 0px; vertical-align: middle; height: 17px;"><font style="padding: 0px; vertical-align: middle; height: 17px;">Payment of contingencies</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(15)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(30,896)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(43,518)</font></p>














</td>

</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: middle; height: 17px; background-color: #cceeff; text-align: left;">
<p style="padding: 0px; vertical-align: middle; height: 17px;"><font style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">Income and social contribution taxes paid</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,920)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(219,900)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(169,300)</font></p>














</td>

</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net cash provided by operating activities</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">600,954</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,387,023</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,504,981</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2,088,476</font></p>














</td>

</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>

</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Cash flows from investing activities</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>

</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial investments, net of redemptions</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.b</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">142,736</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(162,911)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,051,959)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">186,265</font></p>














</td>

</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Acquisition of property, plant and equipment and intangible assets</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13; 14</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(75,627)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(14,249)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,099,268)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(763,272)</font></p>














</td>

</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash provided by disposal of investments and property, plant and equipment</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">264,564</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">197,802</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,256,077</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">425,261</font></p>














</td>

</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Capital increase in subsidiaries, associates and joint ventures</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(585,335)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>

</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Capital decrease in subsidiaries, associates and joint ventures</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">721,635</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">522</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>

</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net cash consumed in the purchase of investments and other assets</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(60,930)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,242,517)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(303,648)</font></p>














</td>

</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net cash provided (consumed) by investing activities</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(253,662)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">681,347</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(3,137,145)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(455,394)</font></p>














</td>

</tr>
















</table>
<div style="margin: 0px; text-indent: 0px;"><br></div>







</div>







</div>







</div>
<div>
<div style="margin: 0px; text-indent: 0px;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>14</font></font></td>












</tr>

























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>












</div>












</div>
<div style="width: 8.5in; margin: 0 auto;">
<table style="font-size: 10pt; width: 99.9163%; margin-left: 0.1px; height: 61px; border-collapse: collapse; font-family: 'times new roman';">

<tr style="height: 10px;">
<td style="width: 50%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 49.9586%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>









</tr>
<tr style="height: 17px;">
<td style="width: 50%; height: 17px;"><font style="color: #000000; font-family: Aptos; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 9.46667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Statements of cash flows - indirect method</font></td>
<td style="vertical-align: top; width: 49.9586%; height: 17px;"><br></td>









</tr>
<tr style="height: 17px;">
<td style="width: 50%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">For the periods ended September 30, 2024 and 2023</font></td>
<td style="vertical-align: top; width: 49.9586%; height: 17px;"><br></td>









</tr>
<tr style="height: 17px;">
<td style="width: 50%; height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080;"><font style="font-family: 'times new roman', times;"><font style="color: #000000; font-size: 12px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(In thousands of Brazilian&nbsp;</font><font style="font-style: italic;">Reais<font style="color: #000000; font-size: 12px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</font></font></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 49.9586%; height: 17px;"><br></td>









</tr>



















</table>
<p style="margin:0pt"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 475px; width: 100%; text-indent: 0px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;&nbsp;&nbsp; Parent&nbsp;&nbsp;&nbsp; </font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>














</td>



</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Note</font></p>














</td>
<td style="padding: 0px 1px; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">01/01/2024 to 09/30/2024&nbsp;</font></p>














</td>
<td style="padding: 0px 1px; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding: 0px 1px; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">01/01/2023&nbsp; to 09/30/2023&nbsp;</font></p>














</td>
<td style="padding: 0px 1px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding: 0px 1px; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">01/01/2024&nbsp; to 09/30/2024&nbsp;</font></p>














</td>
<td style="padding: 0px 1px; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding: 0px 1px; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">01/01/2023&nbsp; to 09/30/2023&nbsp;</font></p>














</td>



</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 57%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Cash flows from financing activities</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 8%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 8%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 8%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 8%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 1%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 8%; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>



</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Loans, financing and debentures</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>



</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Proceeds</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,658,510</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,903,031</font></p>














</td>



</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Repayments</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,725,000)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,125,954)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,489,304)</font></p>














</td>



</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest and derivatives (paid) or received</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,838</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(118,181)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(741,857)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(781,533)</font></p>














</td>



</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Payments of lease</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>



</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Principal</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12.b</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,977)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,532)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(211,344)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(152,234)</font></p>














</td>



</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest paid</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12.b</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(661)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(504)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(115,074)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(112,009)</font></p>














</td>



</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividends paid</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(712,916)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(380,561)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(781,182)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(399,952)</font></p>














</td>



</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Proceeds from financial liabilities of customers</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,643</font></p>














</td>



</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payments of financial liabilities of customers</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(123,203)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(140,434)</font></p>














</td>



</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Capital increase made by non-controlling shareholders and redemption of shares</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">149</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,500</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>



</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Related parties</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(398)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,266)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(11,554)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(25,990)</font></p>














</td>



</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net cash consumed by financing activities</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(708,114)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(2,231,895)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(438,158)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(1,191,782)</font></p>














</td>



</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>



</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-indent: 0.4pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Effect of exchange rate changes on cash and cash equivalents in foreign currency</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(25,950)</font></p>














</td>



</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-indent: 0.4pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Increase (decrease) in cash and cash equivalents</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(360,822)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(163,525)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,070,322)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">415,350</font></p>














</td>



</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-indent: 0.4pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash and cash equivalents at the beginning of the period</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.a</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">412,840</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">605,461</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,925,688</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,621,769</font></p>














</td>



</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-indent: 0.4pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash and cash equivalents at the end of the period</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.a</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">52,018</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">441,936</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,855,366</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,037,119</font></p>














</td>



</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>



</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Non-cash transactions:</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>



</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Addition on right-of-use assets and leases payable</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">273,745</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">195,591</font></p>














</td>



</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Addition on contractual assets with customers - exclusivity rights</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">53,961</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">66,565</font></p>














</td>



</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reclassification between financial assets and investment in associates</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">645,333</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>



</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Transfer between trade receivables and other assets accounts</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25,646</font></p>














</td>



</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Issuance of shares related to the subscription warrants - indemnification - Extrafarma acquisition</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,452</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">411</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">6,452</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">411</font></p>














</td>



</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Acquisition of property, plant and equipment and intangible assets without cash effect</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,046</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39,041</font></p>














</td>



</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Capital increase in joint ventures</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">133,552</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 6pt;">-</font></p>














</td>



</tr>


















</table>
<p style="margin: 0pt;"><br><font style="font-family: 'times new roman', times; font-size: 10pt;">The accompanying notes are an integral part of the interim financial information.</font><br></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><br></p>








</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>15</font></font></td>












</tr>

























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>












</div>













</div>












</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 99.9163%; margin-left: 0.1px; height: 61px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 50%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 49.9586%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>













</tr>
<tr style="height: 17px;">
<td style="width: 50%; height: 17px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BJB6_510202415455606" class="customBookmark"><font style="color: #000000; font-family: Aptos; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; display: inline !important;">Statements of value added</font></a></td>
<td style="vertical-align: top; width: 49.9586%; height: 17px;"><br></td>













</tr>
<tr style="height: 17px;">
<td style="width: 50%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">For the periods ended September 30, 2024 and 2023</font></td>
<td style="vertical-align: top; width: 49.9586%; height: 17px;"><br></td>













</tr>
<tr style="height: 17px;">
<td style="width: 50%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><font style="font-family: 'times new roman', times;"><font style="color: #000000; font-size: 12px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(In thousands of Brazilian&nbsp;</font><font style="font-style: italic;">Reais<font style="color: #000000; font-size: 12px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</font></font></font></td>
<td style="vertical-align: top; width: 49.9586%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>













</tr>





























</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 807px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&#8206;</font></p>














</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>














</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Note</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2023</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2023</font></p>














</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; width: 49%; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Revenues</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8%; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="width: 10%; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="width: 1%; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="width: 10%; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="width: 1%; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="width: 10%; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="width: 1%; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="width: 10%; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross revenue from sales and services, except rents and royalties</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">102,028,684</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">95,476,150</font></p>














</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Rebates, discounts and returns</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(836,236)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(701,825)</font></p>














</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Allowance for expected credit losses</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(32,802)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(7,613)</font></p>














</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amortization of contractual assets with customers - exclusivity rights</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(402,804)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(445,853)</font></p>














</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Gain (loss) on disposal of assets and other operating income (expenses), net</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26,976</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(148)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(232,045)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(405,853)</font></p>














</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26,976</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(148)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100,524,797</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">93,915,006</font></p>














</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Materials purchased from third parties</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cost of products and services sold</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(91,744,783)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(86,489,727)</font></p>














</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Materials, energy, third-party services and others</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">150,242</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">121,920</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,345,238)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,182,604)</font></p>














</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for assets losses</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">498</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17,981</font></p>














</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">150,242</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">121,920</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(93,089,523)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(87,654,350)</font></p>














</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Gross value added</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">177,218</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">121,772</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,435,274</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,260,656</font></p>














</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Retentions</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
</tr>
<tr style="height: 10px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Depreciation and amortization of intangible assets and right-of-use assets</font></p>














</td>
<td style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; line-height: inherit; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12.a; 13; 14</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(13,816)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(9,534)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(903,963)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(827,858)</font></p>














</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net value added produced by the Company</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">163,402</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">112,238</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,531,311</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,432,798</font></p>














</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Value added received in transfer</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total share of profit (loss) of subsidiaries, joint ventures and associates</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,508,446</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,378,242</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(9,059)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,714</font></p>














</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Rents and royalties</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">236,807</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">233,666</font></p>














</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial income</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">48,291</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">121,875</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">661,588</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">673,265</font></p>














</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: rgb(0, 0, 0) !important; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,556,737</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: rgb(0, 0, 0) !important; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,500,117</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: rgb(0, 0, 0) !important; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">889,336</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: rgb(0, 0, 0) !important; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">918,645</font></p>














</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total value added available for distribution</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,720,139</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,612,355</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,420,647</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,351,443</font></p>














</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Distribution of value added</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Personnel and related charges</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Salaries and wages</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">123,122</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">114,008</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,105,759</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,054,993</font></p>














</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Benefits</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,398</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17,483</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">338,353</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">307,760</font></p>














</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Government Severance Indemnity Fund for Employees (FGTS)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,371</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,709</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">78,153</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">70,627</font></p>














</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Others</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,986</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,719</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">185,759</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">81,972</font></p>














</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">153,877</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">140,919</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,708,024</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,515,352</font></p>














</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes, fees, and contributions</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Federal</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25,291</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">46,431</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,268,280</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,549,945</font></p>














</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">State</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">388,155</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">295,604</font></p>














</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Municipal</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">277</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">47</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">117,874</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">112,070</font></p>














</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: rgb(0, 0, 0) !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25,568</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: rgb(0, 0, 0) !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">46,478</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: rgb(0, 0, 0) !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,774,309</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: rgb(0, 0, 0) !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,957,619</font></p>














</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial expenses and rents</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest, exchange variations and financial instruments</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(116)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">61,002</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,145,702</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,288,190</font></p>














</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Rents</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,624</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,043</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">83,424</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">82,201</font></p>














</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Others</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,215</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20,118</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">64,107</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">104,322</font></p>














</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,723</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">84,163</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,293,233</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,474,713</font></p>














</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Remuneration of own capital</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividends</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">275,971</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">273,798</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 275,971</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">273,798</font></p>














</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest on capital</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">105,590</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
</tr>
<tr style="height: 17px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Retained earnings</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,245,000</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,066,997</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; 1,263,520 </font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,129,961</font></p>














</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: rgb(0, 0, 0) !important; border-bottom-color: rgb(0, 0, 0) !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,520,971</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: rgb(0, 0, 0) !important; border-bottom-color: rgb(0, 0, 0) !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,340,795</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: rgb(0, 0, 0) !important; border-bottom-color: rgb(0, 0, 0) !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,645,081</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: rgb(0, 0, 0) !important; border-bottom-color: rgb(0, 0, 0) !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,403,759</font></p>














</td>
</tr>
<tr style="height: 18px; background-color: rgb(204, 238, 255);">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Value added distributed</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; height: 18px; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,720,139</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; height: 18px; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,612,355</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; height: 18px; border-bottom-color: rgb(0, 0, 0) !important; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,420,647</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; border-bottom: 2.8pt double rgb(0, 0, 0); padding: 0px 4px 0px 0px; vertical-align: bottom; height: 18px; background-color: rgb(204, 238, 255);" valign="bottom">
<p style="font-family: 'times new roman', times; font-size: 8pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,351,443</font></p>














</td>
</tr>















</table>
<p style="margin: 6pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The accompanying notes are an integral part of the interim financial information.</font></p>








</div>
<div>
<table style="width: 100%; height: 20px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 20px;">
<td class="pgno" style="padding: 0px; text-align: center; height: 20px;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>16</font></font></td>












</tr>

























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>












</div>













</div>












</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="line-height: 1.2;">
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 99.9182%; margin-left: 0.1px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>
















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>





















</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>
















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>
















</tr>


































</table>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<div style="background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BN1_5102024133716131" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1. Operations</font></a></div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. (&#8220;Ultrapar&#8221; or &#8220;Company&#8221;) is a publicly-traded company headquartered at the Brigadeiro Lu&#237;s Ant&#244;nio Avenue, 1343 in the city of S&#227;o Paulo &#8211; SP, Brazil, listed on B3 S.A. &#8211; Brasil, Bolsa, Balc&#227;o (&#8220;B3&#8221;), in the Novo Mercado listing segment under the ticker &#8220;UGPA3&#8221; and on the New York Stock Exchange (&#8220;NYSE&#8221;) in the form of level III American Depositary Receipts (&#8220;ADRs&#8221;) under the ticker &#8220;UGP&#8221;.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company engages in the investment of its own capital in services, commercial and industrial activities, through the subscription or acquisition of shares of other companies. Through its subsidiaries, it operates on liquefied petroleum gas &#8211; LPG distribution (&#8220;Ultragaz&#8221;), fuel distribution and related businesses (&#8220;Ipiranga&#8221; or &#8220;IPP&#8221;) and storage services for liquid bulk (&#8220;Ultracargo&#8221;). The information on segments is disclosed in Note 25.a. </font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">This interim financial information was authorized for issuance by the Board of Directors on November 13, 2024.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">a. Principles of consolidation and interest in subsidiaries </font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a.1 Principles of consolidation</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the preparation of the consolidated interim financial information the investments of one company in another, balances of asset and liability accounts, revenues transactions, costs and expenses were eliminated, as well as the effects of transactions conducted between the companies. Non-controlling interests in subsidiaries are presented within consolidated equity and net income.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Consolidation of a subsidiary begins when the Company obtains direct or indirect control over an entity and ceases when the company loses control. Income and expenses of a subsidiary acquired are included in the consolidated statements of income and of comprehensive income from the date the Company gains the control. Income and expenses of a subsidiary, in which the Company loses control, are included in the consolidated statements of income and of comprehensive income until the date the Company loses control.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">When necessary, adjustments are made to the financial information of subsidiaries to bring their accounting policies into line with the Company&#8217;s accounting policies.</font></p>














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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>17</font></font></td>
















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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
















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<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>
















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<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>





















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<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
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<p style="margin: 0px; text-indent: 0px;"><br></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a.2 Interest in subsidiaries</font><br><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The consolidated interim financial information includes the following direct and indirect subsidiaries:</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" colspan="7">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">% interest in the share capital</font></p>

















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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;"><br></td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" colspan="3">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>










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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;"><br></td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Control</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" colspan="3">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Control</font></p>










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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Location</font></p>


















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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Segment</font></p>


















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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Direct</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Indirect</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Direct</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Indirect</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; width: 35%; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar Mobilidade Ltda.</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; width: 1%; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; width: 10%; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; width: 10%; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; width: 1%; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; width: 10%; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; width: 10%; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; width: 1%; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; width: 10%; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; width: 1%; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; width: 10%; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.45pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Centro de Conveni&#234;ncias Millennium Ltda. and subsidiaries</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>










</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="vertical-align: super; line-height: inherit;"><font style="vertical-align: super; line-height: inherit;"><font style="vertical-align: super; line-height: inherit;">Neodiesel Ltda.</font><font style="font-size: 8pt;"><sup><font style="vertical-align: super; line-height: inherit;">(1)</font></sup></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 17.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Serra Diesel Transportador Revendedor Retalhista Ltda.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">60</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">60</font></p>


















</td>










</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="vertical-align: super; line-height: inherit;"><font style="vertical-align: super; line-height: inherit;"><font style="vertical-align: super; line-height: inherit;">Ipiranga Produtos de Petr&#243;leo S.A.</font><font style="font-size: 8pt;"><sup><font style="vertical-align: super; line-height: inherit;">(2)</font></sup></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">am/pm Comest&#237;veis Ltda.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>










</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="vertical-align: super; line-height: inherit;"><font style="vertical-align: super; line-height: inherit;"><font style="vertical-align: super; line-height: inherit;">Glazed Brasil S.A.</font><font style="font-size: 8pt;"><sup><font style="vertical-align: super; line-height: inherit;">(3)</font></sup></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">55</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="vertical-align: super; line-height: inherit;"><font style="vertical-align: super; line-height: inherit;"><font style="vertical-align: super; line-height: inherit;">Icorban - Correspondente Banc&#225;rio Ltda.&nbsp; </font><font style="font-size: 8pt;"><sup><font style="vertical-align: super; line-height: inherit;">(4)</font></sup></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>










</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga Trading Limited</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">British Virgin Islands</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tropical Transportes Ipiranga Ltda.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>










</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga Imobili&#225;ria Ltda.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>










</tr>
<tr style="height: 15px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga Log&#237;stica Ltda.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>










</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9.35pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Oil Trading Importadora e Exportadora Ltda.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>










</tr>
<tr style="height: 15px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Iconic Lubrificantes S.A. </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">56</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">56</font></p>


















</td>










</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Integra Frotas Ltda.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Irup&#233; Biocombust&#237;veis Ltda.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>










</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="vertical-align: super; line-height: inherit;"><font style="vertical-align: super; line-height: inherit;"><font style="vertical-align: super; line-height: inherit;">Ipiranga Trading North America LLC. </font><font style="font-size: 8pt;"><sup><font style="vertical-align: super; line-height: inherit;">(5)</font></sup></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">United States</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="vertical-align: super; line-height: inherit;"><font style="vertical-align: super; line-height: inherit;"><font style="vertical-align: super; line-height: inherit;">Ipiranga Trading Middle East DMCC </font><font style="font-size: 8pt;"><sup><font style="vertical-align: super; line-height: inherit;">(5)</font></sup></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Dubai</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>










</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="vertical-align: super; line-height: inherit;"><font style="vertical-align: super; line-height: inherit;"><font style="vertical-align: super; line-height: inherit;">Ipiranga Trading Europe S.A. </font><font style="font-size: 8pt;"><sup><font style="vertical-align: super; line-height: inherit;">(5)</font></sup></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Switzerland</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="vertical-align: super; line-height: inherit;"><font style="vertical-align: super; line-height: inherit;"><font style="vertical-align: super; line-height: inherit;">Ea&#237; Clube Automobilista S.A.</font><font style="font-size: 8pt;"><sup><font style="vertical-align: super; line-height: inherit;">(6)</font></sup></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>










</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 20.8pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Abastece A&#237; Participa&#231;&#245;es S.A. </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 39.2pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Abastece A&#237; Clube Automobilista Institui&#231;&#227;o de Pagamento Ltda.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>










</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-size: 10pt;">Companhia Ultragaz S.A.</font><font style="font-size: 8pt;"><sup><font style="font-size: 8pt;"> (</font><font style="font-size: 8pt;">7</font><font style="font-size: 8pt;">)</font></sup></font></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">99</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">99</font></p>


















</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-size: 10pt;">Ultragaz Participa&#231;&#245;es Ltda.</font><font style="font-size: 8pt;"><sup><font style="font-size: 8pt;"> (</font><font style="font-size: 8pt;">7</font><font style="font-size: 8pt;">)</font></sup></font></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>










</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz Energia Ltda. and subsidiaries</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>










</tr>
<tr style="height: 15px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Nova Paran&#225; Distribuidora de G&#225;s Ltda.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>










</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Uting&#225;s Armazenadora S.A.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">57</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">57</font></p>


















</td>










</tr>
<tr style="height: 15px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Bahiana Distribuidora de G&#225;s Ltda. </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>










</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">NEOg&#225;s do Brasil G&#225;s Natural Comprimido S.A.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>










</tr>
<tr style="height: 21px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-size: 10pt;">Wtz Participa&#231;&#245;es S.A</font>.<font style="font-size: 8pt;"><sup><font style="font-size: 8pt;">(</font><font style="font-size: 8pt;">8</font><font style="font-size: 8pt;">)</font></sup></font></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 21px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 21px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 21px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">52</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 21px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 21px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>










</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">UVC Investimentos Ltda.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>










</tr>
<tr style="height: 17px;">
<td style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; height: 17px;" valign="bottom">
<p style="font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-size: 10pt;">Ultrapar Log&#237;stica Ltda.</font><font style="font-size: 8pt;"><sup><font style="font-size: 8pt;">(</font><font style="font-size: 8pt;">9</font><font style="font-size: 8pt;">)</font></sup></font></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>










</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo Log&#237;stica S.A.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">99</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">99</font></p>


















</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 20.8pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo Solu&#231;&#245;es Log&#237;sticas S.A.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp; Ultracargo</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>










</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar International S.A.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Luxembourg</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">UVC - Fundo de investimento em participa&#231;&#245;es multiestrat&#233;gia investimento no exterior</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>










</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Imaven Im&#243;veis Ltda.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>










</tr>





























</table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The percentages in the table above are rounded.</font></p>














</div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>18</font></font></td>
















</tr>

































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
















</div>
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 99.9182%; margin-left: 0.1px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>
















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>





















</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>
















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>
















</tr>


































</table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><br></p>
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; height: 151px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 15px;">
<td style="vertical-align: top; height: 15px; width: 3%;" valign="top"><font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(1)</font></sup></font></td>
<td style="text-align: justify; height: 15px; width: 97%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Company established on May 16, 2024 with the purpose of holding interests in other companies.</font></td>

















</tr>
<tr style="height: 15px;">
<td style="vertical-align: top; height: 15px;" valign="top"><font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(2)</font></sup></font></td>
<td style="text-align: justify; height: 15px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">On January 2, 2024, the direct subsidiary Ipiranga Produtos de Petr&#243;leo S.A. (&#8220;Ipiranga&#8221;) became directly controlled by Ultrapar Mobilidade Ltda.</font></td>

















</tr>
<tr style="height: 15px;">
<td style="vertical-align: top; height: 15px;" valign="top"><font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(3)</font></sup></font></td>
<td style="text-align: justify; height: 15px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Company established on March 8, 2024, engaged in the wholesale and retail trade, manufacture, storage, export and import of natural and industrialized food products.</font></td>

















</tr>
<tr style="height: 15px;">
<td style="vertical-align: top; height: 15px;" valign="top"><font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(4)</font></sup></font></td>
<td style="height: 15px; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">On August 1, 2024, Icorban &#8211; Correspondente Banc&#225;rio Ltda (&#8220;Icorban&#8221;) merged its equity into the equity of the subsidiary Ipiranga.</font></td>

















</tr>
<tr style="height: 15px;">
<td style="vertical-align: top; height: 15px;" valign="top"><font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(5)</font></sup></font></td>
<td style="height: 15px; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Companies established as Ipiranga&#8217;s subsidiaries in foreign countries, engaged in the commercial representation, trade, export and import of fuels.</font></td>

















</tr>
<tr style="height: 15px;">
<td style="vertical-align: top; height: 15px;" valign="top"><font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(6)</font></sup></font></td>
<td style="height: 15px; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">On January 2, 2024, subsidiary Ea&#237; Clube Automobilista S.A. became directly controlled by Ipiranga.</font></td>

















</tr>
<tr style="height: 15px;">
<td style="vertical-align: top; height: 15px;" valign="top"><font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(7)</font></sup></font></td>
<td style="height: 15px; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">On August 1, 2024, Ultragaz Participa&#231;&#245;es Ltda. merged its equity into the equity of the subsidiary Companhia Ultragaz S.A.</font></td>

















</tr>
<tr style="height: 31px;">
<td style="vertical-align: top; height: 31px;" valign="top"><font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(8)</font></sup></font></td>
<td style="height: 31px; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">On June 10, 2024, the Company, through its subsidiary Companhia Ultragaz S.A., signed an agreement for the acquisition of a 52% interest in Wtz Participa&#231;&#245;es S.A. The closing of the transaction occurred on September 1, 2024.</font></td>

















</tr>
<tr style="height: 15px;">
<td style="vertical-align: top; height: 15px;" valign="top"><font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(9)</font></sup></font></td>
<td style="height: 15px; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">On February 19, 2024, the name of subsidiary Ultracargo Opera&#231;&#245;es Log&#237;sticas e Participa&#231;&#245;es Ltda. was changed to Ultrapar Log&#237;stica Ltda.</font></td>

















</tr>



































</table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Main events that occurred in the period</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b1. Acquisition of significant stake in Hidrovias</font><br><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="line-height: inherit;">In the six-month period ended June 30, 2024, the Company, through its subsidiary, </font><font style="line-height: inherit;">increased</font><font style="line-height: inherit;"> the stake in Hidrovias do Brasil S.A. (&#8220;Hidrovias&#8221;), in line with Ultrapar's strategy of expanding its presence in sectors exposed to Brazilian agribusiness, mainly in the Midwest and North regions, investing in companies in which it can contribute strategic, operational, administrative and financial knowledge, being a strategic and long-term reference shareholder of Hidrovias, supporting its growth, governance and management model. For further information, see Note 28.c. </font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">b2. </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">Acquisition of interest in Witzler by Ultragaz</font></font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="line-height: inherit;">On June 10, 2024, through its subsidiary Ultragaz, the Company signed a contract to acquire a 51.7% interest in Witzler Participa&#231;&#245;es S.A. (&#8220;Witzler&#8221;). The acquisition value was R$ 104.4 million, of which R$ 49.4 million </font><font style="line-height: inherit;">was</font><font style="line-height: inherit;"> contributed to the acquired company through a capital increase and R$ 55 million </font><font style="line-height: inherit;">was</font><font style="line-height: inherit;"> paid considering price adjustments at the closing of the transaction. In addition, there is a portion of R$ 45 million subject to certain performance conditions to be measured within up to 12 months. The Administrative Council for Economic Defense (CADE) approved the transaction on July 8, 2024. The closing of the transaction </font><font style="line-height: inherit;">occurred on September 1, 2024. </font><font style="line-height: inherit;">For further information, see Note 28.d.</font></font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">b3. Acquisition </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">of service stations from P&#227;o de A&#231;&#250;car Group by subsidiary Millennium</font></font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="line-height: inherit;">On June 10, 2024, through its subsidiary Centro de Conveni&#234;ncias Millenium Ltda., the Company signed a contract for the acquisition of 49 service stations from P&#227;o de A&#231;&#250;car Group, located in the state of S&#227;o Paulo, for R$ 130 million, aiming to maintain these stations in the network of around 6 thousand Ipiranga service stations distributed throughout Brazil. CADE approved the transaction on July 22, 2024. On August 13, 2024, the subsidiary Centro de Conveni&#234;ncias Millenium Ltda. paid R$</font><font style="line-height: inherit;">&nbsp;</font><font style="line-height: inherit;">90,000 referring to the advance for the acquisition of the stations. The closing of the transaction is subject to other precedent conditions.</font></font></p>














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<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
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<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
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<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<div style="background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BN2_5102024134420187" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2. Basis of preparation and presentation of individual and consolidated interim financial information </font></a></div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The individual and consolidated interim financial information ("quarterly information"), identified as Parent and Consolidated, was prepared in accordance with the International Accounting Standard ("IAS") 34 &#8211; Interim Financial Reporting issued by the International Accounting Standards Board ("IASB"), and in accordance with the pronouncement CPC 21 (R1) &#8211; Interim Financial Reporting, issued by the Brazilian Accounting Pronouncements Committee (&#8220;CPC&#8221;), and presented in accordance with the rules issued by the Securities and Exchange Commission of Brazil (&#8220;CVM&#8221;).</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">All relevant specific information of the interim financial information, and only this information, was presented and corresponds to that used by the Company&#8217;s and its subsidiaries&#8217; Management.</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The presentation currency of the Company&#8217;s interim financial information is the Brazilian Real, which is the Company&#8217;s functional currency, unless otherwise stated.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The preparation of the interim financial information requires management to make judgments, use estimates and adopt assumptions in the application of accounting policies that affect the presented amounts of income, expenses, assets and liabilities, including contingent liabilities. The uncertainty related to these judgments, assumptions and estimates could lead to results that require a significant adjustment to the carrying amount of certain assets and liabilities in future years.</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company reviews its judgments, estimates and assumptions on an ongoing basis, as disclosed in the financial statements for the year ended December 31, 2023. No material changes were observed in such judgments, estimates and assumptions in relation to those disclosed as of December 31, 2023.</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The interim financial information has been prepared on a historical cost basis, except for the following material items recognized in the statements of financial position:</font></p>
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<td style="width: 3%; text-align: left; padding: 1px 10px 1px 1px; height: 15px;"><font style="font-size: 10pt;"><font style="font-size: 10pt;">(i)</font></font></td>
<td style="width: 95%; text-align: justify; height: 15px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">derivative and non-derivative financial instruments measured at fair value;</font></td>


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<td style="width: 3%; text-align: left; padding: 1px 10px 1px 1px; height: 15px;">(ii)</td>
<td style="width: 95%; text-align: justify; height: 15px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">share-based payments and employee benefits measured at fair value;</font></td>


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<td style="width: 3%; text-align: left; padding: 1px 10px 1px 1px; height: 15px;">(iii)</td>
<td style="width: 95%; text-align: justify; height: 15px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">deemed cost of property, plant and equipment.</font></td>


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<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="line-height: inherit;">This interim financial information was prepared using consistent accounting policies and practices</font><font style="line-height: inherit;"> on Ultrapar and its subsidiaries</font><font style="line-height: inherit;">. This interim financial information should be read together with the individual and consolidated financial statements of the Company for the year ended December 31, 2023, since its objective is to provide an update of the significant activities, events and circumstances in relation to those individual and consolidated financial statements. </font></font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Therefore, this interim financial information focuses on new activities, events and circumstances and does not duplicate previously disclosed information, except when Management considers it relevant to maintain certain information.</font></p>














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<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
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<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
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<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><br></p>
<div style="background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BN3_510202413447667" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">3. New accounting policies and changes in accounting policies </font></a></div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The accounting policies have been consistently applied to all consolidated companies and are consistent with those used in the parent. The Company evaluated and, when necessary, applied for the first time the new standards and interpretations issued by the International Accounting Standards Board (IASB) listed in item 3.a, and on the date the interim financial information was authorized for issue, did not identify any significant impacts thereof on the disclosure or reported amounts.</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<li style="font-family: times new roman; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt 0pt 0pt 14pt; padding-left: 4pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">New accounting policies and changes in accounting policies</font></li>


















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<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The new standards and interpretations issued, up to the issuance of the Company's individual and consolidated interim financial information, are described below. </font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a.1 Accounting policies adopted</font><br></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The following new standards, amendments to standards and interpretations of IFRS issued by the IASB and effective on/after January 1, 2024 had no significant impact on the interim financial information for the period ended September 30, 2024:</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IAS 1 &#8211; Non-current Liabilities with Covenants</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">CPC 06 / IFRS 16 (R2) &#8211; Lease Liability in a Sale and Leaseback</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">CPC 09 (R1) &#8211; Statement of Value Added</font></li>


















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<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a.2 Accounting policies not adopted</font><br></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The following new standards, amendments to standards and interpretations of IFRS issued by the IASB were not adopted since they are not effective in the period ended September 30, 2024. The Company and its subsidiaries plan to adopt these new standards, amendments and interpretations, if applicable, when they become effective, and they do not expect a material impact of their adoption on their future individual and consolidated interim financial information.</font><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; orphans: 0; padding-left: 8.4pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IFRS 7/ CPC 03 and IAS 7/ CPC 40 &#8211; Supplier Finance Arrangements</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; orphans: 0; padding-left: 8.4pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IFRS 18/ CPC 26 &#8211; Presentation and Disclosure in Financial Statements</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; orphans: 0; padding-left: 8.4pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="line-height: inherit;">IFRS</font><font style="line-height: inherit;">&nbsp;</font><font style="line-height: inherit;">10/ CPC 36 (R3) and IAS 28/ CPC 18 (R2) &#8211; Sale or Contribution of Assets between an Investor and its Associate or Joint venture</font></font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; orphans: 0; padding-left: 8.4pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IAS 21 / CPC 02 &#8211; The Effects of Changes in Foreign Exchange Rates</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 9.6pt; orphans: 0; padding-left: 8.4pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IFRS 19 &#8211; Subsidiaries without Public Accountability</font></li>














</ul>














</div>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>21</font></font></td>
















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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
















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<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>
















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<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>





















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<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>
















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>
















</tr>


































</table>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<div style="background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BN4_510202413435661" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">4. Cash and cash equivalents, financial investments, derivative financial instruments and other financial assets</font></a></div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash equivalents and financial investments, excluding cash and bank deposits, are substantially represented by investments: (i) in Brazil, in certificates of deposit of financial institutions linked to interest rate of the DI, in repurchase agreement, financial bills, private securities and in short-term investment funds, whose portfolio is comprised of Brazilian Federal Government bonds and certificates of deposit of financial institutions; (ii) outside Brazil, in certificates of deposit of financial institutions and in short-term investment funds, whose portfolio is comprised of Federal Government bonds; and (iii) in derivative financial instruments. </font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The financial assets were classified based on business model of the Company and its subsidiaries and are disclosed in Note 26. </font></p>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The breakdown of cash and cash equivalents and financial investments is as follows:&nbsp;</font></p>
<p style="margin: 0px; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Cash and cash equivalents</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash and cash equivalents are presented as follows: </font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 157px; width: 100%;" width="100%">

<tr style="height: 11px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Parent</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>


















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


















</td>

















</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; width: 57%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash and banks</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="vertical-align: bottom; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>

















</tr>
<tr style="height: 15px;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In local currency</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,067</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">408</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">300,811</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">77,488</font></p>


















</td>

















</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In foreign currency</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">55,333</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">47,664</font></p>


















</td>

















</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial investments considered cash equivalents</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>

















</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In local currency</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>

















</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in local currency</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">49,951</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">412,432</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,492,753</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,476,726</font></p>


















</td>

















</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In foreign currency</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>

















</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in foreign currency</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,469</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">323,810</font></p>


















</td>

















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total cash and cash equivalents</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">52,018</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">412,840</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,855,366</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,925,688</font></p>


















</td>

















</tr>




































</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><br></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Financial investments, derivative financial instruments and other financial assets</font><br><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The financial investments that are not classified as cash and cash equivalents and derivative financial instruments are presented as follows:</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 167px;" width="100%">

<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Parent</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>


















</td>

















</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


















</td>

















</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 57%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial investments</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>

















</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In local currency</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>

















</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in local currency</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">108,150</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">82,592</font></p>


















</td>

















</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In foreign currency</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>

















</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in foreign currency <font style="font-size: 8pt;"><sup>(a)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,532,952</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>

















</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Derivative financial instruments and other financial assets at fair value <font style="font-size: 8pt;"><sup>(b)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,608</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">295,637</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">873,084</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,162,283</font></p>


















</td>

















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total financial investments and derivative financial instruments</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,608</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">295,637</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,514,186</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,244,875</font></p>


















</td>

















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">377,405</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">292,934</font></p>


















</td>

















</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Non-current</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,608</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">295,637</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,136,781</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">951,941</font></p>


















</td>

















</tr>




































</table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; break-after: avoid; break-inside: avoid; text-indent: -14.2pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-size: 8pt;"><sup><font style="line-height: inherit;">(a)</font></sup></font><font style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp; </font><font style="line-height: inherit;">Refers substantially to financial investments made by subsidiary Ultrapar International in Time Deposits.</font></font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; break-after: avoid; break-inside: avoid; text-indent: -14.2pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-size: 8pt;"><sup><font style="line-height: inherit;">(b)</font></sup></font><font style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp; </font><font style="line-height: inherit;">Accumulated gains, net of withholding income tax (see Note 26.f).</font></font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-size: 10pt; font-weight: bold; text-align: justify;">&nbsp;</font></p>













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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>22</font></font></td>














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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>














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<div style="line-height: 1.2;">
<table style="width: 99.9182%; margin-left: 0.1px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>















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<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>




















</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>















</tr>
































</table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-size: 10pt; font-weight: bold; text-align: justify;"><br></font></p>

















</div>
<div style="line-height: 1.2;">
<div style="background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BN5_5102024134345211" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">5. Trade receivables, reseller financing and other receivables (Consolidated)</font></a></div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Trade receivables and reseller financing</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The breakdown of trade receivables and reseller financing is as follows:</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Trade receivables</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


















</td>

















</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 79%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Domestic customers</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,936,633</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,183,696</font></p>


















</td>

















</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Domestic customers - related parties (see Note 8)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 19</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 78</font></p>


















</td>

















</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Foreign customers</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 70,559</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 82,634</font></p>


















</td>

















</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Foreign customers - related parties (see Note 8)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,759</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,065</font></p>


















</td>

















</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,012,970</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,269,473</font></p>


















</td>

















</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(-) Allowance for expected credit losses</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (356,056)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (334,467)</font></p>


















</td>

















</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total - trade receivables</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,656,914</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,935,006</font></p>


















</td>

















</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,629,656</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,921,790</font></p>


















</td>

















</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Non-current</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,258</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,216</font></p>


















</td>

















</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>

















</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding: 0px 4px 0px 2px; vertical-align: bottom; background-color: #cceeff;">
<p style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Reseller financing</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


















</td>

















</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Reseller financing &#8211; Ipiranga</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,326,032</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,189,886</font></p>


















</td>

















</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(-) Allowance for expected credit losses</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(145,596)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(134,383)</font></p>


















</td>

















</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total &#8211; reseller financing</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,180,436</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,055,503</font></p>


















</td>

















</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">497,435</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">504,862</font></p>


















</td>

















</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Non-current</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">683,001</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">550,641</font></p>


















</td>

















</tr>




































</table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Allowance for expected credit losses &#8211; trade receivables and financing</font></p>
<p style="margin: 0px; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Movements in the allowance for expected credit losses of trade receivables and reseller financing are as follows:</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 80px; width: 100%;" width="100%">

<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Trade receivables</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Reseller financing</font></p>


















</td>

















</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 79%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of December 31, 2023</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 334,467</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">134,383</font></p>


















</td>

















</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Additions </font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 108,862</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">48,474</font></p>


















</td>

















</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Reversals</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (63,855)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(33,945)</font></p>


















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Write-offs</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (23,418)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,316)</font></p>


















</td>

















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of September 30, 2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 356,056</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">145,596</font></p>


















</td>

















</tr>




































</table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>













</div>













</div>













</div>
<div style="line-height: 1.2;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>23</font></font></td>














</tr>





























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>














</div>
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 99.9182%; margin-left: 0.1px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>




















</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>















</tr>
































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below presents information on credit risk exposure, resulting from balances of trade receivables and reseller financing.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 105px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="padding-left: 3pt; padding-right: 3pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


















</td>


















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Weighted average rate of expected losses</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Gross accounting balance</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Allowance for expected credit losses</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Weighted average rate of expected losses</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Gross accounting balance</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Allowance for expected credit losses</font></p>


















</td>


















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 35%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">0.65%</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,286,710</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 28,072</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">0.55%</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,412,278</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,131</font></p>


















</td>


















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Less than 30 days</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2.94%</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 112,650</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,314</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7.62%</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 61,451</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,683</font></p>


















</td>


















</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">31-60 days</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8.91%</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 38,010</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,386</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.92%</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 57,753</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,841</font></p>


















</td>


















</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">61-90 days</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">25.84%</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 26,126</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,750</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15.29%</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23,845</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,646</font></p>


















</td>


















</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">91-180 days</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">42.50%</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 73,482</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 31,231</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">32.91%</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 47,430</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,609</font></p>


















</td>


















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">More than 180 days</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">53.48%</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 802,024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 428,899</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">48.79%</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 856,602</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 417,940</font></p>


















</td>


















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,339,002</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 501,652</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,459,359</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 468,850</font></p>


















</td>


















</tr>





































</table>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Trade receivables - sale of subsidiaries</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The breakdown of other receivables is comprised as follows:</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 90px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 56.8823%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom: 1pt solid #000000; width: 20.8955%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Parent</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 20.8955%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>


















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 56.8823%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.95025%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.95025%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.95025%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.95025%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


















</td>

















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 56.8823%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Sale of subsidiary Oxiteno:</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.95025%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.995025%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.95025%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.995025%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.95025%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.995025%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.95025%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 56.8823%;">
<p style="/* vertical-align: super; */line-height: inherit;"><font style="/* vertical-align: super; */line-height: inherit;"><font style="/* vertical-align: super; */line-height: inherit;">Receivables from sale of investments </font><font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(i)</font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 726,195</font></p>


















</td>

















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 56.8823%;">
<p style="/* vertical-align: super; */line-height: inherit;"><font style="/* vertical-align: super; */line-height: inherit;"><font style="/* vertical-align: super; */line-height: inherit;">(-) Adjustment to present value - sale of investments </font><font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(ii)</font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (10,318)</font></p>


















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 56.8823%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Sale of subsidiary Extrafarma:</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>

















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 56.8823%;">
<p style="/* vertical-align: super; */line-height: inherit;"><font style="/* vertical-align: super; */line-height: inherit;"><font style="/* vertical-align: super; */line-height: inherit;">Receivables from sale of investments </font><font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(iii)</font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 208,487</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 208,487</font></p>


















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 56.8823%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 208,487</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 1px; border-top-style: solid; border-bottom-color: #000000 !important; border-top-color: #000000 !important; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 924,364</font></p>


















</td>

















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 56.8823%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 208,487</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.995025%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 9.95025%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 924,364</font></p>


















</td>

















</tr>




































</table>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font style="font-size: 8pt;"><sup>(i)</sup></font>&nbsp;</font>The balance related to the final installment of the sale of Oxiteno was received in April 2024.</font></font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><br></font></font></font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font style="font-size: 8pt;"><sup>(ii)</sup></font>&nbsp;</font>The consideration for the sale of Oxiteno was recognized at present value using a discount rate of 6.17%, and fully paid up in April 2024.</font></font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><br></font></font></font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font style="font-size: 8pt;"><sup>(iii)</sup></font>&nbsp;</font>Refers to part of the payment of the Extrafarma sale transaction, in two installments of equal value, being the first settled in August 2023, and the second settled in August 2024, monetarily adjusted by the CDI rate + 0.5% p.a.</font></font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><br></p>













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<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>24</font></font></td>
















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</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
















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</div>
















</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 99.9182%; margin-left: 0.1px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>



























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>
































</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>



























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>



























</tr>
























































</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: arial, helvetica, sans-serif; font-size: 9pt; font-weight: bold;">&nbsp;</font><font style="font-family: arial, helvetica, sans-serif; font-size: 9pt; font-weight: bold;"><br></font></p>
<div style="background-color: #002060; margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="Bb1_5102024115539256" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">6. Inventories (Consolidated)</font></a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The breakdown of inventories, net of provision for losses, is shown below:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 122px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 79%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fuels, lubricants and greases</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,453,055</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,367,094</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Raw materials</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">310,566</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">282,197</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Liquefied petroleum gas - LPG</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">126,361</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">112,100</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Consumable materials and other items for resale</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">132,000</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">121,537</font></p>































</td>






























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="font-size: 8pt;"><font style="font-size: 8pt;">Purchase for future delivery&nbsp;<font style="font-size: 8pt;"><sup>(1)</sup></font></font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">698,570</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">386,281</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Properties for resale</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">21,792</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">22,222</font></p>































</td>






























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,742,344</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,291,431</font></p>































</td>






























</tr>






























































</table>






























</div>
<div style="width: 8.5in; margin: 0 auto;"><font style="font-size: 10pt; text-indent: 28.4pt;"><br></font></div>
<div style="width: 8.5in; margin: 0 auto;"><font style="font-size: 8pt;"><sup><font style="text-indent: 28.4pt;">(1) </font></sup></font><font style="font-size: 10pt;">Refers substantially to ethanol, </font>biodiesel<font style="font-size: 10pt;"> and advances for fuel acquisition</font>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Movements in the provision for inventory losses are as follows:</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 47px; width: 100%;" width="100%">

<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 90%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Balance as of December 31, 2023</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">7,031</font></p>































</td>































</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reversal of provision for obsolescence and other losses</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,632)</font></p>































</td>































</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Addition to provision for adjustment to realizable value</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; height: 10px; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75</font></p>































</td>































</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Balance as of September 30, 2024</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2,474</font></p>































</td>































</tr>































































</table>
<p style="margin:0pt"><br></p>
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="Bb2_5102024115554688" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">7. Recoverable taxes (Consolidated)</font></a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">a. Recoverable taxes</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Recoverable taxes are substantially represented by credits of Tax on Goods and Services (&#8220;ICMS&#8221;, the Brazilian VAT), Contribution for Social Security Financing (&#8220;COFINS&#8221;) and Social Integration Program (&#8220;PIS&#8221;).</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 113px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 79%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">ICMS - State VAT (a.1)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,486,641</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,365,128</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">PIS and COFINS - Federal VAT (a.2)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 2,283,093</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 2,761,262</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Others</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 89,929</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 77,249</font></p>































</td>






























</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 3,859,663</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 4,203,639</font></p>































</td>






























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,511,114</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,462,269</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 2,348,549</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 2,741,370</font></p>































</td>






























</tr>






























































</table>
<p style="margin: 0pt 0pt 0pt 14.2pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 17pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: -17pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">a.1</font> The recoverable ICMS net of provision for losses is substantially related to the following operations: </font></p>
<p style="margin: 0pt 0pt 0pt 42.5pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 12pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tax credits recognized mainly of the following nature: a) transactions of inputs and outputs of products subject to taxation of the own ICMS; b) interstate outflows of oil-related products, whose ICMS was prepaid by the supplier (Petr&#243;leo Brasileiro S.A. (&#8220;Petrobras&#8221;)); c) credits for refunds of the ICMS-ST (tax substitution) overpaid when the estimated calculation base used is higher than that of the actual operation performed. </font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the second quarter of 2023, with the enactment of Supplementary Law 192/22, the single-phase ICMS levy on LPG, diesel, biodiesel, gasoline and anhydrous ethanol became effective. Due to the advent of this new calculation modality, the subsidiaries have stopped generating credits related to the refunds of ICMS-ST (tax substitution).</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">a.2</font> The recoverable PIS and COFINS are substantially related to:</font></p>























</div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>25</font></font></td>

























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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>

























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<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>


























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<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>































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<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="margin: 0pt 0pt 12pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">ICMS in the PIS and COFINS calculation basis - </font>The balance of PIS and COFINS includes credits recorded under Laws 10,637/02 and 10,833/03, as well as amounts arising from a STF favorable decision regarding the exclusion of ICMS from the PIS and COFINS calculation basis.</font></p>
<p style="margin: 5pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Supplementary Law 192 -</font> On March 11, 2022 Supplementary Law (&#8220;LC&#8221; 192/22&#8221;) was published to reduce the tax burden of the fuel supply chain. Art. 9 of said law established the reduction of the PIS and COFINS tax rates levied on diesel, biodiesel and LPG to zero through December 31, 2022, ensuring at the same time the maintenance of credits taken across the whole supply chain.</font></p>
<p style="margin: 5pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company, through its subsidiaries, has credits in the amount of R$ 871,819 (R$ 1,088,303 as of December 31, 2023) from the LC 192/22. The Management estimates the realization of these credits within up to 5 years from the constitution date.</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Recoverable income and social contribution taxes</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Relates to IRPJ and CSLL to be recovered by the Company and its subsidiaries, arising from the tax advances of previous years, as well as referring to lawsuits on the non-levy of IRPJ and CSLL on the monetary variation (SELIC) in the repetition of undue payments. The Management estimates the realization of these credits within up to 5 years.</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>































</td>






























</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 79%; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">IRPJ and CSLL</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">463,848</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">396,405</font></p>































</td>






























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<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">183,353</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">171,051</font></p>































</td>






























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">280,495</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">225,354</font></p>































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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="Bb3_5102024115624664" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">8. Related parties</font></a></div>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">a. Parent</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; width: 21.3235%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Assets</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.47059%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; width: 21.3235%; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Liabilities</font></p>































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<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 55.7598%; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; text-align: center; width: 9.92647%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-top-width: 1px; border-top-style: solid; text-align: center; width: 1.47059%; border-top-color: #000000 !important; vertical-align: middle;" valign="middle">










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; text-align: center; width: 9.92647%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; text-align: center; width: 1.47059%; vertical-align: middle;" valign="middle">










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; text-align: center; width: 9.92647%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-top-width: 1px; border-top-style: solid; text-align: center; width: 1.47059%; border-top-color: #000000 !important; vertical-align: middle;" valign="middle">










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; text-align: center; width: 9.92647%; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>































</td>






























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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 55.7598%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Transactions with joint ventures</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.92647%; height: 17px; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.47059%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.92647%; height: 17px; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.47059%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.92647%; height: 17px; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.47059%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.92647%; height: 17px; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>






























</tr>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 55.7598%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,875</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,875</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 55.7598%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 55.7598%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Transactions with subsidiaries</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 55.7598%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">45,778</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">69,118</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">218</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,843</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 55.7598%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cia Ultragaz S.A.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26,766</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18,741</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">880</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 55.7598%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultracargo Log&#237;stica S.A.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,560</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,369</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">183</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 55.7598%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ea&#237; Clube Automobilista S.A. </font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,033</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">621</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">109</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 55.7598%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">UVC Investimentos Ltda </font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">399</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">217</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">40</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 55.7598%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">am/pm Comest&#237;veis Ltda.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,440</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,994</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">232</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 55.7598%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Others</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">230</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">52</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">84</font></p>































</td>






























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 55.7598%;" valign="bottom">
<p style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom; width: 9.92647%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">85,206</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 1.47059%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom; width: 9.92647%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">95,112</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 1.47059%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom; width: 9.92647%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">3,221</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 1.47059%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom; width: 9.92647%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">8,137</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 55.7598%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 2.8pt; border-top-style: double; background-color: #cceeff; border-top-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 2.8pt; border-top-style: double; background-color: #cceeff; border-top-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 2.8pt; border-top-style: double; background-color: #cceeff; border-top-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top-width: 2.8pt; border-top-style: double; background-color: #cceeff; border-top-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;&nbsp;</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 55.7598%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other receivables/payables</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">78,130</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">88,435</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">346</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,262</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 55.7598%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Related parties</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,076</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,677</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,875</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,875</font></p>































</td>






























</tr>






























































</table>
<p style="margin: 0px; text-indent: 0px;"><br></p>


























</div>
<div>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">b. Consolidated</font></p>
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Balances and transactions between the Company and its subsidiaries have been eliminated in consolidation and are not disclosed in this Note a.2. The balances and transactions between the Company and its subsidiaries with other related parties are highlighted below:</font></p>
























</div>























</div>























</div>
<div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>26</font></font></td>

























</tr>



















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>

























</div>
<div style="/* width: 8.5in; *//* margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 99.9182%; margin: 0px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>



























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>
































</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>



























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>



























</tr>
























































</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 357px; width: 100%; text-indent: 0px;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: middle;" valign="middle"><br></td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><font style="font-size: 8pt; font-weight: bold;">Assets</font></p>
































</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: middle;" valign="middle">
<p style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1.71569%;"><font style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
































</td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; text-align: center; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><font style="font-size: 8pt; font-weight: bold;">Liabilities</font></p>
































</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: middle;" valign="middle">
<p style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 1.71569%;"><font style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-weight: bold;">&nbsp;</font></p>
































</td>
<td colspan="3" style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><font style="font-weight: bold;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Operating</font><font style="font-family: 'times new roman', times; font-size: 8pt;"> result - Sales/(Purchases)</font></font></p>
































</td>































</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><font style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;">&nbsp;</font></p>
































</td>
<td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>
































</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><font style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;">&nbsp;</font></p>
































</td>
<td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>
































</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><font style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;">&nbsp;</font></p>
































</td>
<td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>
































</td>
<td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-color: #000000 !important;" valign="bottom">
<p style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><font style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;">&nbsp;</font></p>












































</td>
<td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>
































</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><font style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;">&nbsp;</font></p>
































</td>
<td style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; height: 10px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>
































</td>
<td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-color: #000000 !important;" valign="bottom">
<p style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><font style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;">&nbsp;</font></p>
































</td>
<td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2023</font></p>
































</td>































</tr>
<tr style="height: 31px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; height: 31px; border-top-color: #000000 !important; width: 35%;">
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Transactions with subsidiaries and joint ventures</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; height: 31px; border-top-color: #000000 !important; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; height: 31px; border-top-color: #000000 !important; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; height: 31px; border-top-color: #000000 !important; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; height: 31px; border-top-color: #000000 !important; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; height: 31px; border-top-color: #000000 !important; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; height: 31px; border-top-color: #000000 !important; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; height: 31px; border-top-color: #000000 !important; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; height: 31px; border-top-color: #000000 !important; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; height: 31px; border-top-color: #000000 !important; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; height: 31px; border-top-color: #000000 !important; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; height: 31px; border-top-color: #000000 !important; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Transactions with joint ventures</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Refinaria de Petr&#243;leo Riograndense S.A.</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">923</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">29,278</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(323,104)</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(343,450)</font></p>
































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Latitude Log&#237;stica Portu&#225;ria S.A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,804</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,393</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Navegantes Log&#237;stica Portu&#225;ria S.A.</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">27,336</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,703</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Others</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,272</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,874</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,905</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,917</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">307</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">469</font></p>
































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Transactions with other related parties</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Chevron Oronite Brasil Ltda. <font style="font-size: 8pt;"><sup>(1)</sup></font></font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">59,857</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">53,466</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(148,937)</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(128,306)</font></p>
































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Chevron Products Company <font style="font-size: 8pt;"><sup>(1)</sup></font></font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">187,415</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">63,263</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(517,282)</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(253,373)</font></p>
































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Others</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,157</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,065</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,996</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,626</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,638)</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(10,589)</font></p>
































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">50,569</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">35,035</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">254,129</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">150,570</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(992,654)</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(735,249)</font></p>
































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 2.8pt; border-top-style: double; height: 17px; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 2.8pt; border-top-style: double; height: 17px; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 2.8pt; border-top-style: double; height: 17px; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 2.8pt; border-top-style: double; height: 17px; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 2.8pt; border-top-style: double; height: 17px; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 2.8pt; border-top-style: double; height: 17px; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables (see Note 5)</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,778</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,143</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade payables (see Note 16)</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">250,613</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">147,452</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Related parties</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">44,791</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31,892</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,516</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,118</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sales and services provided</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,887</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,444</font></p>
































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Purchases</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,005,541)</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(745,693)</font></p>
































</td>































</tr>
































































</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 34px;">

<tr style="height: 17px;">
<td style="width: 3%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; height: 17px;" valign="top"><font style="text-align: justify;"><font style="font-size: 8pt;"><sup>(1)</sup></font>&nbsp;</font></td>
<td style="width: 97%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px;"><font style="text-align: justify;">Non-controlling shareholders and other related parties of Iconic.</font></td>





























</tr>
<tr style="height: 17px;">
<td style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px;" valign="top"><font style="font-size: 8pt;"><sup><font style="text-align: justify;">(2)</font></sup></font></td>
<td style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 17px;"><font style="text-align: justify;">Non-controlling shareholders and other related parties of Serra Diesel.</font></td>





























</tr>



























































</table>
<p style="line-height: 1.2;;margin:0pt"><br></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Purchase and sale transactions relate substantially to the purchase of raw materials, feedstock, transportation, and storage services based on prices and terms negotiated between the parties, with customers and suppliers with comparable operational performance.</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Key executives (Consolidated)</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Ultrapar&#8217;s compensation policy and practices are designed to align short and long-term interests with shareholders and the Company&#8217;s sustainability. The short and long-term variable compensation is linked to growth goals in results and generated economic value, aligned with shareholders&#8217; interests. Variable compensation also directs their focus to the strategic plan as approved by the Board of Directors. Short-term variable compensation is linked to annual growth goals in financial results and priority matters for the Company (through individual targets). For details about post-employment benefits see Note 17.b.</font></p>














</div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>27</font></font></td>

























</tr>



















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>

























</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="/* width: 8.5in; *//* margin: 0 auto;">
<table style="width: 99.9182%; margin: 0px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>



























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>
































</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>



























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>



























</tr>
























































</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The expenses for compensation of its key executives (Company&#8217;s directors and executive officers) are shown below: </font></p>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2023</font></p>
































</td>































</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 79%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Short-term compensation</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39,465</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">36,908</font></p>
































</td>































</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Stock compensation</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">44,480</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">22,838</font></p>
































</td>































</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Post-employment benefits</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,728</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,227</font></p>
































</td>































</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">87,673</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">61,973</font></p>
































</td>































</tr>
































































</table>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt; line-height: 1.2;"><font style="font-family: 'times new roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">d. Deferred stock plan (Consolidated)</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On April 19, 2017, the Ordinary and Extraordinary General Shareholders&#8217; Meeting (&#8220;OEGM&#8221;) approved a share-based incentive plan (&#8220;2017 Plan&#8221;), which establishes the general terms and conditions for granting of common shares issued by the Company and held in treasury, that may or may not involve the granting of usufruct of part of these shares for later transfer of the ownership of the shares, with vesting periods determined in each Program, to directors or employees of the Company or its subsidiaries. </font></p>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt; line-height: 1.2;"><font style="font-family: 'times new roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As a result of the Plan approved in 2017, common shares representing at most 1% of the Company's share capital could be delivered to the participants, which corresponded, at the date of approval of this Plan, to 11,128,102 common shares.</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">At the OEGM held on April 19, 2023, the 2017 Plan was amended, permitting that, if the participant becomes a member of the Company's Board of Directors, thus ceasing to hold any other executive position, the right to receive ownership of the shares will be preserved, maintaining the conditions and other requirements established in the applicable programs and in each agreement.</font></p>
























</div>
<div style="line-height: 1.2;">
<div>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br>The share-based incentive plan ("2023 Plan") establishes the general terms and conditions for the Company or its subsidiaries to grant common shares issued by them held in treasury, to the Management, including the members of Ultrapar's Board of Directors, or employees of the Company or of companies under its direct or indirect control, that may involve the granting of usufruct for later transfer of the ownership of the shares, subject to the terms and conditions set forth in the 2023 Plan. In the case of members of the Board of Directors, the grants will be mandatorily linked to the remuneration approved by the shareholders at the Ordinary General Shareholders&#8217; Meeting.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As a result of the 2023 Plan, common shares representing at most 5% of the Company's share capital may be delivered to the participants, which corresponded, at the date of approval of said Plan, to 55,760,215 common shares. Annually, a maximum of 1% of this limit may be used.&nbsp;</font></p>














</div>














</div>














</div>














</div>
<div style="/* width: 8.5in; *//* margin: 0 auto;">
<div>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt; line-height: 1.2;"><font style="font-family: 'times new roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>28</font></font></td>

























</tr>



















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>

























</div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<table style="width: 99.9182%; margin: 0px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>



























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt; line-height: inherit;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt; line-height: inherit;"></font></b></font></p>
































</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>



























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times; line-height: inherit;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt; line-height: inherit;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>



























</tr>
























































</table>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 12pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below summarizes the restricted and performance stock programs under the 2017 Plan and the 2023 Plan:</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Program</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Grant date</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Number of shares granted (Quantity)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Vesting period</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Fair value of shares on the grant date (in R$)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Total exercisable grant costs, including taxes (in R$ thousands)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Accumulated recognized exercisable grant costs (in R$ thousands)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Unrecognized exercisable grant costs (in R$ thousands)</font></p>
































</td>































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 13%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Restricted</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 13%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">September 19, 2018</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 80,000</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2024</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">19.58</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,697</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,697)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
































</td>































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Restricted</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">September 02, 2019</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 240,000</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2025</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16.42</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,774</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,742)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,032</font></p>
































</td>































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Restricted</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">April 1, 2020</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 39,084</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2025</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12.53</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,125</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,029)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 97</font></p>
































</td>































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Performance</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">April 1, 2020</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 55,074</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2025</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12.53</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,324</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,209)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 113</font></p>
































</td>































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Restricted</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">September 16, 2020</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 140,000</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2026</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">23.03</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,464</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,719)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,745</font></p>
































</td>































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Restricted</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">September 22, 2021</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,000,000</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2027</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14.17</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 24,093</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (12,331)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11,762</font></p>
































</td>































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Restricted</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">April 6, 2022</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 634,165</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2025</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14.16</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 16,906</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (14,110)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,796</font></p>
































</td>































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Performance</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">April 6, 2022</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 900,123</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2025</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14.16</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 23,985</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (20,404)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,581</font></p>
































</td>































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Restricted</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">September 21, 2022</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,640,000</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2032</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12.98</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 64,048</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (13,343)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 50,705</font></p>
































</td>































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Restricted</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">December 7, 2022</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,500,000</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2032</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13.47</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 37,711</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,918)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 30,794</font></p>
































</td>































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Restricted</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">April 20, 2023</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 311,324</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2025</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14.50</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,472</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,604)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,868</font></p>
































</td>































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Restricted</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">April 20, 2023</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,146,194</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2026</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14.50</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 31,039</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (15,547)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,492</font></p>
































</td>































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Performance</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">April 20, 2023</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,156,903</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2026</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14.50</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 31,320</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (15,828)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,492</font></p>
































</td>































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Restricted</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">September 20, 2023</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,800,000</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2033</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">18.75</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 132,784</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (14,392)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 118,391</font></p>
































</td>































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Restricted</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">April 17, 2024</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,495,953</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2027 to 2029</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">26.94</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 177,651</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (21,105)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 156,546</font></p>
































</td>































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Restricted</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">June 19, 2024</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 60,683</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2027</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">21.47</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,468</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (206)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,263</font></p>
































</td>































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 17,199,503</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 566,861</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (154,184)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 412,677</font></p>
































</td>































</tr>
































































</table>
<p style="margin:0pt"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 89%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Number of shares as of December 31, 2023</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 14,834,595</font></p>
































</td>
































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Shares granted during the period</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,659,195</font></p>
































</td>
































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cancellation of granted shares due to termination of executive employment</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (139,105)</font></p>
































</td>
































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Shares transferred (vesting)</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,155,182)</font></p>
































</td>
































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Number of shares as of September 30, 2024</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 17,199,503</font></p>
































</td>
































</tr>

































































</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company does not have shares that were not transferred after the period for transfer of bare ownership of the shares. For the nine-month period ended September 30, 2024, an expense in the amount of R$ 78,245 was recognized in relation to the Plan (R$ 47,134 for the period ended September 30, 2023).</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 26.95pt 8pt 0.7pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For all plans, settlements are made only with the delivery of treasury shares. The values of the grants were determined on the granting date based on the market value of these shares on B3 (the Brazilian Stock Exchange).&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>


























</div>
<div>
<div style="background-color: #002060; margin: 0pt 0pt 0pt 1.4pt; page-break-after: avoid; page-break-inside: avoid;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="Bb4_5102024115651751" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">9. Income and social contribution taxes</font></a></div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 1pt 0pt 0pt 0.7pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Deferred income (IRPJ) and social contribution taxes (CSLL)</font></p>
<p style="margin: 0pt 0pt 0pt 0.7pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 0.7pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries recognize deferred tax assets and liabilities, which are not subject to the statute of limitations, mainly resulting from provision for differences between cash and accrual basis, tax loss carryforwards and provisions for tax, civil, and labor risks. Deferred tax assets are sustained by the continued profitability of their operations. Deferred IRPJ and CSLL are recognized under the following main categories:</font></p>














</div>














</div>














</div>












</div>












</div>
<div>
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>29</font></font></td>

























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</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>

























</div>
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 99.9182%; margin: 0px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>


























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>































</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>


























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>


























</tr>






















































</table>
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 487px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 57%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Assets - deferred income and social contribution taxes on:</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for losses with assets</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">38,962</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">46,863</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provisions for tax, civil and labor risks</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">62,187</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">64,486</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">311,488</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">326,662</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for post-employment benefits</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">595</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">512</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">95,158</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">90,451</font></p>































</td>






























</tr>
<tr style="height: 22px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for differences between cash and accrual basis <font style="font-size: 8pt;"><sup>(i)</sup></font></font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,072</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,989</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Goodwill</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,194</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,976</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for asset retirement obligation</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,238</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,759</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating provisions</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,046</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,247</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">164,739</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">299,609</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for profit sharing and bonus</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,503</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,590</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">64,547</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">91,883</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,986</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,919</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">503,261</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">518,138</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Change in fair value of subscription warrants</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,566</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,566</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for deferred revenue</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">949</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">932</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other temporary differences</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17,644</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,428</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">110,561</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">104,319</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Tax losses and negative basis for social contribution carryforwards (9.d)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">77,885</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">77,453</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">664,617</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">396,601</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">175,846</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">174,201</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,991,786</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,937,748</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Offsetting liability balance</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,799)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(9,934)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(665,941)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(682,614)</font></p>































</td>






























</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net balances presented in assets</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">171,047</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">164,267</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,325,845</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,255,134</font></p>































</td>






























</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Liabilities - Deferred income and social contribution taxes on:</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>






























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,622</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,559</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">413,119</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">432,908</font></p>































</td>






























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for differences between cash and accrual basis <font style="font-size: 8pt;"><sup>(i)</sup></font></font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,375</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">167,911</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">81,293</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Change in fair value of subscription warrants</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,177</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,177</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Goodwill/negative goodwill on investments</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">28,757</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">28,717</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Business combination - fair value of assets</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">53,338</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">54,921</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other temporary differences</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">91,926</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">84,981</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,799</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,934</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">757,228</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">682,820</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Offsetting asset balance</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,799)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(9,934)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(665,941)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(682,614)</font></p>































</td>






























</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net balances presented in liabilities</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">91,287</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 0.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">206</font></p>































</td>






























</tr>






























































</table>
<p style="margin: 0pt 0pt 0pt 0.7pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 3%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><font style="font-size: 8pt;"><sup>(i)</sup></font></td>
<td style="width: 97%; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;">In the consolidated refers mainly to the income and social contribution taxes on the exchange variation of the derivative instruments.</td>
























</tr>

















































</table>























</div>
<p style="margin: 0pt; orphans: 0; widows: 0;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>30</font></font></td>

























</tr>



















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>

























</div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<table style="width: 99.9182%; margin: 0px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>


























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>































</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>


























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>


























</tr>






















































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0pt 0pt 0pt 1.4pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Changes in the net balance of deferred IRPJ and CSLL are as follows:</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>































</td>






























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 79%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Balance as of December 31, 2023</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">164,267</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,254,928</font></p>































</td>






























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Deferred IRPJ and CSLL recognized in profit (loss) for the period</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,780</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">50,827</font></p>































</td>






























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Deferred IRPJ and CSLL recognized on company acquisition</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(67,338)</font></p>































</td>






























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Deferred IRPJ and CSLL recognized in other comprehensive income</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,692)</font></p>































</td>






























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Others</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(167)</font></p>































</td>






























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Balance as of September 30, 2024</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">171,047</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,234,558</font></p>































</td>






























</tr>






























































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


























</div>
<div style="margin: 0px; text-indent: 0px; line-height: 1.2;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">b. Reconciliation of income and social contribution taxes on profit or loss</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">IRPJ and CSLL are reconciled to the statutory tax rates as follows:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 269px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 47.9167%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px; width: 25.2451%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px; width: 25.2451%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 47.9167%; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; height: 17px; width: 11.8873%; border-top-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; height: 17px; width: 1.47059%; border-top-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; height: 17px; width: 11.8873%; border-top-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2023</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1.47059%; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; height: 17px; width: 11.8873%; border-top-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; height: 17px; width: 1.47059%; border-top-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; height: 17px; width: 11.8873%; border-top-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2023</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 47.9167%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income before taxes</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,526,710</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,357,427</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,354,629</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,941,647</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 47.9167%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Statutory tax rates - %</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">34</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">34</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">34</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">34</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 47.9167%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income and social contribution taxes at the statutory tax rates</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(519,081)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(461,525)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(800,574)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(660,160)</font></p>































</td>






























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 47.9167%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjustment to the statutory income and social contribution taxes:</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 47.9167%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Nondeductible expenses </font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,189)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,495)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(10,683)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(8,374)</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="font-size: 8pt;">
<p style="font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-size: 10pt;">Nontaxable revenues</font> <font style="font-size: 8pt;"><sup>(i)</sup></font></font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">414</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,939</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20,105</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">79,864</font></p>































</td>






























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 47.9167%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjustment to estimated income</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,658</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,215</font></p>































</td>






























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 47.9167%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Unrecorded deferred income and social contribution tax carryforwards</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(10,842)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(13,660)</font></p>































</td>






























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 47.9167%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit (loss) of subsidiaries, joint ventures and associates</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">512,872</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">468,602</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,080)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,983</font></p>































</td>






























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 47.9167%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest on capital</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,901</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>






























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 47.9167%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other adjustments</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: #000000 !important; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,245</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: #000000 !important; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(30,153)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: #000000 !important; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(17,010)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: #000000 !important; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(8,682)</font></p>































</td>






























</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 47.9167%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income and social contribution taxes before tax incentives</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 18px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5,739)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 18px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(16,632)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 18px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(784,525)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 18px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(604,814)</font></p>































</td>






























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 47.9167%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Tax incentives &#8211; SUDENE (9.c)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: #000000 !important; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: #000000 !important; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: #000000 !important; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">74,977</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: #000000 !important; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">66,926</font></p>































</td>






























</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 47.9167%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income and social contribution taxes in the statement of income</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 18px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5,739)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 18px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(16,632)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 18px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(709,548)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 18px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(537,888)</font></p>































</td>






























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 47.9167%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(12,519)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(22,559)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(760,375)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(814,078)</font></p>































</td>






























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 47.9167%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Deferred</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,780</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,927</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">50,827</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">276,190</font></p>































</td>






























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 47.9167%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Effective IRPJ and CSLL rates - %</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.4%</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1.2%</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">30.1%</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">27.7%</font></p>































</td>






























</tr>






























































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 3%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><font style="font-size: 8pt;"><sup><font style="text-align: justify;">(i)</font></sup></font></td>
<td style="width: 97%; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: justify;" valign="top"><font style="text-align: justify; line-height: inherit;">Consist of certain gains and income that are not taxable &#8203;under applicable tax legislation, such as the reimbursement of taxes, tax incentives, installments and the reversal of certain provisions, as well as recovery of tax credits and amounts related to non-taxation of the income and social contribution taxes on the monetary variation (SELIC) in the repetition of undue tax lawsuits.</font></td>
























</tr>

















































</table>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Tax incentives &#8211; SUDENE</font></p>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The subsidiaries Bahiana and Ultracargo Log&#237;stica have the benefit of income tax reduction for belonging to the sectors of the economy considered priority for the subsidized areas, under the terms of the development program of the region operated by the Superintendence for the Development of the Northeast (&#8220;SUDENE&#8221;), with a 75% decrease in the income tax basis.</font></p>
























</div>























</div>
<p style="margin: 0pt 0pt 0pt 1.4pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;">&nbsp;</font></font></p>























</div>
<div style="margin: 0px; text-indent: 0px;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>31</font></font></td>

























</tr>



















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>

























</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="margin: 0px; text-indent: 0px;">
<table style="width: 99.9182%; margin: 0px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>


























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>































</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>


























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>


























</tr>






















































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;"><br></font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">d. Tax losses and negative basis for social contribution carryforwards </font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of September 30, 2024, the Company and certain subsidiaries had tax loss carryforwards related to income tax (IRPJ) and social contribution (CSLL), whose annual offsets are limited to 30% of taxable income in a given tax year, which do not expire.</font></p>


























</div>
<div style="margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><br></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The balances comprising deferred taxes related to income tax loss carryforwards and negative basis of social contribution are as follows:</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 129px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 79%; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Oil Trading</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 76,697</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 84,372</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;<font style="font-size: 8pt; line-height: inherit;"><sup>(i)</sup></font>&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 77,885</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 77,453</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Abastece a&#237; Clube</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 118,619</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 91,861</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 300,409</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 97,071</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo Solu&#231;&#245;es Log&#237;stica</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 35,458</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 30,652</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 55,549</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,192</font></p>































</td>































</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 664,617</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 396,601</font></p>































</td>































</tr>































































</table>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="vertical-align: super; font-size: 8pt; line-height: inherit;">(i)</font> Include the amount of R$ 27,798 of deferred taxes recognized on the tax loss of subsidiary Ultrapar International as of September 30, 2024 (R$ 25,884 as of December 31, 2023).</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The balances which are not constituted of deferred taxes related to income tax loss carryforwards and negative basis of social contribution are as follows:</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 91px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>































</td>































</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 79%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Neog&#225;s</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 44,848</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 45,333</font></p>































</td>































</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Integra Frotas</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,443</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,335</font></p>































</td>































</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Stella</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,567</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,634</font></p>































</td>































</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Millennium</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,709</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,539</font></p>































</td>































</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,561</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 461</font></p>































</td>































</tr>
<tr style="height: 15.4pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 87,128</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 76,302</font></p>































</td>































</tr>































































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">e. Non-levy of IRPJ/CSLL on the update by Selic of tax undue payments received from the Federal Government </font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries have lawsuits claiming the non-levy of IRPJ and CSLL on monetary variation (SELIC) on tax credits. On September 27, 2021, the Federal Supreme Court (&#8220;STF&#8221;) judged that the levy of IRPJ and CSLL on amounts related to monetary variation (SELIC) received by taxpayers in the repetition of undue tax payments is unconstitutional. The Company and its subsidiaries have registered credits of this nature in the amount of R$ 141,989 as of September 30, 2024 (R$ 143,147 as of December 31, 2023).</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="Bb5_510202411576464" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">10. Contractual assets with customers - exclusivity rights (Consolidated)</font></a></div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Refers to exclusivity rights reimbursements of Ipiranga&#8217;s agreements with reseller service stations that are recognized at the time of their occurrence and recognized as reductions of the revenue from sales and services on profit or loss according to the conditions established in the agreement.</font></p>


























</div>
<div style="margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><br></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Changes are shown below:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 106px;" width="100%">

<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 90%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of December 31, 2023</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,262,508</font></p>































</td>






























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Additions</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">339,627</font></p>































</td>






























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Amortization</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(402,804)</font></p>































</td>






























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Transfers</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(56,789)</font></p>































</td>






























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of September 30, 2024</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,142,542</font></p>































</td>






























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">743,951</font></p>































</td>






























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Non-current</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,398,591</font></p>































</td>






























</tr>






























































</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</div>























</div>























</div>
<div style="margin: 0px; text-indent: 0px;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>32</font></font></td>

























</tr>



















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>

























</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="margin: 0px; text-indent: 0px;">
<table style="width: 99.9182%; margin: 0px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>


























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>































</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>


























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>


























</tr>






















































</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="Bb6_5102024115716360" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">11. Investments in subsidiaries, joint ventures and associates </font></a></div>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The table below presents the positions of equity and income (loss) for the period by company:</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 365px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>































</td>































</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Equity </font></p>































</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Income (loss) for the period </font></p>































</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Interest in share capital - %</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Investments</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Share of profit (loss) of subsidiaries, joint ventures and associates</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2023</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 28%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Subsidiaries</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 10%; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 10%; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 10%; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 7.5pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar Log&#237;stica Ltda.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,746,762</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">269,203</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100.00</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,746,762</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,745,326</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">269,203</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">231,546</font></p>































</td>































</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 7.5pt; line-height: 1.2;"><font style="vertical-align: super; line-height: inherit;">Ipiranga Produtos de Petr&#243;leo S.A. <font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(v)</font></font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,216,020</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">551,028</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 7.5pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar International S.A.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(59,632)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,782)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100.00</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(59,632)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(54,850)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,782)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,213</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 7.5pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">UVC</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">38,946</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5,021)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100.00</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">38,946</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39,917</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5,021)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,904)</font></p>































</td>































</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 7.5pt; line-height: 1.2;"><font style="/* vertical-align: super; */line-height: inherit;">Centro de Conveni&#234;ncias Millennium Ltda. <font style="vertical-align: super; line-height: inherit;">(iv)</font></font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5,249)</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 7.5pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ea&#237; Clube Automobilista S.A.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">168,602</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(38,953)</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 7.5pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultragaz Participa&#231;&#245;es Ltda.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">372,263</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,004,960</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">372,263</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">621,500</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 7.5pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Companhia Ultragaz S.A.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,418,378</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">233,877</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">99.99</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,418,170</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">233,855</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 7.5pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">UVC Investimentos Ltda.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(348)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">516</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100.00</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(348)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(862)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">516</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(35)</font></p>































</td>































</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 7.5pt; text-indent: 0.75pt;"><font style="/* vertical-align: super; */line-height: inherit;">Imaven Im&#243;veis Ltda. <font style="vertical-align: super; font-size: 8pt;">(ii)</font></font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">55,112</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,316</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100.00</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">55,112</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">52,796</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,316</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,121</font></p>































</td>































</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 7.5pt; text-indent: 0.75pt;"><font style="vertical-align: super; line-height: inherit;">Ultrapar Mobilidade Ltda. <font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(*) (iii) (v)</font></font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,126,910</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">653,719</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100.00</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,126,910</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">59,403</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">653,719</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(68)</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Joint ventures</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 8.9pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,637</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(319)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">50.00</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,319</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,478</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(161)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(25)</font></p>































</td>































</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 7.5pt; text-indent: 0.75pt;"><font style="/* vertical-align: super; */line-height: inherit;">Refinaria de Petr&#243;leo Riograndense S.A. <font style="vertical-align: super; font-size: 8pt; line-height: inherit;">(i)</font></font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">63,873</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(40,544)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33.20</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">21,210</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31,553</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(13,462)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,068</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 8.9pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 8.9pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total (A)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">14,350,449</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">12,266,343</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,508,446</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,378,242</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 8.9pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total provision for equity deficit (B)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(59,980)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(55,712)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 8.9pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total investments (A-B)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">14,410,429</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">12,322,055</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>































</tr>































































</table>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The percentages in the table above are rounded. </font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


























</div>
<div style="margin: 0px; text-indent: 0px; line-height: 1.2;">
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 5.94118%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><font style="font-size: 8pt;"><sup>(*)</sup></font></td>
<td style="width: 94.0588%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top">Amounts adjusted for unrealized profits in equity and income for the period.</td>




























</tr>
<tr>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; width: 5.94118%;" valign="top"><font style="font-size: 8pt;"><sup><font style="text-indent: -18.9333px;">(i)</font></sup></font></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; width: 94.0588%;" valign="top"><font style="text-indent: -18.9333px; line-height: inherit;">Investment considers capital loss balances of R$ 10,090 as of September 30, 2024 (R$ 10,627 as of December 31, 2023).</font></td>




























</tr>
<tr>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; width: 5.94118%;" valign="top"><font style="font-size: 8pt;"><sup><font style="text-indent: -18.9333px;">(ii)</font></sup></font></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: justify; width: 94.0588%;" valign="top"><font style="text-indent: -18.9333px; line-height: inherit;">On April 28, 2023, Imaven Im&#243;veis Ltda. carried out a partial spin-off of its equity, where the spun-off portion was merged into subsidiary Ipiranga Produtos de Petr&#243;leo S.A. On May 1, 2023, Ultrapar acquired the total shares of Imaven Im&#243;veis Ltda. of its subsidiary Ipiranga Produtos de Petr&#243;leo S.A.</font></td>




























</tr>
<tr>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; width: 5.94118%;" valign="top"><font style="font-size: 8pt;"><sup><font style="text-indent: -18.9333px;">(iii)</font></sup></font></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; width: 94.0588%;" valign="top"><font style="text-indent: -18.9333px;">Company established on February 28, 2023 with the purpose of holding interests in other companies.</font></td>




























</tr>
<tr>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; width: 5.94118%;" valign="top"><font style="font-size: 8pt;"><sup><font style="text-indent: -18.9333px;">(iv)</font></sup></font><font style="text-indent: -18.9333px;">&nbsp;</font></td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; text-align: justify; width: 94.0588%;" valign="top"><font style="text-indent: -18.9333px; line-height: inherit;">On October 2, 2023, the Company transferred all shares in Centro de Conveni&#234;ncias Millennium Ltda. to its subsidiary Ultrapar Mobilidade Ltda., as a capital contribution.</font></td>




























</tr>
<tr>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; width: 5.94118%;" valign="top"><font style="font-size: 8pt;"><sup><font style="text-indent: -18.9333px;">(v)</font></sup></font></td>
<td style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; vertical-align: top; text-align: justify; width: 94.0588%;" valign="top"><font style="text-indent: -18.9333px; line-height: inherit;">On January 2, 2024, the Company transferred all shares in Ipiranga Produtos de Petr&#243;leo S.A. to its subsidiary Ultrapar Mobilidade Ltda., as a capital contribution.</font></td>
























</tr>

















































</table>
























</div>























</div>























<br></div>
<div style="margin: 0px; text-indent: 0px;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>33</font></font></td>

























</tr>



















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>

























</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="margin: 0px; text-indent: 0px;">
<table style="width: 99.9182%; margin-left: 0.1px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>


























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>































</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>


























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>


























</tr>






















































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br></p>


























</div>
<div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 569px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>































</td>































</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 44px; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Equity </font></p>































</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 44px; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Income (loss) for the period </font></p>































</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 44px; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Interest in share capital - %</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Investments</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 34px;">
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Share of profit (loss) of subsidiaries, joint ventures and associates</font></p>































</td>































</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 10px; border-top-color: #000000 !important;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2023</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 28%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Joint ventures</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; width: 10%; border-top-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; width: 10%; border-top-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; width: 10%; border-top-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 9.9pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Uni&#227;o Vopak &#8211; Armaz&#233;ns Gerais Ltda</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">804</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,196)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">50.00</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">402</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,550</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(598)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,690</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 9.9pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Refinaria de Petr&#243;leo Riograndense S.A.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">63,873</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(40,544)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33.20</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">21,208</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31,553</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(13,462)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,067</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 9.9pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Latitude Log&#237;stica Portu&#225;ria S.A.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,143</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,861)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">50.00</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,071</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,002</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,931)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(233)</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 9.9pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Navegantes Log&#237;stica Portu&#225;ria S.A.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">28,936</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(18,574)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33.33</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,645</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,836</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,191)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,666)</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 9.9pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Nordeste Log&#237;stica I S.A.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,176</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,216)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33.33</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,392</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,071</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(739)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">343</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 9.9pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Nordeste Log&#237;stica II S.A.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">55,756</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,107</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33.33</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18,585</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17,216</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,369</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,935)</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 9.9pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Nordeste Log&#237;stica III S.A.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">55,286</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,773</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33.33</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18,429</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18,004</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">591</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">779</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 9.9pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,637</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(319)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">50.00</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,319</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,478</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(159)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(26)</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 9.9pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Terminal de Combust&#237;veis Paul&#237;nia S.A. ("Opla")</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">117,101</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,038</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">50.00</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">58,551</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">54,155</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,019</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,095</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 9.9pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other investments</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">265</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">349</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Associates</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>































</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="line-height: inherit; margin: 0pt 0pt 0pt 12pt; text-indent: 0.75pt;"><font style="line-height: inherit;">Hidrovias do Brasil S.A. <font style="line-height: inherit;">(i)</font></font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,426,855</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">22,791</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39.98</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">570,457</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,112</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 12pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Transportadora Sulbrasileira de G&#225;s S.A.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17,669</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,039</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25.00</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,417</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,978</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,510</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,572</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 12pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Metal&#250;rgica Plus S.A.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(972)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(203)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33.33</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(324)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(256)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(68)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(73)</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 12pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Plenog&#225;s Distribuidora de G&#225;s S.A.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,032</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,919</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33.33</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,011</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">497</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">577</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">101</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 12pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other investments</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">52</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>































</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Goodwill on investments</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Terminal de Combust&#237;veis Paul&#237;nia S.A. ("Opla")</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">117,306</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">158,634</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Hidrovias do Brasil S.A.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">757,895</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Fair value adjustment on investments</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Terminal de Combust&#237;veis Paul&#237;nia S.A. ("Opla")</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39,238</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,089)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Advances for investments</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>































</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="line-height: inherit; margin: 0pt 0pt 0pt 12pt; text-indent: 0.75pt;"><font style="line-height: inherit;">Advances for investments - P&#227;o de A&#231;&#250;car Group stations <font style="line-height: inherit;">(ii)</font></font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">90,000</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>































</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 6.4pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total (A)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,719,919</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">318,100</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(9,059)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">11,714</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 6.4pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total provision for equity deficit (B)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(324)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(256)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#8208;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#8208;</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 6.4pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total investments (A-B)</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,720,243</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">318,356</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>































</tr>































































</table>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The percentages in the table above are rounded.</font></p>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman'; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 3%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><font style="font-size: 8pt;"><sup><font style="text-align: justify; text-indent: -18.4667px;">(i)</font></sup></font></td>
<td style="width: 97%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: justify;"><font style="text-align: justify; text-indent: -18.4667px; line-height: inherit;">The share of profit (loss) of the associate is recorded with a 2-month lag as from May 2024, the date on which the Company began to hold significant influence in Hidrovias. For further information, see Note 28.</font></td>




























</tr>
<tr>
<td style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; vertical-align: top;" valign="top"><font style="font-size: 8pt;"><sup><font style="text-align: justify; text-indent: -18.4667px;">(ii)</font></sup></font></td>
<td style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; text-align: justify;"><font style="text-align: justify; text-indent: -18.4667px; line-height: inherit;">The amount refers to the advance for the acquisition of P&#227;o de A&#231;&#250;car Group service stations by the subsidiary Centro de Conveni&#234;ncias Millenium Ltda. For further information, see Note 1.b.3.</font></td>




























</tr>

























































</table>
























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<div>
<p style="margin: 0px; text-indent: 0px;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>34</font></font></td>

























</tr>



















































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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>

























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</div>
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 99.9182%; margin-left: 0.1px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>


























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>































</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>


























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>


























</tr>






















































</table>
<div style="line-height: 1.2;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The financial position and income of subsidiaries which have relevant non-controlling interests is shown below:</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 139px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td colspan="8" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>































</td>































</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 34px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Proportion of interest in share capital and voting rights held by non-controlling interests</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 34px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Equity attributable to non-controlling interests</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 34px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Income allocated to non-controlling interests for the period</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2024</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">09/30/2023</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 38%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Subsidiaries</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">%</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">%</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 11.05pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 1.15pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Iconic Lubrificantes S.A.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">44%</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">44%</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">492,879</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">477,710</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">120,432</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">58,991</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 11.05pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 1.15pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">WTZ Participa&#231;&#245;es S.A.</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">48%</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">86,961</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>































</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt 0pt 0pt 11.05pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 1.15pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other investments</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">64,810</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">45,621</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,678</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,973</font></p>































</td>































</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 30pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 1.15pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">644,650</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">523,331</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">124,110</font></p>































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">62,964</font></p>































</td>































</tr>































































</table>


























</div>
<div>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Balances and changes in investments in subsidiaries, joint ventures and associates are as follows:</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 474px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td colspan="5" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td colspan="7" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>































</td>































</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Subsidiaries</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-top-width: 1px; border-top-style: solid; height: 10px; border-top-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Joint ventures</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-top-width: 1px; border-top-style: solid; height: 10px; border-top-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Total</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Joint ventures</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-top-width: 1px; border-top-style: solid; height: 10px; border-top-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Associates </font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-top-width: 1px; border-top-style: solid; height: 10px; border-top-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Advances</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-top-width: 1px; border-top-style: solid; height: 10px; border-top-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Total</font></p>































</td>































</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom; width: 38%;" valign="bottom">
<p style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of December 31, 2022 </font><font style="vertical-align: super; font-size: 8pt;">(i)</font></font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,141,736</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">28,705</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,170,441</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">106,843</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,384</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom; width: 1%;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom; width: 8%;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">111,227</font></p>































</td>































</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit (loss) of subsidiaries, joint ventures and associates <font style="font-size: 8pt;"><sup>(*)</sup></font></font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,482,877</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,627</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,490,504</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,840</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,068</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,908</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividends</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,782,516)</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,196)</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,784,712)</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(11,072)</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,200)</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(13,272)</font></p>































</td>































</tr>
<tr style="height: 19px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p><font style="/* vertical-align: super; */line-height: inherit;">Equity instrument granted <font style="vertical-align: super; font-size: 8pt;">(ii)</font></font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,598</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,598</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">899</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">899</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Accumulated other comprehensive income</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(7,163)</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">895</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,268)</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Capital increase in cash</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">422,886</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">422,886</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Shareholder transactions - changes of interest</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">168</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">168</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; line-height: 1.2;"><font style="line-height: inherit;">Acquisition of Imaven Im&#243;veis Ltda.</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">60,930</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">60,930</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>































</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; line-height: 1.2;"><font style="line-height: inherit;">Acquisition of Terminal de Combust&#237;veis Paul&#237;nia S.A. ("Opla")</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">210,096</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">210,096</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Capital decrease</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,093,204)</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,093,204)</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,100)</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,100)</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other movements</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; background-color: #cceeff; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; background-color: #cceeff; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; background-color: #cceeff; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; background-color: #cceeff; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">342</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; background-color: #cceeff; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; background-color: #cceeff; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; background-color: #cceeff; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">342</font></p>































</td>































</tr>
<tr style="height: 18px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Balance as of December 31, 2023</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,231,312</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,031</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,266,343</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">313,848</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,252</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">318,100</font></p>































</td>































</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 1.2;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-size: 10pt; line-height: inherit;">Share of profit (loss) of subsidiaries, joint ventures and associates</font> <sup>(*)</sup></font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,522,069</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(13,623)</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,508,446</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(18,101)</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,131</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 34px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,970)</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amortization of fair value adjustments</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,089)</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,089)</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividends</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(200,000)</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(200,000)</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,196)</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,196)</font></p>































</td>































</tr>
<tr style="height: 19px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="line-height: inherit;"><font style="/* vertical-align: super; */line-height: inherit;">Equity instrument granted <font style="vertical-align: super; font-size: 8pt;">(ii)</font></font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20,975</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20,975</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,228</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,228</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Accumulated other comprehensive income</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">32,558</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,114</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,672</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,114</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25,475</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">28,589</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Capital increase in cash</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">585,335</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">585,335</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Capital increase in shares</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">133,552</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">133,552</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Capital decrease in shares</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(522)</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(522)</font></p>































</td>































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Advances for investments - GPA stations</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">90,000</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">90,000</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 4px; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Acquisition of shares of Hidrovias do Brasil S.A.</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">647,201</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">647,201</font></p>































</td>































</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: 1.2;"><font style="line-height: inherit;">Transfers of financial assets to investments <font style="line-height: inherit;">(iii)</font></font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">645,333</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 19px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">645,333</font></p>































</td>































</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other movements</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">119</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">126</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">161</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">84</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">245</font></p>































</td>































</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="font-weight: bold; line-height: 1.2;"><font style="font-weight: bold; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Balance as of September 30, 2024 </font><font style="font-weight: bold; line-height: inherit;">(i)</font></font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; background-color: #cceeff; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,325,920</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; background-color: #cceeff; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">24,529</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; background-color: #cceeff; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,350,449</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; background-color: #cceeff; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">296,411</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; background-color: #cceeff; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,333,508</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; background-color: #cceeff; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">90,000</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; background-color: #cceeff; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,719,919</font></p>































</td>































</tr>































































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; height: 68px;">

<tr style="height: 17px;">
<td style="vertical-align: top; width: 3%; height: 17px;" valign="top"><font style="font-size: 8pt;"><sup><font style="text-align: justify;">(*)</font></sup></font></td>
<td style="margin: 0px; text-indent: 0px; width: 97%; height: 17px;"><font style="text-align: justify;">Adjusted for unrealized profits between subsidiaries.</font></td>



</tr>
<tr style="height: 17px;">
<td style="vertical-align: top; height: 17px; width: 3%;" valign="top"><font style="font-size: 8pt;"><sup><font style="text-indent: -19.6667px;">(i)</font></sup></font></td>
<td style="height: 17px; width: 97%;"><font style="text-indent: -19.6667px;">Investments in subsidiaries, joint ventures and associates net of provision for equity deficit.</font></td>



</tr>
<tr style="height: 17px;">
<td style="vertical-align: top; height: 17px; width: 3%;" valign="top"><font style="font-size: 8pt;"><sup><font style="text-indent: -19.6667px;">(ii)</font></sup></font></td>
<td style="height: 17px; width: 97%;"><font style="text-indent: -19.6667px;">Amounts refer to grants of long-term incentives in subsidiaries Ultrapar Mobilidade, Ultragaz Participa&#231;&#245;es and Ultrapar Log&#237;stica.</font></td>



</tr>
<tr>
<td style="vertical-align: top; width: 3%;"><sup><font style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -19.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iii)</font></sup></td>
<td style="width: 97%;"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amounts refer to the acquisition of stake in&nbsp;</font>Hidrovias<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;do&nbsp;</font>Brasil<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;S.A. For further details, see Note 28.c.</font></font><br></td>



</tr>
































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br></p>























</div>























</div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>35</font></font></td>

























</tr>



















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>













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</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
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<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>






















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<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>



























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>






















</tr>
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<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>






















</tr>














































</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><br></font></p>
<div style="background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BN12_510202414475578" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">12. Right-of-use assets and leases payable (Consolidated)</font></a></div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and certain subsidiaries have real estate leases, substantially related to: (i) Ipiranga: fuel stations and distribution bases; (ii) Ultragaz: points of sale and bottling bases; (iii) Ultracargo: port areas and (iv) Company: offices. The Company and certain subsidiaries also have lease agreements relating to vehicles.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-style: italic;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;">a. Right-of-use assets</font></font></p>
<ul>
<li style="font-family: Symbol; font-size: 12pt; margin: 0pt 0pt 0pt 28.52pt; orphans: 0; padding-left: 7.48pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Consolidated</font>&nbsp;</li>























</ul>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 259px; width: 99.3469%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 23.5512%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 8.75462%;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Weighted average useful life (years)</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.10974%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.74106%;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance as of 12/31/2023</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 1.47965%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important; width: 9.98767%;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><font style="font-weight: bold; line-height: inherit;"><font style="font-weight: bold; line-height: inherit; font-size: 8pt;"><font style="font-weight: bold; line-height: inherit;">Additions and remeasurement</font> </font><font style="font-weight: bold; line-height: inherit;"><sup><font style="font-weight: bold; line-height: inherit;">(i)</font></sup></font></font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 1.47965%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.74106%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Write-offs</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 1.47965%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.61776%;" valign="bottom">
<p style="font-weight: bold; line-height: inherit;"><font style="font-weight: bold; line-height: inherit; font-size: 8pt;"><font style="font-weight: bold; line-height: inherit;">Transfers </font><sup><font style="font-weight: bold; line-height: inherit;">(ii)</font></sup></font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 1.47965%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.86436%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Amortization</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; width: 1.47965%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.86436%;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance as of 09/30/2024</font></p>
























</td>




















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 23.5512%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cost:</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8.75462%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 1.10974%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.98767%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.61776%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>




















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.5512%;">
<p style="margin: 0pt 0pt 0pt 2.7pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Real estate</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8.75462%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.10974%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,998,866</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.98767%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">163,389</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(139,560)</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.61776%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,022,695</font></p>
























</td>




















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 23.5512%;">
<p style="margin: 0pt 0pt 0pt 2.7pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Port areas</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8.75462%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">32</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1.10974%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">314,964</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.98767%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,703</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.61776%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">26,750</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">344,417</font></p>
























</td>




















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.5512%;">
<p style="margin: 0pt 0pt 0pt 2.7pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Vehicles</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8.75462%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.10974%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">270,388</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.98767%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">110,232</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(55,390)</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.61776%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">325,230</font></p>
























</td>




















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 23.5512%;">
<p style="margin: 0pt 0pt 0pt 2.7pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Equipment</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8.75462%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1.10974%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">38,278</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.98767%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">415</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,968)</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.61776%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">34,725</font></p>
























</td>




















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.5512%;">
<p style="margin: 0pt 0pt 0pt 2.7pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8.75462%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">20</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.10974%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">27,846</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.98767%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.61776%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">27,846</font></p>
























</td>




















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 23.5512%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 8.75462%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1.10974%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,650,342</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.98767%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">276,739</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(198,918)</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.61776%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">26,750</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,754,913</font></p>
























</td>




















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.5512%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Accumulated amortization:</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8.75462%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.10974%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.98767%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
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</td>
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</td>
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</td>
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</td>
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</td>
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</td>




















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 23.5512%;">
<p style="margin: 0pt 0pt 0pt 5.5pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Real estate</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8.75462%;">
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(753,198)</font></p>
























</td>
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</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.98767%;">
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</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47965%;">
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</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">83,993</font></p>
























</td>
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</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.61776%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,312)</font></p>
























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</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(151,237)</font></p>
























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</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(823,754)</font></p>
























</td>




















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.5512%;">
<p style="margin: 0pt 0pt 0pt 5.5pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Port areas</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8.75462%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.74106%;">
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</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.98767%;">
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</td>
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</td>
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</td>
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</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.86436%;">
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</td>
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</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.86436%;">
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</td>




















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 23.5512%;">
<p style="margin: 0pt 0pt 0pt 5.5pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Vehicles</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8.75462%;">
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</td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.74106%;">
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</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.98767%;">
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</td>
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</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">20,523</font></p>
























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</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.61776%;">
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</td>
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</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.86436%;">
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</td>
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</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.86436%;">
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</td>




















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.5512%;">
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</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8.75462%;">
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.74106%;">
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</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.98767%;">
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</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.74106%;">
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</td>
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</td>
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</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.86436%;">
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</td>
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</td>




















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 23.5512%;">
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</td>
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</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.61776%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,802)</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(28,649)</font></p>
























</td>




















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.5512%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8.75462%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.10974%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(938,816)</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.98767%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">108,454</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.61776%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,312)</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(230,157)</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,063,831)</font></p>
























</td>




















</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 23.5512%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net amount</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 8.75462%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px; width: 1.10974%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,711,526</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.98767%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">276,739</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.74106%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(90,464)</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.61776%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">23,438</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(230,157)</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 1.47965%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.86436%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,691,082</font></p>
























</td>




















</tr>













































</table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><br></p>
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 36px;">

<tr style="height: 17px;">
<td style="width: 3%; vertical-align: top; text-align: right; height: 17px;" valign="top"><sup><font style="width: 3%; vertical-align: top;"><font style="width: 3%; vertical-align: top;">(i)</font></font></sup></td>
<td style="width: 97%; height: 17px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -14.5333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Considers R$ 273,778 referring to additions and remeasurements between right-of-use assets and leases payable.</font></td>























</tr>
<tr style="height: 19px;">
<td valign="top" style="vertical-align: top; text-align: right; height: 19px; width: 3%;"><sup>(ii)</sup></td>
<td style="text-align: justify; height: 19px; width: 97%; padding: 0px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -14.5333px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Refers to the amortization of the right of use, which is being capitalized as Construction in progress until the beginning of its operation.</font></td>























</tr>















































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; vertical-align: super; line-height: inherit;">&nbsp;</font></p>


















</div>






















</div>
<div style="line-height: 1.2; margin: 0px; text-indent: 0px;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>36</font></font></td>






















</tr>













































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>






















</div>
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 99.9182%; margin-left: 0.1px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>






















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>



























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>






















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>






















</tr>














































</table>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Leases payable</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The changes in leases payable are shown below:</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 131px; width: 100%;" width="100%">

<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 90%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of December 31, 2023</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,523,935</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Interest accrued</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 100,548</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Payments of leases</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (211,344)</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Interest payment</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (115,074)</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Additions and remeasurement</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 273,778</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Write-offs</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (82,561)</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of September 30, 2024</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,489,282</font></p>
























</td>























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 321,125</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Non-current</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,168,157</font></p>
























</td>























</tr>
















































</table>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The undiscounted future cash outflows are presented below:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 110px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>
























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 79%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Up to 1 year</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">422,286</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">418,450</font></p>
























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1 to 2 years</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">278,579</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">322,165</font></p>
























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2 to 3 years</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">237,067</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">227,785</font></p>
























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3 to 4 years</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">190,634</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">189,744</font></p>
























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4 to 5 years</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">161,910</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">147,977</font></p>
























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">More than 5 years</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">941,222</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,003,655</font></p>
























</td>
























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,231,698</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,309,776</font></p>
























</td>
























</tr>

















































</table>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The contracts related to the leases payable are substantially indexed by the IGP-M (General Market Price Index is a measure of Brazilian inflation, calculated by the Get&#250;lio Vargas Foundation).</font></p>


















</div>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>37</font></font></td>






















</tr>













































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>






















</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.2; margin: 0px; text-indent: 0px;">
<table style="font-size: 10pt; width: 99.9182%; margin-left: 0.1px; height: 44px; border-collapse: collapse; font-family: 'times new roman';">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>



















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>



















</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>



















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>



















</tr>







































</table>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b.1. Discount rates</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The weighted nominal average discount rates for the lease contracts of the Company are:</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 80px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Contracts by maturity date and discount rate</font></p>
























</td>
























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Maturity dates of the contracts</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-top-color: #000000 !important;">
<p style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-color: #000000 !important; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Rate (% p.a.)</font></p>
























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 90%; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">From 1 to 5 years</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10.47%</font></p>
























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">From 6 to 10 years</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10.08%</font></p>
























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">From 11 to 15 years</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9.62%</font></p>
























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">More than 15 years</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9.63%</font></p>
























</td>
























</tr>

















































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br></p>























</div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Effects of inflation and potential right of recoverable Pis and Cofins - disclosures required by the CVM in the letter SNC/SEP 02/2019</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The effects of inflation for the period ended September 30, 2024 are as follows:</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Right-of-use asset, net</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 90%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Nominal base</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,691,082</font></p>
























</td>
























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Inflated base</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,071,673</font></p>
























</td>
























</tr>
<tr style="height: 12.2pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="color: #323130; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">22.5%</font></p>
























</td>
























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="color: #323130; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Leases payable</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Nominal base</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,489,282</font></p>
























</td>
























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Inflated base</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,951,354</font></p>
























</td>
























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="color: #323130; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">31.0%</font></p>
























</td>
























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="color: #323130; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Financial expenses</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Nominal base</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100,548</font></p>
























</td>
























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Inflated base</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">131,123</font></p>
























</td>
























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="color: #323130; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">30.4%</font></p>
























</td>
























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="color: #323130; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="color: #323130; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Amortization expense</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Nominal base</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">230,157</font></p>
























</td>
























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Inflated base</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">268,018</font></p>
























</td>
























</tr>
<tr style="height: 12.5pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="color: #323130; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16.5%</font></p>
























</td>
























</tr>

















































</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The possible credits of PIS and COFINS on payments of leases, calculated based on the rate of 9.25% according to the Brazilian tax legislation for the period ended September 30, 2024 are presented below:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Potential right of recoverable PIS and COFINS</font></p>
























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 90%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash flow at present value</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">137,759</font></p>
























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Nominal cash flow</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">206,432</font></p>
























</td>
























</tr>

















































</table>



















</div>


















</div>


















</div>
<div style="line-height: 1.2;">
<p style="margin: 0pt;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>38</font></font></td>






















</tr>













































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>






















</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.2;">
<table style="width: 99.9182%; margin-left: 0.1px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>






















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>



























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>






















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>






















</tr>














































</table>
<p style="margin:0pt"><br></p>























</div>
<div style="line-height: 1.1;">
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BN13_5102024144741470" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">13. Property, plant, and equipment (Consolidated)</font></a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 275px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; text-align: center; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Weighted average useful life (years)</font></td>
<td style="padding-left: 0px; padding-right: 0px; text-align: center; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; text-align: center; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Balance as of 12/31/2023</font></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; text-align: center; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; text-align: center; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" colspan="2" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Additions</font></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; text-align: center; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; text-align: center; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Depreciation</font></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; text-align: center; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; text-align: center; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><font style="font-size: 8pt;"><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold; line-height: inherit;">Transfers&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold; vertical-align: super; line-height: inherit;">(i)</font></font></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; text-align: center; vertical-align: bottom; margin: 0px; text-indent: 0px;" colspan="2" valign="bottom"><br></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; text-align: center; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" colspan="2" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Write-offs</font></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; text-align: center; vertical-align: bottom; margin: 0px; text-indent: 0px;" colspan="2" valign="bottom"><br></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; text-align: center; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" colspan="2" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Acquisition of subsidiaries</font></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; text-align: center; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; text-align: center; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" colspan="2" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Balance as of 09/30/2024</font></td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cost:</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; width: 29%;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Land</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; width: 8%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; width: 8%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">607,152</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; width: 8%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,260</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px;" valign="bottom"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; width: 8%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; width: 8%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,073</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; width: 8%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(8,867)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; width: 8%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; width: 8%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">607,618</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Buildings</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">31</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 15px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,646,996</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 15px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">37,438</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom"><br></td>
<td style="padding: 0px 4px; height: 15px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 15px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">82,272</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 15px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(49,346)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 15px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,901</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 15px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,719,261</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Leasehold improvements</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,292,998</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">25,678</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">77,663</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(12,623)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,383,716</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Machinery and equipment</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,530,184</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">91,605</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">60,389</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(5,706)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,183</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,677,655</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Automotive fuel/lubricant distribution equipment and facilities</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,361,637</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">52,293</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">76,033</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(113,783)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,374</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,378,554</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">LPG tanks and bottles</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,006,398</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">74,819</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(20,608)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,060,609</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Vehicles</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">371,434</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">99,754</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,515</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(33,472)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,257</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">448,488</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Furniture and fixtures</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">212,640</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,472</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">176</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,187)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">402</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">220,503</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IT equipment</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">318,721</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,911</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(4,148)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,591)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">319,893</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Construction in progress</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">783,496</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">548,986</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(318,999)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,853)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,010,630</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Advances to suppliers</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">32,557</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">21,535</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(5,519)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(844)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">47,729</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Imports in progress</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; text-align: center; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><font style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;">-</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; text-align: center; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,107</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,107)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; text-align: center; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><font style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; text-align: center; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,167,320</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">971,751</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(24,652)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(250,880)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11,117</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,874,656</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Accumulated depreciation:</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; text-align: center; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><font style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; text-align: center; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Buildings</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; text-align: center; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><font style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; text-align: center; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(536,518)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(41,182)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,488</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16,828</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(134)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(557,518)</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Leasehold improvements</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; text-align: center; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><font style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; text-align: center; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(683,187)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(56,538)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,624</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,929</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(731,172)</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Machinery and equipment</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; text-align: center; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><font style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; text-align: center; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,147,842)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(154,748)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(311)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,011</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(405)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,299,295)</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Automotive fuel/lubricant distribution equipment and facilities</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; text-align: center; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><font style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; text-align: center; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,238,843)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(129,106)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(5,842)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">102,029</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,082)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,272,844)</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">LPG tanks and bottles</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; text-align: center; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><font style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; text-align: center; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(605,298)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(68,414)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16,552</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(657,160)</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Vehicles</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; text-align: center; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><font style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; text-align: center; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(181,511)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(25,125)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(132)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,392</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(612)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(193,988)</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Furniture and fixtures</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; text-align: center; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><font style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; text-align: center; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(130,117)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(11,156)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">406</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(84)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(140,938)</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IT equipment</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; text-align: center; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><font style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; text-align: center; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(254,952)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(16,991)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,201</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,357</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(264,385)</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; text-align: center; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><font style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; text-align: center; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(6,778,268)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(503,260)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,041</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">161,504</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,317)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(7,117,300)</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Provision for impairment losses</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; text-align: center; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><font style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; text-align: center; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,471)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(21)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,492)</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net amount</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; text-align: center; margin: 0px; text-indent: 0px;" valign="bottom"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; text-align: center; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,387,581</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br></td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">971,730</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(503,260)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br></td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(19,611)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br></td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(89,376)</font></p>
























</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br></td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,800</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br></td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,755,864</font></p>
























</td>























</tr>
















































</table>
<p style="margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font style="font-size: 8pt;"><sup>(i)</sup></font>&nbsp;</font>Refers to R$ 23,438 transferred to right-of-use assets and R$ 3,827 transferred from intangible assets.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Construction in progress relates substantially to expansions, renovations, constructions and upgrade of the terminals&#8217; assets, service stations and distribution bases.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Advances to suppliers are basically related to manufacturing of assets for expansion of terminals, distribution bases and acquisition of real estate.</font></p>



















</div>


















</div>


















</div>
<div style="line-height: 1.1;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>39</font></font></td>






















</tr>













































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>






















</div>
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 99.9182%; margin-left: 0.1px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>






















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>



























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>






















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>






















</tr>














































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BN14_5102024144755425" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">14. Intangible assets (consolidated)</font></a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 224px; text-indent: 0px;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Weighted average useful life (years)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br></td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance as of 12/31/2023</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Additions</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Amortization</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Transfers </font><font style="font-weight: bold; vertical-align: super; line-height: inherit;">(i)</font></font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Write-offs</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Exchange rate variation</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Acquisition of subsidiaries</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance as of 09/30/2024</font></p>
























</td>























</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cost:</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>























</tr>
<tr style="height: 14px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 14px; width: 20%;">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Goodwill (a)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; width: 8%; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; width: 1%; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding: 0px 4px; height: 14px; width: 8%; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">943,125</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; width: 1%; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; width: 8%; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; width: 1%; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; width: 8%; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(969)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; width: 1%; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; width: 8%; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(11,461)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; width: 1%; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; width: 8%; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; width: 1%; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; width: 8%; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; width: 1%; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; width: 8%; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">56,417</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; width: 1%; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; width: 8%; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">987,112</font></p>
























</td>























</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Software </font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,503,601</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">141,192</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(20,463)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,213)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">109</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">386</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,622,612</font></p>
























</td>























</tr>
<tr style="height: 14px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Distribution rights </font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">155,174</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14,794</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,412</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">171,379</font></p>
























</td>























</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brands</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">62,303</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(948)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">61,355</font></p>
























</td>























</tr>
<tr style="height: 14px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trademark rights</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">30</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">120,960</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">120,977</font></p>
























</td>























</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15,127</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">224</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">346</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15,697</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 4.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Decarbonization credits (CBIO)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding: 0px 4px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">710,710</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">586,695</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(389)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,018,363)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">278,653</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding: 0px 4px; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,511,000</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">742,911</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(969)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(31,503)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,020,577)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">109</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">56,814</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,257,785</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Accumulated amortization:</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding: 0px 4px; height: 15px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 15px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 15px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 15px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 15px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 15px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 15px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 15px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 15px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>























</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 5.05pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Software</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(826,773)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(159,078)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">27,660</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">1,868</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(956,323)</font></p>
























</td>























</tr>
<tr style="height: 14px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin: 0pt 0pt 0pt 5.05pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Distribution rights</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(106,145)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(3,291)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">18</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(109,418)</font></p>
























</td>























</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 5.05pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trademark rights</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(18,931)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,394)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">323</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(22,002)</font></p>
























</td>























</tr>
<tr style="height: 14px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin: 0pt 0pt 0pt 5.05pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding: 0px 4px; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(5,234)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,814)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">786</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 14px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(8,264)</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(957,083)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(169,577)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">27,676</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">2,977</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,096,007)</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net amount</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding: 0px 4px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,553,917</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">742,911</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(170,546)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,827)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(1,017,600)</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">109</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">56,814</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding: 0px 4px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,161,778</font></p>
























</td>























</tr>
















































</table>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; vertical-align: super; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font style="font-size: 8pt;"><sup>(i)</sup></font>&nbsp;</font>Refers to R$ 3,827 transferred to property, plant and equipment.</font></p>


















</div>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>40</font></font></td>






















</tr>













































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>






















</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.1;">
<table style="width: 99.9182%; margin-left: 0.1px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>






















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>



























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>






















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>






















</tr>














































</table>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">a. Goodwill</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The remaining net balance of goodwill on the following acquisitions is assessed for impairment annually or more frequently when there is indication that the goodwill might be impaired.</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 210px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Segment</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 68%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Goodwill on the acquisition of:</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 10%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 15px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 10%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 10%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="line-height: inherit;"><font style="vertical-align: super; line-height: inherit;">Ipiranga <font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(i)</font></font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">276,724</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">276,724</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Uni&#227;o Terminais</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">211,089</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">211,089</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Texaco</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">177,759</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">177,759</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Iconic (CBLSA)</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">69,807</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">69,807</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Temmar</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">43,781</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">43,781</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">DNP</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">24,736</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">24,736</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Repsol</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,403</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,403</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Neog&#225;s</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,761</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,761</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Stella</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">103,051</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">103,051</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Serra Diesel</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,413</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14,217</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">WTZ (28.d)</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">56,791</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="/* vertical-align: super; */line-height: inherit;"><font style="/* vertical-align: super; */line-height: inherit;">TEAS <font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(ii)</font></font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">797</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">797</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">987,112</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">943,125</font></p>
























</td>























</tr>
















































</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)&nbsp;</font></sup></font>Including R$ 246,163 presented as goodwill at the Parent.</font><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font style="font-size: 8pt;"><sup>(ii)</sup></font>&nbsp;</font>On April 27, 2023, the Company was merged into Ultracargo Log&#237;stica S.A.</font><br><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Goodwill presented above are based on the expectation of future profitability, supported by appraisal reports, after allocation of the identified assets. In the nine-month period ended September 30, 2024, the Company did not identify any event that indicated the need to carry out an impairment test of the intangible asset.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Goodwill from investments in joint ventures and associates are presented under investments, for further information see Note 11.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Acquisition and provision for decarbonization credits (Consolidated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company, through its subsidiary Ipiranga, has annual decarbonization obligation adopted by Brazilian National Biofuels Policy (&#8220;RenovaBio&#8221;), implemented by Law No. 13,576/2017, with additional regulations established by Decree No. 9,888/2019 and Ordinance No. 419 of November 20, 2019 issued by the Brazilian Ministry of Mines and Energy.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The decarbonization credits (&#8220;CBIOS&#8221;) acquired are recorded at historical cost in intangible assets, being retired according to decree in the year to fulfill the individual target set by the National Agency of Petroleum, Natural Gas and Biofuels (&#8220;ANP&#8221;). The Company reached the 2023 retirement target in March 2024, in accordance with Decree 11,499/2023, which exceptionally establishes the deadline for retirement of decarbonization credits until March 2024 to meet the 2023 target.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The acquisition obligation is recorded under &#8220;Provision for decarbonization credits&#8221; with a corresponding entry in Other operating income (expenses), in proportion to the annual targets established by the ANP, based on the average acquisition cost of the credits acquired and the fair value of the credits traded on B3 on the closing date for the credits to be acquired. The provision is realized when credits are retired.</font></p>



















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<div style="line-height: 1.2;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>41</font></font></td>






















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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>






















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<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>






















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<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>



























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<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>






















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<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>






















</tr>














































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<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BN15_5102024144812947" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">15. Loans, financing, debentures and derivative financial instruments (Consolidated)</font></a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Breakdown</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Description</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><font style="font-weight: bold;"><font style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-color: #000000 !important; font-size: 8pt;">Index/</font></font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><font style="font-weight: bold;"><font style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-color: #000000 !important; font-size: 8pt;">Currency</font></font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Weighted average financial charges 2024 (p.a.)</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Weighted average hedging instruments</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Maturity</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 36%; height: 10px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Foreign currency:</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8%; height: 10px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; height: 10px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; height: 10px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; height: 10px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; height: 10px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 10px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; height: 10px; background-color: #cceeff; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Notes in the foreign market</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.25%</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">138.8% of DI**</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2026 to 2029</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,196,681</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,694,339</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Foreign loan</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">JPY</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1.24%</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">108.9% of DI</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2025</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">777,861</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">439,852</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Foreign loan</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">EUR</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.20%</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">109.4% of DI</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2024 to 2025</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">749,661</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">126,171</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Foreign loan</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.40%</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">109.9% of DI</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">2024 to 2025</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">582,157</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,018,429</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total in foreign currency</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">6,306,360</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">5,278,791</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazilian Reais:</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Debentures &#8211; CRA</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IPCA</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.15%</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">102.6% of DI</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2024 to 2032</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,900,707</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,434,287</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">CCB</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">CDI</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">102.20%</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">n/a</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2025 to 2026</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,060,369</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">552,407</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Debentures &#8211; Ultragaz</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">CDI +</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">0.74%</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">n/a</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">2027 to 2029</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">711,313</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Debentures &#8211; Ultracargo </font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IPCA</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.11%</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">111.4% of DI</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2028</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">552,616</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">556,677</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Debentures &#8211; CRA</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Fixed rate</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11.05%</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">104.3% of DI</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2027</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">509,806</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">539,914</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">CDCA</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">CDI + R$</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">0.89%</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">n/a</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2027</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">519,258</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Debentures &#8211; CRA</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">CDI + R$</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">0.69%</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">n/a</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2027</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">490,067</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">488,269</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">CDCA</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">CDI</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">104.73%</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">n/a</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2025 to 2027</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">290,651</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">201,848</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Debentures &#8211; Ultracargo </font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Fixed rate</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6.47%</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">99.9% of DI</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2024</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">92,485</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">87,826</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Debentures &#8211; Ultracargo </font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IPCA</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6.28%</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">n/a</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2024 to 2034</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">79,191</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">FINEP</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">TJLP</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1.00%</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">n/a</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2024 to 2026</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">826</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,264</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total in Brazilian Reais</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">7,207,289</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">5,862,492</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total in foreign currency and Brazilian Reais</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">13,513,649</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">11,141,283</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="font-size: 8pt;"><font style="font-size: 8pt; font-weight: bold;"><font style="font-size: 10pt;">Derivative financial instruments</font> <sup>(*)</sup></font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">334,345</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">626,734</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total </font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">13,847,994</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">11,768,017</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Current</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">3,386,400</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,993,254</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1 to 2 years</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">907,152</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,879,412</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2 to 3 years</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,961,776</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,243,967</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3 to 4 years </font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,134,655</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,023,820</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4 to 5 years</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,130,366</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,691,595</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">More than 5 years</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,327,645</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,935,969</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Non-current </font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><br></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">10,461,594</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">9,774,763</font></p>
























</td>























</tr>
















































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br></p>
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;" valign="top"><font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*)</font></font></sup></font></td>
<td style="width: 97%; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Accumulated losses (see Note 26.f).</font></td>























</tr>
<tr>
<td style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;" valign="top"><font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(**)</font></font></sup></font></td>
<td style="text-align: justify; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Considers a protection instrument for the principal of 52.5% of the DI and for interest DI minus 1.4% for a notional amount of US$ 300 million. Does not include the positive result of the natural hedge strategy through financial investments in US$.</font></td>























</tr>















































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br></p>


















</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>42</font></font></td>






















</tr>













































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>






















</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.2;">
<table style="width: 99.9182%; margin-left: 0.1px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>






















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>



























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>






















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>






















</tr>














































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The changes in loans, financing, debentures and derivative financial instruments are shown below:</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 89%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of December 31, 2023</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">11,768,017</font></p>
























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Proceeds</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,658,510</font></p>
























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Interest accrued</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">603,777</font></p>
























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Principal payment</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,125,954)</font></p>
























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Interest payment</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(483,266)</font></p>
























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Monetary and exchange rate variations</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">920,758</font></p>
























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Change in fair value</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(201,459)</font></p>
























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Hedge result</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(292,389)</font></p>
























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of September 30, 2024</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">13,847,994</font></p>
























</td>
























</tr>

















































</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The transaction costs associated with debt issuance were deducted from the balance of the related liability and recognized in profit or loss according to the effective interest rate method. As of September 30, 2024, the amount recognized in profit or loss was R$ 14,190. The balance to be recognized in the next years is R$&nbsp;74,352.</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><br></font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify;">b. Guarantees</font></p>























</div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The financing does not have collateral as of September 30, 2024 and December 31, 2023 and has guarantees and promissory notes in the amount of R$ 13,309,204 as of September 30, 2024 (R$ 10,966,890 as of December 31, 2023).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The Company and its subsidiaries offer collateral in the form of letters of guarantee for commercial and legal proceedings in the amount of R$ 105,514 as of September 30, 2024 (R$ 103,600 as of December 31, 2023).&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The subsidiary Ipiranga issues collateral to financial institutions in connection with the amounts payable by some of its customers to such institutions, with maximum future settlements related to these guarantees on the amount of R$ 259,712 (R$ 397,152 as of December 31, 2023). If the subsidiary Ipiranga is required to make any payment under these collateral arrangements, this subsidiary may recover the amount paid directly from its customers through commercial collection. Until September 30, 2024, the subsidiary Ipiranga did not have losses in connection with these collateral arrangements.</font></p>



















</div>


















</div>


















</div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>43</font></font></td>






















</tr>













































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>






















</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.2;">
<table style="width: 99.9182%; margin-left: 0.1px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>






















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>



























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>






















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>






















</tr>














































</table>
<p style="margin: 0pt;"><br></p>
<p style="margin: 0pt;"><font style="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify;">c. Relevant operations contracted in the period</font></p>























</div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The main operations contracted in the period are shown below:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 170px;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Description</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="padding-left: 3.5pt; padding-right: 3.5pt; /* border-bottom-width: 1pt; *//* border-bottom-style: solid; */vertical-align: bottom; height: 10px; border-bottom-color: #000000 !important; font-size: 7pt; font-weight: bold;">Index/</font></p>
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="padding-left: 3.5pt; padding-right: 3.5pt; border-bottom-width: 1pt; border-bottom-style: solid; vertical-align: bottom; height: 10px; border-bottom-color: #000000 !important; font-size: 7pt; font-weight: bold;">Currency</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Financial charges</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Hedging instruments</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Issuance date</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Maturity</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Principal</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Principal in R$</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Remuneration payment</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Nominal amount payment</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Company</font></p>
























</td>
























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; width: 8%; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">CDCA</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; width: 8%; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">%DI</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; width: 10%; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">108.00%</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; width: 10%; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">N/A</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; width: 7%; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Jan/24</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; width: 7%; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Jan/25</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; width: 10%; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 80,000</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; width: 10%; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 80,000</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; width: 10%; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Quarterly</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; width: 10%; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">At final maturity</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; width: 10%; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ipiranga</font></p>
























</td>
























</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">4131</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">EUR</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">4.33%</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">111.9% of DI</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Jan/24</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Jan/25</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">EUR 23,500</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 126,195</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Semiannually</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">At final maturity</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Iconic</font></p>
























</td>
























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">CCB</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">%DI</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">108.37%</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">N/A</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Mar/24</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Mar/25</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 500,000</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 500,000</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Annually</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">At final maturity</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ipiranga</font></p>
























</td>
























</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">4131</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">EUR</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">4.43%</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">108.5% of DI</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Mar/24</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Mar/25</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">EUR 46,040</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 247,099</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Semiannually</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">At final maturity</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ipiranga</font></p>
























</td>
























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">4131</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">JPY</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">1.32%</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">108.9% of DI</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Mar/24</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Aug/24</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">JPY 3,760,000</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 123,742</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">At final maturity</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">At final maturity</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ultracargo Log&#237;stica</font></p>
























</td>
























</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">4131</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">EUR</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">4.38%</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">108.5% of DI</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Mar/24</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Mar/25</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">EUR 45,977</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 246,897</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Semiannually</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">At final maturity</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ultracargo Log&#237;stica</font></p>
























</td>
























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">4131</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">EUR</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">4.64%</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">115.5% of DI</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Mar/24</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Sept/24</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">EUR 4,629</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 25,000</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">At final maturity</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">At final maturity</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Serra Diesel</font></p>
























</td>
























</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">CCB</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">%DI</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">108.37%</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">N/A</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Apr/24</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Apr/26</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 500,000</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 500,000</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Annually</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">At final maturity</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ipiranga</font></p>
























</td>
























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">4131</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">USD</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">6.11%</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">112.4% of DI</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Apr/24</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Apr/25</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">USD 9,728</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 48,601</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Semiannually</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">At final maturity</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Iconic</font></p>
























</td>
























</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">CDCA</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">DI +</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">0.92%</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">N/A</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">May/24</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Apr/27</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 500,000</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 500,000</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Annually</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 9.33333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">At final maturity</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ipiranga</font></p>
























</td>
























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">4131</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">JPY</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">1.44%</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">108.1% of DI</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">May/24</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Oct/24</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">JPY 7,530,077</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 258,500</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">At final maturity</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">At final maturity</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ultracargo Log&#237;stica</font></p>
























</td>
























</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">CDCA</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">%DI</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">109.00%</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">N/A</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Jun/24</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Apr/27</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 200,000</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 200,000</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Quarterly</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 9.33333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2026 and 2027</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ipiranga</font></p>
























</td>
























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Debentures</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">CDI</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">0.65%</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">N/A</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Jul/24</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Jul/27</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 455,000</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 455,000</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Semiannually</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">At final maturity</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Cia Ultragaz</font></p>
























</td>
























</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Debentures</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">CDI</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">0.90%</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">N/A</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Jul/24</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Jul/29</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 245,000</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 245,000</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Semiannually</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">At final maturity</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Cia Ultragaz</font></p>
























</td>
























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Debentures</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">IPCA</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">6.28%</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">N/A</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Aug/24</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Jun/34</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 80,000</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 80,000</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Semiannually</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">At final maturity</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ultracargo Log&#237;stica</font></p>
























</td>
























</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">4131</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">SOFR</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">1.29%</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">112.5% of DI</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Sept/24</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Sept/25</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">USD 4,535</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 25,000</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Quarterly</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">At final maturity</font></p>
























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Serra Diesel</font></p>
























</td>
























</tr>

















































</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BN16_5102024144832131" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">16. Trade payables (consolidated)</font></a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Trade payables</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>
























</td>























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 79%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Domestic suppliers </font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,100,480</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,842,433</font></p>
























</td>























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Foreign suppliers </font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">699,861</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,692,786</font></p>
























</td>























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade payables - related parties (see Note 8.a.2)</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">250,613</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">147,452</font></p>
























</td>























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,050,954</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,682,671</font></p>
























</td>























</tr>
















































</table>
<p style="margin: 0pt; text-align: left;"><br></p>



















</div>


















</div>


















</div>
<div style="line-height: 1.2;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>44</font></font></td>






















</tr>













































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>






















</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.2;">
<table style="width: 99.9182%; margin-left: 0.1px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>






















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>



























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>






















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>






















</tr>














































</table>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Trade payables - reverse factoring</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>
























</td>























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 79%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Domestic suppliers - reverse factoring</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,291,458</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,039,366</font></p>
























</td>























</tr>
















































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Some subsidiaries of the Company entered into agreements with financial institutions. These agreements consist in the anticipation of the receipt of trade payables by the supplier, in which the financial institutions prepay a certain amount from the supplier and receives, on the maturity date, the amount payable by the subsidiaries of the Company without incidence of interest. The decision to join this type of transaction is solely and exclusively of the supplier. The agreement does not substantially change the main characteristics of the commercial conditions previously established between the subsidiaries of the Company and the suppliers. The transactions are presented in operating activities in the statement of cash flows.</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BN17_5102024144853442" class="customBookmark"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">17. Employee benefits and private pension plan (Consolidated)</font></font></a></div>
<p style="font-size: 11pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. ULTRAPREV - Associa&#231;&#227;o de Previd&#234;ncia Complementar</font></p>
<p style="font-size: 11pt; line-height: 108%; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In February 2001, the Company&#8217;s Board of Directors approved the adoption of a defined contribution pension plan to be sponsored by the Company and its subsidiaries. Participating employees have been contributing to this plan, managed by Ultraprev - Associa&#231;&#227;o de Previd&#234;ncia Complementar (&#8220;Ultraprev&#8221;), since August 2001. The Company and its subsidiaries do not take responsibility for guaranteeing amounts or the duration of the benefits received by the retired employee. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the nine-month period ended September 30, 2024 the subsidiaries contributed R$ 16,805 to Ultraprev (R$ 16,851 in the nine-month period ended September 30, 2023). </font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The balance of R$ 8,245 (R$ 18,271 as of December 31, 2023) regarding the reversal fund will be used to deduct normal sponsor contributions in a period of up to 14 months depending on the sponsor. The number of months is estimated according to the current amount being deducted from the contributions of the sponsor with the highest balance.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The total number of participating employees as of September 30, 2024 is 3,851 active participants and 298 retired participants (4,053 active participants and 298 retired participants as of December 31, 2023). In addition, Ultraprev had 21 former employees or beneficiaries receiving benefits under the rules of a previous plan whose reserves are fully constituted.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Post-employment benefits (Consolidated)</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Some subsidiaries recognized a provision for post-employment benefits mainly related to seniority bonus, payment of Government Severance Indemnity Fund (&#8220;FGTS&#8221;), and health, dental care, and life insurance plan for eligible retirees.</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The amounts related to such benefits are based on a valuation conducted by an independent actuary and reviewed by Management as of September 30, 2024.</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 112px; width: 100%;" width="100%">

<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>
























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 79%; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Health and dental care plan&nbsp;<font style="font-size: 8pt;"><sup><font style="color: #000000; font-family: 'times new roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(1)</font></sup></font></font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">222,344</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">211,279</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Indemnification of FGTS</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">40,619</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">38,456</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Seniority bonus</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,874</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,026</font></p>
























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="line-height: inherit;"><font style="line-height: inherit;">Life insurance <font style="font-size: 8pt;"><sup><font style="line-height: inherit;">(1)</font></sup></font></font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,897</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,062</font></p>
























</td>























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">278,734</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">264,823</font></p>
























</td>























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">23,798</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">23,612</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Non-current</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">254,936</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">241,211</font></p>
























</td>























</tr>
















































</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><br></p>
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; height: 16px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 16px;">
<td style="width: 3%; height: 16px;"><font style="font-size: 8pt;"><sup>(1)</sup></font></td>
<td style="width: 97%; height: 16px;"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Applicable to&nbsp;</font>Ipiranga<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">, Tropical and Iconic.</font></font></td>






</tr>













</table>
<p style="margin: 0pt; text-align: justify; text-indent: 0pt;"><br></p>



















</div>


















</div>


















</div>
<div style="line-height: 1.2;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>45</font></font></td>






















</tr>













































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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>






















</div>
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 99.9182%; margin-left: 0.1px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>






















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<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>



























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>






















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>






















</tr>














































</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BN18_5102024144911396" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">18. Provisions and contingent liabilities (Consolidated)</font></a></div>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Provisions for tax, civil and labor risks</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are parties to tax, civil and labor disputes at the administrative and judicial levels. The table below presents the breakdown of provisions by nature and their changes:</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 180px; width: 100%;" width="100%">

<tr style="height: 13px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 13px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Provisions</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 13px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance as of 12/31/2023</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 13px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 13px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Additions</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 13px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 13px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Reversals</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 13px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 13px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Payments</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 13px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 13px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Interest</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 13px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 13px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance as of 09/30/2024</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 35%; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IRPJ and CSLL (a.1)</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 10%; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">636,167</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 1%; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 10%; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">127</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 1%; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 10%; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(11,855)</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 1%; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 10%; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(138)</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 1%; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 10%; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">18,709</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 1%; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 10%; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">643,010</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tax</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">107,172</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">40,293</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(43,488)</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(11,825)</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,358</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">93,510</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Civil, environmental and regulatory claims</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">150,258</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">59,987</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(30,808)</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(21,982)</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">157,457</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Provision for indemnities (a.2)</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">203,780</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,661</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(6,065)</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(12,959)</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">627</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">190,044</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Labor</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">59,144</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14,156</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(10,713)</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(8,194)</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">361</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">54,754</font></p>
























</td>























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">147,609</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,564</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(966)</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(615)</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(787)</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">152,805</font></p>
























</td>























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,304,130</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">126,788</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(103,895)</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(55,713)</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">20,270</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,291,580</font></p>
























</td>























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">45,828</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">49,496</font></p>
























</td>























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Non-current</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,258,302</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,242,084</font></p>
























</td>























</tr>
















































</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Balances of escrow deposits by nature are as follows:</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>
























</td>























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 79%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tax</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">898,593</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">856,830</font></p>
























</td>























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Labor</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">30,072</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">37,715</font></p>
























</td>























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Civil and others</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">123,640</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">138,172</font></p>
























</td>























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,052,305</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,032,717</font></p>
























</td>























</tr>
















































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the period ended September 30, 2024, the monetary variation on escrow deposits amounted to R$ 37,978 (R$ 46,030 as of September 30, 2023), recorded with a corresponding entry to financial income on profit or loss.</font></p>
<p style="margin: 0pt;"><br></p>


















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<div>
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<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>46</font></font></td>






















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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>






















</div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
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<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>






















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>



























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>






















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>






















</tr>














































</table>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a.1 Provision for tax matters</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On October 7, 2005, the subsidiaries Cia. Ultragaz and Bahiana filed a writ of mandamus in which the preliminary injunction was granted, confirmed by a favorable trial court decision on May 16, 2008, to offset PIS and COFINS credits on LPG purchases against federal taxes. As a result of the preliminary injunction, the subsidiaries made escrow deposits, which amount to R$ 618,755 as of September 30, 2024 (R$ 600,259 as of December 31, 2023). On July 18, 2014, due to a second instance unfavorable decision, aligned with the STJ case law (Case 1.093), the subsidiaries suspended the escrow deposits and resumed the payment of the taxes. In October 2024, due to the final decision of the proceeding, the deposits were fully withdrawn, and did not result in impacts on profit or loss for the period.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a.2 Provision for indemnities</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">On April 1, 2022, Ultrapar concluded the sale of Oxiteno, assuming the responsibility for losses resulting from acts that occurred prior to the closing of the transaction, pursuant to the purchase and sale agreement.&nbsp;The total provision recorded for the reimbursement to Indorama, in the event the losses materialize, is R$ 159,644 (R$ 168,568 as of December 31, 2023), of which R$ 93,489 (R$&nbsp;92,823 as of December 31, 2023) for labor claims, R$ 17,984 (R$ 17,584 as of December 31, 2023) for civil claims and R$ 48,147 (R$ 58,160 as of December 31, 2023) for tax claims.</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On August 1, 2022, Ultrapar also concluded the sale of Extrafarma with subsidiary Ipiranga assuming the responsibility for losses prior to the closing of the transaction. Thus, a provision for the reimbursement to Pague Menos was recorded, in the event the losses materialize, totaling R$ 30,400 (R$ 35,075 as of December 31, 2023) referring to the provision for indemnity, as of September 30, 2024, of which R$ 10,385 (R$ 16,259 as of December 31, 2023) for labor claims, R$ 6,955 (R$ 6,420 as of December 31, 2023) for civil claims and R$ 13,059 (R$ 12,395 as of December 31, 2023) for tax claims.</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Contingent liabilities (possible)</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are parties to tax, civil, environmental, regulatory, and labor claims whose likelihood of loss is assessed by the legal departments of the Company and its subsidiaries as possible, based on the opinion of its external legal advisors and, based on these assessments, these claims were not provided for in the interim financial information. The estimated amount of these contingent liabilities assessed as possible loss is R$ 5,191,865 as of September 30, 2024 (R$ 4,013,392 as of December 31, 2023), mainly represented by:</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 11.35pt;">
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Contingent liabilities (possible)</font></p>
























</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>
























</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>
























</td>























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 79%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tax (b.1)</font></p>
























</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,123,388</font></p>
























</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,148,224</font></p>
























</td>























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Civil (b.2)</font></p>
























</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">793,410</font></p>
























</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">624,653</font></p>
























</td>























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Labor</font></p>
























</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">275,067</font></p>
























</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">240,515</font></p>
























</td>























</tr>
















































</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b.1 Contingent tax liabilities </font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The main contingent tax liabilities of subsidiary Ipiranga and its subsidiaries are presented below. The claims mainly involve questionings regarding the offset of excise tax (&#8220;IPI&#8221;) credits related to raw materials used in the manufacturing of products subject to taxation, which are subsequently sold, and are not subject to IPI under the tax immunity. The amount of this contingency is R$ 193,267 as of September 30, 2024 (R$ 185,388 as of December 31, 2023).</font></p>



















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<div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>47</font></font></td>






















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<div style="width: 8.5in; margin: 0 auto;">
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<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>






















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<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>



























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>






















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>






















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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Additionally, the subsidiary Ipiranga and its subsidiaries have legal proceedings related to ICMS totaling R$ 1,342,883 as of September 30, 2024 (R$ 1,380,424 as of December 31, 2023). The main proceedings include: i) credits considered undue in the amount of R$ 93,282 as of September 30, 2024 (R$ 149,061 as of December 31, 2023), ii) alleged non-payment in the amount of R$ 153,601 as of September 30, 2024 (R$ 196,693 as of December 31, 2023); iii) conditioned fruition of tax incentive in the amount of R$ 188,154 as of September 30, 2024 (R$ 193,912 as of December 31, 2023); iv)&nbsp;inventory differences in the amount of R$ 279,014 as of September 30, 2024 (R$ 282,254 as of December 31, 2023); v) 2% surcharge on products considered non-essential (hydrated ethanol) in the amount of R$ 219,152 as of September 30, 2024 (R$ 271,518 as of December 31, 2023).</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The Company and its subsidiaries are also parties to administrative and judicial proceedings involving IRPJ, CSLL, PIS and COFINS, substantially involving denials of offset claims and credits disallowance which total R$ 2,306,994 as of September 2024 (R$ 1,394,010 as of December 31, 2023), mainly represented by a tax assessment related to the IRPJ and CSLL resulting from the alleged undue amortization of the goodwill paid on acquisition of investments, in the amount of R$&nbsp;262,947 as of September 30, 2024 (R$ 251,789 as of December 31, 2023).</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b.2 Contingent civil liabilities </font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Most of the proceedings against Cia. Ultragaz totaling R$ 161,503 as of September 30, 2024 (R$ 113,756 as of December 31, 2023) were filed by resellers seeking indemnity, nullity and termination of distribution agreements.</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Lubricants operation between Ipiranga and Chevron</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The provisions of shareholder Chevron&#8217;s liability amount to R$ 61,934 (R$ 29,022 as of December 31, 2023), for which an indemnity asset was recorded, referring to: (i) R$ 58,247 in ICMS assessments on sales for industrial purposes, in which the STF closed the judgment of the thesis unfavorably to taxpayers; (ii) R$ 3,469 in labor claims.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Likewise, due to a business combination, on December 1, 2017, a provision of R$ 198,900 was recorded relating to contingent liabilities and an indemnification asset in the same amount was recognized, with a balance of R$ 95,897 as of September 30, 2024 (R$ 95,905 as of December 31, 2023). The amounts of provisions and contingent liabilities related to the business combination and the liability of the shareholder Chevron will be reimbursed to subsidiary Iconic in the event of losses without the need to recognize an allowance for expected credit losses.</font></p>


















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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: Arial; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Because of the association between the Company and Extrafarma on January 31, 2014, 7 subscription warrants &#8211; indemnification were issued, corresponding to up to 6,411,244 shares of the Company. </font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On February 15, 2023, August 9, 2023, February 28, 2024 and August 7, 2024, the Board of Directors confirmed the issuance of 31,211, 8,199, 191,788 and 35,235, respectively, common shares within the authorized capital limit provided by article 6 of the Company&#8217;s Bylaws, due to the partial exercise of the rights conferred by the subscription warrants.</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As set out in the association agreement between the Company and Extrafarma, of January 31, 2014 and due to the unfavorable decisions on some lawsuits with triggering events prior to January 31, 2014, 753,973 shares linked to the subscription warrants &#8211; indemnification were canceled and not issued. As of September 30, 2024, R$ 15,625 was recorded as financial income (financial expense of R$ 20,400 as of September 30, 2023) due to the update of subscription warrants, and 3,027,959 shares linked to subscription warrants remain retained &#8211; indemnification which may be issued or canceled depending on whether the final decisions on the lawsuits will be favorable or unfavorable, being the maximum number of shares that can be issued in the future, totaling R$ 64,223 (R$ 87,299 as of December 31, 2023).</font></p>
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<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
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<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
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<div style="background-color: #002060; margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BN20_5102024155858724" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">20. Equity</font></a></div>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Share capital</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of September 30, 2024, the subscribed and paid-up capital consists of 1,115,439,503 common shares with no par value (1,115,212,490 as of December 31, 2023), and the issuance of preferred shares and participation certificates is prohibited. Each common share entitles its holder to one vote at Shareholders&#8217; Meetings. </font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On April 19, 2023 the Ordinary General Shareholders&#8217; Meeting approved the increase in the Company's capital in the total amount of R$ 1,450,000, without the issuance of shares, through the incorporation into the share capital of part of the amounts recorded in the statutory reserve for investments, of R$ 567,425, and amounts recorded in the legal reserve, of R$ 882,575.</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The price of the outstanding shares on B3 as of September 30, 2024 was R$ 21.21 (R$ 26.51 as of December 31, 2023).</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of September 30, 2024, there were 59,257,889 common shares outstanding abroad in the form of ADRs (52,197,033 shares as of December 31, 2023).</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Equity instrument granted</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company has a share-based incentive plan, which establishes the general terms and conditions for the concession of common shares issued by the Company held in treasury (see Note 8.d). As of September 30, 2024, the balance of treasury shares granted with right of use was 12,995,720 common shares (9,515,384 as of December 31, 2023).</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Treasury shares</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company acquired its own shares at market prices, without capital reduction, to be held in treasury and to be subsequently disposed of or cancelled, in accordance with CVM Resolutions 2/20 and 77/22. </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of September 30, 2024, the balance was R$ 448,917 (R$ 470,510 as of December 31, 2023) and 11,555,737 common shares (16,195,439 as of December 31, 2023) were held unrestricted in the Company's treasury, acquired at an average cost of R$ 18.28.</font></p>
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<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Balance of unrestricted shares held in treasury </font></p>



























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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11,555,737</font></p>



























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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Balance of treasury shares granted with right of use (see Note 20.b)</font></p>



























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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,995,720</font></p>



























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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total balance of treasury shares as of September 30, 2024</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">24,551,457</font></p>



























</td>
























</tr>




















































</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">d. Capital reserve</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The capital reserve reflects the gain or loss on the disposal of shares for concession of usufruct to executives of the Company's subsidiaries, when the plan is finalized, as mentioned in Note 8.d. Because of the association with Extrafarma in 2014, the Company recognized an increase in the capital reserve in the amount of R$ 498,812, due to the difference between the value attributed to share capital and the market value of the Ultrapar shares on the date of issuance, less R$ 2,260 related to the costs for the issuance of these shares. Additionally, on February 15, 2023, August 9, 2023, February 28, 2024 and August 7, 2024, there was an increase in the reserve in the amounts of R$ 411, R$ 149, R$ 5,631 and R$ 821, respectively, due to the partial exercise of the subscription warrants &#8211; indemnification (see Note 19).</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">e. Approval of additional dividends to the minimum mandatory dividends</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On February 28, 2024, the Board of Directors approved and on April 17, 2024 the Ordinary General Shareholders&#8217; Meeting ratified the payment of the Company&#8217;s additional dividends to the Company's minimum mandatory dividends related to 2023 in the amount of R$ 134,031.</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">On August 7, 2024, the Board of Directors approved the distribution of dividends in the amount of R$</font><font style="line-height: inherit;">&nbsp;</font><font style="line-height: inherit;">275,971, corresponding to R$ 0.25 per common share, payable as of August 23, 2024, without remuneration or monetary variation</font><font style="line-height: inherit;">.</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</div>
<div style="line-height: 1.2;">
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BN21_510202415591146" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">21. Net revenue from sales and services (Consolidated)</font></a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 166px; width: 100%;" width="100%">

<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2023</font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; width: 79%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Sales revenue:</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Merchandise</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100,791,943</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">94,341,879</font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Services rendered and others</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,330,417</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,223,944</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Sales returns, rebates and discounts</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(836,236)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(701,825)</font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Amortization of contract assets</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(402,804)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(445,851)</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100,883,320</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">94,418,147</font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Taxes on sales</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,785,799)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,790,318)</font></p>



























</td>
























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net revenue</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">98,097,521</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">92,627,829</font></p>



























</td>
























</tr>




















































</table>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




















</div>




















</div>




















</div>
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<div>
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<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>50</font></font></td>





















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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>





















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<div style="line-height: 1.2;">
<table style="width: 99.9182%; margin-left: 0.1px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>





















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<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>


























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>





















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<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>





















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</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BN22_5102024155924397" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">22. Costs, expenses and other operating results by nature</font></a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company presents its costs and expenses by function in the consolidated statement of income and presents below its expenses by nature:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; width: 47.7941%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td colspan="3" style="padding: 0px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px; margin: 0px; text-indent: 0px; width: 25.2452%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Parent</font></p>



























</td>
<td style="padding: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px; width: 1.47059%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>



























</td>
<td colspan="3" style="padding: 0px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px; margin: 0px; text-indent: 0px; width: 25.2452%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; width: 47.7941%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 15px; margin: 0px; text-indent: 0px; width: 11.8873%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>



























</td>
<td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 15px; margin: 0px; text-indent: 0px; width: 1.47059%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 15px; margin: 0px; text-indent: 0px; width: 11.8873%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2023</font></p>



























</td>
<td style="padding: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px; width: 1.47059%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 15px; margin: 0px; text-indent: 0px; width: 11.8873%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>



























</td>
<td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 15px; margin: 0px; text-indent: 0px; width: 1.47059%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 15px; margin: 0px; text-indent: 0px; width: 11.8873%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; text-align: center; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2023</font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px; width: 47.7941%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Raw materials and materials for use and consumption</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">(90,182,</font><font style="line-height: inherit;">122</font><font style="line-height: inherit;">)</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(84,833,390)</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; width: 47.7941%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Personnel expenses</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(179,817)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(157,934)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,910,863)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,696,656)</font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px; width: 47.7941%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Freight and storage</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(996,055)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,043,820)</font></p>



























</td>
























</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 47.7941%;">
<p style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Decarbonization obligation </font><font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(a)</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(441,813)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(568,382)</font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px; width: 47.7941%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Services provided by third parties</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(55,285)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(52,867)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(532,272)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(475,711)</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; width: 47.7941%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Depreciation and amortization</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(11,715)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(5,092)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">(673,</font><font style="line-height: inherit;">806</font><font style="line-height: inherit;">)</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(612,853)</font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px; width: 47.7941%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Amortization of right-of-use assets</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,101)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,633)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">(230,</font><font style="line-height: inherit;">157</font><font style="line-height: inherit;">)</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(221,292)</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; width: 47.7941%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Advertising and marketing</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,472)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(626)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(153,867)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(140,916)</font></p>



























</td>
























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 47.7941%;">
<p style="/* vertical-align: super; */line-height: inherit;"><font style="/* vertical-align: super; */line-height: inherit;"><font style="/* vertical-align: super; */line-height: inherit;">Other expenses and income, net </font><font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(b)</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,792</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(39,634)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(121,461)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(380,271)</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; width: 47.7941%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">SSC/Holding expenses</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">233,160</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">210,301</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 47.7941%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 11.8873%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(9,438)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 11.8873%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(47,485)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 11.8873%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(95,242,416)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 11.8873%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(89,973,291)</font></p>



























</td>
























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 47.7941%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Classified as:</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px; width: 47.7941%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cost of products and services sold</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(91,646,046)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(86,378,561)</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; width: 47.7941%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Selling and marketing </font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,884,131)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,612,236)</font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px; width: 47.7941%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">General and administrative</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(36,355)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(47,332)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,374,833)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,472,315)</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; width: 47.7941%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other operating income (expenses), net </font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">26,917</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(153)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(337,406)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px; width: 11.8873%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(510,179)</font></p>



























</td>
























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 47.7941%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 11.8873%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(9,438)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 11.8873%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(47,485)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 11.8873%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(95,242,416)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px; width: 11.8873%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(89,973,291)</font></p>



























</td>
























</tr>




















































</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse;">

<tr>
<td style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;" valign="top"><sup><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(a)</font></sup></td>
<td style="width: 97.9166%; text-align: justify; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Refers to the obligation adopted by&nbsp;</font>RenovaBio<font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;to meet&nbsp;</font>decarbonization<font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;targets for the gas and oil sector. The amounts are presented in Other operating income (expenses), net. For further information, see Note 14.b</font></font></td>















</tr>
<tr>
<td style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><sup><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(b)</font></sup></td>
<td style="width: 97.9166%; text-align: justify; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Includes gains from receipt of asset insurance claims in 2024 in the amount of R$ 35,239.&nbsp;</font></td>















</tr>































</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit; font-size: 9pt;">&nbsp;</font></font></p>















</div>
<div style="line-height: 1.2;">
<div style="background-color: #002060; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BN23_5102024155937466" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">23. Financial result</font></a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Parent</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>



























</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2023</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2023</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 49%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Finance income:</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Interest on financial investments</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">17,992</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">87,887</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">397,209</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">441,915</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Interest from customers</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">125,068</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">85,883</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Update of subscription warrants (see Note 19)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15,625</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15,625</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Selic interest on PIS/COFINS credits</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">43,032</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">94,269</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Update of provisions and other income</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14,671</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">33,988</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">80,654</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">51,198</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">48,291</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">121,875</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">661,588</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">673,265</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial expenses:</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Interest on loans</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(911)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(44,022)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(927,726)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,077,515)</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Interest on leases payable</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(597)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(483)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(100,548)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(105,160)</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Update of subscription warrants (see Note 19)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(20,400)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(20,400)</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Bank charges, financial transactions tax, and other taxes</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(12,627)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,214)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(105,905)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(84,440)</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Exchange variations, net of gain (loss) on hedging instruments</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,624</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(16,497)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(117,428)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(105,515)</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Update of provisions, net, and other expenses</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(8,137)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(10,594)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(6,759)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(109,166)</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(20,648)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(95,210)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,258,366)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,502,196)</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">27,643</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">26,665</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(596,778)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(828,931)</font></p>



























</td>
























</tr>




















































</table>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




















</div>




















</div>




















</div>
<div style="line-height: 1.2;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>51</font></font></td>





















</tr>











































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>





















</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<table style="width: 99.9182%; margin-left: 0.1px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>





















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>


























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>





















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>





















</tr>












































</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BN24_5102024155948945" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">24. Earnings per share (Parent and Consolidated)</font></a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below presents a reconciliation of numerators and denominators used in computing earnings per share. The Company has a stock plan and subscription warrants, as mentioned in Notes 8.d and 19, respectively.</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">07/01/2024 to 09/30/2024</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">01/01/2024 to 09/30/2024</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">07/01/2023 to 09/30/2023</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">01/01/2023 to 09/30/2023</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 57%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; line-height: inherit;">Basic earnings per share&nbsp;</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net income for the period of the Company</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">651,582</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,520,971</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">864,854</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,340,795</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Weighted average number of shares outstanding (in thousands)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">1,</font><font style="line-height: inherit;">103,872</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">1,1</font><font style="line-height: inherit;">02,117</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,095,190</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,095,134</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Basic earnings per share - R$</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">0.59</font><font style="line-height: inherit;">03</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">1.</font><font style="line-height: inherit;">3800</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">0.7897</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1.2243</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Diluted earnings per share </font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net income for the period of the Company</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">651,582</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,520,971</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">864,854</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,340,795</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Weighted average number of outstanding shares (in thousands), including dilution effects</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">1,</font><font style="line-height: inherit;">119,907</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">1,11</font><font style="line-height: inherit;">7,011</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,104,256</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,104,338</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Diluted earnings per share - R$</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">0.</font><font style="line-height: inherit;">5818</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">1.36</font><font style="line-height: inherit;">16</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">0.7832</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1.2141</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Weighted average number of shares (in thousands)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Weighted average number of shares for basic earnings per share</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">1,</font><font style="line-height: inherit;">103,872</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">1,10</font><font style="line-height: inherit;">2,117</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,095,190</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,095,134</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Dilution effect</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Subscription warrants</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,040</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,065</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,342</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,347</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Stock plan</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,995</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">1</font><font style="line-height: inherit;">1,829</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,724</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,857</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Weighted average number of shares for diluted earnings per share</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">1,</font><font style="line-height: inherit;">119,907</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">1,11</font><font style="line-height: inherit;">7,011</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,104,256</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,104,338</font></p>



























</td>
























</tr>




















































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Earnings per share were adjusted retrospectively by the issuance of 3,224,021 common shares due to the partial exercise of the rights conferred by the subscription warrants disclosed in Note 19.</font></p>




















</div>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>52</font></font></td>





















</tr>











































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>





















</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<table style="width: 99.9182%; margin-left: 0.1px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>





















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>


























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>





















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>





















</tr>












































</table>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BN25_510202416010677" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">25. Segment information</font></a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The segments shown in these financial statements are strategic business units supplying different products and services. Intersegment sales are made considering the conditions negotiated between the parties.</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The main segments are presented in the table below: </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 140px; width: 100%;" width="100%">

<tr style="height: 15px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 17.16%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Segment</font></p>



























</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 82.84%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Main activities</font></p>



























</td>



























</tr>
<tr style="height: 47px;">
<td style="border-bottom: 0.5pt dotted #000000; border-right: 0.5pt dotted #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 17.16%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>



























</td>
<td style="border-bottom: 0.5pt dotted #000000; border-left: 0.5pt dotted #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 82.84%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">Distribution of liquefied petroleum gas </font><font style="line-height: inherit;">(</font><font style="line-height: inherit;">LPG</font><font style="line-height: inherit;">)</font><font style="line-height: inherit;"> in segments: bulk, comprising condominiums, trade, services, industries and agribusiness; and</font> <font style="line-height: inherit;">bottled, mainly comprising residential consumers. To expand the offer of energy solutions to its customers, the company also </font><font style="line-height: inherit;">act on segments of </font><font style="line-height: inherit;">renewable energy solutions and compressed </font><font style="line-height: inherit;">natural </font><font style="line-height: inherit;">gas.</font></font></p>



























</td>



























</tr>
<tr style="height: 47px;">
<td style="border-bottom: 0.5pt dotted #000000; border-right: 0.5pt dotted #000000; border-top: 0.5pt dotted #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 17.16%; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga</font></p>



























</td>
<td style="border-bottom: 0.5pt dotted #000000; border-left: 0.5pt dotted #000000; border-top: 0.5pt dotted #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 82.84%; height: 47px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">Distribution and sale of oil-related products</font><font style="line-height: inherit;">, biofuels</font><font style="line-height: inherit;"> and similar products (gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants) through a chain of service stations that operate under the Ipiranga brand throughout Brazil and to major consumers, as well as in convenience stores and automotive services segments.</font></font></p>



























</td>



























</tr>
<tr style="height: 31px;">
<td style="border-bottom: 0.5pt dotted #000000; border-right: 0.5pt dotted #000000; border-top: 0.5pt dotted #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 17.16%; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo</font></p>



























</td>
<td style="border-bottom: 0.5pt dotted #000000; border-left: 0.5pt dotted #000000; border-top: 0.5pt dotted #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 82.84%; height: 31px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Offers transport logistics and specialized liquid bulk storage solutions with operations in the main logistics centers of Brazil. </font></p>



























</td>



























</tr>























































</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Geographic area information</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The subsidiaries generate revenue from operations in Brazil, as well as from exports of products and services to foreign customers, as disclosed below:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2023</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 79%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net revenue from sales and services:</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 97,416,446</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 91,206,928</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Europe</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 46,818</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 195,292</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">United States of America and Canada</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 352,865</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 960,576</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other Latin American countries</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 174,988</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 114,060</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 106,404</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 150,973</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total </font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 98,097,521</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 92,627,829</font></p>



























</td>
























</tr>




















































</table>
<p style="margin: 0pt; text-align: right;"><br></p>




















</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>53</font></font></td>





















</tr>











































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>





















</div>























</div>
<div style="line-height: 1.2;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<table style="width: 99.9182%; margin: 0px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>





















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>


























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>





















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>





















</tr>












































</table>
<p style="margin: 0pt; text-align: right;"><br></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Financial information related to segments</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The main financial information of each of the continuing operations of the Company&#8217;s segments is as follows. </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 326.062px; width: 100%;" width="100%">

<tr style="height: 15px;">
<td colspan="8" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>



























</td>
























</tr>
<tr style="height: 0px;">
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11.0625px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Profit or loss</font></p>



























</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11.0625px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ipiranga</font></p>



























</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11.0625px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultragaz</font></p>



























</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11.0625px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultracargo</font></p>



























</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 11.0625px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Others</font><font style="font-size: 7pt;"><font style="line-height: inherit;"><sup> (1)&nbsp;</sup></font><font style="line-height: inherit;"><sup>(2)</sup></font></font></font></p>



























</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11.0625px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Subtotal</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Segments</font></p>



























</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11.0625px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Eliminations</font></p>



























</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11.0625px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>



























</td>
























</tr>
<tr style="height: 11.0625px;"></tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; width: 44%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Net revenue from sales and services</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; width: 8%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">89,239,239</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; width: 8%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">8,220,852</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; width: 8%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">792,730</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; width: 8%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">7,051</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; width: 8%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">98,259,872</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; width: 8%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(162,351)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; width: 8%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">98,097,521</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Transactions with third parties</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">89,177,796</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,220,008</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">638,927</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,925</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">98,042,656</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">98,042,656</font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Intersegment transactions</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">61,443</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">844</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">153,803</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,126</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">217,216</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(162,351)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">54,865</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cost of products and services sold</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(84,941,712)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(6,574,638)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(284,811)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(91,801,161)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">155,115</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(91,646,046)</font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Gross profit</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">4,297,527</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,646,214</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">507,919</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">7,051</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">6,458,711</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(7,236)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">6,451,475</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Operating income (expenses)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Selling and marketing</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,447,715)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(430,650)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(8,356)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(11)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,886,732)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,601</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,884,131)</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">General and administrative</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(842,272)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(249,141)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(127,150)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(165,336)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,383,899)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9,066</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,374,833)</font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Results from disposal of property, plant and equipment and intangible assets</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">104,266</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,061</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(36)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">70</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">105,361</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">105,361</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other operating income (expenses), net</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(398,235)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">37,252</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11,366</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,211</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(337,406)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(337,406)</font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Operating income (loss)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,713,571</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,004,736</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">383,743</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(146,015)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,956,035</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">4,431</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,960,466</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Share of profit (loss) of subsidiaries, joint ventures and associates</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(5,384)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">572</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,420</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(4,578)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(6,970)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(6,970)</font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Amortization of fair value adjustments on associates acquisition</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,089)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,089)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,089)</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total share of profit (loss) of subsidiaries, joint ventures and associates</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(5,384)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">572</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">331</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(4,578)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(9,059)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(9,059)</font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Income (loss) before financial result and income and social contribution taxes</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,708,187</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,005,308</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">384,074</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(150,593)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,946,976</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">4,431</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,951,407</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Depreciation and amortization (a)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">335,703</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">209,152</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">89,625</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14,106</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">64</font><font style="line-height: inherit;">8,586</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(4,431)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">64</font><font style="line-height: inherit;">4,155</font></font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Amortization of contractual assets with customers - exclusivity rights</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">401,808</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">996</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">402,804</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">402,804</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Amortization of right-of-use assets</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">158,042</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">47,590</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">22,397</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,128</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">230,</font><font style="line-height: inherit;">157</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">230,</font><font style="line-height: inherit;">157</font></font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Amortization of fair value adjustments on associates acquisition</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,090</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,090</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,090</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total depreciation and amortization</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">895,553</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">257,738</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">114,112</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; line-height: inherit;">1</font><font style="font-weight: bold; line-height: inherit;">6,234</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; line-height: inherit;">1,28</font><font style="font-weight: bold; line-height: inherit;">3,637</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(4,431)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; line-height: inherit;">1,27</font><font style="font-weight: bold; line-height: inherit;">9,206</font></font></p>



























</td>
























</tr>




















































</table>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><sup>(a)</sup> The amount is net of PIS and COFINS on depreciation in the amount of R$ 29,652.</font></p>




















</div>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>54</font></font></td>





















</tr>











































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>





















</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<table style="width: 99.9182%; margin: 0px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>





















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>


























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>





















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>





















</tr>












































</table>
<p style="margin: 0px; text-indent: 0px;">&nbsp;</p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt;">
<td colspan="8" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2023</font></p>



























</td>
























</tr>
<tr style="height: 9.75pt;">
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Profit or loss</font></p>



























</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ipiranga (Restated)</font></p>



























</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultragaz</font></p>



























</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultracargo</font></p>



























</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 11.0625px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Others</font><font style="font-size: 7pt;"><font style="line-height: inherit;"><sup> (1)&nbsp;</sup></font><font style="line-height: inherit;"><sup>(2)</sup></font></font></font><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">(Restated)</font></font></p>



























</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Subtotal</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Segments</font></p>



























</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Eliminations</font></p>



























</td>
<td rowspan="2" style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit; vertical-align: bottom;" valign="bottom">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>



























</td>
























</tr>
<tr></tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 44%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Net revenue from sales and services</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 8%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">83,899,669</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 8%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">8,115,538</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 8%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">758,200</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 8%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">9,299</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 8%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">92,782,706</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 8%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(154,877)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 8%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">92,627,829</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Transactions with third parties</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">83,899,659</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,114,273</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">606,134</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,763</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">92,627,829</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">92,627,829</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Intersegment transactions</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,265</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">152,066</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,536</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">154,877</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(154,877)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cost of products and services sold</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(79,794,235)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(6,463,757)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(263,441)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(86,521,436)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">142,875</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(86,378,561)</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Gross profit</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">4,105,434</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,651,781</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">494,759</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">9,296</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">6,261,270</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(12,002)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">6,249,268</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Operating income (expenses)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Selling and marketing</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,141,318)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(461,761)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(9,092)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(65)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,612,236)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,612,236)</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">General and administrative</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(953,271)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(228,778)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(123,104)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(179,164)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,484,317)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,002</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,472,315)</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Results from disposal of property, plant and equipment and intangible assets</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">156,451</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9,783</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">63</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,915)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">163,382</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(59,056)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">104,326</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other operating income (expenses), net</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(526,449)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14,337</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,748</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(815)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(510,179)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(510,179)</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Operating income (loss)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,640,847</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">985,362</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">365,374</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(173,663)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,817,920</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(59,056)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,758,864</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Share of profit (loss) of subsidiaries, joint ventures and associates</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(4,140)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">29</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9,785</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,040</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11,714</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11,714</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Income (loss) before financial result and income and social contribution taxes</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,636,707</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">985,391</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">375,159</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(167,623)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,829,634</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(59,056)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,770,578</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Depreciation and amortization (a)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">304,921</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">213,373</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">77,576</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10,696</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">606,566</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">606,566</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Amortization of contractual assets with customers - exclusivity rights</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">444,782</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,070</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">445,852</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">445,852</font></p>



























</td>
























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Amortization of right-of-use assets</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">154,368</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">42,070</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">23,160</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,694</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">221,292</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">221,292</font></p>



























</td>
























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total depreciation and amortization</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">904,071</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">256,513</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">100,736</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">12,390</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,273,710</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,273,710</font></p>



























</td>
























</tr>




















































</table>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; vertical-align: super; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-size: 8pt;"><sup>(a)</sup></font> The amount is net of PIS and COFINS on depreciation in the amount of R$ 6,287.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; vertical-align: super; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 8pt;"><sup><font style="vertical-align: super; line-height: inherit;">(1) </font></sup></font><font style="line-height: inherit;">Includes in the line &#8220;General and administrative and Revenue from sale of goods&#8221; the amount of R$ 123,048 in 2024 (R$ 114,882 in 2023) of expenses related to Ultrapar's holding structure.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-size: 8pt;"><sup>(2)</sup></font> </font><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">The &#8220;Others&#8221; column refers to the parent Ultrapar and the subsidiaries Imaven, Ultrapar International, UVC Investimentos, UVC - Fundo de investimento and share of profit (loss) of joint venture RPR.</font></font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br></p>




















</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>55</font></font></td>





















</tr>











































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>





















</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<table style="width: 99.9182%; margin: 0px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>





















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>


























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>





















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>





















</tr>












































</table>
<p style="margin: 0pt;"><br></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Assets by segment</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 116px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 15px;">
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>



























</td>
























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Assets</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ipiranga</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultragaz</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultracargo</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-weight: bold; line-height: inherit; font-size: 8pt;"><font style="font-weight: bold; line-height: inherit;">Others </font><font style="font-weight: bold; line-height: inherit;"><sup><font style="font-weight: bold; line-height: inherit;">(3)</font></sup></font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Subtotal </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Segments</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; width: 40%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Investments</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">150,814</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,024</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">215,525</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,352,880</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,720,243</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,720,243</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Property, plant and equipment</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,207,361</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,508,940</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,916,470</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">123,093</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,755,864</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,755,864</font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Intangible assets</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,275,268</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">332,889</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">283,376</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">270,245</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,161,778</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,161,778</font></p>



























</td>
























</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Right-of-use assets</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">923,200</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">151,635</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">608,535</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,712</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,691,082</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,691,082</font></p>



























</td>
























</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other current and noncurrent assets</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">20,520,885</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,105,426</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">469,927</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,896,585</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">26,992,823</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">26,992,823</font></p>



























</td>
























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total assets (excluding intersegment transactions)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">26,077,528</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,099,914</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,493,833</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,650,515</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">39,321,790</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">39,321,790</font></p>



























</td>
























</tr>




















































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 139px; width: 100%;" width="100%">

<tr style="height: 15px;">
<td colspan="8" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


















</td>


















</tr>
<tr style="height: 33px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 33px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Assets</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 33px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ipiranga (Restated)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 33px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultragaz</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 33px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultracargo</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 33px;" valign="bottom">
<p style="font-weight: bold; line-height: inherit; text-align: center;"><font style="font-weight: bold; line-height: inherit; font-size: 8pt;"><font style="font-weight: bold; line-height: inherit; font-size: 8pt;">Others </font><font style="font-weight: bold; line-height: inherit; font-size: 8pt;"><sup><font style="font-weight: bold; line-height: inherit; font-size: 8pt;">(3)</font></sup></font><font style="font-weight: bold; line-height: inherit; font-size: 8pt;"> (Restated)</font></font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 33px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Subtotal </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Segments</font></p>



























</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 33px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>



























</td>


















</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 40%; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Investments</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">68,107</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">240</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">215,745</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">34,264</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">318,356</font></p>



























</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">318,356</font></p>



























</td>


















</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Property, plant and equipment</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,224,662</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,438,662</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,698,605</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">25,652</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,387,581</font></p>



























</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,387,581</font></p>



























</td>


















</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Intangible assets</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,612,584</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">282,517</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">281,054</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">377,762</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,553,917</font></p>



























</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,553,917</font></p>



























</td>


















</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Right-of-use assets</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">907,867</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">149,698</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">622,781</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">31,180</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,711,526</font></p>



























</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,711,526</font></p>



























</td>


















</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other current and noncurrent assets</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">19,228,878</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,273,866</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">415,085</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,362,765</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">27,280,594</font></p>



























</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">27,280,594</font></p>



























</td>


















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total assets (excluding intersegment transactions)</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 16px; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">25,042,098</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 16px; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,144,983</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 16px; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,233,270</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 16px; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,831,623</font></p>



























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 16px; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">38,251,974</font></p>



























</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 16px; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">38,251,974</font></p>



























</td>


















</tr>














































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 8pt;"><sup><font style="vertical-align: super; line-height: inherit;">(3) </font></sup></font><font style="line-height: inherit; font-size: 9pt;">The &#8220;Others&#8221; column refers to the parent Ultrapar and the subsidiaries Imaven, Ultrapar International, UVC Investimentos, UVC - Fundo de investimento and share of profit (loss) of joint venture RPR.</font></font></p>
<p style="margin: 0pt; text-align: right;"><br></p>




















</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>56</font></font></td>





















</tr>











































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>





















</div>























</div>

























</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
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<tr style="height: 10px;">
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<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
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<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
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<div style="background-color: #002060; margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BSD_1_510202416135111" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">26. Financial instruments (Consolidated)</font></a></div>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial instruments are classified and measured as follows: </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 28.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">&#8226;&nbsp;</font><font style="line-height: inherit;">Amortized cost: financial </font><font style="line-height: inherit;">instruments</font><font style="line-height: inherit;"> held in order to collect </font><font style="line-height: inherit;">and comply with </font><font style="line-height: inherit;">contractual cash flows, solely principal and interest. The interest earned</font><font style="line-height: inherit;">, losses</font><font style="line-height: inherit;"> and the foreign currency exchange variation are recognized in profit or loss and balances are stated at amortized cost using the effective interest rate method.</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 28.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 28.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">&#8226;&nbsp;</font><font style="line-height: inherit;">Measured at fair value through other comprehensive income: financial instruments contracted for the purpose of collecting </font><font style="line-height: inherit;">and obligation of </font><font style="line-height: inherit;">contractual cash flows or selling financial assets. The balances are stated at fair value, and the interest earned</font><font style="line-height: inherit;">, losses</font><font style="line-height: inherit;"> and the foreign currency exchange variation are recognized on profit or loss. Differences between fair value and initial amount of financial investments plus the interest earned and the exchange variation are recognized in equity under &#8220;Accumulated other comprehensive income&#8221;. Accumulated gains and losses recognized in equity are reclassified to profit or loss at the time of their settlement. </font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 28.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">&#8226;&nbsp;</font><font style="line-height: inherit;">Measured at fair value through profit or loss: financial instruments that were not classified as amortized cost or as measured at fair value through other comprehensive income. Balances are stated at fair value. The interest earned, the exchange variations and changes in fair value are recognized on profit or loss. Investment funds and derivatives are classified as measured at fair value through profit or loss.</font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries use financial instruments for hedging purposes, applying the following concepts:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 28.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8226; Hedge accounting &#8211; fair value hedge: financial instrument used to hedge exposure to changes in the fair value of an item, attributable to a particular risk, which can affect the profit or loss. </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; text-indent: 28.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8226; Hedge accounting &#8211; cash flow hedge: financial instruments used to hedge the exposure to variability in cash flows that is attributable to a risk associated with an asset or liability or highly probable transaction or firm commitment that may affect the profit or loss.</font></p>
<p style="margin: 0pt; text-align: justify; text-indent: 28.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 28.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8226; Hedge accounting &#8211; hedge of investments in foreign operations: financial instruments used to hedge exposure on net investments in foreign subsidiaries due to the fact that the local functional currency is different from the functional currency of the Company.</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Classes and categories of financial instruments and their fair values</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The balances of financial instrument assets and liabilities and the measurement criteria are presented in accordance with the following categories:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<td style="width: 3.79895%; vertical-align: top;" valign="top"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">(a)</font><font style="color: #000000; font-family: 'times new roman', times; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; line-height: inherit;">&nbsp;</font></font></td>
<td style="width: 92.5245%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Level 1 &#8211; prices negotiated (without adjustment) in active markets for identical assets or liabilities;</font></td>






















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<td style="width: 3.79895%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(b)</font></td>
<td style="width: 92.5245%; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Level 2 &#8211; inputs other than prices negotiated in active markets included in Level 1 and observable for the asset or liability, either directly (as prices) or indirectly (derived from prices); and</font></td>






















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<td style="width: 3.79895%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(c)</font></td>
<td style="width: 92.5245%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Level 3 - inputs for assets or liabilities that are not based on observable market variables (unobservable inputs).&nbsp;</font></td>






















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<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
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<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
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<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Level</font></p>




































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Carrying value</font></p>




































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Fair value</font></p>




































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">September 30, 2024</font></p>




































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Note</font></p>




































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Measured at fair value through profit or loss</font></p>




































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Measured at amortized cost</font></p>




































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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial assets:</font></p>




































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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; width: 1%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>




































</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash and cash equivalents</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>




































</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash and banks</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">356,144</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">356,144</font></p>




































</td>




































</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in local currency</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,492,753</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,492,753</font></p>




































</td>




































</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in foreign currency</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,469</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,469</font></p>




































</td>




































</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial investments</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>




































</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in local currency</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.b</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">108,150</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">108,150</font></p>




































</td>




































</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in foreign currency</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.b</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,532,952</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,532,952</font></p>




































</td>




































</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Derivative instruments</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.b</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Level 2</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">873,084</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">873,084</font></p>




































</td>




































</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Energy trading futures contracts</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">26.h</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Level 2</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">344,593</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">344,593</font></p>




































</td>




































</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade receivables</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,012,970</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,012,970</font></p>




































</td>




































</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Reseller financing</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,326,032</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,326,032</font></p>




































</td>




































</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other receivables and other assets</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">444,715</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">444,715</font></p>




































</td>




































</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>




































</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,325,827</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,172,035</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,497,862</font></p>




































</td>




































</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>




































</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial liabilities:</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>




































</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financing</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Level 2</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,109,679</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,067,785</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">8,0</font><font style="line-height: inherit;">13</font><font style="line-height: inherit;">,</font><font style="line-height: inherit;">435</font></font></p>




































</td>




































</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Debentures</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Level 2</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,055,614</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,280,571</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">5,</font><font style="line-height: inherit;">299,630</font></font></p>




































</td>




































</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Derivative instruments</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Level 2</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">334,345</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">334,3</font><font style="line-height: inherit;">53</font></font></p>




































</td>




































</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Energy trading futures contracts</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">26.h</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Level 2</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">148,915</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">148,915</font></p>




































</td>




































</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade payables</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -&nbsp;&nbsp; </font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,050,954</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,050,954</font></p>




































</td>




































</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade payables - reverse factoring</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16.b</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,291,458</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,291,458</font></p>




































</td>




































</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Subscription warrants &#8211; indemnification</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">19</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Level 1</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">64,223</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">64,223</font></p>




































</td>




































</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial liabilities of customers</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">210,622</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">210,622</font></p>




































</td>




































</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Contingent consideration</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Level 3</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">89,978</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">57,196</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">147,174</font></p>




































</td>




































</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other payables</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">187,041</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">187,041</font></p>




































</td>




































</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,802,754</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,145,627</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="line-height: inherit; text-align: right;"><font style="line-height: inherit;"><font style="line-height: inherit;">18,</font><font style="line-height: inherit;">747,805</font></font></p>




































</td>




































</tr>









































































</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
























</div>























</div>























</div>
<div style="line-height: 1.2;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>58</font></font></td>
























</tr>

















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
























</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<table style="width: 99.9182%; margin: 0px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>

























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>






























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>

























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>

























</tr>




















































</table>
<p style="margin:0pt"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Level</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Carrying value</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Fair value</font></p>




































</td>




































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Note</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Measured at fair value through profit or loss</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Measured at amortized cost</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>




































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 50%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial assets:</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 7%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 1%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 1%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>




































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash and cash equivalents</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>




































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash and banks</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">125,152</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">125,152</font></p>




































</td>




































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in local currency</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,476,726</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,476,726</font></p>




































</td>




































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in foreign currency</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">323,810</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">323,810</font></p>




































</td>




































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial investments</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>




































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in local currency</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.b</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Level 2</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">82,592</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">82,592</font></p>




































</td>




































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Derivative instruments</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.b</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Level 2</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,162,283</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,162,283</font></p>




































</td>




































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade receivables</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,269,473</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,269,473</font></p>




































</td>




































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Reseller financing</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,189,886</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,189,886</font></p>




































</td>




































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade receivables - sale of subsidiaries</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.c</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">924,364</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">924,364</font></p>




































</td>




































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other receivables and other assets</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">393,036</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">393,036</font></p>




































</td>




































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>




































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,244,875</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,702,447</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,947,322</font></p>




































</td>




































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>




































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial liabilities:</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>




































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financing</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Level 2</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,584,452</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,449,857</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,853,165</font></p>




































</td>




































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Debentures</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Level 2</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,618,704</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">488,269</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,094,933</font></p>




































</td>




































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Derivative instruments</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Level 2</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">626,735</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">626,735</font></p>




































</td>




































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade payables</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -&nbsp;&nbsp; </font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,682,671</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,682,671</font></p>




































</td>




































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade payables - reverse factoring</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16.b</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,039,366</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,039,366</font></p>




































</td>




































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Subscription warrants &#8211; indemnification</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">19</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Level 1</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">87,299</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">87,299</font></p>




































</td>




































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial liabilities of customers</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">308,934</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">308,934</font></p>




































</td>




































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Contingent consideration</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">28.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Level 3</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">112,196</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">112,196</font></p>




































</td>




































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other payables</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">190,090</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">190,090</font></p>




































</td>




































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,029,386</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11,159,187</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">17,995,389</font></p>




































</td>




































</tr>









































































</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font><font style="font-family: Arial; font-size: 9pt; font-weight: bold;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font></p>























</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="padding: 0px; text-align: center;" class="pageno"><font class='pageno'>59</font></font></td>
























</tr>

















































</table>
























</div>
<div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr></div>
<div>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
























</div>
























<font style="font-family: Arial; font-size: 9pt; font-weight: bold;"><br></font>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.2;">
<p style="margin:0pt"><br></p>




























</div>
<div style="line-height: 1.2;">
<table style="width: 99.9182%; margin: 0px; height: 45px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>

























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>






























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>

























</tr>
<tr style="height: 18px;">
<td style="width: 55.9738%; height: 18px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 18px;"><br></td>

























</tr>




















































</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The fair value of financial instruments measured at Levels 2 and 3 are described below:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Securities and funds in local currency: Estimated at the fund unit value as of the date of the financial statements, which corresponds to their fair value.</font></p>
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Derivative instruments: Estimated based on the US dollar futures contracts and the future curves of the DI x fixed rate and DI x IPCA contracts, quoted on B3 on the closing date.</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Energy trading futures contracts: The fair value considers: (i) the prices established in recent purchases and sales; (ii) supply risk margin; and (iii) the market price projected in the availability period. Whenever the fair value at initial recognition differs from the transaction price for these contracts, a gain or loss is recognized. The fair value of the contracts is classified as level 2 in the fair value hierarchy.</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Financing and debentures: Estimated based on the US dollar futures contracts and the future curves of the DI x fixed rate and DI x IPCA contracts, quoted on B3 <font style="color: #000000; font-family: Aptos; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">on the closing date</font>. The fair value calculation of notes in the foreign market used the quoted price in the market.</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Contingent consideration: Estimated according to Management&#8217;s projections of results based on the discounted cash flow method, considering the contractual goals set for revenue and accounting net cash flow to be achieved in the year ending December 31, 2026, referring to the acquisition of Stella.</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The changes in financial liabilities measured at level 3 of the fair value hierarchy are presented below:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Arial; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 90px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>




































</td>




























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px; background-color: #cceeff; width: 90%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of December 31, 2023</font></p>




































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">112,196</font></p>




































</td>




























</tr>
<tr style="height: 16px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Update of earnout assumptions</font></p>




































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(21,773)</font></p>




































</td>




























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Settlement</font></p>




































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(7,500)</font></p>




































</td>




























</tr>
<tr style="height: 16px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Monetary variation</font></p>




































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">7,055</font></p>




































</td>




























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of September 30, 2024</font></p>




































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">89,978</font></p>




































</td>




























</tr>

































































</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</div>























</div>























</div>
<div style="line-height: 1.2;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>60</font></font></td>
























</tr>

















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
























</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.2;">
<p style="margin:0pt"><br></p>
<table style="width: 99.9182%; margin: 0px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>

























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>






























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<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
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<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Financial risk management</font><br></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are exposed to strategic/operational risks and economic/financial risks. Operational/strategic risks (including demand behavior, competition, technological innovation, and material changes in the industry) are addressed by the Company&#8217;s management model. </font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Economic/financial risks primarily reflect default of customers, behavior of macroeconomic variables, such as commodities prices, exchange and interest rates, as well as the characteristics of the financial instruments used and their counterparties. These risks are managed through specific strategies and control policies.</font></p>




























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<div style="line-height: 1.2;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company has a financial risk policy approved by its Board of Directors (&#8220;Policy&#8221;). In accordance with the Policy, the main objectives of financial management are to preserve the value and liquidity of financial assets and ensure financial resources for the development of the business, including expansions. The main financial risks considered in the Policy are market risks (currencies, interest rates and commodities), liquidity and credit.</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Financial Risk Committee (&#8220;Committee&#8221;) is responsible for monitoring the compliance with the Policy and deciding on any cases of non-compliance. The Audit and Risk Committee (&#8220;CAR&#8221;) advises the Board of Directors in the efficiency of controls and in the review of the Risk Management Policy. The Risk, Integrity and Audit Director monitors the compliance with the Policy and reports to CAR and the Board of Directors the exposure to the risks and any cases of non-compliance with the Policy. </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are exposed to the following risks, which are mitigated and managed using specific financial instruments:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Arial; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Risks</font></p>




































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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 186.65pt; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Exposure origin</font></p>




































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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 137.05pt; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Management</font></p>




































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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Market risk - exchange rate</font></p>




































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.8pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #d0cece !important; height: 48px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 186.65pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #d0cece !important; height: 48px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Possibility of losses resulting from exposures to exchange rates other than the functional presentation currency, which may be of a financial or operational origin.</font></p>




































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.8pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #d0cece !important; height: 48px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><br></p>




































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 137.05pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #d0cece !important; height: 48px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Seek exchange rate neutrality, using hedging instruments if applicable.</font></p>




































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<tr style="height: 48px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 78pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #d0cece !important; border-bottom-color: #d0cece !important; height: 48px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Market risk - interest rate</font></p>




































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 11.8pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #d0cece !important; border-bottom-color: #d0cece !important; height: 48px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 186.65pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #d0cece !important; border-bottom-color: #d0cece !important; height: 48px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Possibility of losses resulting from the contracting of fixed-rate financial assets or liabilities.</font></p>




































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.8pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #d0cece !important; border-bottom-color: #d0cece !important; height: 48px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><br></p>




































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 137.05pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #d0cece !important; border-bottom-color: #d0cece !important; height: 48px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Maintain most of the net financial exposure indexed to floating rates, linked to the basic interest rate.</font></p>




































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 78pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #d0cece !important; border-bottom-color: #d0cece !important; height: 64px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Market risk - commodity prices</font></p>




































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 11.8pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #d0cece !important; border-bottom-color: #d0cece !important; height: 64px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 186.65pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #d0cece !important; border-bottom-color: #d0cece !important; height: 64px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Possibility of losses resulting from changes in the prices of the main raw materials or products sold by the Company and their effects on profit or loss, balance sheet and cash flow.</font></p>




































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.8pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #d0cece !important; border-bottom-color: #d0cece !important; height: 64px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><br></p>




































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 137.05pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #d0cece !important; border-bottom-color: #d0cece !important; height: 64px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Hedging instruments, if applicable. </font></p>




































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<tr style="height: 23px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 78pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 23px; border-top-color: #d0cece !important; border-bottom-color: #d0cece !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Credit risk </font></p>




































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 11.8pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 23px; border-top-color: #d0cece !important; border-bottom-color: #d0cece !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 186.65pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 23px; border-top-color: #d0cece !important; border-bottom-color: #d0cece !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Possibility of losses associated with the counterparty's failure to comply with financial obligations due to insolvency issues or deterioration in risk classification.</font></p>




































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.8pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 23px; border-top-color: #d0cece !important; border-bottom-color: #d0cece !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><br></p>




































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 186.65pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 23px; border-top-color: #d0cece !important; border-bottom-color: #d0cece !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Diversification and monitoring of counterparty&#8217;s solvency and liquidity indicators.</font></p>




































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<tr style="height: 56px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 78pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 56px; border-top-color: #d0cece !important; border-bottom-color: #d0cece !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Liquidity risk</font></p>




































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 11.8pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 56px; border-top-color: #d0cece !important; border-bottom-color: #d0cece !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 186.65pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 56px; border-top-color: #d0cece !important; border-bottom-color: #d0cece !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Possibility of inability to honor obligations, including guarantees, and incurring losses.</font></p>




































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.8pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 56px; border-top-color: #d0cece !important; border-bottom-color: #d0cece !important;">
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 186.65pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 56px; border-top-color: #d0cece !important; border-bottom-color: #d0cece !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For cash management: financial investments liquidity. </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For debt management: seek the combination of better terms and costs, by monitoring the ratio of average debt term to financial leverage.</font></p>




































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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: Arial; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























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<td class="pgno" style="font-size: 10pt; font-family: 'times new roman', times; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>61</font></font></td>
























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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
























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<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>

























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<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>






























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<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
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</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br></font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Market risk - exchange and interest rates</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br></font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Currency risk management is guided by neutrality of currency exposures and considers the risks associated to changes in exchange rates. The Company considers as its main exposure the assets and liabilities in foreign currency.</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries use foreign exchange hedging instruments to protect their assets, liabilities, receipts, disbursements and investments in foreign currencies. These instruments aim to reduce the effects of exchange rate variations, within the exposure limits of its Policy.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As to the interest rate risk, the Company and its subsidiaries raise and invest funds mainly linked to the DI. The Company seeks to maintain most of its financial assets and liabilities with floating interest rates, adopting instruments that hedge against the risk of changes in interest rates.</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font style="font-weight: bold; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font></font></p>



























</div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The assets and liabilities exposed to foreign currency, translated to Reais, and/or exposed to floating interest rates are shown below:</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 367px; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Exchange rate</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Interest rate</font></p>




































</td>


























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Note</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Currency</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Index</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 16px;">
<p style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; line-height: inherit; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>




































</td>


























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 31%; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Assets</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 10%; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 10%; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 1%; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 1%; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 6%; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 1%; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>


























</tr>
<tr style="height: 32px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash, cash equivalents, and financial investments</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,602,549</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">371,474</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">DI</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,600,903</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,559,318</font></p>




































</td>


























</tr>
<tr style="height: 32px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade receivables, net of allowance for expected credit losses</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">80,091</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">84,855</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>


























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade receivables - sale of subsidiaries</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.c</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">BRL/ USD</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">715,877</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">DI</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">208,487</font></p>




































</td>


























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other assets in foreign currency</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">378,240</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">152,393</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>


























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="line-height: inherit;">3,060,880</font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,324,599</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,600,903</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,767,805</font></p>




































</td>


























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Liabilities</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>


























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="vertical-align: super; line-height: inherit;"><font style="vertical-align: super; line-height: inherit;"><font style="vertical-align: super; line-height: inherit;">Loans, financing and debentures </font><font style="font-size: 8pt;"><sup><font style="vertical-align: super; line-height: inherit;">(1)</font></sup></font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD/ EUR/ JPY</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="line-height: inherit;">(6,320</font><font style="line-height: inherit;">,709</font><font style="line-height: inherit;">)</font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(5,297,013)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">DI</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,071,657)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,242,524)</font></p>




































</td>


























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Loans &#8211; FINEP</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">TJLP</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,264)</font></p>




































</td>


























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Payables arising from imports</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16.a</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="line-height: inherit;">(7</font><font style="line-height: inherit;">20,596</font><font style="line-height: inherit;">)</font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,730,426)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>


























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>


























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="line-height: inherit;">(7,</font><font style="line-height: inherit;">041,305</font><font style="line-height: inherit;">)</font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(7,027,439)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,071,657)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,243,788)</font></p>




































</td>


























</tr>
<tr style="height: 32px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Derivative instruments</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">26.f</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD/ EUR/ JPY</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,651,195</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,309,125</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">DI</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(6,832,808)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(8,567,676)</font></p>




































</td>


























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>


























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net liability position - total </font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="line-height: inherit;">(329,230</font><font style="line-height: inherit;">)</font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(393,715)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(6,303,562)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(4,043,659)</font></p>




































</td>


























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net liability position - effect on equity</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(10,857)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>


























</tr>
<tr style="height: 32px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net liability position - effect on profit or loss</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="line-height: inherit;">(329</font><font style="line-height: inherit;">,230</font><font style="line-height: inherit;">)</font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(382,858)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(6,303,562)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="font-family: Aptos; font-size: 9pt; line-height: inherit; background-color: #cceeff; height: 32px; vertical-align: bottom; border-bottom: 2.8pt double #000000; padding: 0px 4px 0px 0px;" valign="bottom">
<p style="font-family: Aptos; font-size: 9pt; line-height: inherit; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(4,043,659)</font></p>




































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</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: Arial; font-size: 12pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 19.6pt; orphans: 0; text-indent: -18pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="font-weight: normal; vertical-align: super; line-height: inherit;">(1)</font><font style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;</font></font><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Gross transaction costs of R$ 8,384 (R$ 10,116 as of December 31, 2023) and discount on notes in the foreign market of R$ 5,961 (R$ 8,107 as of December 31, 2023).</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>62</font></font></td>
























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</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.2;">
<p style="margin:0pt"><br></p>
<table style="width: 99.9182%; margin: 0px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>

























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<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>






























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>

























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<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
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<div style="line-height: 1.2;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Sensitivity analysis with devaluation of the Real and interest rate increase</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
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<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="font-weight: bold; line-height: inherit;">Exchange rate - Real devaluation </font><font style="font-weight: bold; vertical-align: super; line-height: inherit;">(i)</font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































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<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="font-weight: bold; line-height: inherit; font-size: 8pt;"><font style="font-weight: bold; line-height: inherit; font-size: 8pt;"><font style="font-weight: bold; line-height: inherit; font-size: 8pt;">Interest rate increase </font><sup><font style="font-weight: bold; line-height: inherit;">(ii)</font></sup></font></p>




































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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 69%;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Effect on profit or loss</font></p>




































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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(9,192)</font></p>




































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<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(46,074)</font></p>




































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<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Total</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(9,192)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(46,074)</font></p>




































</td>

























</tr>






























































</table>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; vertical-align: super; line-height: inherit;">(i) </font><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The average U.S. dollar rate of R$ 5.6002 was used for the sensitivity analysis, based on future market curves as of September 30, 2024 on the net position of the Company exposed to the currency risk, simulating the effects of devaluation of the Real on profit or loss. The closing rate considered was R$ 5.4481. The table above shows the effects of the exchange rate changes on the net liability position of R$ 329,230 in foreign currency as of September 30, 2024.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; vertical-align: super; line-height: inherit;">(ii)</font><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> For the probable scenario presented, the Company used as a base scenario the market curves affected by the Interbank Deposit (DI) rate and the Long-Term Interest Rate (TJLP). The sensitivity analysis shows the incremental expenses and income that would be recognized in financial result, if the market curves of floating interest at the base date were applied to the average balances of the current year. The annual base rate used was 10.79% and the sensitivity rate was 11.84% according to reference rates made available by B3.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Arial; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Market risk - commodity prices</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: Arial; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are exposed to commodity price risk, mainly in relation to diesel and gasoline, affected by macroeconomic and geopolitical factors.</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The foreign exchange derivative instruments and commodities designated as fair value hedge are concentrated in subsidiary IPP. The objective is to convert the cost of the imported product from fixed to variable until fuel blending, aligning it to the sales price. IPP uses over-the-counter derivatives for this hedge operation, aligning them with the value of the inventories of imported product.</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br></p>
























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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>63</font></font></td>
























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</div>
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<div style="line-height: 1.2;">
<p style="margin:0pt"><br></p>
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<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>

























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<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>






























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>

























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<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>

























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</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">To mitigate this risk, the Company continuously monitors the market and uses hedge operations with derivative contracts, traded on the stock exchange and the over-the-counter market.</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: Arial; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 43px; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 28.1%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Derivative</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2.04%; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Fair value (R$ thousand)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2.04%; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Possible scenario (&#8710; of 10% - R$ thousand)</font></p>




































</td>




































</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 28.1%; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; height: 10px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 2.04%; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 15.14%; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; height: 10px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 2.04%; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; height: 10px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 15.14%; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; height: 10px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 2.04%; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 17.04%; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; height: 10px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 2.04%; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; height: 10px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 17.04%; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; height: 10px; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>




































</td>




































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 28.1%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Commodity forward</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2.04%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.14%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16,449</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2.04%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.14%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">20,702</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2.04%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 17.04%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">23,291</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2.04%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 16.4%; background-color: #cceeff; height: 17px;">
<p style="font-family: Aptos; font-size: 10pt; line-height: inherit; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,663</font></p>




































</td>




































</tr>









































































</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: Arial; font-size: 12pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 8pt;"><sup><font style="font-family: 'times new roman', times; vertical-align: super; line-height: inherit;">(1)</font></sup></font><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> The table above shows the positions of derivative financial instruments to hedge commodity price risk as of September 30, 2024 and December 31, 2023, in addition to a sensitivity analysis considering a valuation of 10% of the closing price for each year.</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: Arial; font-size: 12pt; line-height: inherit;">&nbsp;</font> </p>

























</div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">c. Credit risk</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Credit risk is related to the possibility of non-compliance with a commitment by a counterparty in a transaction. Credit risk is managed strategically and arises from cash equivalents, financial investments, derivative financial instruments and trade receivables, among others.</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">c.1 Financial institutions and government</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The credit risk of financial institutions and governments related to cash and cash equivalents, financial investments and derivative financial instruments as of September 30, 2024, by counterparty rating, is summarized below: </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Arial; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Fair value</font></p>




































</td>




































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Counterparty credit rating</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>




































</td>




































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 78%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">AAA</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,206,167</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,714,493</font></p>




































</td>




































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">AA</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">112,842</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">408,375</font></p>




































</td>




































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">A</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11,516</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">464</font></p>




































</td>




































</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others (*)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">39,027</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">47,231</font></p>




































</td>




































</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,369,552</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="font-family: Aptos; font-size: 10pt; line-height: inherit; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,170,563</font></p>




































</td>




































</tr>









































































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: Arial; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; vertical-align: super; line-height: inherit;">(*) </font><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Refers substantially to investments as minority interest, which are classified as long-term investments.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><br></p>
























</div>























</div>























</div>
<div style="line-height: 1.2;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>64</font></font></td>
























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</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
























</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.2;">
<p style="margin:0pt"><br></p>
<table style="width: 99.9182%; margin: 0px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>

























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>






























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>

























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>

























</tr>




















































</table>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Arial; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">c.2 Trade receivables</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Credit granting is managed in subsidiaries based on policies and criteria specific to each business segment. The process includes credit analysis, the establishment of limits and required guarantees, with approval at predefined approval levels.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The subsidiaries manage credit throughout the customer&#8217;s life cycle, with specific processes for monitoring credit risk and renegotiating or executing credit, as applicable.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For further information on the allowance for expected credit losses, see Note 5.b.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">d. Liquidity risk</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Liquidity risk is the possibility of the Company facing difficulties to comply with its financial obligations, which must be settled with payments or other financial assets. </font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The main sources of liquidity of the Company and its subsidiaries arise from:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 54pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -36pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">(i)&nbsp; &nbsp;&nbsp;</font><font style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;</font><font style="line-height: inherit;">cash and financial investments; </font></font></p>
<p style="margin: 0pt 0pt 0pt 54pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -36pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">(ii)</font><font style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="line-height: inherit;">cash flow generated by its operations; and </font></font></p>
<p style="margin: 0pt 0pt 0pt 54pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -36pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">(iii)</font><font style="font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp;</font><font style="line-height: inherit;">loans. </font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries have sufficient working capital and sources of financing to meet their current needs. As of September 30, 2024, the Company and its subsidiaries had R$ 4,232,771 in cash, cash equivalents, and short-term financial investments (for quantitative information, see Note 4).</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below presents a summary of financial liabilities and leases payable as of September 30, 2024 by the Company and its subsidiaries, listed by maturity. The amounts presented are the contractual undiscounted cash flows, and may differ from the amounts disclosed in the statement of financial position:</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























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</div>























</div>
<div style="line-height: 1.2;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>65</font></font></td>
























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</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
























</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.2;">
<p style="margin:0pt"><br></p>
<table style="width: 99.9182%; margin: 0px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>

























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>






























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>

























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>

























</tr>




















































</table>
<p style="margin:0pt"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 149px; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Less than 1 year</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Between 1 and 3 years</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Between 3 and 5 years</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">More than 5 years</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; line-height: inherit; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>




































</td>




































</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px; height: 10px; background-color: #cceeff; width: 50%; vertical-align: bottom;" valign="bottom">
<p style="line-height: inherit;"><font style="line-height: inherit;">Loans including future contractual interest <font style="font-size: 8pt;"><sup><font style="line-height: inherit;">(1) (2)</font></sup></font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,957,744</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,078,175</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,524,140</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,476,160</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16,036,219</font></p>




































</td>




































</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Derivative instruments </font><font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(3)</font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(473,070)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(592,240)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(389,028)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(32,321)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,486,659)</font></p>




































</td>




































</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade payables</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,050,954</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,050,954</font></p>




































</td>




































</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade payables - reverse factoring</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,291,458</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,291,458</font></p>




































</td>




































</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Leases payable</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">422,286</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">515,646</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">352,544</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">941,222</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,231,698</font></p>




































</td>




































</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial liabilities of customers</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">43,172</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">193,947</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">237,119</font></p>




































</td>




































</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Contingent consideration</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">89,978</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">89,978</font></p>




































</td>




































</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other payables</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">175,230</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">19,403</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">194,633</font></p>




































</td>




































</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,467,774</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,214,931</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,577,634</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,385,061</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">21,645,400</font></p>




































</td>




































</tr>









































































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 8pt; vertical-align: super; line-height: inherit;">(1)</font><font style="font-size: 10pt;"><font style="line-height: inherit;"> The interest on loans was estimated based on the US dollar futures contracts, Yen futures contracts, Euro futures contracts and on the future yield curves of the DI x fixed rate and DI x IPCA contracts, quoted on B3 as of September 30, 2024</font><font style="line-height: inherit;">.</font></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(2)</font><font style="line-height: inherit; font-size: 10pt;"> Includes estimated interest on short-term and long-term loans until the contractually foreseen payment date.</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(3)</font><font style="line-height: inherit; font-size: 10pt;"> The derivative instruments were estimated based on the US dollar futures contracts and the future curves of the DI x fixed rate and DI x IPCA contracts, quoted on B3 as of September 30, 2024. In the table above, only the derivative instruments with negative results at the time of settlement were considered.</font></font></p>
<p style="font-size: 9pt; line-height: 110%; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

























</div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">e. Capital management</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company manages and optimizes its capital structure based on indicators to ensure business continuity while maximizing return to its shareholders. </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Capital structure is comprised of net debt (loans and financing, including debentures, according to Note 15 and leases payable according to Note 12.b, after deduction of cash, cash equivalents and financial investments, according to Note 4 and equity. </font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company may change its capital structure according to economic and financial conditions. Moreover, the Company also seeks to improve its return on invested capital by implementing efficient working capital management and a selective investment program.</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Annually, the Company and its subsidiaries revise their capital structure, evaluating the cost of capital and the risks associated with each class of capital including the leverage ratio analysis, which is determined as the ratio between net debt and equity. </font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
























</div>























</div>























</div>
<div style="line-height: 1.2;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>66</font></font></td>
























</tr>

















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
























</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.2;">
<p style="margin:0pt"><br></p>
<table style="width: 99.9182%; margin: 0px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>

























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>






























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>

























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>

























</tr>




















































</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The leverage ratio at the end of the period is as follows:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 114px; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>




































</td>

























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>




































</td>

























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 78%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Gross debt (a)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15,337,276</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,291,951</font></p>




































</td>

























</tr>
<tr style="height: 14px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 14px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash, cash equivalents, and short-term investments (b)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 14px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,369,552</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 14px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,170,563</font></p>




































</td>

























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Net debt = (a) - (b)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">7,967,724</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">6,121,388</font></p>




































</td>

























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Equity</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15,348,484</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14,029,826</font></p>




































</td>

























</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Net debt-to-equity ratio</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">51.91%</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important;">
<p style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; line-height: inherit; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">43.63%</font></p>




































</td>

























</tr>






























































</table>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Arial; font-size: 12pt; font-weight: bold; line-height: inherit;">&nbsp;</font> </p>

























</div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 12pt; font-style: italic; font-weight: bold; line-height: inherit;"><font style="font-family: 'times new roman', times; font-size: 10pt;">f. Selection and use of derivative financial instruments</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In selecting derivative instruments the Company considers the estimated rates of return, risks, liquidity, calculation methodology for the carrying and fair values, and the applicable documentation. </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Derivative financial instruments are used to hedge identified risks, at amounts that do not exceed 100% of the identified risk. Derivatives are referred to as "derivative instruments" to reflect their restricted function of hedging identified risks. </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below summarizes the gross balance of the position of derivative instruments contracted as well as of the gains (losses) that affect the equity and the statement of income of the Company and its subsidiaries:</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br></p>
























</div>























</div>























</div>
<div style="line-height: 1.2;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>67</font></font></td>
























</tr>

















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
























</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<table style="width: 99.9182%; margin: 0px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>

























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>






























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>

























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>

























</tr>




















































</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 433px; width: 100%;" width="100%">

<tr style="height: 16px;">
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Derivatives designated as hedge accounting</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.16%; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 14.8%; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.22%; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.22%; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.12%; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.58%; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>






</tr>
<tr style="height: 48px;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 21.48%; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 48px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Product</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.16%; vertical-align: bottom; height: 48px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 48px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Contracted rates</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 48px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.16%; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 48px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Maturity</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 48px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 14.8%; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 48px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Notional amount (2)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 48px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 48px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Fair value as of 09/30/2024</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 48px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.58%; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 48px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Gains (losses) as of 09/30/202</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">4</font></font></p>




































</td>






</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 21.48%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.16%; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Assets</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.48%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Liabilities</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.16%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 14.8%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2024</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Assets</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.22%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Liabilities</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.12%; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.58%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 16px;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Results</font></p>




































</td>






</tr>
<tr style="height: 31px; background-color: #cceeff;">
<td style="vertical-align: super; line-height: inherit; font-size: 8pt; height: 31px; background-color: #cceeff;" valign="bottom">
<p><font style="vertical-align: super; line-height: inherit; font-size: 8pt;"><font style="vertical-align: super; line-height: inherit; font-size: 8pt;">Foreign exchange swap </font><sup><font style="vertical-align: super; line-height: inherit;">(1)</font></sup></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.16%; height: 31px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10.3%; height: 31px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD + 5.51%</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.48%; height: 31px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">109.9% of DI</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 31px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.16%; vertical-align: bottom; height: 31px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Sept/25</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 31px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 14.8%; vertical-align: bottom; height: 31px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD 106,067</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 31px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.22%; vertical-align: bottom; height: 31px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 19,108</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 31px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.22%; vertical-align: bottom; height: 31px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> -</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 31px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.58%; vertical-align: bottom; height: 31px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 107,921</font></p>




































</td>






</tr>
<tr style="height: 32px;">
<td style="vertical-align: super; line-height: inherit; font-size: 8pt; height: 32px;" valign="bottom">
<p><font style="vertical-align: super; line-height: inherit; font-size: 8pt;"><font style="vertical-align: super; line-height: inherit; font-size: 8pt;">Foreign exchange swap </font><sup><font style="vertical-align: super; line-height: inherit;">(1)</font></sup></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.16%; height: 32px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.3%; height: 32px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">EUR + 5.16%</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.48%; height: 32px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">109.4% of DI</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 32px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.16%; vertical-align: bottom; height: 32px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mar/25</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 32px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 14.8%; vertical-align: bottom; height: 32px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">EUR 115,518</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 32px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.22%; vertical-align: bottom; height: 32px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 48,565</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 32px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.22%; vertical-align: bottom; height: 32px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 32px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.58%; vertical-align: bottom; height: 32px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 50,542</font></p>




































</td>






</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 21.48%; height: 18px; background-color: #cceeff;">
<p style="line-height: inherit;"><font style="line-height: inherit;"><font style="line-height: inherit;">Foreign exchange swap </font><font style="font-size: 8pt;"><sup><font style="line-height: inherit;">(1)</font></sup></font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.16%; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.3%; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">JPY + 1.50%</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.48%; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">109.4% of DI</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.16%; vertical-align: bottom; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mar/25</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 14.8%; vertical-align: bottom; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">JPY 12,849,893</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.22%; vertical-align: bottom; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 20,043</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.22%; vertical-align: bottom; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (52,319)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.58%; vertical-align: bottom; height: 18px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 48,576</font></p>




































</td>






</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 21.48%; height: 18px; vertical-align: bottom;" valign="bottom">
<p><font><font>Foreign exchange swap </font><font style="font-size: 8pt;"><sup>(1)</sup></font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.16%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3%; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">SOFR + 1.29%</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.48%; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">112.5% of DI</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.16%; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Sept/25</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 14.8%; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD 4,535</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.22%; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.22%; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (445)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.58%; vertical-align: bottom; height: 18px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (445)</font></p>




































</td>






</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 21.48%; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-size: 10pt;">Interest rate swap</font> <sup>(1)</sup></font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.16%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.3%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.07%</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.48%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">104.0% of DI</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.16%; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Jun/32</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 14.8%; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">BRL 2,873,693</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.22%; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 417,696</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.22%; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.58%; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (166,318)</font></p>




































</td>






</tr>
<tr style="height: 14px;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 21.48%; height: 14px; vertical-align: bottom;" valign="bottom">
<p style="line-height: inherit;"><font style="line-height: inherit;"><font>Interest rate swap </font><font style="font-size: 8pt;"><sup><font style="line-height: inherit;">(1)</font></sup></font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.16%; height: 14px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3%; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10.48%</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.48%; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">103.6% of DI</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 14px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.16%; vertical-align: bottom; height: 14px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Jul/27</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 14px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 14.8%; vertical-align: bottom; height: 14px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">BRL</font><font style="line-height: inherit;"> 615,791</font></font></p>




































</td>
<td style="width: 1.12%; vertical-align: bottom; height: 14px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.22%; vertical-align: bottom; height: 14px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 14px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.22%; vertical-align: bottom; height: 14px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (21,572)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 14px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.58%; vertical-align: bottom; height: 14px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (33,845)</font></p>




































</td>






</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 21.48%; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p><font><font>Commodity forward </font><font style="font-size: 8pt;"><sup>(1)</sup></font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.16%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">BRL</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.48%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Heating Oil/ RBOB</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.16%; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Dec/24</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 14.8%; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD 80,998</font></p>




































</td>
<td style="width: 1.12%; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.22%; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 2,713</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.22%; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,374)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.58%; vertical-align: bottom; height: 10px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (17,086)</font></p>




































</td>






</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 21.48%; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="line-height: inherit;"><font style="line-height: inherit;"><font style="line-height: inherit;">NDF </font><font style="font-size: 8pt;"><sup><font style="line-height: inherit;">(1)</font></sup></font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.16%; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10.3%; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">BRL</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 12.48%; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.16%; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Dec/24</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 14.8%; border-bottom-width: 1px; border-bottom-style: solid; height: 18px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD 4,275</font></p>




































</td>
<td style="width: 1.12%; border-bottom-width: 1px; border-bottom-style: solid; height: 18px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.22%; border-bottom-width: 1px; border-bottom-style: solid; height: 18px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 865</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; border-bottom-width: 1px; border-bottom-style: solid; height: 18px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.22%; border-bottom-width: 1px; border-bottom-style: solid; height: 18px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,251)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; border-bottom-width: 1px; border-bottom-style: solid; height: 18px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.58%; border-bottom-width: 1px; border-bottom-style: solid; height: 18px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (33,034)</font></p>




































</td>






</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 21.48%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.16%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.48%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.16%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 14.8%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total - Designated</font></p>




































</td>
<td style="vertical-align: middle; width: 1.12%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.22%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">508,990</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.22%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(79,961)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.12%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.58%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; line-height: inherit; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(43,689)</font></p>




































</td>






</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 21.48%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.16%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3%; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.48%; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.16%; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 14.8%; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="vertical-align: middle; width: 1.12%; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.22%; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.22%; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.12%; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.58%; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>






</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="4" style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit; height: 17px; background-color: #cceeff;">
<p style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Derivatives not designated as hedge accounting</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.16%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 14.8%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.22%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.22%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.12%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.58%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>




































</td>






</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 21.48%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.16%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.48%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.16%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 14.8%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.22%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.22%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.12%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.58%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>




































</td>






</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; width: 21.48%; height: 15px; background-color: #cceeff;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Foreign exchange swap</font></td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 1.16%; height: 15px; background-color: #cceeff;"><br></td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 10.3%; height: 15px; background-color: #cceeff;"><font style="color: #000000; font-family: Aptos; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">USD + 0.00%</font></td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 12.48%; height: 15px; background-color: #cceeff;"><font style="color: #000000; font-family: Aptos; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">52.5% of CDI</font></td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 1.12%; height: 15px; background-color: #cceeff;"><br></td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 9.16%; text-align: center; height: 15px; background-color: #cceeff;"><font style="color: #000000; font-family: Aptos; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Jun/29</font></td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 1.12%; height: 15px; background-color: #cceeff;"><br></td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 14.8%; text-align: center; height: 15px; background-color: #cceeff;"><font style="color: #000000; font-family: Aptos; font-size: 12px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">USD 300,000</font></td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 1.12%; height: 15px; background-color: #cceeff;"><br></td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 7.22%; height: 15px; text-align: right; background-color: #cceeff;"><font style="color: #000000; font-family: Aptos; font-size: 12px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">343,543</font></td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 1.12%; height: 15px; background-color: #cceeff;"><br></td>
<td style="color: #000000; font-family: 'Cambria Math'; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>






</td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 1.12%; height: 15px; background-color: #cceeff;"><br></td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 9.58%; height: 15px; text-align: right; background-color: #cceeff;"><font style="color: #000000; font-family: Aptos; font-size: 12px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">142,658</font></td>






</tr>
<tr style="height: 15px;">
<td style="padding: 0px 4px; vertical-align: bottom; width: 21.48%; height: 15px;"><font style="color: #000000; font-family: Aptos; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">NDF</font></td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 1.16%; height: 15px;"><br></td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 10.3%; height: 15px; text-align: center;"><font style="color: #000000; font-family: Aptos; font-size: 12px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">USD</font></td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 12.48%; height: 15px; text-align: center;"><font style="color: #000000; font-family: Aptos; font-size: 12px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">BRL</font></td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 1.12%; height: 15px;"><br></td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 9.16%; text-align: center; height: 15px;"><font style="color: #000000; font-family: Aptos; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Dec/24</font></td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 1.12%; height: 15px;"><br></td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 14.8%; text-align: center; height: 15px;"><font style="color: #000000; font-family: Aptos; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">USD 38,498</font></td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 1.12%; height: 15px;"><br></td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 7.22%; text-align: right; height: 15px;"><font style="color: #000000; font-family: Aptos; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(2,675)</font></td>
<td style="padding: 0px 4px; vertical-align: middle; width: 1.12%; height: 15px;"><br></td>
<td style="color: #000000; font-family: 'Cambria Math'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>






</td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 1.12%; height: 15px;"><br></td>
<td style="padding: 0px 4px; vertical-align: bottom; width: 9.58%; text-align: right; height: 15px;"><font style="color: #000000; font-family: Aptos; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">42,881</font></td>






</tr>
<tr style="height: 32px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 21.48%; height: 32px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Commodity forward</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.16%; height: 32px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.3%; height: 32px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">BRL</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.48%; height: 32px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Heating Oil/ RBOB</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 32px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.16%; vertical-align: bottom; height: 32px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Mar/25</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 32px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 14.8%; vertical-align: bottom; height: 32px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">USD 93,907</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 32px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.22%; vertical-align: bottom; height: 32px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;"> 23,226</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 32px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.22%; vertical-align: bottom; height: 32px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;"> (5,280)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 32px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.58%; vertical-align: bottom; height: 32px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;"> 38,896</font></p>




































</td>






</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 21.48%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Interest rate swap</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.16%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.3%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">USD + 5.25%</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.48%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">CDI - 1.4%</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.16%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Jun/29</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 14.8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">USD 300,000</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.22%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.22%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;"> (249,104)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.58%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;"> (84,475)</font></p>




































</td>






</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 21.48%; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.16%; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.3%; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12.48%; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.16%; vertical-align: bottom; height: 34px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 34px; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 14.8%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; height: 34px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total </font><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&#8211;</font> <font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Not d</font><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">esignated</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; height: 34px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.22%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; height: 34px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">364,094</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; height: 34px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.22%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; height: 34px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">(254,384)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; height: 34px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.58%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; vertical-align: bottom; height: 34px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">139,960</font></p>




































</td>






</tr>
<tr style="height: 20px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 21.48%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.16%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.48%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.12%; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.16%; vertical-align: bottom; height: 20px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; vertical-align: bottom; height: 20px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 14.8%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom; height: 20px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom; height: 20px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 11pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.22%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom; height: 20px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;"> 873,084</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom; height: 20px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.22%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom; height: 20px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;"> (334,345)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.12%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom; height: 20px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 11pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.58%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom; height: 20px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;"> 96,271</font></p>




































</td>






</tr>











































</table>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Arial; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; vertical-align: super; line-height: inherit;">(1)</font><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Derivative financial instruments designated for fair value hedge accounting (see Note 26.g.1).</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; vertical-align: super; line-height: inherit;">(2)</font><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Currency as indicated.</font></p>
<p style="margin: 0px; text-indent: 0px;"><br></p>























</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>68</font></font></td>
























</tr>

















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
























</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<table style="width: 99.9182%; margin: 0px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>

























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>






























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>

























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>

























</tr>




















































</table>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Arial; font-size: 12pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt;">
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Derivatives designated as hedge accounting</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.06%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.12%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.04%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.96%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.04%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.04%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>

























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 24.26%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Product</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Contracted rates</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.06%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.12%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Maturity</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.04%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.96%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Notional amount (3)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.04%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Fair value as of 09/30/2023</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.04%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Gains (losses) as of 09/30/2023</font></p>




































</td>

























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 24.26%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.84%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Assets</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 11.12%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Liabilities</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.06%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.12%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.04%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.96%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">09/30/2023</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.04%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Assets</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.04%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.14%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Liabilities</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.04%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.02%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Results</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.08%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">
<p style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; line-height: inherit; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Equity</font></p>




































</td>

























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 24.26%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: inherit;"><font style="line-height: inherit;"><font style="line-height: inherit;">Foreign exchange swap </font><font style="font-size: 8pt;"><sup><font style="line-height: inherit;">(2)</font></sup></font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.84%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD + 0.00%</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 11.12%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">53.6% of DI</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.06%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.12%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Oct/26</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 12.96%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD 234,000</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 6%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.14%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (117,283)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.02%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (77,648)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.08%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.24%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (37,020)</font></p>




































</td>

























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 24.26%; vertical-align: bottom;" valign="bottom">
<p style="line-height: inherit;"><font style="line-height: inherit;"><font style="line-height: inherit;">Foreign exchange swap </font><font style="font-size: 8pt;"><sup><font style="line-height: inherit;">(1)</font></sup></font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.84%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD + 5.41%</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 11.12%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">110.0% of DI</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.06%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.12%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Sept/25</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 12.96%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD 206,067</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 6%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.14%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (87,173)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.02%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (189,714)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.08%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.24%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>

























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 24.26%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: inherit;"><font style="line-height: inherit;"><font style="line-height: inherit;">Foreign exchange swap </font><font style="font-size: 8pt;"><sup><font style="line-height: inherit;">(1)</font></sup></font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.84%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">EUR + 5.12%</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 11.12%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">111.9% of DI</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.06%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.12%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Jan/24</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 12.96%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">EUR 22,480</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 6%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.14%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (21,011)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.02%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (21,786)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.08%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.24%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>

























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 24.26%; vertical-align: bottom;" valign="bottom">
<p style="line-height: inherit;"><font style="line-height: inherit;"><font style="line-height: inherit;">Foreign exchange swap </font><font style="font-size: 8pt;"><sup><font style="line-height: inherit;">(1)</font></sup></font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.84%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">JPY + 1.50%</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 11.12%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">109.4% of DI</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.06%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.12%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mar/25</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 12.96%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">JPY 12,564,393</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 6%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.14%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (114,624)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.02%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (124,604)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.08%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.24%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>

























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 24.26%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: inherit;"><font style="line-height: inherit;"><font style="line-height: inherit;">Interest rate swap </font><font style="font-size: 8pt;"><sup><font style="line-height: inherit;">(1)</font></sup></font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.84%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IPCA + 5.03%</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 11.12%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">102.9% of DI</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.06%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.12%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Jun/32</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 12.96%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">BRL 3,226,054</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 6%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 290,380</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.14%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.02%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11,390</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.08%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.24%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>

























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 24.26%; vertical-align: bottom;" valign="bottom">
<p style="line-height: inherit;"><font style="line-height: inherit;"><font style="line-height: inherit;">Interest rate swap </font><font style="font-size: 8pt;"><sup><font style="line-height: inherit;">(1)</font></sup></font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.84%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10.15%</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 11.12%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">104.0% of DI</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.06%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.12%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Jun/27</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 12.96%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">BRL 415,791</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 6%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.14%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (9,527)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.02%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,857)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.08%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.24%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>

























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 24.26%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="line-height: inherit;"><font style="line-height: inherit;"><font style="line-height: inherit;">Commodity forward </font><font style="font-size: 8pt;"><sup><font style="line-height: inherit;">(1)</font></sup></font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.84%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">BRL</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 11.12%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Heating Oil/ RBOB</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.06%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.12%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Dec/23</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 12.96%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD 44,856</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 6%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,441</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.14%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,412)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.02%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (161,383)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.08%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.24%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>

























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 24.26%; vertical-align: bottom;" valign="bottom">
<p style="line-height: inherit;"><font style="line-height: inherit;"><font style="line-height: inherit;">NDF </font><font style="font-size: 8pt;"><sup><font style="line-height: inherit;">(1)</font></sup></font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.84%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">BRL</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 11.12%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.06%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.12%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Oct/23</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 12.96%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD 89,362</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 6%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 834</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.14%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (3,655)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.02%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,818</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.08%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.24%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>

























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 24.26%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.84%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 11.12%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.06%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.12%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 12.96%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total - Designated</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 6%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">294,655</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.14%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(360,685)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.02%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(558,784)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.08%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.24%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(37,020)</font></p>




































</td>

























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 24.26%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.84%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 11.12%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.06%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.12%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 12.96%; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 6%; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.14%; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.02%; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.08%; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.24%; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>

























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Derivatives not designated as hedge accounting</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.06%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.12%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 12.96%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 6%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.14%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.02%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.08%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.24%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>

























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 24.26%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Foreign exchange swap</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding: 0px; vertical-align: middle; width: 8.84%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD + 0.00%</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 11.12%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">53.0% of CDI</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.06%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.12%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Jun/29</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 12.96%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD 375,000</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 6%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 153,337</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.14%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (49,471)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.02%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (179,939)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.08%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.24%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>

























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 24.26%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">NDF</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.84%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 11.12%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">BRL</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.06%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.12%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Nov/23</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 12.96%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD 187,718</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 6%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 16,711</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.14%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,427)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.02%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (67,516)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.08%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.24%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>

























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 24.26%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Commodity forward</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.84%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">BRL</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 11.12%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Heating Oil/ RBOB</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.06%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.12%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Jan/24</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 12.96%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD 363</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 6%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 980</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.14%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (305)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.02%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 5,808</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.08%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.24%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>

























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 24.26%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Interest rate swap</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.84%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD + 5.25%</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 11.12%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1.4% of CDI</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.06%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.12%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Jun/29</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 12.96%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD 300,000</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 6%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.14%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (286,457)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.02%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (30,735)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.08%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.24%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>




































</td>

























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 24.26%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.84%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 11.12%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.06%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.12%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 12.96%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; line-height: inherit;">Total </font><font style="font-weight: bold; line-height: inherit;">&#8211;</font> <font style="font-weight: bold; line-height: inherit;">Not d</font><font style="font-weight: bold; line-height: inherit;">esignated</font></font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 6%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">171,028</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.14%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(337,660)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.02%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(272,382)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.08%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.24%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">-</font></p>




































</td>

























</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 24.26%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.84%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 11.12%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.06%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.12%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 12.96%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 6%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.14%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.02%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.08%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.24%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>

























</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 24.26%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.84%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 11.12%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.06%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 8.12%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 12.96%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 6%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 465,683</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.14%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (698,345)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.04%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7.02%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (831,166)</font></p>




































</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1.08%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;" valign="bottom">
<p style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; line-height: inherit; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (37,020)</font></p>




































</td>

























</tr>






























































</table>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Arial; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 8pt; vertical-align: super; line-height: inherit;">(1)</font><font style="font-size: 10pt; line-height: inherit;"> Derivative financial instruments designated for fair value hedge accounting (see Note 26.g.1).</font></font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 8pt; vertical-align: super; line-height: inherit;">(2)</font><font style="font-size: 10pt; line-height: inherit;"> Derivative financial instruments designated for cash flow hedge accounting (see Note 26.g.2).</font></font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 8pt; vertical-align: super; line-height: inherit;">(3)</font><font style="font-size: 10pt; line-height: inherit;"> Currency as indicated.</font></font></p>























</div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: Arial; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>69</font></font></td>
























</tr>

















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
























</div>























</div>
<div style="line-height: 1.2;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<table style="width: 99.9182%; margin: 0px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>

























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>






























</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>

























</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>

























</tr>




















































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br></font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">g. Hedge accounting</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries use derivative and non-derivative financial instruments for hedging purposes and test, throughout the duration of the hedge, their effectiveness, as well as the changes in their fair value.</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The hedged items and the hedging instruments have a high correspondence, since the contracted instruments have characteristics equivalent to the transactions considered as the hedged item. The Company and its subsidiaries designated a hedge ratio for transactions designated as hedge accounting, since the underlying risks of the hedging instruments correspond to the risks of the hedged items.</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; text-indent: 28.35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries discontinue the hedge accounting when the hedging instrument is settled, the hedged item ceases to exist or the hedge no longer meets the requirements for hedge accounting due to the absence of an economic relationship between the hedged item and the hedging instrument.</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">g.1 Fair value hedge</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries use derivative financial instruments such as fair value hedge to mitigate the risk of variations in interest and exchange rates, which affect the amount of contracted debts. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">g.2 Cash flow hedge</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In September 2024, the Company and its subsidiaries do not have cash flow hedges.</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">h. Financial instruments (energy trading futures contracts)</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="line-height: inherit;">The Company </font><font style="line-height: inherit;">through </font><font style="line-height: inherit;">its subsidiaries operate in the Free Contracting Environment (ACL) and have entered into bilateral energy purchase and sale contracts with different market players. Accordingly, the Company assumes short and long-term commitments. As a result of mismatched operations, it assumes energy surplus or deficit positions, which are measured at a future market price curve (forward curve). Therefore, the Company designates these contracts as financial instruments, according to IFRS 9/CPC 48, at the beginning of the contract, to include the recording of the correct exposure to the risk of future purchase and sale transactions of bilateral contracts. </font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Sensitivity analysis &#8211; level 2 hierarchy</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 90px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 23.48%; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 23.66%; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Valuation technique</font></p>




































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 26.22%; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Fair value of energy contracts</font></p>




































</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Sensitivity of inputs to fair value (a)</font></p>




































</td>




































</tr>
<tr style="height: 16px;">
<td rowspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.48%; height: 32px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial assets</font></p>




































</td>
<td rowspan="5" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.66%; height: 74px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Discounted cash flow method</font></p>




































</td>
<td rowspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 26.22%; height: 32px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">344,593</font></p>




































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 7.16%; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">+10%</font></p>




































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 19.48%; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">417,735</font></p>




































</td>




































</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 7.16%; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-10%</font></p>




































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 19.48%; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">309,955</font></p>




































</td>




































</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.48%; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 26.22%; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 7.16%; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 19.48%; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




































</td>




































</tr>
<tr style="height: 16px;">
<td rowspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.48%; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial liabilities</font></p>




































</td>
<td rowspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 26.22%; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">148,915</font></p>




































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 7.16%; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">+10%</font></p>




































</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 19.48%; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">224,047</font></p>




































</td>




































</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 7.16%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-10%</font></p>




































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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">112,287</font></p>




































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<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-size: 8pt;"><sup>(a)</sup></font> This 10% variation scenario represents a fluctuation considered reasonable by the Company, based on the history of negotiations concluded under similar market conditions.</font></p>
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<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>













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<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>


















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<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br></p>
<div style="background-color: #002060; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BN27_5102024112842133" class="customBookmark"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">27. Commitments (Consolidated)</font></a></font></div>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt;"><font style="font-family: Arial; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Contracts</font></p>
<p style="margin: 0pt 0pt 0pt 18pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: Arial; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Subsidiary Ultracargo Log&#237;stica has agreements related to its port facilities in Aratu, Suape, Itaqui and Vila do Conde. Such agreements establish a minimum cargo movement, as shown below:</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: Arial; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Port</font></p>




















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<p style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Minimum movement per year</font></p>
<p style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;;margin:0pt"><br></p>




















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<td style="padding-right: 2.15pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Maturity</font></p>




















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<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px; width: 80%; background-color: #cceeff;">
<p style="font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Aratu <font style="font-size: 8pt;"><sup>(*)</sup></font></font></p>




















</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">900,000 ton.</font></p>




















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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2022</font></p>




















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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Suape</font></p>




















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<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">250,000 ton.</font></p>




















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<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2027</font></p>




















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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Suape</font></p>




















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<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">400,000 ton.</font></p>




















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<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2029</font></p>




















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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Aratu</font></p>




















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<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">465,403 ton.</font></p>




















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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2031</font></p>




















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<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Itaqui</font></p>




















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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; line-height: inherit;">1,468,105 m</font><font style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">3</font></font></p>




















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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2049</font></p>




















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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Vila do Conde</font></p>




















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<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">343,625 ton.</font></p>




















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<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="font-family: Aptos; font-size: 10pt; line-height: inherit; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2044</font></p>




















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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Arial; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-size: 8pt;"><sup>(*)</sup></font> Contract in the process of being renewed with the appropriate body, being judicialized by favorable decision, until the public entity completes the analysis so that the new amendment is signed.&nbsp; In a decision by the Ministry of Infrastructure, the investment plans presented by Ultracargo were preliminarily approved, and the Waterway Transport Regulatory Agency (ANTAQ) approved the technical, economic and environmental feasibility study of this extension project.</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">If the annual movement is less than the minimum contractual movement, the subsidiary is liable to pay the difference between the effective movement and the minimum contractual movement, based on the port tariff rates in effect on the date established for payment. As of September 30, 2024, these rates were R$ 9.64 and R$ 3.05 per ton for Aratu and Suape, respectively, and R$ 0.98 per m&#179; for Itaqui. According to contractual conditions and tolerances, as of September 30, 2024, there were no material pending issues regarding the minimum limits of the contract. </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<div style="background-color: #002060; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BN28_510202411355595" class="customBookmark"><font style="color: #ffffff; font-size: 10pt; font-weight: bold; line-height: inherit;">28. Acquisition of Interest and Control</font></a></font></div>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Serra Diesel Transportador Revendedor Retalhista Ltda.</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On September 1, 2023, through the subsidiary Ultrapar Mobilidade Ltda. the Company acquired 60% of the voting share capital of Serra Diesel Transportador Revendedor Retalhista Ltda. (&#8220;Serra Diesel&#8221;), qualifying the transaction as a business combination as defined in IFRS 3 (CPC 15 (R1)) &#8211; Business Combinations. The acquisition complements Ultrapar's operations in the mobility and liquid fuel distribution segment.</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Serra Diesel was established in 2006 and its main activity is the fuel trade carried out by a wholesale carrier-reseller-retailer, with presence in the southern region of Brazil.</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="line-height: inherit;">The initial payment, including the capital contribution in the amount of R$ 16,193, totaled R$ 21,193. The remaining amount of R$ 4,816</font><font style="line-height: inherit;">,</font><font style="line-height: inherit;"> was recorded under &#8220;Other payables&#8221; and paid after the contractual clauses have been fulfilled. </font><font style="line-height: inherit;">The Company, based on applicable accounting standards and supported by an independent appraisal firm, calculated the definitive amounts for the purchase price allocation as of August 31 and determined the final goodwill in the amount of R$</font><font style="line-height: inherit;">&nbsp;</font><font style="line-height: inherit;">1,413.</font></font></p>
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<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>
















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<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>





















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<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
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<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below summarizes the provisional balances of assets acquired and liabilities assumed on the acquisition date recognized at fair value, subject to adjustment for purchase price allocation and goodwill determination:</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Assets</font></p>




















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</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; width: 90%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash and cash equivalents</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,719</font></p>




















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade receivables</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">28,475</font></p>




















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Inventories</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9,128</font></p>




















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Recoverable taxes</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,551</font></p>




















</td>
















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other receivables</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp; 55</font></p>




















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other investments</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">298</font></p>




















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Right-of-use assets, net</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">25,500</font></p>




















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Property, plant and equipment, net</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">41,938</font></p>




















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Intangible assets, net</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="font-family: Aptos; font-size: 10pt; line-height: inherit; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11,634</font></p>




















</td>
















</tr>





































</table>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 156px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; width: 90%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Liabilities</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Loans and financing</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">17,337</font></p>




















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade payables</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">26,965</font></p>




















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Salaries and related charges</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,933</font></p>




















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Taxes payable, income and social contribution taxes payable</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp; 376</font></p>




















</td>
















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Leases payable</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">25,500</font></p>




















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other payables</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,194</font></p>




















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Goodwill based on expected future profitability</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,413</font></p>




















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Non-controlling interests</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16,397</font></p>




















</td>
















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Assets and liabilities consolidated in the opening balance</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px; background-color: #cceeff;">
<p style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">26,009</font></p>




















</td>
















</tr>





































</table>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 162px; width: 100%;" width="100%">

<tr>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 90%;" colspan="2"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 10%;"><br></td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Assets acquired</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">72,779</font></p>




















</td>
















</tr>
<tr style="height: 13px;">
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 13px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Liabilities assumed</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 13px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">48,183</font></p>




















</td>
















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Goodwill based on expected future profitability</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">1,413</font></p>




















</td>
















</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




















</td>
















</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Acquisition value</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">26,009</font></p>




















</td>
















</tr>
<tr style="height: 18px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Comprised by</font></p>




















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Cash</font></p>




















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">5,000</font></p>




















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Acquisition of ownership interest via capital contribution (as non-controlling interests)</font></p>




















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">16,193</font></p>




















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Contingent consideration to be settled</font></p>




















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">4,816</font></p>




















</td>
















</tr>
<tr style="height: 18px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Total consideration</font></p>




















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">26,009</font></p>




















</td>
















</tr>





































</table>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 96px; width: 100%;" width="100%">

<tr style="background-color: #cceeff; height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 10px;"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 10px;"><br></td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; width: 90%;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Net cash outflow resulting from acquisition </font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Initial consideration in cash</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(5,000)</font></p>




















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Contingent consideration settled</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(4,816)</font></p>




















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Cash and cash equivalents acquired</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">1,719</font></p>




















</td>
















</tr>
<tr style="height: 18px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">(8,096)</font></p>




















</td>
















</tr>





































</table>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;">&nbsp;</p>












</div>
<div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>















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<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>
















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<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>





















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<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>
















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<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
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</table>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><br></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Opla - Terminal de Combust&#237;veis Paul&#237;nia S.A.</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">On July 1, 2023, through its subsidiary Ultracargo Log&#237;stica S.A., the Company acquired a 50% interest in Terminal de Combust&#237;veis Paul&#237;nia S.A. (&#8220;Opla&#8221;), qualifying the transaction as an acquisition of a joint venture as defined in IAS 28 (CPC 18 (R2) &#8211; Investments in Associates and Joint Ventures) and IFRS 11 (CPC 19 (R2) - Joint Arrangements). The acquisition of interest in Opla marked Ultracargo's entry into the inland liquid bulk storage and logistics segment, integrated with port terminals, in line with its growth plan. With the acquisition, Ultracargo and BP Biofuels Brazil Investments Ltd. (&#8220;BP&#8221;) become joint ventures of Opla.</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The total amount of the operation </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">was</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> R$ 237,500 subject to working capital and net debt adjustments. The purchase price includes the transaction amount, including estimated working capital and net debt adjustments. The transaction was paid in a single installment of R$ 210,096 on July 1, 2023. The Company, based on applicable accounting standards and supported by an independent appraisal firm, calculated the definitive amounts for the purchase price allocation as of June 30, 2024, and determined the final goodwill in the amount of R$117,306.</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The following table summarizes the balances of assets acquired and liabilities assumed at fair value on the acquisition date, including goodwill determination:</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: Arial; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 90%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Assets</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash and cash equivalents</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,248</font></p>




















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade receivables</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,107</font></p>




















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Recoverable taxes</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">402</font></p>




















</td>
















</tr>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other receivables and other assets</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,057</font></p>




















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Property, plant and equipment, net</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">248,951</font></p>




















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Intangible assets, net</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10,441</font></p>




















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Liabilities</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Loans and financing</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">44,568</font></p>




















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade payables</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">911</font></p>




















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Salaries and related charges</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,430</font></p>




















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Taxes payable, income and social contribution taxes payable</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp; 13,974</font></p>




















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other payables</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">23,923</font></p>




















</td>
















</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Fair value of investee&#8217;s assets and liabilities</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">185,580</font></p>




















</td>
















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Fair value of assets and liabilities according to Ultracargo's interest</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">92,790</font></p>




















</td>
















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Goodwill based on expected future profitability</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">117,306</font></p>




















</td>
















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Acquisition value</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">210,096</font></p>




















</td>
















</tr>





































</table>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The goodwill determined on the operation is based on the expected future profitability and on the synergy with the operations of Ultracargo, supported by the appraisal report, after allocation of the identified assets. The goodwill is expected to be deductible for income tax purposes.</font></p>












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<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>73</font></font></td>















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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>















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<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>
















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<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>





















</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>
















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>
















</tr>


































</table>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><br></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the process of identifying assets and liabilities, intangible assets that were not recognized in the books of the acquired entity were also considered, as shown below:</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>




















</td>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">R$</font></p>




















</td>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




















</td>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Useful life</font></p>




















</td>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>




















</td>
<td style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Amortization method</font></p>




















</td>




















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; width: 68%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Licenses</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">612</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">5 years</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Straight line</font></p>




















</td>




















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Customer list and relationship</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">4,609</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">6 years</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Straight line</font></p>




















</td>




















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">5,221</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




















</td>




















</tr>









































</table>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: Arial; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Hidrovias do Brasil S.A.</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">In 2023, the Company began the process of acquiring an interest in Hidrovias do Brasil S.A. (&#8220;Hidrovias&#8221;), through the purchase of a 4.99% direct interest and a 4.99% indirect interest, through Total Return Swaps (&#8220;TRS&#8221;), recognized as financial asset and measured at fair value in accordance with IFRS 9/CPC 48. On March 18, 2024, the Company contributed its direct interest to its subsidiary Ultrapar Log&#237;stica Ltda. and settled the TRS. From this date, all transactions have been carried out through the subsidiary Ultrapar Log&#237;stica Ltda. </font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">On May 7, 2024, the subsidiary Ultrapar Log&#237;stica completed the purchase of 128,369,488 shares from P&#225;tria Investimentos that represented 16.88% of its share capital of Hidrovias, for R$</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">3.98/share. </font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">In May 2024, when obtaining sufficient evidence demonstrating its power to exert significant influence on decisions regarding Hidrovias' financial and operational policies, the subsidiary Ultrapar Log&#237;stica began to recognize its interest in Hidrovias as an investment in an associate with significant influence, in accordance with IAS 28/CPC 18. </font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">In the period ended September 30, 2024, after the purchases of interests additional to those mentioned above, subsidiary Ultrapar Log&#237;stica totaled an interest equivalent to 39.98% of Hidrovias' share capital.</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The transaction amounts&#8203;for acquiring an interest in Hidrovias are shown below:&nbsp; </font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: Arial; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 90%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Amount paid for the acquisition of shares &#8211; financial asset</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">579,066</font></p>




















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Gain (loss) on fair value adjustment of financial assets</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">66,267</font></p>




















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total financial asset transferred to the investments line item</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">645,333</font></p>




















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Subsequent acquisitions of additional interests</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">647,201</font></p>




















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total investment in Hidrovias (A)</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,292,534</font></p>




















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Participation equivalent to equity of the associate (B)</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">534,639</font></p>




















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Provisional goodwill on acquisition of investment (A-B)</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">757,895</font></p>




















</td>
















</tr>





































</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company, based on applicable accounting standards and supported by an independent appraisal firm, is determining the statement of financial position as at the acquisition date, the fair value of assets and liabilities, and the purchase price allocation (&#8220;PPA&#8221;) will be completed in 2025.</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><br></p>












</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>74</font></font></td>















</tr>































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>















</div>
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 99.9182%; margin: 0px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>
















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>





















</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>
















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>
















</tr>


































</table>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><br></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">d. WTZ Participa&#231;&#245;es S.A.</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On September 1, 2024, through the subsidiary Cia Ultragaz, the Company acquired 51.7% of the voting share capital of WTZ Participa&#231;&#245;es S.A. (&#8220;Witzler&#8221;). The transaction qualifies as a business combination as defined in IFRS 3 (CPC 15 (R1)) &#8211; Business Combinations. This acquisition is in line with Ultragaz's strategy to expand its offering of energy solutions to its customers, leveraging on its capillarity, commercial strength, brand and extensive base of corporate and residential customers.</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Witzler was founded in 2015 and its main activities are the sale of electric energy in the free market and energy management, with a national presence. </font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="line-height: inherit;">The initial payment, including the capital contribution of R$49,490, totaled R$104,490. The remaining transaction amount of R$45,384 was recorded under &#8220;Other payables&#8221; and will be paid after the contractual clauses have been fulfilled. The Company, based on applicable accounting standards and supported by an independent appraisal firm, is determining the statement of financial position as at the acquisition date, the fair value of assets and liabilities and, consequently, goodwill. The provisional goodwill determined is R$56,791.</font><font style="line-height: inherit;"> The purchase price allocation (&#8220;PPA&#8221;) will be completed in 2025. </font></font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below summarizes the balances of assets acquired and liabilities consolidated on the acquisition date, subject to adjustment for purchase price allocation and goodwill determination:</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Arial; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 326px; width: 100%;" width="100%">

<tr style="height: 19px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Assets</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




















</td>
















</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 90%; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Cash and cash equivalents</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 10%; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">5,399</font></p>




















</td>
















</tr>
<tr style="height: 19px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Trade receivables</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">33,168</font></p>




















</td>
















</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Recoverable taxes</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">3,036</font></p>




















</td>
















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Prepaid expenses</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">170</font></p>




















</td>
















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Other receivables</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;306</font></p>




















</td>
















</tr>
<tr style="height: 19px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Other investments</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">5</font></p>




















</td>
















</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Property, plant and equipment, net</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">1,684</font></p>




















</td>
















</tr>
<tr style="height: 19px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Intangible assets, net</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">11</font></p>




















</td>
















</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Derivative instruments</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">200,686</font></p>




















</td>
















</tr>
<tr style="height: 19px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Liabilities</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




















</td>
















</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Loans and financing</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">68</font></p>




















</td>
















</tr>
<tr style="height: 19px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Trade payables</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">27,192</font></p>




















</td>
















</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Salaries and related charges</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">2,533</font></p>




















</td>
















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Taxes payable, income and social contribution taxes payable</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp; 81,112</font></p>




















</td>
















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Other payables</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">3,004</font></p>




















</td>
















</tr>
<tr style="height: 19px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Goodwill based on expected future profitability</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">56,791</font></p>




















</td>
















</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Non-controlling interests</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">63,058</font></p>




















</td>
















</tr>
<tr style="height: 20px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 20px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Assets and liabilities consolidated in the opening balance</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 20px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">124,288</font></p>




















</td>
















</tr>





































</table>
<p style="margin: 0px; text-indent: 0px;">&nbsp;</p>












</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>75</font></font></td>















</tr>































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>















</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<table style="width: 99.9182%; margin: 0px; height: 44px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 17.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; vertical-align: top; width: 43.9853%;" valign="top"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>
















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px;">
<p style="margin: 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 10pt;">Notes to the interim financial
information</font></b><b><font style="font-size: 10pt;"></font></b></font></p>





















</td>
<td style="vertical-align: top; width: 43.9853%; height: 17px;"><br></td>
















</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom: 1.5pt solid #000080;"><font style="font-family: 'times new roman', times;"><b style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; /* background-color: #ffffff; */text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-size: 10pt;">For the period ended September 30, 2024</font></b></font></td>
<td style="vertical-align: top; border-bottom: 1.5pt solid #000080; width: 43.9853%; height: 17px;"><br></td>
















</tr>


































</table>
<p style="margin: 0px; text-indent: 0px;">&nbsp;</p>
















</div>
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 50px; width: 100%;" width="100%">

<tr style="background-color: #cceeff; height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 10px; width: 90%;"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 10px; width: 10%;"><br></td>
















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Assets acquired</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">126,388</font></p>




















</td>
















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Liabilities assumed</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">58,891</font></p>




















</td>
















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Goodwill based on expected future profitability&nbsp;</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">56,791</font></p>




















</td>
















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Acquisition value</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; background-color: #cceeff; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">124,288</font></p>




















</td>
















</tr>





































</table>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 85px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 90%; height: 17px;"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 10%; height: 17px;"><br></td>
















</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 80%; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Comprised by</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 20%; background-color: #cceeff; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




















</td>
















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 80%; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 20%; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">55,000</font></p>




















</td>
















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 80%; background-color: #cceeff; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Acquisition of ownership interest via capital contribution (as non-controlling interests)</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20%; background-color: #cceeff; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">23,904</font></p>




















</td>
















</tr>
<tr style="height: 19px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 80%; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Contingent consideration to be settled</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 20%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 19px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">45,384</font></p>




















</td>
















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 80%; background-color: #cceeff; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total consideration</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 20%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; line-height: inherit; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">124,288</font></p>




















</td>
















</tr>





































</table>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 76px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; width: 90%;"><br></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; width: 10%;"><br></td>
















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net cash outflow resulting from acquisition</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




















</td>
















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Initial consideration in cash</font></p>




















</td>
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<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(55,000)</font></p>




















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<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash and cash equivalents acquired</font></p>




















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<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,399</font></p>




















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<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Acquisition value</font></p>




















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<p style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(49,601)</font></p>




















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<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman'; font-size: 10pt;">&nbsp;</font></p><div style="font-family: 'times new roman', times; font-size: 10pt;">
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<p style="color: #ffffff; font-family: calibri; font-size: 12pt; font-weight: bold;"><font style="color: #ffffff; font-family: calibri; font-size: 18pt; font-weight: bold;">3Q24 Earnings Release</font></p>




















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<td style="height: 10px; width: 43.9853%; vertical-align: middle; background-color: #00458c; margin-left: 0.1px;" valign="middle"><font style="font-family: 'times new roman', times;"><img src="img53f541c261e449c3b37c.jpg" style="float: right;" alt="Graphics"></font></td>





























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<p style="margin: 0pt; text-align: justify;"><font style="color: #051373; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #00458c; font-weight: bold; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="color: #00458c; font-weight: bold; font-family: 'times new roman', times; font-size: 10pt;"><a href="#TOC" name="Berr_1210202471632813" class="customBookmark" style="color: #00458c; cursor: default; pointer-events: none; outline: none; text-decoration: none;"><font style="color: #00458c; font-weight: bold; font-family: 'times new roman', times; font-size: 10pt;">S&#227;o</font></a></font> Paulo, </font><font style="color: #00458c; font-weight: bold; line-height: inherit;">N</font><font style="color: #00458c; font-weight: bold; line-height: inherit;">ovem</font><font style="color: #00458c; font-weight: bold; line-height: inherit;">ber</font><font style="color: #00458c; font-weight: bold; line-height: inherit;"> 13,</font><font style="color: #00458c; font-weight: bold; line-height: inherit;"> 2024</font> <font style="color: #05289b; line-height: inherit;">&#8211; </font><font style="color: #00458c; font-weight: bold; line-height: inherit;">Ultrapar </font><font style="color: #00458c; font-weight: bold; line-height: inherit;">Participa&#231;&#245;es</font><font style="color: #00458c; font-weight: bold; line-height: inherit;"> S.A</font><font style="color: #00458c; font-weight: bold; line-height: inherit;">.</font> (&#8220;Company&#8221; or &#8220;Ultrapar&#8221;, B3: UGPA3 / NYSE: UGP), operating in energy, mobility, and logistics infrastructure through Ipiranga, Ultragaz, Ultracargo and Hidrovias do Brasil (B3: HBSA3, &#8220;Hidrovias&#8221;), today announces its results for the third quarter of 2024.&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Net revenues</font></p>































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #ffffff; font-size: 12pt; font-weight: bold;">Adjusted </font><font style="color: #ffffff; font-size: 12pt; font-weight: bold;">EBITDA</font><font style="color: #ffffff; font-size: 12pt; font-weight: bold;">&#185;</font></font></p>































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #ffffff; font-size: 12pt; font-weight: bold;">Recurring Adjusted </font><font style="color: #ffffff; font-size: 12pt; font-weight: bold;">EBITDA&#185;</font></font></p>































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 14pt; font-weight: bold;">R$ </font><font style="font-size: 14pt; font-weight: bold;">3</font><font style="font-size: 14pt; font-weight: bold;">5</font></font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 14pt; font-weight: bold;">bil</font><font style="font-size: 14pt; font-weight: bold;">lion</font></font></p>































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 14pt; font-weight: bold;">R$ </font><font style="font-size: 14pt; font-weight: bold;">1</font><font style="font-size: 14pt; font-weight: bold;">.</font><font style="font-size: 14pt; font-weight: bold;">5</font></font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 14pt; font-weight: bold;">b</font><font style="font-size: 14pt; font-weight: bold;">il</font><font style="font-size: 14pt; font-weight: bold;">lion</font></font></p>































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<p style="font-family: Aptos; font-size: 14pt; font-weight: bold; text-align: center;"><font style="font-size: 14pt; font-weight: bold;"><font style="font-size: 14pt; font-weight: bold;">R$ </font><font style="font-size: 14pt; font-weight: bold;">1</font><font style="font-size: 14pt; font-weight: bold;">.</font><font style="font-size: 14pt; font-weight: bold;">5</font></font><br><font style="font-size: 14pt; font-weight: bold;"><font style="font-size: 14pt; font-weight: bold;">bil</font><font style="font-size: 14pt; font-weight: bold;">lion</font></font></p>































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<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Net income</font></p>































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<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Cash generation from operations</font></p>































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #ffffff; font-size: 12pt; font-weight: bold;">Investment</font><font style="color: #ffffff; font-size: 12pt; font-weight: bold;">s</font></font></p>































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 14pt; font-weight: bold;">R$ </font><font style="font-size: 14pt; font-weight: bold;">698</font></font><br><font style="font-family: 'times new roman', times;"><font style="font-size: 14pt; font-weight: bold;">m</font><font style="font-size: 14pt; font-weight: bold;">il</font><font style="font-size: 14pt; font-weight: bold;">lion</font></font></p>































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<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 175.4pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 14pt; font-weight: bold;">R$ </font><font style="font-size: 14pt; font-weight: bold;">780</font></font><br><font style="font-family: 'times new roman', times;"><font style="font-size: 14pt; font-weight: bold;">m</font><font style="font-size: 14pt; font-weight: bold;">il</font><font style="font-size: 14pt; font-weight: bold;">lion</font></font></p>































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<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 175.4pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 14pt; font-weight: bold;">R$</font> <font style="font-size: 14pt; font-weight: bold;">519</font></font><br><font style="font-family: 'times new roman', times;"><font style="font-size: 14pt; font-weight: bold;">mil</font><font style="font-size: 14pt; font-weight: bold;">lion</font></font></p>































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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>
<p style="font-size: 7pt; line-height: 108%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 7pt;"><sup><font style="color: #051273;">1 </font></sup>Accounting adjustments and non-recurring items described in the EBITDA calculation table &#8211; page 2</font></p>
<p style="font-size: 12pt; line-height: 108%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="color: #3cbfbe; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Highlights</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; font-weight: bold;">Continuity of good operating results </font><font style="font-size: 10pt;">of Ultrapar.</font> </font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; font-weight: bold;">Issuance of debentures </font><font style="font-size: 10pt;">by Ultragaz</font> <font style="font-size: 10pt;">in July, in the amount </font><font style="font-size: 10pt; font-weight: bold;">of R$ 700 million</font><font style="font-size: 10pt;">, at a cost equivalent to </font><font style="font-size: 10pt; font-weight: bold;">CDI + 0.7%</font><font style="font-size: 10pt;"> per year (below the average cost of gross debt). </font></font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; font-weight: bold;">Receipt of the last installment from the sale of </font><font style="font-size: 10pt; font-weight: bold;">Extrafarma</font><font style="font-size: 10pt;">, in the amount of R$ 222 million on August 1</font><font style="font-size: 6.67pt; vertical-align: super;">st</font><font style="font-size: 10pt;"> by Ultrapar.</font></font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; font-weight: bold;">Ultrapar&#8217;s</font><font style="font-size: 10pt; font-weight: bold;"> intention to exercise its preemptive right </font><font style="font-size: 10pt;">in the subscription</font><font style="font-size: 10pt;"> of shares to be issued by </font><font style="font-size: 10pt; font-weight: bold;">Hidrovias</font> <font style="font-size: 10pt;">due to the capital increase of up to R$ 1.5 billion at an issuance price of R$ 3.40/share, as approved at the Extraordinary General Meeting held by </font><font style="font-size: 10pt;">Hidrovias</font><font style="font-size: 10pt;"> on October 1<font style="font-size: 8pt;"><sup>st</sup></font></font><font style="font-size: 10pt;">. </font></font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; font-weight: bold;">Closing</font><font style="font-size: 10pt; font-weight: bold;"> of the acquisition </font><font style="font-size: 10pt;">of </font><font style="font-size: 10pt;">Ultragaz&#8217;s</font><font style="font-size: 10pt;"> stake </font><font style="font-size: 10pt;">of 51.7% </font><font style="font-size: 10pt;">in </font><font style="font-size: 10pt; font-weight: bold;">Witzler</font> <font style="font-size: 10pt;">and the start of the implementation of the business plan</font><font style="font-size: 10pt;">. </font></font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; font-weight: bold;">Hosting of</font> <font style="font-size: 10pt; font-weight: bold;">Ultra Day 2024</font><font style="font-size: 10pt;">, the annual event with investors and analysts to discuss the strategy of the Company and its businesses.</font></font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 27.6pt; padding-left: 8.4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; font-weight: bold;">Contract of</font><font style="font-size: 10pt; font-weight: bold;"> debt by </font><font style="font-size: 10pt; font-weight: bold;">Ultracargo</font> <font style="font-size: 10pt;">with Banco do Nordeste</font> <font style="font-size: 10pt;">to partially finance</font><font style="font-size: 10pt;"> its expan</font><font style="font-size: 10pt;">sions in the</font><font style="font-size: 10pt;"> amount of R$ 252 million, </font><font style="font-size: 10pt;">with </font><font style="font-size: 10pt;">a </font><font style="font-size: 10pt;">term of </font><font style="font-size: 10pt;">17</font> <font style="font-size: 10pt;">year</font><font style="font-size: 10pt;">s</font><font style="font-size: 10pt;"> and a</font> <font style="font-size: 10pt;">cost of IPCA + 2.</font><font style="font-size: 10pt;">93</font><font style="font-size: 10pt;">%</font><font style="font-size: 10pt;"> per year</font><font style="font-size: 10pt;">, equivalent to </font><font style="font-size: 10pt; font-weight: bold;">approximately 65% of the CDI</font><font style="font-size: 10pt;">.</font></font></li>































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<td style="width: 55.9738%; height: 10px; vertical-align: middle; border-bottom: 1.5pt solid #000080;" valign="middle"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 18pt; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3Q24</font></td>
<td style="height: 10px; width: 43.9853%; vertical-align: middle; border-bottom: 1.5pt solid #000080;" valign="middle"><font style="font-family: 'times new roman', times;"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></font></td>



























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<p style="color: #3cbfbe; font-family: Aptos; font-size: 12pt; font-weight: bold;"><font style="color: #3cbfbe; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Considerations on the financial and operational information</font></p>































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</table>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 10pt; line-height: inherit;">The financial information presented on this document were extracted from the individual and consolidated interim financial information ("Quarterly Information") for the three months period ended on September 30, 2024, and prepared in accordance with the pronouncement CPC 21 (R1) - Interim Financial Reporting and the International Accounting Standard IAS 34 issued by the International Accounting Standards Board ("IASB"), and presented in accordance with the applicable rules for Quarterly Information, issued by the Brazilian Securities and Exchange Commission (&#8220;CVM&#8221;)</font><font style="font-size: 10pt; line-height: inherit;">.</font> <font style="font-size: 10pt; line-height: inherit;">The result of </font><font style="font-size: 10pt; line-height: inherit;">Hidrovias</font> <font style="font-size: 10pt; line-height: inherit;">is</font> <font style="font-size: 10pt; line-height: inherit;">accounted for with a two-month </font><font style="font-size: 10pt; line-height: inherit;">delay</font><font style="font-size: 10pt; line-height: inherit;">, impacting </font><font style="font-size: 10pt; line-height: inherit;">Ultrapar&#8217;s</font><font style="font-size: 10pt; line-height: inherit;"> result through </font><font style="font-size: 10pt; line-height: inherit;">the </font><font style="font-size: 10pt; line-height: inherit;">&#8220;share of profit (loss) of subsidiaries, joint ventures and associates&#8221; line</font><font style="font-size: 10pt; line-height: inherit;"> starting from July 2024</font><font style="font-size: 10pt; line-height: inherit;">. </font><font style="font-size: 10pt; line-height: inherit;">The information on Ipiranga, Ultragaz&nbsp;and&nbsp;</font><font style="font-size: 10pt; line-height: inherit;">Ultracargo</font><font style="font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-size: 10pt; line-height: inherit;">is</font><font style="font-size: 10pt; line-height: inherit;"> presented without the elimination of intersegment transactions. Therefore, the sum of such information may not correspond to </font><font style="font-size: 10pt; line-height: inherit;">Ultrapar&#8217;s</font><font style="font-size: 10pt; line-height: inherit;"> consolidated information. Additionally, the financial and operational information is subject to rounding and, consequently, the total amounts presented in the tables and charts may differ from the direct numerical sum of the amounts that precede them.&nbsp;</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 7px 0px 0px 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Information denominated EBITDA (Earnings Before Interests, Taxes on Income and Social Contribution on Net Income, Depreciation and Amortization); Adjusted EBITDA &#8211; adjusted by the amortization of contractual assets with customers &#8211; exclusive rights and by the amortization of fair value adjustments on associates acquisition; Recurring Adjusted EBITDA &#8211; adjusted by non-recurring items; and EBIT (Earnings Before Interest and Taxes on Income and Social Contribution on Net Income) are presented in accordance to Resolution 156, issued by the CVM on June 23, 2022. The calculation of EBITDA based on net income is shown below:</font></p>
<p style="font-size: 7pt; line-height: 108%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-style: italic;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 382px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td rowspan="2" style="background-color: #00458c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; height: 20px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #ffffff;">R$ mil</font><font style="color: #ffffff;">lion</font></font></p>































</td>
<td colspan="3" style="background-color: #00458c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-top-color: #8d8b8c !important; border-right-color: #8d8b8c !important; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 9pt;">Quarter </font></p>































</td>
<td colspan="2" style="background-color: #00458c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-top-color: #8d8b8c !important; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 9pt;">YTD</font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-top-color: #8d8b8c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #ffffff;"> 3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">24 </font></font></p>































</td>
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; font-size: 8pt; border-top-color: #8d8b8c !important; border-bottom-color: #00458c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #ffffff;"> 3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">23 </font></font></p>































</td>
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-top-color: #8d8b8c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #ffffff;"> 2</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">24 </font></font></p>































</td>
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; font-size: 8pt; border-top-color: #8d8b8c !important; border-bottom-color: #00458c !important;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 9pt;"> 9M24 </font></p>































</td>
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-top-color: #8d8b8c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 9pt;"> 9M23 </font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; width: 60%; height: 10px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important;">
<p style="margin: 0pt;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">Net income</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; width: 8%; height: 10px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> 698 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 8%; height: 10px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 9pt;"> 891 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; width: 8%; height: 10px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 9pt;"> 491 </font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 8%; height: 10px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #00458c; font-weight: bold;"> 1</font><font style="color: #00458c; font-weight: bold;">,</font><font style="color: #00458c; font-weight: bold;">645 </font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; width: 8%; height: 10px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #00458c;"> 1</font><font style="color: #00458c;">,</font><font style="color: #00458c;">404 </font></font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">(+) Income and social contribution taxes</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 308 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 386 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 193 </font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 710 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 538 </font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">(+) Net financial (income) expenses</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 108 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 301 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 206 </font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 597 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 829 </font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">(+) Depreciation and amortization</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 275 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 279 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 322 </font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 874 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 828 </font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important;">
<p style="margin: 0pt;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">EBITDA</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #00458c; font-weight: bold;"> 1</font><font style="color: #00458c; font-weight: bold;">,</font><font style="color: #00458c; font-weight: bold;">389 </font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #00458c;"> 1</font><font style="color: #00458c;">,</font><font style="color: #00458c;">858 </font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #00458c;"> 1</font><font style="color: #00458c;">,</font><font style="color: #00458c;">212 </font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #00458c; font-weight: bold;"> 3</font><font style="color: #00458c; font-weight: bold;">,</font><font style="color: #00458c; font-weight: bold;">826 </font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #00458c;"> 3</font><font style="color: #00458c;">,</font><font style="color: #00458c;">598 </font></font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-top-color: #00458c !important; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-align: center;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">Accounting adjustment</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">(+) Amortization of contractual assets with customers - exclusive rights</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 148 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 143 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 122 </font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 403 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 446 </font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">(+) Amortization of fair value adjustments on associates acquisition</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 0 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 2 </font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 2 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important;">
<p style="margin: 0pt;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">Adjusted EBITDA</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> 1,537 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 9pt;"> 2,001 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 9pt;"> 1,336 </font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> 4,231 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 9pt;"> 4,044 </font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Ipiranga&#185;</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">967 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 1,493 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">817 </font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 2,604 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 2,541 </font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Ultragaz</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 448 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 453 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 414 </font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 1,263 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 1,242 </font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Ultracargo</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 168 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 173 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 165 </font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 498 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 476 </font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Holding, Hidrovias and other companies&#185;</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Holding</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (52)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (54)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (53)</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (145)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (156)</font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Hidrovias</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 9 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 9 </font></p>































</td>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Other companies</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (4)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (4)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (8)</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (14)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 1 </font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Extraordinary expenses/provisions and post-closing adjustments from the sales of Oxiteno and Extrafarma</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 16 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0pt 0pt 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Elimination of the sale of the Rondon&#243;polis base</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (59)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (59)</font></p>































</td>



























</tr>
<tr style="height: 15px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 15px; font-size: 8pt; border-left-color: #8c8b8d !important;"><br></td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 15px; font-size: 8pt; border-left-color: #8d8b8c !important;"><br></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 15px; font-size: 8pt;"><br></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 15px; font-size: 8pt; border-right-color: #8d8b8c !important;"><br></td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 15px; font-size: 8pt;"><br></td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 15px; font-size: 8pt; border-right-color: #8d8b8c !important;"><br></td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">Non-recurring items that affected EBITDA</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">(-) Results from disposal of assets (Ipiranga)</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (31)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (68)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (36)</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (104)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (155)</font></p>































</td>



























</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 17px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">(-) Earnout Stella (Ultragaz)</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 17px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 17px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (17)</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (17)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 17px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>



























</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 17px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">(-) Extraordinary expenses/provisions and post-closing adjustments from the sales of Oxiteno and Extrafarma</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 17px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 17px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (16)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 17px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>



























</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 17px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">(+) Elimination of the sale of the Rondon&#243;polis base</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 17px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 59 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 17px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 17px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 59 </font></p>































</td>



























</tr>
<tr style="height: 12px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; height: 12px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important;">
<p style="margin: 0pt;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">Recurring Adjusted EBITDA</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; height: 12px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> 1,506 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 12px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 9pt;"> 1,992 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; height: 12px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 9pt;"> 1,282 </font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 12px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> 4,093 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; height: 12px; font-size: 8pt; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 9pt;"> 3,948 </font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Ipiranga&#185;</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 936 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 1,425 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 781 </font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 2,499 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 2,386 </font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Ultragaz</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 448 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 453 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 397 </font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 1,246 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 1,242 </font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Ultracargo</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 168 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 173 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 165 </font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 498 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">476 </font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="font-family: 'times new roman', times; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important; border-left-width: 1px; border-left-style: solid;">
<p style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Holding, Hidrovias and other companies<sup>1</sup></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>































</td>



























</tr>
<tr style="height: 14px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 14px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Holding</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 14px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (52)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 14px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (54)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 14px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (53)</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 14px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (145)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 14px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (156)</font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Hidrovias</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 9 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; font-size: 8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 9 </font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">-</font></p>































</td>



























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-bottom-color: #8c8b8d !important; border-left-color: #8c8b8d !important;">
<p style="margin: 0pt; text-indent: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Other companies</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; height: 10px; font-size: 8pt; border-bottom-color: #8d8b8c !important; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (4)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; font-size: 8pt; border-bottom-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (4)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-bottom-color: #8d8b8c !important; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (8)</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; font-size: 8pt; border-bottom-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> (14)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; height: 10px; font-size: 8pt; border-bottom-color: #8d8b8c !important; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"> 1 </font></p>































</td>



























</tr>



























































</table>
<p style="font-size: 7pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt;"><sup>1</sup> Balance prior to 2024 were restated between Ipiranga and other companies, reflecting the new organizational structure of KMV (formerly abastece a&#237;).&nbsp;</font></p>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>78</font></font></td>





























</tr>



























































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>





























</div>
<table style="width: 99.9182%; margin-left: 0.1px; height: 27px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: middle; border-bottom: 1.5pt solid #000080;" valign="middle"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 18pt; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3Q24</font></td>
<td style="height: 10px; width: 43.9853%; vertical-align: middle; border-bottom: 1.5pt solid #000080;" valign="middle"><font style="font-family: 'times new roman', times;"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></font></td>



























</tr>

























































</table>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; color: #00458c; font-weight: bold;">R$ million</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 204px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td rowspan="2" style="background-color: #00458c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 34px;">
<p style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">ULTRAPAR</font></p>































</td>
<td colspan="5" style="background-color: #00458c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #8d8b8c !important; border-right-color: #8d8b8c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt;">Quarter</font></p>































</td>
<td colspan="4" style="background-color: #00458c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #8d8b8c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt;">YTD</font></p>































</td>














</tr>
<tr style="height: 17px;">
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">24</font></font></p>































</td>
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">23</font></font></p>































</td>
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">2</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">24</font></font></p>































</td>
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">24 x 3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">23</font></font></p>































</td>
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">24 x 2</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">24</font></font></p>































</td>
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt;">9M24</font></p>































</td>
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt;">9M23</font></p>































</td>
<td colspan="2" style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt;">9M24 x 9M23</font></p>































</td>














</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px; width: 44%;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">Net revenues</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">35,358</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">32,484</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">32,344</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">9%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">9%</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">98,098</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">92,628</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">6%</font></p>































</td>














</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important; height: 17px;">
<p style="margin: 0pt;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Adjusted EBITDA</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,537</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">2,001</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">1,336</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">-23%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">15%</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">4,231</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">4,044</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">5%</font></p>































</td>














</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important; height: 17px;">
<p style="margin: 0pt;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Recurring Adjusted EBITDA&#185;</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,506</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">1,992</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">1,282</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">-24%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">17%</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">4,093</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">3,948</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">4%</font></p>































</td>














</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; height: 17px; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">Depreciation and amortization&#178;</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">423</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">423</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">446</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">0%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">-5%</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">1,279</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">1,274</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">0%</font></p>































</td>














</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">Financial result</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(108)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(301)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(206)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">-64%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">-47%</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(597)</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(829)</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">-28%</font></p>































</td>














</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #8d8b8c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important; height: 17px;">
<p style="margin: 0pt;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net income</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">698</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">891</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">491</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">-22%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">42%</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,645</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">1,404</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">17%</font></p>































</td>














</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">Investments</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">519</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">380</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">479</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">37%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">8%</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">1,437</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">1,130</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">27%</font></p>































</td>














</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important; height: 17px;">
<p style="margin: 0pt;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Cash flow from operating activities</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">780</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">1,901</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">1,298</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">-59%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">-40%</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,505</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">2,088</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important; height: 17px;">
<p style="color: #00458c; font-family: 'times new roman', times; font-size: 8pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">-28%</font></p>































</td>














</tr>














































</table>
<p style="font-size: 7pt; line-height: 108%; margin: 0pt; text-align: justify;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 7pt; font-style: italic;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 100%;"><font style="font-size: 7pt;"><sup>1</sup>&nbsp;Non-recurring items described in the EBITDA calculation table &#8211; page 2</font></td>














</tr>
<tr>
<td style="width: 100%;"><font style="font-size: 7pt;"><sup>2</sup>&nbsp; Includes amortization of contractual assets with customers &#8211; exclusive rights and amortization of fair value adjustments on associates acquisition</font></td>














</tr>





























</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;"><br></font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Net revenues</font><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#8211;</font> <font style="font-size: 10pt; line-height: inherit;">Total </font><font style="font-size: 10pt; line-height: inherit;">of</font><font style="font-size: 10pt; line-height: inherit;"> R$ </font><font style="font-size: 10pt; line-height: inherit;">3</font><font style="font-size: 10pt; line-height: inherit;">5</font><font style="font-size: 10pt; line-height: inherit;">,</font><font style="font-size: 10pt; line-height: inherit;">358</font><font style="font-size: 10pt; line-height: inherit;"> mil</font><font style="font-size: 10pt; line-height: inherit;">lion </font><font style="font-size: 10pt; line-height: inherit;">(</font><font style="font-size: 10pt; line-height: inherit;">+9</font><font style="font-size: 10pt; line-height: inherit;">% </font><font style="font-size: 10pt; line-height: inherit;">vs </font><font style="font-size: 10pt; line-height: inherit;">3</font><font style="font-size: 10pt; line-height: inherit;">Q</font><font style="font-size: 10pt; line-height: inherit;">23</font> <font style="font-size: 10pt; line-height: inherit;">and</font><font style="font-size: 10pt; line-height: inherit;"> 2</font><font style="font-size: 10pt; line-height: inherit;">Q</font><font style="font-size: 10pt; line-height: inherit;">24</font><font style="font-size: 10pt; line-height: inherit;">), </font><font style="font-size: 10pt; line-height: inherit;">driven by higher revenue</font><font style="font-size: 10pt; line-height: inherit;">s</font><font style="font-size: 10pt; line-height: inherit;"> from Ipiranga and Ultragaz.&nbsp;</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Recurring Adjusted EBITDA</font><font style="font-size: 10pt; line-height: inherit;"> &#8211; Total of R$ 1,506 million (-24% vs 3Q23), due to lower EBITDA from Ipiranga.</font><font style="font-size: 10pt; line-height: inherit;"> Compared to 2Q24, recurring Adjusted EBITDA increased by 17%, mainly due to </font><font style="font-size: 10pt; line-height: inherit;">better</font><font style="font-size: 10pt; line-height: inherit;"> results from Ipiranga and Ultragaz.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Results from the Holding</font><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">, </font><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Hidrovias</font><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;"> and other companies </font><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">&#8211; </font><font style="font-size: 10pt; line-height: inherit;">Ultrapar recorded a negative result of R$ 46 million from the Holding</font><font style="font-size: 10pt; line-height: inherit;">, </font><font style="font-size: 10pt; line-height: inherit;">Hidrovias</font><font style="font-size: 10pt; line-height: inherit;"> and other companies, comprised of </font><font style="font-size: 10pt; line-height: inherit;">(i) R$ 52 million negative EBITDA from the Holding, (ii) R$ 9 million from </font><font style="font-size: 10pt; line-height: inherit;">Hidrovias</font><font style="font-size: 10pt; line-height: inherit;"> and (iii) R$ 4 million negative EBITDA from other companies, mainly due to the</font> <font style="font-size: 10pt; line-height: inherit;">worse</font> <font style="font-size: 10pt; line-height: inherit;">performance of the</font> <font style="font-size: 10pt; line-height: inherit;">Refinaria</font> <font style="font-size: 10pt; line-height: inherit;">Riograndense</font><font style="font-size: 10pt; line-height: inherit;">.</font> </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Depreciation and amortization &#8211;</font> <font style="font-size: 10pt; line-height: inherit;">Total of R$ 423 million, stable compared to 3Q23 and 5% lower compared to 2Q24, mainly due to lower depreciation and amortization expenses at Ultragaz.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Financial result &#8211;</font> <font style="font-size: 10pt; line-height: inherit;">Ultrapar recorded a net financial expense of R$ 108 million in 3Q24, an improvement of R$ 192 million compared to 3Q23, mainly due to a lower CDI rate</font><font style="font-size: 10pt; line-height: inherit;"> and </font><font style="font-size: 10pt; line-height: inherit;">the </font><font style="font-size: 10pt; line-height: inherit;">one-</font><font style="font-size: 10pt; line-height: inherit;">off</font> <font style="font-size: 10pt; line-height: inherit;">positive </font><font style="font-size: 10pt; line-height: inherit;">mark-to-market </font><font style="font-size: 10pt; line-height: inherit;">result </font><font style="font-size: 10pt; line-height: inherit;">of </font><font style="font-size: 10pt; line-height: inherit;">R$ </font><font style="font-size: 10pt; line-height: inherit;">5</font><font style="font-size: 10pt; line-height: inherit;">4 million </font><font style="font-size: 10pt; line-height: inherit;">this quarter</font><font style="font-size: 10pt; line-height: inherit;">. Compared to 2Q24, when net financial expense</font><font style="font-size: 10pt; line-height: inherit;">s</font><font style="font-size: 10pt; line-height: inherit;"> w</font><font style="font-size: 10pt; line-height: inherit;">ere</font><font style="font-size: 10pt; line-height: inherit;"> R$ 206 million, the difference is mainly explained by the positive mark-to-market result in 3Q24, </font><font style="font-size: 10pt; line-height: inherit;">compared to </font><font style="font-size: 10pt; line-height: inherit;">the</font><font style="font-size: 10pt; line-height: inherit;"> one-</font><font style="font-size: 10pt; line-height: inherit;">off</font><font style="font-size: 10pt; line-height: inherit;"> negative result of R$ 16 million in </font><font style="font-size: 10pt; line-height: inherit;">2Q24.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Net income &#8211;</font> <font style="font-size: 10pt; line-height: inherit;">Total of R$ 698 million (-22% vs 3Q23), due to lower EBITDA, partially offset by lower net financial expense</font><font style="font-size: 10pt; line-height: inherit;">s</font><font style="font-size: 10pt; line-height: inherit;">. Compared to 2Q24, net income increased </font><font style="font-size: 10pt; line-height: inherit;">by </font><font style="font-size: 10pt; line-height: inherit;">42%, due to higher EBITDA and lower net financial </font><font style="font-size: 10pt; line-height: inherit;">expenses</font><font style="font-size: 10pt; line-height: inherit;">.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Cash flow from operating activities &#8211;</font> <font style="font-size: 10pt; line-height: inherit;">Operating cash generation of R$ 780 million in 3Q24, impacted by </font><font style="font-size: 10pt; line-height: inherit;">the</font><font style="font-size: 10pt; line-height: inherit;"> reduction</font><font style="font-size: 10pt; line-height: inherit;"> of </font><font style="font-size: 10pt; line-height: inherit;">R$ 240 million</font><font style="font-size: 10pt; line-height: inherit;"> in draft discount in 3Q24. Compared to the generation of R$ 1,901 million in 3Q23, there was a reduction mainly due to lower EBITDA and higher investment in working capital.&nbsp;</font></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>79</font></font></td>





























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</table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>





























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<td style="width: 55.9738%; height: 10px; vertical-align: middle; border-bottom: 1.5pt solid #000080;" valign="middle"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 18pt; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3Q24</font></td>
<td style="height: 10px; width: 43.9853%; vertical-align: middle; border-bottom: 1.5pt solid #000080;" valign="middle"><font style="font-family: 'times new roman', times;"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></font></td>



























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<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<tr style="height: 17px;">
<td rowspan="2" style="background-color: #00458c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 34px;">
<p style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">IPIRANGA</font></p>































</td>
<td colspan="6" style="background-color: #00458c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #8d8b8c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt;">Quarter</font></p>































</td>
<td colspan="3" style="background-color: #00458c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #8d8b8c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt;">YTD</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">24</font></font></p>































</td>
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">23</font></font></p>































</td>
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">2</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">24</font></font></p>































</td>
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">24 x 3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">23</font></font></p>































</td>
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">24</font><font style="color: #ffffff;"> x 2</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">2</font><font style="color: #ffffff;">4</font></font></p>































</td>
<td colspan="2" style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">9M</font><font style="color: #ffffff;">2</font><font style="color: #ffffff;">4</font></font></p>































</td>
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">9M2</font><font style="color: #ffffff;">3</font></font></p>































</td>
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">9M</font><font style="color: #ffffff;">24 x </font><font style="color: #ffffff;">9M</font><font style="color: #ffffff;">23</font></font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important; height: 17px; width: 44%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c; font-weight: bold;">Total volume</font> <font style="color: #00458c; font-weight: bold;">(</font><font style="color: #00458c; font-weight: bold;">&#8216;</font><font style="color: #00458c; font-weight: bold;">000</font> <font style="color: #00458c; font-weight: bold;">m&#179;</font><font style="color: #00458c; font-weight: bold;">)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c; font-weight: bold;">6</font><font style="color: #00458c; font-weight: bold;">,</font><font style="color: #00458c; font-weight: bold;">123</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c;">5</font><font style="color: #00458c;">,</font><font style="color: #00458c;">915</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c;">5</font><font style="color: #00458c;">,</font><font style="color: #00458c;">850</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">4%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">5%</font></p>































</td>
<td colspan="2" style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c; font-weight: bold;">17</font><font style="color: #00458c; font-weight: bold;">,</font><font style="color: #00458c; font-weight: bold;">556</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c;">17</font><font style="color: #00458c;">,</font><font style="color: #00458c;">006</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">3%</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">Diesel</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #d9e5f1 !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">3</font><font style="color: #262626;">,</font><font style="color: #262626;">283</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">3</font><font style="color: #262626;">,</font><font style="color: #262626;">215</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">3</font><font style="color: #262626;">,</font><font style="color: #262626;">016</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">2%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">9%</font></p>































</td>
<td colspan="2" style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">9</font><font style="color: #262626;">,</font><font style="color: #262626;">049</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">8</font><font style="color: #262626;">,</font><font style="color: #262626;">931</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">1%</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Otto</font><font style="color: #262626;"> cycle</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #d9e5f1 !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">2</font><font style="color: #262626;">,</font><font style="color: #262626;">735</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">2</font><font style="color: #262626;">,</font><font style="color: #262626;">607</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">2</font><font style="color: #262626;">,</font><font style="color: #262626;">727</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">5%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">0%</font></p>































</td>
<td colspan="2" style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">8</font><font style="color: #262626;">,</font><font style="color: #262626;">207</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">7</font><font style="color: #262626;">,</font><font style="color: #262626;">805</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">5%</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">O</font><font style="color: #262626;">thers</font><font style="color: #262626;">&#185;</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">105</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">93</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">107</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">13%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">-1%</font></p>































</td>
<td colspan="2" style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">300</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">270</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">11%</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c; font-weight: bold;">Adjusted </font><font style="color: #00458c; font-weight: bold;">EBITDA</font> <font style="color: #00458c; font-weight: bold;">(R$ million)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">967</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c;">1</font><font style="color: #00458c;">,</font><font style="color: #00458c;">493</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">817</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">-35%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">18%</font></p>































</td>
<td colspan="2" style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c; font-weight: bold;">2</font><font style="color: #00458c; font-weight: bold;">,</font><font style="color: #00458c; font-weight: bold;">604</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c;">2</font><font style="color: #00458c;">,</font><font style="color: #00458c;">541</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">2%</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626; font-style: italic;">Adjusted</font><font style="color: #262626; font-style: italic;"> E</font><font style="color: #262626; font-style: italic;">BITDA </font><font style="color: #262626; font-style: italic;">margin</font> <font style="color: #262626; font-style: italic;">(R$/m&#179;)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">158</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">252</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">140</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">-37%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">13%</font></p>































</td>
<td colspan="2" style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">148</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">149</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">-1%</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">N</font><font style="color: #262626;">on-recurring</font><font style="color: #262626;">&#178;</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">31</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">68</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">36</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">-54%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">-14%</font></p>































</td>
<td colspan="2" style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">104</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">155</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">-33%</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c; font-weight: bold;">Recurring Adjusted </font><font style="color: #00458c; font-weight: bold;">EBITDA</font> <font style="color: #00458c; font-weight: bold;">(R$ million)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">936</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c;">1</font><font style="color: #00458c;">,</font><font style="color: #00458c;">425</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">781</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">-34%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">20%</font></p>































</td>
<td colspan="2" style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c; font-weight: bold;">2</font><font style="color: #00458c; font-weight: bold;">,</font><font style="color: #00458c; font-weight: bold;">499</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c;">2</font><font style="color: #00458c;">,</font><font style="color: #00458c;">386</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">5%</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626; font-style: italic;">Recurring Adjusted</font><font style="color: #262626; font-style: italic;"> EBITDA </font><font style="color: #262626; font-style: italic;">margin </font><font style="color: #262626; font-style: italic;">(R$/m&#179;)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">153</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">241</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">133</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">-37%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">15%</font></p>































</td>
<td colspan="2" style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">142</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">140</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">1%</font></p>































</td>































</tr>
<tr style="height: 34px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c; font-weight: bold;">Recurring Adjusted LTM </font><font style="color: #00458c; font-weight: bold;">EBITDA</font></font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c; font-weight: bold;">(R$ </font><font style="color: #00458c; font-weight: bold;">million)</font><font style="color: #00458c; font-weight: bold;">&#179;</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">3,660</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">2,686</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">4,148</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">36%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">-12%</font></p>































</td>
<td colspan="2" style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #8d8b8c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626; font-style: italic;">Recurring Adjusted LTM EBITDA margin </font><font style="color: #262626; font-style: italic;">(R$/m&#179;)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #8d8b8c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">155</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">117</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #8d8b8c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">177</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">33%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #8d8b8c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">-13%</font></p>































</td>
<td colspan="2" style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #8d8b8c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #8d8b8c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="font-family: 'times new roman', times; font-size: 9pt; font-style: italic;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">&nbsp;</font></p>































</td>































</tr>
<tr style="height: 36px;">
<td colspan="10" style="font-size: 7pt;">
<p style="font-size: 7pt;"><font style="font-size: 7pt;"><sup>1&nbsp;</sup> Fuel oils, arla 32, kerosene, lubricants and greases </font></p>
<p style="font-size: 7pt;"><font style="font-size: 7pt;"><sup>2&nbsp;</sup> Non-recurring items described in the EBITDA calculation table &#8211; page 2</font></p>
<p style="font-size: 9pt; font-family: 'times new roman', times; margin: 0px; text-indent: 0px; line-height: 1.2; text-align: justify;"><font style="font-size: 7pt;"><font style="font-size: 7pt;"><sup>3&nbsp;</sup> Apart from the non-recurring items described on page 2, the LTM EBITDA calculation does not consider (i) in 4Q22: results from disposal of assets of R$ 41 million, credits and provisions of R$ 82 million, extraordinary tax credits of R$ 638 million and (ii) in 4Q23: results from disposal of assets of R$ 14 million, credits and provisions of R$ 20 million, extraordinary tax credits of R$ 563 millio</font>n</font></p>































</td>































</tr>































































</table>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Operational performance &#8211;</font> <font style="font-size: 10pt; line-height: inherit;">Ipiranga&#8217;s</font><font style="font-size: 10pt; line-height: inherit;"> sales volume </font><font style="font-size: 10pt; line-height: inherit;">grew by</font><font style="font-size: 10pt; line-height: inherit;"> 4% compared to 3Q23, with a 5% increase in the Otto cycle, with a </font><font style="font-size: 10pt; line-height: inherit;">great</font><font style="font-size: 10pt; line-height: inherit;">er share of ethanol </font><font style="font-size: 10pt; line-height: inherit;">over</font><font style="font-size: 10pt; line-height: inherit;"> gasoline in the product mix, and a 2% increase in diesel. Compared to 2Q24, the volume was 5% higher, mainly due to a 9% increase in diesel, a result of the typical seasonality between periods.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Net revenues &#8211;</font> <font style="font-size: 10pt; line-height: inherit;">Total of R$ 32,115 million (+9% vs 3Q23 and 2Q24), mainly due to higher sales volume and the pass-through of fuel cost increases.</font> </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Cost of goods sold &#8211; </font><font style="font-size: 10pt; line-height: inherit;">Total of R$ 30,610 million (+11% vs 3Q23 and +9% vs 2Q24), mainly due to higher fuel costs and higher sales volume.</font> </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Sales, general and administrative expenses &#8211;</font> <font style="font-size: 10pt; line-height: inherit;">Total of R$ 752 million (-4% vs 3Q23), due to lower contingency expenses, offset by </font><font style="font-size: 10pt; line-height: inherit;">higher </font><font style="font-size: 10pt; line-height: inherit;">provisions for doubtful </font><font style="font-size: 10pt; line-height: inherit;">accounts</font><font style="font-size: 10pt; line-height: inherit;"> and personnel (collective bargaining agreement). Compared to 2Q24, general, administrative, and sales expenses decreased </font><font style="font-size: 10pt; line-height: inherit;">by </font><font style="font-size: 10pt; line-height: inherit;">9%, reflecting lower personnel and depreciation expenses.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Other operating results &#8211;</font> <font style="font-size: 10pt; line-height: inherit;">Total of </font><font style="font-size: 10pt; line-height: inherit;">negative </font><font style="font-size: 10pt; line-height: inherit;">R$ 124 million, an improvement of R$ 55 million compared to 3Q23, mainly due to lower expenses</font><font style="font-size: 10pt; line-height: inherit;"> with carbon tax credits</font><font style="font-size: 10pt; line-height: inherit;">, and a </font><font style="font-size: 10pt; line-height: inherit;">reduction</font><font style="font-size: 10pt; line-height: inherit;"> of R$ 14 million compared to 2Q24</font><font style="font-size: 10pt; line-height: inherit;">.</font> </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Result from disposal of assets &#8211; </font><font style="font-size: 10pt; line-height: inherit;">Total of R$ 31 million, resulting from the sale of 7 </font><font style="font-size: 10pt; line-height: inherit;">real estate assets</font><font style="font-size: 10pt; line-height: inherit;">, representing a 54% </font><font style="font-size: 10pt; line-height: inherit;">reduction</font><font style="font-size: 10pt; line-height: inherit;"> compared to 3Q23 and 14% compared to 2Q24.</font> </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Recurring Adjusted EBITDA &#8211;</font> <font style="font-size: 10pt; line-height: inherit;">Total of R$ 936 million, a 34% </font><font style="font-size: 10pt; line-height: inherit;">reduction</font><font style="font-size: 10pt; line-height: inherit;"> compared to 3Q23, mainly due to lower margins </font><font style="font-size: 10pt; line-height: inherit;">(</font><font style="font-size: 10pt; line-height: inherit;">Ipiranga&#8217;s</font><font style="font-size: 10pt; line-height: inherit;"> record </font><font style="font-size: 10pt; line-height: inherit;">result in 3Q23</font><font style="font-size: 10pt; line-height: inherit;">)</font> <font style="font-size: 10pt; line-height: inherit;">and lower inventory gains in the period.</font> <font style="font-size: 10pt; line-height: inherit;">Compared to 2Q24, </font><font style="font-size: 10pt; line-height: inherit;">the </font><font style="font-size: 10pt; line-height: inherit;">recurring Adjusted EBITDA increased </font><font style="font-size: 10pt; line-height: inherit;">by </font><font style="font-size: 10pt; line-height: inherit;">20%, due</font><font style="font-size: 10pt; line-height: inherit;"> to the</font> <font style="font-size: 10pt; line-height: inherit;">reduc</font><font style="font-size: 10pt; line-height: inherit;">tion of</font> <font style="font-size: 10pt; line-height: inherit;">sector </font><font style="font-size: 10pt; line-height: inherit;">irregularities</font><font style="font-size: 10pt; line-height: inherit;">,</font> <font style="font-size: 10pt; line-height: inherit;">higher sales volume, </font><font style="font-size: 10pt; line-height: inherit;">and </font><font style="font-size: 10pt; line-height: inherit;">lower expenses.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Investments &#8211; </font><font style="font-size: 10pt; line-height: inherit;">R$ 239 million w</font><font style="font-size: 10pt; line-height: inherit;">as</font><font style="font-size: 10pt; line-height: inherit;"> invested in the quarter, directed towards the expansion and maintenance of </font><font style="font-size: 10pt; line-height: inherit;">Ipiranga&#8217;s</font> <font style="font-size: 10pt; line-height: inherit;">service station</font><font style="font-size: 10pt; line-height: inherit;">s</font><font style="font-size: 10pt; line-height: inherit;"> and franchises</font> <font style="font-size: 10pt; line-height: inherit;">network</font><font style="font-size: 10pt; line-height: inherit;"> and to</font><font style="font-size: 10pt; line-height: inherit;"> logistics infrastructure, </font><font style="font-size: 10pt; line-height: inherit;">in addition to</font><font style="font-size: 10pt; line-height: inherit;"> investments </font><font style="font-size: 10pt; line-height: inherit;">for the development of</font><font style="font-size: 10pt; line-height: inherit;"> the company&#8217;s technology platform.</font><font style="font-size: 10pt; line-height: inherit;"> O</font><font style="font-size: 10pt; line-height: inherit;">ut o</font><font style="font-size: 10pt; line-height: inherit;">f the total investments, R$ 67 million refer</font><font style="font-size: 10pt; line-height: inherit;">s</font><font style="font-size: 10pt; line-height: inherit;"> to fixed </font><font style="font-size: 10pt; line-height: inherit;">assets </font><font style="font-size: 10pt; line-height: inherit;">and </font><font style="font-size: 10pt; line-height: inherit;">additions to </font><font style="font-size: 10pt; line-height: inherit;">intangible</font><font style="font-size: 10pt; line-height: inherit;"> assets</font><font style="font-size: 10pt; line-height: inherit;">, R$ 149 million to contractual assets </font><font style="font-size: 10pt; line-height: inherit;">with customers </font><font style="font-size: 10pt; line-height: inherit;">(exclusi</font><font style="font-size: 10pt; line-height: inherit;">vity</font><font style="font-size: 10pt; line-height: inherit;"> rights), and R$ 22 million to</font><font style="font-size: 10pt; line-height: inherit;"> installments from</font><font style="font-size: 10pt; line-height: inherit;"> financing granted to customers</font><font style="font-size: 10pt; line-height: inherit;"> and advance payments of rentals, net of releases.</font></font></p>
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<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>80</font></font></td>





























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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>





























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<td style="width: 55.9738%; height: 10px; vertical-align: middle; border-bottom: 1.5pt solid #000080;" valign="middle"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 18pt; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3Q24</font></td>
<td style="height: 10px; width: 43.9853%; vertical-align: middle; border-bottom: 1.5pt solid #000080;" valign="middle"><font style="font-family: 'times new roman', times;"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></font></td>



























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<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="font-family: 'times new roman', times; font-size: 10pt; text-align: center;"><font style="color: #ffffff; font-weight: bold;"><font style="color: #ffffff; font-weight: bold;">UL</font><font style="color: #ffffff; font-weight: bold;">TRAGAZ</font></font></p>































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<td colspan="5" style="background-color: #00458c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #8d8b8c !important; border-right-color: #8d8b8c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt;">Quarter</font></p>































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<td colspan="4" style="background-color: #00458c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #8d8b8c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt;">YTD</font></p>































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<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">24</font></font></p>































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<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">23</font></font></p>































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<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">2</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">24</font></font></p>































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<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">24 x 3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">23</font></font></p>































</td>
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">24</font><font style="color: #ffffff;"> x 2</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">24</font></font></p>































</td>
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">9M</font><font style="color: #ffffff;">2</font><font style="color: #ffffff;">4</font></font></p>































</td>
<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">9M</font><font style="color: #ffffff;">2</font><font style="color: #ffffff;">3</font></font></p>































</td>
<td colspan="2" style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">9M</font><font style="color: #ffffff;">24 x </font><font style="color: #ffffff;">9M</font><font style="color: #ffffff;">23</font></font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important; height: 17px; width: 44%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c; font-weight: bold;">T</font><font style="color: #00458c; font-weight: bold;">otal</font><font style="color: #00458c; font-weight: bold;"> volume</font><font style="color: #00458c; font-weight: bold;"> (</font><font style="color: #00458c; font-weight: bold;">k</font><font style="color: #00458c; font-weight: bold;">ton</font><font style="color: #00458c; font-weight: bold;">)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">473</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">456</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">437</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">4%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">8%</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c; font-weight: bold;">1</font><font style="color: #00458c; font-weight: bold;">,</font><font style="color: #00458c; font-weight: bold;">311</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c;">1</font><font style="color: #00458c;">,</font><font style="color: #00458c;">315</font></font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">0%</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">Bottled</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">297</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">292</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">281</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">2%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">6%</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">831</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">847</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">-2%</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">Bulk</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">175</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">164</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">156</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">7%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">12%</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">480</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">468</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">3%</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c; font-weight: bold;">Adjusted </font><font style="color: #00458c; font-weight: bold;">EBITDA</font> <font style="color: #00458c; font-weight: bold;">(R$ million)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">448</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">453</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">414</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">-1%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">8%</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c; font-weight: bold;">1</font><font style="color: #00458c; font-weight: bold;">,</font><font style="color: #00458c; font-weight: bold;">263</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c;">1</font><font style="color: #00458c;">,</font><font style="color: #00458c;">242</font></font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">2%</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626; font-style: italic;">Adjusted </font><font style="color: #262626; font-style: italic;">EBITDA </font><font style="color: #262626; font-style: italic;">margin</font> <font style="color: #262626; font-style: italic;">(</font><font style="color: #262626; font-style: italic;">R$/ton)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">948</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">992</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">948</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">-4%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">0%</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">963</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">945</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">2%</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">N</font><font style="color: #262626;">on-recurring</font><font style="color: #262626;">&#185;</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">-</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">-</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">17</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">n/a</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">n/a</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">17</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">-</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">n/a</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c; font-weight: bold;">Recurring Adjusted </font><font style="color: #00458c; font-weight: bold;">EBITDA</font> <font style="color: #00458c; font-weight: bold;">(R$ million)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">448</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">453</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">397</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">-1%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">13%</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c; font-weight: bold;">1</font><font style="color: #00458c; font-weight: bold;">,</font><font style="color: #00458c; font-weight: bold;">246</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c;">1</font><font style="color: #00458c;">,</font><font style="color: #00458c;">242</font></font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">0%</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626; font-style: italic;">Recurring</font> <font style="color: #262626; font-style: italic;">Adjusted </font><font style="color: #262626; font-style: italic;">EBITDA </font><font style="color: #262626; font-style: italic;">margin</font> <font style="color: #262626; font-style: italic;">(R$/ton)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">948</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">992</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">909</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">-4%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">4%</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">950</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">945</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">1%</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c; font-weight: bold;">Recurring Adjusted </font><font style="color: #00458c; font-weight: bold;">LTM </font><font style="color: #00458c; font-weight: bold;">EBITDA</font><font style="color: #00458c; font-weight: bold;">&#178;</font> <font style="color: #00458c; font-weight: bold;">(R$ million)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c; font-weight: bold;">1</font><font style="color: #00458c; font-weight: bold;">,</font><font style="color: #00458c; font-weight: bold;">652</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c;">1</font><font style="color: #00458c;">,</font><font style="color: #00458c;">607</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c;">1</font><font style="color: #00458c;">,</font><font style="color: #00458c;">656</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">3%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">0%</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #8d8b8c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626; font-style: italic;">Recurring Adjusted LTM</font><font style="color: #262626; font-style: italic;"> EBITDA</font><font style="color: #262626; font-style: italic;"> margin</font><font style="color: #262626; font-style: italic;">&#178; </font><font style="color: #262626; font-style: italic;">(R$/ton)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #8d8b8c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">953</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">920</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #8d8b8c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">964</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">3%</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #8d8b8c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">-1%</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #8d8b8c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">&nbsp;</font></p>































</td>
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<p style="color: #262626; font-family: 'times new roman', times; font-size: 8pt; font-style: italic;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">&nbsp;</font></p>































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<td colspan="9" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;">
<p style="font-family: 'times new roman', times; font-size: 9pt; margin: 0px; text-indent: 0px; line-height: 1.2;"><font style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 34px;"><sup>1</sup>&nbsp; Non-recurring items described in the EBITDA calculation table &#8211; page 2</font></p>
<p style="font-family: 'times new roman', times; font-size: 9pt; margin: 0px; text-indent: 0px; line-height: 1.2;"><font style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 34px;"><sup>2&nbsp;</sup> LTM EBITDA does not consider R$ 333 million of extraordinary tax credits in 4Q22</font></p>































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<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Operational performance &#8211;</font> <font style="font-size: 10pt; line-height: inherit;">The volume sold by</font> <font style="font-size: 10pt; line-height: inherit;">Ultragaz&#8217;s</font><font style="font-size: 10pt; line-height: inherit;"> in 3Q24 increased</font><font style="font-size: 10pt; line-height: inherit;"> by</font><font style="font-size: 10pt; line-height: inherit;"> 4% compared to 3Q23, </font><font style="font-size: 10pt; line-height: inherit;">as a result of</font><font style="font-size: 10pt; line-height: inherit;"> a 7% increase in </font><font style="font-size: 10pt; line-height: inherit;">sales of </font><font style="font-size: 10pt; line-height: inherit;">bulk</font><font style="font-size: 10pt; line-height: inherit;"> LPG</font><font style="font-size: 10pt; line-height: inherit;">, mainly due to higher sales to industries, as well as </font><font style="font-size: 10pt; line-height: inherit;">a </font><font style="font-size: 10pt; line-height: inherit;">2% increase </font><font style="font-size: 10pt; line-height: inherit;">in </font><font style="font-size: 10pt; line-height: inherit;">sales of </font><font style="font-size: 10pt; line-height: inherit;">bottled </font><font style="font-size: 10pt; line-height: inherit;">LPG</font><font style="font-size: 10pt; line-height: inherit;">, driven by higher market demand. Compared to 2Q24, sales volume was 8% higher, reflecting higher sales to industries</font> <font style="font-size: 10pt; line-height: inherit;">and</font><font style="font-size: 10pt; line-height: inherit;"> the</font><font style="font-size: 10pt; line-height: inherit;"> typical seasonality between periods. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Net revenues &#8211;</font> <font style="font-size: 10pt; line-height: inherit;">Total of R$ 3,027 million (+12% vs 3Q23 and 2Q24), mainly due to higher sales volume and the pass-through of LPG cost increases.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Cost of goods sold &#8211; </font><font style="font-size: 10pt; line-height: inherit;">Total of R$ 2,422 million (+15% vs 3Q23), due to higher sales volume and higher</font><font style="font-size: 10pt; line-height: inherit;"> expenses with freight, </font><font style="font-size: 10pt; line-height: inherit;">personnel </font><font style="font-size: 10pt; line-height: inherit;">and bottle </font><font style="font-size: 10pt; line-height: inherit;">requalification.</font> <font style="font-size: 10pt; line-height: inherit;">Compared to 2Q24, the cost of goods sold increased </font><font style="font-size: 10pt; line-height: inherit;">by </font><font style="font-size: 10pt; line-height: inherit;">12%, mainly due to higher sales volume and LPG cost</font><font style="font-size: 10pt; line-height: inherit;"> increases</font><font style="font-size: 10pt; line-height: inherit;"> during the period.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Sales, general and administrative expenses &#8211;</font> <font style="font-size: 10pt; line-height: inherit;">Total of R$ 241 million (+1% vs 3Q23), reflecting higher</font><font style="font-size: 10pt; line-height: inherit;"> personnel </font><font style="font-size: 10pt; line-height: inherit;">expenses (collective bargaining agreement), </font><font style="font-size: 10pt; line-height: inherit;">provisions</font><font style="font-size: 10pt; line-height: inherit;"> for doubtful </font><font style="font-size: 10pt; line-height: inherit;">accounts</font><font style="font-size: 10pt; line-height: inherit;">, and freight (higher sales volume), </font><font style="font-size: 10pt; line-height: inherit;">offset</font><font style="font-size: 10pt; line-height: inherit;"> by </font><font style="font-size: 10pt; line-height: inherit;">initiatives to increase operational efficiency and </font><font style="font-size: 10pt; line-height: inherit;">lower sales commission expenses.</font> <font style="font-size: 10pt; line-height: inherit;">Compared to 2Q24, </font><font style="font-size: 10pt; line-height: inherit;">sales, </font><font style="font-size: 10pt; line-height: inherit;">general</font><font style="font-size: 10pt; line-height: inherit;"> and</font><font style="font-size: 10pt; line-height: inherit;"> administrative expenses increased</font><font style="font-size: 10pt; line-height: inherit;"> by</font><font style="font-size: 10pt; line-height: inherit;"> 6%, mainly due to higher </font><font style="font-size: 10pt; line-height: inherit;">expenses with </font><font style="font-size: 10pt; line-height: inherit;">freight</font> <font style="font-size: 10pt; line-height: inherit;">(higher sales volume) and personnel</font><font style="font-size: 10pt; line-height: inherit;">.</font> </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Other operating results &#8211;</font> <font style="font-size: 10pt; line-height: inherit;">Total of R$ 13 million, an improvement of R$ 6 million compared to 3Q23, due to </font><font style="font-size: 10pt; line-height: inherit;">the receipt of </font><font style="font-size: 10pt; line-height: inherit;">compensation</font><font style="font-size: 10pt; line-height: inherit;">s</font><font style="font-size: 10pt; line-height: inherit;"> and contractual fines.</font> <font style="font-size: 10pt; line-height: inherit;">Compared to 2Q24,</font><font style="font-size: 10pt; line-height: inherit;"> the</font> <font style="font-size: 10pt; line-height: inherit;">other operating results line was worse by </font><font style="font-size: 10pt; line-height: inherit;">R$ 8 million, mainly due to a non-recurring effect related to </font><font style="font-size: 10pt; line-height: inherit;">the reduction of</font><font style="font-size: 10pt; line-height: inherit;"> R$ 17 million in the earnout payable </font><font style="font-size: 10pt; line-height: inherit;">from the acquisition of</font><font style="font-size: 10pt; line-height: inherit;"> Stella, </font><font style="font-size: 10pt; line-height: inherit;">due to the exit of a partner in the 2Q24</font><font style="font-size: 10pt; line-height: inherit;">, offset by the </font><font style="font-size: 10pt; line-height: inherit;">aforementioned receipts</font><font style="font-size: 10pt; line-height: inherit;">.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Recurring Adjusted EBITDA &#8211;</font> <font style="font-size: 10pt; line-height: inherit;">Total of R$ 448 million (-1% vs 3Q23)</font><font style="font-size: 10pt; line-height: inherit;">. Compared to </font><font style="font-size: 10pt; line-height: inherit;">2Q</font><font style="font-size: 10pt; line-height: inherit;">24, EBITDA increased by 13%, due to higher sales volume and a more normalized commercial environment in the </font><font style="font-size: 10pt; line-height: inherit;">bottled</font><font style="font-size: 10pt; line-height: inherit;"> segment</font><font style="font-size: 10pt; line-height: inherit;">.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 7pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Investments &#8211;</font> <font style="font-size: 10pt; line-height: inherit;">R$ 109 million was invested in the quarter, </font><font style="font-size: 10pt; line-height: inherit;">primarily </font><font style="font-size: 10pt; line-height: inherit;">directed towards</font> <font style="font-size: 10pt; line-height: inherit;">equipment installed</font> <font style="font-size: 10pt; line-height: inherit;">for</font><font style="font-size: 10pt; line-height: inherit;"> new customers in the bulk segment, </font><font style="font-size: 10pt; line-height: inherit;">the </font><font style="font-size: 10pt; line-height: inherit;">acquisition and replacement</font> <font style="font-size: 10pt; line-height: inherit;">of bottles</font><font style="font-size: 10pt; line-height: inherit;">, and expansion into new energy</font><font style="font-size: 10pt; line-height: inherit;"> segments</font><font style="font-size: 10pt; line-height: inherit;">.</font></font></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>





























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<td style="width: 55.9738%; height: 10px; vertical-align: middle; border-bottom: 1.5pt solid #000080;" valign="middle"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 18pt; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3Q24</font></td>
<td style="height: 10px; width: 43.9853%; vertical-align: middle; border-bottom: 1.5pt solid #000080;" valign="middle"><font style="font-family: 'times new roman', times;"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></font></td>



























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<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="font-family: 'times new roman', times; font-size: 10pt; text-align: center;"><font style="color: #ffffff; font-weight: bold;"><font style="color: #ffffff; font-weight: bold;">UL</font><font style="color: #ffffff; font-weight: bold;">TRACARGO</font></font></p>































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<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt;">Quarter</font></p>































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<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt;">YTD</font></p>































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">24</font></font></p>































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">23</font></font></p>































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">2</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">24</font></font></p>































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">24 x 3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">23</font></font></p>































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">3</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">24</font><font style="color: #ffffff;"> x 2</font><font style="color: #ffffff;">Q</font><font style="color: #ffffff;">24</font></font></p>































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">9M</font><font style="color: #ffffff;">23</font></font></p>































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<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt;">9M24</font></p>































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #ffffff;">9M24 </font><font style="color: #ffffff;">x </font><font style="color: #ffffff;">9M23</font></font></p>































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; border-left-color: #8d8b8c !important; height: 17px; width: 44%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Installed capacity</font><font style="color: #262626;">&#185; </font><font style="color: #262626;">(</font><font style="color: #262626;">&#8216;000</font><font style="color: #262626;"> m&#179;)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; border-left-color: #8d8b8c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">,</font><font style="color: #262626;">067</font></font></p>































</td>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">,</font><font style="color: #262626;">059</font></font></p>































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<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">,</font><font style="color: #262626;">067</font></font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">1%</font></p>































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<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">0%</font></p>































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<td colspan="2" style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">,</font><font style="color: #262626;">067</font></font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">990</font></p>































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<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">8%</font></p>































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">m&#179; </font><font style="color: #262626;">sold</font> <font style="color: #262626;">(</font><font style="color: #262626;">&#8216;000</font><font style="color: #262626;"> m&#179;)</font></font></p>































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<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">4</font><font style="color: #262626;">,</font><font style="color: #262626;">357</font></font></p>































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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">4</font><font style="color: #262626;">,</font><font style="color: #262626;">342</font></font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">4</font><font style="color: #262626;">,</font><font style="color: #262626;">307</font></font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">0%</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">1%</font></p>































</td>
<td colspan="2" style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">12</font><font style="color: #262626;">,</font><font style="color: #262626;">860</font></font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">11</font><font style="color: #262626;">,</font><font style="color: #262626;">431</font></font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">12%</font></p>































</td>





























</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c; font-weight: bold;">Adjusted </font><font style="color: #00458c; font-weight: bold;">EBITDA </font><font style="color: #00458c; font-weight: bold;">(R$ mil</font><font style="color: #00458c; font-weight: bold;">lion</font><font style="color: #00458c; font-weight: bold;">)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">168</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">173</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">165</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">-3%</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">2%</font></p>































</td>
<td colspan="2" style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">498</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">476</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">5%</font></p>































</td>





























</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Adjusted</font><font style="color: #262626;"> EBITDA </font><font style="color: #262626;">margin</font> <font style="color: #262626;">(%)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">63%</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">65%</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">63%</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-2.1pp</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.6pp</font></p>































</td>
<td colspan="2" style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">63%</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">63%</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.1pp</font></p>































</td>





























</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #00458c; font-weight: bold;">Adjusted LTM </font><font style="color: #00458c; font-weight: bold;">EBITDA </font><font style="color: #00458c; font-weight: bold;">(R$ mil</font><font style="color: #00458c; font-weight: bold;">lion</font><font style="color: #00458c; font-weight: bold;">)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">653</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">606</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">658</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">8%</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">-1%</font></p>































</td>
<td colspan="2" style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>





























</tr>
<tr style="height: 15px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #8d8b8c !important; border-left-color: #8d8b8c !important; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Adjusted LTM</font><font style="color: #262626;"> EBITDA </font><font style="color: #262626;">margin</font><font style="color: #262626;"> (%)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #8d8b8c !important; border-left-color: #8d8b8c !important; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">62%</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #8d8b8c !important; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">61%</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #8d8b8c !important; border-right-color: #8d8b8c !important; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">63%</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #8d8b8c !important; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.8pp</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #8d8b8c !important; border-right-color: #8d8b8c !important; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-0.5pp</font></p>































</td>
<td colspan="2" style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #8d8b8c !important; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #8d8b8c !important; border-right-color: #8d8b8c !important; height: 15px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #8d8b8c !important; border-right-color: #8d8b8c !important; height: 15px;">
<p style="font-family: 'times new roman', times; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>





























</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #8d8b8c !important; height: 10px;" colspan="16">
<p style="font-family: 'times new roman', times; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 7pt;"><sup>1</sup>&nbsp; Monthly average</font></p>





























</td>





























</tr>





























































</table>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Operational performance &#8211;</font> <font style="font-size: 10pt; line-height: inherit;">Ultracargo&#8217;s</font><font style="font-size: 10pt; line-height: inherit;"> average installed capacity grew by 1% compared to 3Q23, due to the addition of the </font><font style="font-size: 10pt; line-height: inherit;">Rondon&#243;polis</font><font style="font-size: 10pt; line-height: inherit;"> base in 2023. The </font><font style="font-size: 10pt; line-height: inherit;">m&#179;</font><font style="font-size: 10pt; line-height: inherit;"> sold remained stable compared to 3Q23, with the start</font><font style="font-size: 10pt; line-height: inherit;">up</font><font style="font-size: 10pt; line-height: inherit;"> of operations in </font><font style="font-size: 10pt; line-height: inherit;">Rondon&#243;polis</font><font style="font-size: 10pt; line-height: inherit;"> and </font><font style="font-size: 10pt; line-height: inherit;">higher</font><font style="font-size: 10pt; line-height: inherit;"> handling</font><font style="font-size: 10pt; line-height: inherit;"> in </font><font style="font-size: 10pt; line-height: inherit;">Opla</font><font style="font-size: 10pt; line-height: inherit;">, Vila do Conde, and </font><font style="font-size: 10pt; line-height: inherit;">Suape</font><font style="font-size: 10pt; line-height: inherit;"> being</font><font style="font-size: 10pt; line-height: inherit;"> offset by lower</font><font style="font-size: 10pt; line-height: inherit;"> spot</font> <font style="font-size: 10pt; line-height: inherit;">handling </font><font style="font-size: 10pt; line-height: inherit;">in Santos, </font><font style="font-size: 10pt; line-height: inherit;">Itaqui</font><font style="font-size: 10pt; line-height: inherit;"> e </font><font style="font-size: 10pt; line-height: inherit;">Aratu</font><font style="font-size: 10pt; line-height: inherit;">. Compared to 2Q24, </font><font style="font-size: 10pt; line-height: inherit;">m&#179;</font><font style="font-size: 10pt; line-height: inherit;"> sold increased by 1%, due to </font><font style="font-size: 10pt; line-height: inherit;">high</font><font style="font-size: 10pt; line-height: inherit;">er</font> <font style="font-size: 10pt; line-height: inherit;">handling</font><font style="font-size: 10pt; line-height: inherit;"> in </font><font style="font-size: 10pt; line-height: inherit;">Itaqui</font><font style="font-size: 10pt; line-height: inherit;"> and </font><font style="font-size: 10pt; line-height: inherit;">Suape</font><font style="font-size: 10pt; line-height: inherit;">, offset by lower </font><font style="font-size: 10pt; line-height: inherit;">handling</font><font style="font-size: 10pt; line-height: inherit;"> in </font><font style="font-size: 10pt; line-height: inherit;">Aratu</font><font style="font-size: 10pt; line-height: inherit;">. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Net revenues &#8211; </font><font style="font-size: 10pt; line-height: inherit;">Total of R$ 266 million (+1% vs 3Q23), due to better tariffs, despite lower spot sales</font> <font style="font-size: 10pt; line-height: inherit;">(which have higher rates)</font><font style="font-size: 10pt; line-height: inherit;">.</font> <font style="font-size: 10pt; line-height: inherit;">Compared to 2Q24, net revenue</font><font style="font-size: 10pt; line-height: inherit;">s</font><font style="font-size: 10pt; line-height: inherit;"> increased by 1%, due to higher </font><font style="font-size: 10pt; line-height: inherit;">m&#179;</font><font style="font-size: 10pt; line-height: inherit;"> sold and higher spot sales.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Cost of services provided </font><font style="font-size: 10pt; line-height: inherit;">&#8211; Total of R$ 97 million (+15% vs 3Q23), due to </font><font style="font-size: 10pt; line-height: inherit;">higher</font> <font style="font-size: 10pt; line-height: inherit;">handling</font><font style="font-size: 10pt; line-height: inherit;"> in the new terminals</font><font style="font-size: 10pt; line-height: inherit;">.</font> <font style="font-size: 10pt; line-height: inherit;">Compared to 2Q24, the cost of services </font><font style="font-size: 10pt; line-height: inherit;">provided</font><font style="font-size: 10pt; line-height: inherit;"> increased by 1%, due to higher personnel </font><font style="font-size: 10pt; line-height: inherit;">costs</font><font style="font-size: 10pt; line-height: inherit;">.</font> </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Sales, general and administrative expenses &#8211;</font> <font style="font-size: 10pt; line-height: inherit;">Total of R$ 45 million, stable compared to 3Q23. Compared to 2Q24, </font><font style="font-size: 10pt; line-height: inherit;">sales, </font><font style="font-size: 10pt; line-height: inherit;">general</font><font style="font-size: 10pt; line-height: inherit;"> and</font><font style="font-size: 10pt; line-height: inherit;"> administrative expenses increased by 1% due to higher personnel </font><font style="font-size: 10pt; line-height: inherit;">expenses</font><font style="font-size: 10pt; line-height: inherit;">.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Adjusted EBITDA &#8211;</font> <font style="font-size: 10pt; line-height: inherit;">Total of R$ 168 million (-3% vs 3Q23), reflecting </font><font style="font-size: 10pt; line-height: inherit;">mainly </font><font style="font-size: 10pt; line-height: inherit;">lower </font><font style="font-size: 10pt; line-height: inherit;">spot </font><font style="font-size: 10pt; line-height: inherit;">sales</font> <font style="font-size: 10pt; line-height: inherit;">.</font><font style="font-size: 10pt; line-height: inherit;"> Compared to 2Q24, Adjusted EBITDA increased by 2%, due to a higher </font><font style="font-size: 10pt; line-height: inherit;">m&#179; sold</font><font style="font-size: 10pt; line-height: inherit;">. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 7pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Investments </font><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">&#8211;</font> <font style="font-size: 10pt; line-height: inherit;">Investments </font><font style="font-size: 10pt; line-height: inherit;">during</font><font style="font-size: 10pt; line-height: inherit;"> the period </font><font style="font-size: 10pt; line-height: inherit;">totaled</font><font style="font-size: 10pt; line-height: inherit;"> R$ 164 million, </font><font style="font-size: 10pt; line-height: inherit;">primarily</font> <font style="font-size: 10pt; line-height: inherit;">directed</font><font style="font-size: 10pt; line-height: inherit;"> towards construction or expansion projects at the </font><font style="font-size: 10pt; line-height: inherit;">Palmeirante</font><font style="font-size: 10pt; line-height: inherit;">, </font><font style="font-size: 10pt; line-height: inherit;">Opla</font><font style="font-size: 10pt; line-height: inherit;">, </font><font style="font-size: 10pt; line-height: inherit;">Itaqui</font><font style="font-size: 10pt; line-height: inherit;">, Santos</font><font style="font-size: 10pt; line-height: inherit;"> and </font><font style="font-size: 10pt; line-height: inherit;">Rondon&#243;polis</font><font style="font-size: 10pt; line-height: inherit;"> terminals</font><font style="font-size: 10pt; line-height: inherit;">, </font><font style="font-size: 10pt; line-height: inherit;">in addition to</font><font style="font-size: 10pt; line-height: inherit;"> investments </font><font style="font-size: 10pt; line-height: inherit;">aimed at increasing</font><font style="font-size: 10pt; line-height: inherit;"> efficiency, maintenance, and </font><font style="font-size: 10pt; line-height: inherit;">operational </font><font style="font-size: 10pt; line-height: inherit;">safety at the terminals.</font></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>82</font></font></td>





























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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>





























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<td style="width: 55.9738%; height: 10px; vertical-align: middle; border-bottom: 1.5pt solid #000080;" valign="middle"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 18pt; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3Q24</font></td>
<td style="height: 10px; width: 43.9853%; vertical-align: middle; border-bottom: 1.5pt solid #000080;" valign="middle"><font style="font-family: 'times new roman', times;"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></font></td>



























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<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; color: #00458c; font-weight: bold;">R$ million</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #ffffff; font-size: 10pt; font-weight: bold;">U</font><font style="color: #ffffff; font-size: 10pt; font-weight: bold;">LTRAPAR</font><font style="color: #ffffff; font-size: 10pt; font-weight: bold;"> - </font><font style="color: #ffffff; font-size: 10pt; font-weight: bold;">Indebtedness</font></font></p>



















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<td colspan="3" style="background-color: #00458c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #8d8b8c !important; border-right-color: #8d8b8c !important; border-left-color: #8d8b8c !important; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt;">Quarter</font></p>



















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<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.44%; border-left-width: 1px; border-left-style: solid; border-left-color: #8d8b8c !important; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #ffffff; font-size: 10pt;">3</font><font style="color: #ffffff; font-size: 10pt;">Q</font><font style="color: #ffffff; font-size: 10pt;">24</font></font></p>



















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<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.44%; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #ffffff; font-size: 10pt;">3</font><font style="color: #ffffff; font-size: 10pt;">Q</font><font style="color: #ffffff; font-size: 10pt;">23</font></font></p>



















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<td style="background-color: #8d8b8c; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.44%; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #ffffff; font-size: 10pt;">2</font><font style="color: #ffffff; font-size: 10pt;">Q</font><font style="color: #ffffff; font-size: 10pt;">24</font></font></p>



















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.7%; border-left-width: 1px; border-left-style: solid; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">Cash and cash equivalents</font></p>



















</td>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">7</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">370</font></font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">6</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">828</font></font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">7</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">429</font></font></p>



















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</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.7%; border-left-width: 1px; border-left-style: solid; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">Gross debt</font></p>



















</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; border-left-width: 1px; border-left-style: solid; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">(13</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">848)</font></font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">(12</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">378)</font></font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">(13</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">703)</font></font></p>



















</td>



















</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.7%; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></p>



















</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">(1</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">489)</font></font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">(1</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">532)</font></font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">(1</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">426)</font></font></p>



















</td>



















</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.7%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important; height: 17px;">
<p style="margin: 0pt;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net debt</font></p>



















</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold;">(7</font><font style="color: #00458c; font-size: 10pt; font-weight: bold;">,</font><font style="color: #00458c; font-size: 10pt; font-weight: bold;">968)</font></font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt;">(7</font><font style="color: #00458c; font-size: 10pt;">,</font><font style="color: #00458c; font-size: 10pt;">082)</font></font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt;">(7</font><font style="color: #00458c; font-size: 10pt;">,</font><font style="color: #00458c; font-size: 10pt;">700)</font></font></p>



















</td>



















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.7%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold;">Net debt</font><font style="color: #00458c; font-size: 10pt; font-weight: bold;">/</font><font style="color: #00458c; font-size: 10pt; font-weight: bold;">Adjusted LTM </font><font style="color: #00458c; font-size: 10pt; font-weight: bold;">EBITDA&#185;</font></font></p>



















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<td style="background-color: #dae9f8; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold;">1</font><font style="color: #00458c; font-size: 10pt; font-weight: bold;">.</font><font style="color: #00458c; font-size: 10pt; font-weight: bold;">3x</font></font></p>



















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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt;">1</font><font style="color: #00458c; font-size: 10pt;">.</font><font style="color: #00458c; font-size: 10pt;">4x</font></font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt;">1</font><font style="color: #00458c; font-size: 10pt;">.</font><font style="color: #00458c; font-size: 10pt;">2x</font></font></p>



















</td>



















</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.7%; border-top-width: 1px; border-top-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">Trade payables &#8211; reverse factoring (draft discount)</font></p>



















</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; border-top-width: 1px; border-top-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">(1</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">291)</font></font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">(1</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">175)</font></font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; border-top-width: 1px; border-top-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">(1</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">531)</font></font></p>



















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.7%; border-left-width: 1px; border-left-style: solid; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">Financial liabilities of customers (vendor)</font></p>



















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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(211)</font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(354)</font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(244)</font></p>



















</td>



















</tr>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.7%; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">Receivables from divestments (</font><font style="color: #262626; font-size: 10pt;">Oxiteno</font><font style="color: #262626; font-size: 10pt;"> and </font><font style="color: #262626; font-size: 10pt;">Extrafarma</font><font style="color: #262626; font-size: 10pt;">)</font></font></p>



















</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>



















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">932</font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">220</font></p>



















</td>



















</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.7%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important; height: 17px;">
<p style="margin: 0pt;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net debt + draft discount + vendor + receivables</font></p>



















</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold;">(9</font><font style="color: #00458c; font-size: 10pt; font-weight: bold;">,</font><font style="color: #00458c; font-size: 10pt; font-weight: bold;">470)</font></font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt;">(7</font><font style="color: #00458c; font-size: 10pt;">,</font><font style="color: #00458c; font-size: 10pt;">67</font><font style="color: #00458c; font-size: 10pt;">9</font><font style="color: #00458c; font-size: 10pt;">)</font></font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.44%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt;">(9</font><font style="color: #00458c; font-size: 10pt;">,</font><font style="color: #00458c; font-size: 10pt;">256)</font></font></p>



















</td>



















</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.7%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">Average gross debt duration </font><font style="color: #262626; font-size: 9pt;">(years)</font></font></p>



















</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.44%; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">3</font><font style="font-size: 10pt;">.</font><font style="font-size: 10pt;">3</font></font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.44%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">3</font><font style="font-size: 10pt;">.</font><font style="font-size: 10pt;">9</font></font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.44%; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">3</font><font style="font-size: 10pt;">.</font><font style="font-size: 10pt;">3</font></font></p>



















</td>



















</tr>
<tr style="height: 17px;">
<td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.7%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important; height: 34px;">
<p style="margin: 0pt;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Average cost of gross debt</font></p>



















</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.44%; border-top-width: 1px; border-top-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">110% DI</font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.44%; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">106% DI </font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.44%; border-top-width: 1px; border-top-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-right-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt;">110% DI</font></p>



















</td>



















</tr>
<tr style="height: 17px;">
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.44%; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold;">DI + 1</font><font style="color: #00458c; font-size: 10pt; font-weight: bold;">.</font><font style="color: #00458c; font-size: 10pt; font-weight: bold;">0%</font></font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.44%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt;">DI + 0</font><font style="color: #00458c; font-size: 10pt;">.</font><font style="color: #00458c; font-size: 10pt;">8%</font></font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.44%; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #00458c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt;">DI + 1</font><font style="color: #00458c; font-size: 10pt;">.</font><font style="color: #00458c; font-size: 10pt;">0%</font></font></p>



















</td>



















</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.7%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #8d8b8c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">Average</font><font style="color: #262626; font-size: 10pt;"> cash </font><font style="color: #262626; font-size: 10pt;">yield</font> <font style="color: #262626; font-size: 9pt;">(% DI)</font></font></p>



















</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.44%; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #8d8b8c !important; border-left-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">97%</font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.44%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">99%</font></p>



















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.44%; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #8d8b8c !important; border-right-color: #8d8b8c !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">99%</font></p>



















</td>



















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<tr style="height: 17px;">
<td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="font-family: 'times new roman', times; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><sup>1</sup>&nbsp; LTM Adjusted EBITDA does not include closing adjustments from the sale of Extrafarma and extraordinary tax credits </font></p>



















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</table>
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 10pt; line-height: inherit;">Ultrapar ended </font><font style="font-size: 10pt; line-height: inherit;">3Q</font><font style="font-size: 10pt; line-height: inherit;">24 with a net debt of R$ 8.0 billion (1.3x Adjusted LTM EBITDA), compared to R$ 7.7 billion in June 2024 (1.2x Adjusted LTM EBITDA). The increase in net debt is mainly due to the </font><font style="font-size: 10pt; line-height: inherit;">reduction of </font><font style="font-size: 10pt; line-height: inherit;">R$ 240 million in </font><font style="font-size: 10pt; line-height: inherit;">draft discount</font><font style="font-size: 10pt; line-height: inherit;"> balance and the payment of dividends in August 2024. The increase in financial leverage reflects the </font><font style="font-size: 10pt; line-height: inherit;">lower EBITDA </font><font style="font-size: 10pt; line-height: inherit;">and </font><font style="font-size: 10pt; line-height: inherit;">higher net debt</font><font style="font-size: 10pt; line-height: inherit;">.</font></font></p>
<p style="font-size: 7pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br></p>
<p style="font-size: 12pt; line-height: 1.2; margin: 0pt;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #00458c; font-weight: bold; line-height: inherit;">Cash and maturity profile and breakdown of the gross debt (R$ m</font><font style="color: #00458c; font-weight: bold; line-height: inherit;">illion)</font><font style="color: #00458c; font-weight: bold; line-height: inherit;">:</font> </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><img src="img5f41954da56146259210.jpg" alt="Graphics"></p>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman'; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>83</font></font></td>





























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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>





























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<td style="width: 55.9738%; height: 10px; vertical-align: middle; border-bottom: 1.5pt solid #000080;" valign="middle"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 18pt; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3Q24</font></td>
<td style="height: 10px; width: 43.9853%; vertical-align: middle; border-bottom: 1.5pt solid #000080;" valign="middle"><font style="font-family: 'times new roman', times;"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></font></td>



























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<p style="font-size: 12pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><font style="color: #3cbfbe; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Updates on ESG themes</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Ipiranga, Ultragaz, </font><font style="font-weight: bold; line-height: inherit;">Ultracargo</font><font style="font-weight: bold; line-height: inherit;">, and </font><font style="font-weight: bold; line-height: inherit;">Hidrovias</font><font style="font-weight: bold; line-height: inherit;"> do Brasil</font> received the <font style="font-weight: bold; line-height: inherit;">Gold Seal from the </font><font style="font-weight: bold; line-height: inherit;">GHG Protocol</font><font style="font-weight: bold; line-height: inherit;"> Program</font>, which recognizes companies with emissions inventories verified by external assurance, highlighting their commitment to transparency and international quality standards.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In September, <font style="font-weight: bold; line-height: inherit;">Ultrapar, Ipiranga and Iconic</font> participated in <font style="font-weight: bold; line-height: inherit;">ROG.e</font><font style="font-weight: bold; line-height: inherit;"> 2024 (Rio Oil and Gas)</font>, one of the largest global energy events, held in Rio de Janeiro with over 76 thousand participants. Panel discussions addressed topics such as the Brazilian energy matrix, public policies for energy transition, and challenges in the sector.</font></p>
<p style="font-size: 11pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">B3 Social and Instituto Ultra</font> launched the <font style="color: #0000ff; text-decoration: underline; line-height: inherit;">Segunda </font><font style="color: #0000ff; text-decoration: underline; line-height: inherit;">Chamada</font> (Second Call) campaign to <font style="font-weight: bold; line-height: inherit;">support </font><font style="font-weight: bold; line-height: inherit;">the rebuilding of </font><font style="font-weight: bold; line-height: inherit;">school</font><font style="font-weight: bold; line-height: inherit;">s</font><font style="font-weight: bold; line-height: inherit;"> in Canoas (</font><font style="font-weight: bold; line-height: inherit;">state of Rio Grande do Sul</font><font style="font-weight: bold; line-height: inherit;">)</font>. The initiative has already raised over R$ 2.2 million, benefiting around 15 thousand students.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In August, Ultrapar concluded the <font style="font-weight: bold; line-height: inherit;">3<sup>rd</sup></font><font style="font-weight: bold; line-height: inherit;">&nbsp;edition of the Social Acceleration Program</font>, involving over 100 volunteers and supporting 16 NGOs in S&#227;o Paulo, Campinas, Rio de Janeiro, and Duque de Caxias. Ultrapar volunteers supported selected NGOs by implementing initiatives that generate sustainable benefits for these organizations' management challenges.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Additionally, as part of <font style="font-weight: bold; line-height: inherit;">I</font><font style="font-weight: bold; line-height: inherit;">conic</font>'s decarbonization initiatives, since August, the Duque de Caxias (state of Rio de Janeiro) unit has been operating with <font style="font-weight: bold; line-height: inherit;">biomethane</font>-powered boilers, <font style="font-weight: bold; line-height: inherit;">reducing carbon emissions by 40%</font> in the first month of operation compared to 2020. Iconic&#8217;s projected biomethane demand is 150 thousand m&#179; per month. The supply is provided by Ultragaz, reinforcing the commitment to sustainability within Ultrapar's businesses.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In September, <font style="font-weight: bold; line-height: inherit;">Ultragaz</font> supported the <font style="font-weight: bold; line-height: inherit;">Gastromotiva</font><font style="font-weight: bold; line-height: inherit;"> Community Meeting</font> in Rio de Janeiro, with over 300 participants. The event highlighted social gastronomy as a tool <font style="font-weight: bold; line-height: inherit;">for income generation and professional training</font>, along with the importance of LPG in combating food insecurity. Additionally, by joining Childhood Brazil's <font style="font-weight: bold; line-height: inherit;">Programa</font> <font style="font-weight: bold; line-height: inherit;">na</font><font style="font-weight: bold; line-height: inherit;"> M&#227;o Certa</font> (In the Right Hand), Ultragaz became a reporting channel for cases of child and teenager abuse or sexual exploitation, reinforcing the entire LPG supply chain&#8217;s commitment to this cause. In September, Ultragaz and CBMM, a niobium technology developer, established a partnership to <font style="font-weight: bold; line-height: inherit;">replace fossil fuels with </font><font style="font-weight: bold; line-height: inherit;">BioLPG</font> at CBMM's industrial complex, promoting sustainable development. Finally, in partnership with <font style="font-weight: bold; line-height: inherit;">CDP</font>, Ultragaz offered certified courses for buyers and suppliers in September, training them on climate-related topics and encouraging them to incorporate climate solutions into their operations.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Ultracargo</font>, in partnership with Associa&#231;&#227;o Cactus in Ipojuca (state of Pernambuco), has been promoting the <font style="font-weight: bold; line-height: inherit;">development of </font><font style="font-weight: bold; line-height: inherit;">public-school</font><font style="font-weight: bold; line-height: inherit;"> students</font> through supplementary classes and academic competitions. As a result, disclosed in August 2024, the region&#8217;s <font style="font-weight: bold; line-height: inherit;">2023</font> <font style="font-weight: bold; line-height: inherit;">Basic Education Development Index </font><font style="font-weight: bold; line-height: inherit;">score increased by 13%</font> compared to 2019. Additionally, in August, <font style="font-weight: bold; line-height: inherit;">Ultracargo</font> conducted the first <font style="font-weight: bold; line-height: inherit;">robot-automated</font><font style="font-weight: bold; line-height: inherit;"> cleaning and inspection</font> of a water tank at the Itaqui (state of Maranh&#227;o) terminal, ensuring <font style="font-weight: bold; line-height: inherit;">water savings and increased </font><font style="font-weight: bold; line-height: inherit;">safety</font> of assets and employees. In September, Ultracargo joined the <font style="font-weight: bold; line-height: inherit;">Instituto </font><font style="font-weight: bold; line-height: inherit;">Combust&#237;vel</font><font style="font-weight: bold; line-height: inherit;"> Legal </font>(Legal Fuel Institute), being the first player of the logistics sector to join this movement. The Institute&#8217;s mission is to build an ethical and fair environment in the fuel sector, combating fraud and promoting healthy competition. <font style="font-weight: bold; line-height: inherit;">Ipiranga</font> has also been a part of the Institute since 2020.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In August, <font style="font-weight: bold; line-height: inherit;">Hidrovias</font> signed a <font style="font-weight: bold; line-height: inherit;">Technical Cooperation Agreement </font>with the <font style="font-weight: bold; line-height: inherit;">Secretariat of Environment and Sustainability of Par&#225;</font> (SEMAS), the first agreement of this kind made between SEMAS and a private company. The agreement aims at <font style="font-weight: bold; line-height: inherit;">sustainable development and community well-being</font>, including monitoring of fishing activities, combating illegal fishing, promoting food security, and strengthening sustainable tourism. With this partnership, Hidrovias reinforces its commitment to environmental protection and the improvement of the quality of life for riverside communities.</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #ffffff; font-size: 10pt; font-weight: bold;">&nbsp;</font><font style="color: #ffffff; font-size: 10pt; font-weight: bold;">Capital markets</font></font></p>































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<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt;">Quarter</font></p>































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #ffffff; font-size: 10pt;">3</font><font style="color: #ffffff; font-size: 10pt;">Q</font><font style="color: #ffffff; font-size: 10pt;">24</font></font></p>































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #ffffff; font-size: 10pt;">3</font><font style="color: #ffffff; font-size: 10pt;">Q</font><font style="color: #ffffff; font-size: 10pt;">23</font></font></p>































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #ffffff; font-size: 10pt;">2</font><font style="color: #ffffff; font-size: 10pt;">Q</font><font style="color: #ffffff; font-size: 10pt;">24</font></font></p>































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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold;">Final number of shares</font> <font style="color: #00458c; font-size: 9pt; font-weight: bold;">(</font><font style="color: #00458c; font-size: 9pt; font-weight: bold;">&#8216;000 shares</font><font style="color: #00458c; font-size: 9pt; font-weight: bold;">) </font></font></p>































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<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; height: 17px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; width: 12%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold;">1</font><font style="color: #00458c; font-size: 10pt; font-weight: bold;">,</font><font style="color: #00458c; font-size: 10pt; font-weight: bold;">115</font><font style="color: #00458c; font-size: 10pt; font-weight: bold;">,</font><font style="color: #00458c; font-size: 10pt; font-weight: bold;">440</font></font></p>































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; width: 12%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt;">1</font><font style="color: #00458c; font-size: 10pt;">,</font><font style="color: #00458c; font-size: 10pt;">115</font><font style="color: #00458c; font-size: 10pt;">,</font><font style="color: #00458c; font-size: 10pt;">212</font></font></p>































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt;">1</font><font style="color: #00458c; font-size: 10pt;">,</font><font style="color: #00458c; font-size: 10pt;">115</font><font style="color: #00458c; font-size: 10pt;">,</font><font style="color: #00458c; font-size: 10pt;">404</font></font></p>































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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold;">Market capitalization</font><font style="color: #00458c; font-size: 10pt; font-weight: bold;">&#185; </font><font style="color: #00458c; font-size: 9pt; font-weight: bold;">(R$ </font><font style="color: #00458c; font-size: 9pt; font-weight: bold;">mil</font><font style="color: #00458c; font-size: 9pt; font-weight: bold;">lion</font><font style="color: #00458c; font-size: 9pt; font-weight: bold;">)</font></font></p>































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<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; height: 17px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt; font-weight: bold;">23</font><font style="color: #00458c; font-size: 10pt; font-weight: bold;">,</font><font style="color: #00458c; font-size: 10pt; font-weight: bold;">658</font></font></p>































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #00458c !important; border-bottom-color: #00458c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt;">20</font><font style="color: #00458c; font-size: 10pt;">,</font><font style="color: #00458c; font-size: 10pt;">910</font></font></p>































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #00458c; font-size: 10pt;">24</font><font style="color: #00458c; font-size: 10pt;">,</font><font style="color: #00458c; font-size: 10pt;">093</font></font></p>































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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">B3</font></p>































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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; height: 17px; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; height: 17px; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-indent: 20pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">Average daily trading volume </font><font style="color: #262626; font-size: 9pt;">(</font><font style="color: #262626; font-size: 9pt;">&#8216;000</font><font style="color: #262626; font-size: 9pt;"> shares)</font></font></p>































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<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; height: 17px; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">5</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">393</font></font></p>































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">4</font><font style="color: #262626; font-size: 10pt;">,</font><font style="color: #262626; font-size: 10pt;">879</font></font></p>































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; height: 17px; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">4</font><font style="color: #262626; font-size: 10pt;">,</font><font style="color: #262626; font-size: 10pt;">297</font></font></p>































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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; height: 17px; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-indent: 20pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">Average daily financial volume </font><font style="color: #262626; font-size: 9pt;">(R$ </font><font style="color: #262626; font-size: 9pt;">thousand</font><font style="color: #262626; font-size: 9pt;">)</font></font></p>































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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">122</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">972</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">91</font><font style="color: #262626; font-size: 10pt;">,</font><font style="color: #262626; font-size: 10pt;">984</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; height: 17px; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">106</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">068</font></font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; height: 17px; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-indent: 20pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">Average share price </font><font style="color: #262626; font-size: 9pt;">(R$/share)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; height: 17px; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">22</font><font style="font-size: 10pt;">.</font><font style="font-size: 10pt;">8</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">18</font><font style="color: #262626; font-size: 10pt;">.</font><font style="color: #262626; font-size: 10pt;">85</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; height: 17px; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">24</font><font style="font-size: 10pt;">.</font><font style="font-size: 10pt;">68</font></font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; height: 17px; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">NYSE</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; height: 17px; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; height: 17px; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; height: 17px; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-indent: 20pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">Quantity of ADRs&#178; </font><font style="color: #262626; font-size: 9pt;">(</font><font style="color: #262626; font-size: 9pt;">&#8216;000</font><font style="color: #262626; font-size: 9pt;"> ADRs)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; height: 17px; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">59</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">2</font><font style="font-size: 10pt;">58</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">54</font><font style="color: #262626; font-size: 10pt;">,</font><font style="color: #262626; font-size: 10pt;">721</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; height: 17px; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">59</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">223</font></font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; height: 17px; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-indent: 20pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">Average daily trading volume </font><font style="color: #262626; font-size: 9pt;">(</font><font style="color: #262626; font-size: 9pt;">&#8216;000</font><font style="color: #262626; font-size: 9pt;"> ADRs)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; height: 17px; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">1</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">211</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">1</font><font style="color: #262626; font-size: 10pt;">,</font><font style="color: #262626; font-size: 10pt;">372</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; height: 17px; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">1</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">340</font></font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; height: 17px; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-indent: 20pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">Average daily financial volume </font><font style="color: #262626; font-size: 9pt;">(US$ </font><font style="color: #262626; font-size: 9pt;">thousand</font><font style="color: #262626; font-size: 9pt;">)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; height: 17px; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">4</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">954</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">5</font><font style="color: #262626; font-size: 10pt;">,</font><font style="color: #262626; font-size: 10pt;">221</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; height: 17px; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">6</font><font style="color: #262626; font-size: 10pt;">,</font><font style="color: #262626; font-size: 10pt;">490</font></font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; height: 17px; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-indent: 20pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">Average share </font><font style="color: #262626; font-size: 9pt;">(US$/ADRs)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; height: 17px; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">4</font><font style="font-size: 10pt;">.</font><font style="font-size: 10pt;">09</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">3</font><font style="color: #262626; font-size: 10pt;">.</font><font style="color: #262626; font-size: 10pt;">81</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; height: 17px; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">4</font><font style="color: #262626; font-size: 10pt;">.</font><font style="color: #262626; font-size: 10pt;">84</font></font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; height: 17px; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total</font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; height: 17px; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; height: 17px; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; height: 17px; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-indent: 20pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">Average daily trading volume </font><font style="color: #262626; font-size: 9pt;">(</font><font style="color: #262626; font-size: 9pt;">&#8216;000</font><font style="color: #262626; font-size: 9pt;"> shares)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-left-width: 1px; border-left-style: solid; height: 17px; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">6</font><font style="color: #262626; font-size: 10pt;">,</font><font style="color: #262626; font-size: 10pt;">604</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">6</font><font style="color: #262626; font-size: 10pt;">,</font><font style="color: #262626; font-size: 10pt;">251</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-right-width: 1px; border-right-style: solid; height: 17px; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">5</font><font style="color: #262626; font-size: 10pt;">,</font><font style="color: #262626; font-size: 10pt;">637</font></font></p>































</td>































</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; height: 17px; border-bottom-color: #8d8b8c !important; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-indent: 20pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">Average daily financial volume </font><font style="color: #262626; font-size: 9pt;">(R$ </font><font style="color: #262626; font-size: 9pt;">thousand</font><font style="color: #262626; font-size: 9pt;">)</font></font></p>































</td>
<td style="background-color: #d9e5f1; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; height: 17px; border-bottom-color: #8d8b8c !important; border-left-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">150</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">482</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 10pt;">117</font><font style="color: #262626; font-size: 10pt;">,</font><font style="color: #262626; font-size: 10pt;">552</font></font></p>































</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; height: 17px; border-bottom-color: #8d8b8c !important; border-right-color: #8d8b8c !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">139</font><font style="font-size: 10pt;">,</font><font style="font-size: 10pt;">743</font></font></p>































</td>































</tr>































































</table>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;"><sup>1</sup>&nbsp; Calculated on the closing share price for the period </font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;"><sup>2</sup>&nbsp; 1 ADR = 1 common share</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 10pt; line-height: inherit;">Ultrapar&#8217;s</font><font style="font-size: 10pt; line-height: inherit;"> shares ended</font><font style="font-size: 10pt; line-height: inherit;"> the quarter</font><font style="font-size: 10pt; line-height: inherit;"> priced at R$ 21.21 on B3, a</font><font style="font-size: 10pt; line-height: inherit;"> depreciation of</font><font style="font-size: 10pt; line-height: inherit;"> 2% </font><font style="font-size: 10pt; line-height: inherit;">in</font><font style="font-size: 10pt; line-height: inherit;"> the quarter, while the Ibovespa </font><font style="font-size: 10pt; line-height: inherit;">stock </font><font style="font-size: 10pt; line-height: inherit;">index appreciated by 6%. On the NYSE, </font><font style="font-size: 10pt; line-height: inherit;">Ultrapar&#8217;s</font><font style="font-size: 10pt; line-height: inherit;"> shares </font><font style="font-size: 10pt; line-height: inherit;">depreciated</font><font style="font-size: 10pt; line-height: inherit;"> by 1% while the Dow Jones index appreciated by 8% for the quarter. Ultrapar ended </font><font style="font-size: 10pt; line-height: inherit;">3Q</font><font style="font-size: 10pt; line-height: inherit;">24 with a market </font><font style="font-size: 10pt; line-height: inherit;">cap</font><font style="font-size: 10pt; line-height: inherit;"> of R$ 24 billion.</font></font></p>
<p style="font-size: 9pt; line-height: 1.4; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="color: #00458c; font-size: 9pt; font-weight: bold; line-height: inherit;">UGPA3 x Ibovespa</font><font style="color: #00458c; font-size: 9pt; font-weight: bold; line-height: inherit;"> performance</font></font></p>
<p style="font-size: 8pt; line-height: 1.4; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="color: #00458c; font-size: 8pt; font-weight: bold; line-height: inherit;">(</font><font style="color: #00458c; font-size: 8pt; font-weight: bold; line-height: inherit;">Dec</font><font style="color: #00458c; font-size: 8pt; font-weight: bold; line-height: inherit;"> 28, 2023 = 100</font><font style="color: #00458c; font-size: 8pt; font-weight: bold; line-height: inherit;">)</font></font></p>
<p style="font-size: 9.5pt; line-height: 108%; margin: 8pt 0pt 6pt;"><font style="font-family: 'times new roman', times; font-size: 9.5pt;">&nbsp;<img src="imga93eb367b6ad42d18274.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"></font></p>
<p style="font-size: 9.5pt; line-height: 108%; margin: 8pt 0pt 6pt 240pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 9.5pt;">Source: Broadcast</font></p>
<p style="font-size: 12pt; line-height: 1.2; margin: 8pt 0pt 6pt; text-align: justify;"><font style="color: #3cbfbe; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">3Q24 Conference call</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 8pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 10pt; line-height: inherit;">Ultrapar will ho</font><font style="font-size: 10pt; line-height: inherit;">st</font><font style="font-size: 10pt; line-height: inherit;"> a conference call with analysts and investors on November 14, 2024, to </font><font style="font-size: 10pt; line-height: inherit;">comment on</font><font style="font-size: 10pt; line-height: inherit;"> the Company&#8217;s performance in the third quarter of 2024 and </font><font style="font-size: 10pt; line-height: inherit;">its </font><font style="font-size: 10pt; line-height: inherit;">outlook. The presentation will be available for download on the Company&#8217;s website 30 minutes</font><font style="font-size: 10pt; line-height: inherit;"> prior to</font><font style="font-size: 10pt; line-height: inherit;"> the start.&nbsp;&nbsp;</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 8pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The conference call will be broadcast via webcast and conducted in Portuguese with simultaneous translation into English. Please connect 10 minutes in advance.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Conference call in Portuguese with simultaneous translation into English</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">Time</font><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">: 11h00 (BRT) </font><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">/ </font><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">09</font><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">h00 (E</font><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">S</font><font style="color: #00458c; font-size: 10pt; font-weight: bold; line-height: inherit;">T)</font></font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Access link via webcast</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 10pt; line-height: inherit;">Participants </font><font style="font-size: 10pt; line-height: inherit;">from</font><font style="font-size: 10pt; line-height: inherit;"> Bra</font><font style="font-size: 10pt; line-height: inherit;">z</font><font style="font-size: 10pt; line-height: inherit;">il: cli</font><font style="font-size: 10pt; line-height: inherit;">ck</font> <font style="color: #0000ff; font-size: 10pt; text-decoration: underline; line-height: inherit;">here</font></font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 10pt; line-height: inherit;">International participants</font><font style="font-size: 10pt; line-height: inherit;">: cli</font><font style="font-size: 10pt; line-height: inherit;">ck </font><font style="color: #0000ff; font-size: 10pt; text-decoration: underline; line-height: inherit;">here</font></font><br></p>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman'; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>85</font></font></td>




























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<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>




























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<table style="width: 99.9182%; margin-left: 0.1px; height: 27px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

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<td style="width: 55.9738%; height: 10px; vertical-align: middle; border-bottom: 1.5pt solid #000080;" valign="middle"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 18pt; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3Q24</font></td>
<td style="height: 10px; width: 43.9853%; vertical-align: middle; border-bottom: 1.5pt solid #000080;" valign="middle"><font style="font-family: 'times new roman', times;"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></font></td>



























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<p style="margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman'; font-size: 10pt;">&nbsp;</font></p>































</div><div style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2;">
<p style="text-align: right; margin: 0px; text-indent: 0px;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">R$ million</font></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 672px; border-collapse: collapse; width: 100%; margin: 0px; font-size: 10pt; font-family: 'times new roman'; text-indent: 0px;">





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<td rowspan="2" height="64" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-weight: bold; text-decoration: none; vertical-align: middle; background: #00458c; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; text-align: center; border-width: 1px; border-style: solid;"><font style="border-bottom: 1px solid #00458c; height: 33.4583px; width: 608pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-weight: bold; text-decoration: none; vertical-align: middle; border-top: 1px solid #00458c; border-right: none; border-left: 1px solid #00458c; border-image: initial; white-space: normal; text-align: center; background: #00458c;">ULTRAPAR - Balance sheet<font style="border-bottom: 1px solid #00458c; height: 33.4583px; width: 608pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-weight: bold; text-decoration: none; vertical-align: middle; border-top: 1px solid #00458c; border-right: none; border-left: 1px solid #00458c; border-image: initial; white-space: normal; text-align: center; background: #00458c;">&nbsp;</font></font></td>
<td rowspan="2" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-weight: 400; text-decoration: none; vertical-align: middle; background: #8d8b8c; height: 10px; white-space: normal; text-align: center; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-right-color: #8d8b8c !important; border-left-color: #8c8b8d !important;"><font style="width: 11.6926%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; background: #8d8b8c; height: 10px; font-size: 10pt; white-space: normal;"><font style="width: 11.6926%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-weight: 400; text-decoration: none; vertical-align: middle; background: #8d8b8c; height: 10px; white-space: normal;">&nbsp;</font>Sep 24<font style="width: 11.6926%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-weight: 400; text-decoration: none; vertical-align: middle; background: #8d8b8c; height: 10px; white-space: normal;">&nbsp;</font></font></td>
<td rowspan="2" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-weight: 400; text-decoration: none; vertical-align: middle; background: #8d8b8c; height: 10px; white-space: normal; text-align: center; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-right-color: #8d8b8c !important; border-left-color: #8c8b8d !important;"><font style="width: 11.6926%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; background: #8d8b8c; height: 10px; font-size: 10pt; white-space: normal;"><font style="width: 11.6926%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-weight: 400; text-decoration: none; vertical-align: middle; background: #8d8b8c; height: 10px; white-space: normal;">&nbsp;</font>Sep 23<font style="width: 11.6926%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-weight: 400; text-decoration: none; vertical-align: middle; background: #8d8b8c; height: 10px; white-space: normal;">&nbsp;</font></font></td>
<td rowspan="2" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-weight: 400; text-decoration: none; vertical-align: middle; background: #8d8b8c; height: 10px; white-space: normal; text-align: center; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-right-color: #8d8b8c !important; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;Jun 24&nbsp;</font></td>




























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<tr style="height: 10px;">
<td style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"></td>
<td style="padding: 1px 2px 0px 1px; color: #1f497d; font-weight: bold; text-decoration: none; vertical-align: middle; background: #d9e5f1; height: 10px; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><br></td>
<td style="padding: 1px 2px 0px 1px; color: #1f497d; font-weight: bold; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><br></td>
<td style="padding: 1px 2px 0px 1px; color: #1f497d; font-weight: bold; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><br></td>




























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<tr style="height: 10px;">
<td style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; text-decoration: none; vertical-align: bottom; white-space: normal; width: 70%; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">ASSETS</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: bold; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; width: 10%; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><br></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: bold; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; width: 10%; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><br></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: bold; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; width: 10%; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><br></td>




























     </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;">
<p><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash and cash equivalents</font></p>


































      </td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">3,855</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">6,037</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">3,831</font></td>




























     </tr>
<tr style="height: 10px;">
<td style="height: 10px; padding: 1px 0px 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Financial investments and
       derivative financial instruments</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">377</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">209</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">301</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 1px 0px 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Trade receivables and reseller
       financing</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">4,127</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">4,462</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">4,517</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 1px 0px 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Trade receivables - sale of
       subsidiaries</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px; width: 11.6926%; font-size: 10pt; white-space: normal;">-</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 21px; width: 11.6926%; font-size: 10pt; white-space: normal;">932</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 21px; width: 11.6926%; font-size: 10pt; white-space: normal;">220</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 1px 0px 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Inventories</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">4,742</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">3,914</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">3,990</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 1px 0px 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Recoverable taxes</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,694</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,479</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,666</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 1px 0px 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Energy trading futures
       contracts</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">140</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">-</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">-</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 1px 0px 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Prepaid expenses</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">127</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">127</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">151</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 1px 0px 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Contractual assets with
       customers - exclusive rights</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">744</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">745</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">777</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 1px 0px 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Other receivables</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px; width: 11.6926%; font-size: 10pt; white-space: normal;">359</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 21px; width: 11.6926%; font-size: 10pt; white-space: normal;">134</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 21px; width: 11.6926%; font-size: 10pt; white-space: normal;">295</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="24" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-top: 1px solid #00458c; border-bottom: 1px solid #00458c; border-left: 1px solid #00458c; margin-left: 0.1px; border-right-color: #00458c; vertical-align: middle;"><font style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px;">Total Current Assets</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,166</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-width: 1px; border-color: #00458c !important; border-style: solid; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">18,039</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-top: 1px solid #00458c; border-bottom: 1px solid #00458c; border-right: 1px solid #00458c; border-left-color: #00458c; margin-left: 0.1px;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">15,746</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Financial investments and
       hedge derivative financial instruments</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">3,137</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">581</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">3,298</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Trade receivables and reseller
       financing</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">710</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">545</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">691</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Deferred income and social
       contribution taxes</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,326</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,187</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,268</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Recoverable taxes</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">2,629</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">2,833</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">2,731</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Energy trading futures
       contracts</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">205</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">-</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">-</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Escrow deposits<font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; border: none; white-space: nowrap;">&nbsp;</font></font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,052</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,016</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,055</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Prepaid expenses</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">56</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">51</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">62</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Contractual assets with
       customers - exclusive rights</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,399</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,445</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,432</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Other receivables</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">313</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">287</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">287</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Investments in subsidiaries,
       joint ventures and associates</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,720</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">326</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,599</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Right-of-use assets, net</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,691</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,742</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,612</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Property, plant and equipment,
       net</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">6,756</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">6,090</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">6,585</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Intangible assets, net</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">2,162</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">2,266</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,975</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="24" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-top: 1px solid #00458c; border-bottom: 1px solid #00458c; border-left: 1px solid #00458c; margin-left: 0.1px; border-right-color: #00458c; vertical-align: middle;"><font style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px;">Total Non-Current Assets</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,156</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-width: 1px; border-color: #00458c !important; border-style: solid; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">18,370</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px; border: 1px solid #00458c;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">22,594</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: bold; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><br></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 5px; width: 11.6926%; font-size: 10pt; white-space: normal;">&nbsp;</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="24" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-top: 1px solid #00458c; border-bottom: 1px solid #00458c; border-left: 1px solid #00458c; margin-left: 0.1px; border-right-color: #00458c; vertical-align: middle;"><font style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px;">Total Assets</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">39,322</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-width: 1px; border-color: #00458c !important; border-style: solid; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">36,409</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px; border: 1px solid #00458c;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">38,340</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">LIABILITIES</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: bold; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: bold; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: bold; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">&nbsp;</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Trade payables</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">3,051</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">3,850</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">3,127</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Trade payables - reverse
       factoring</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,291</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,175</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,531</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Loans, financing and
       derivative financial instruments</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">2,932</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,088</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">2,987</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Debentures</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">454</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,218</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">427</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Salaries and related charges</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">466</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">459</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">399</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Taxes payable</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">529</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">665</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">429</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Leases payable</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">321</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">294</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">332</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Energy trading futures
       contracts</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">92</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">-</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">-</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Financial liabilities of
       customers (vendor)</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">126</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">161</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">135</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Provision for decarbonization
       credits</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">268</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">569</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">147</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Other payables</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">761</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">464</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">635</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="24" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-top: 1px solid #00458c; border-bottom: 1px solid #00458c; border-left: 1px solid #00458c; margin-left: 0.1px; border-right-color: #00458c; vertical-align: middle;"><font style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px;">Total Current Liabilities</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,292</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-width: 1px; border-color: #00458c !important; border-style: solid; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">9,942</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px; border: 1px solid #00458c;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 18px; width: 11.6926%; font-size: 10pt; white-space: normal;">10,151</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Loans, financing and
       derivative financial instruments</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">5,580</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">5,803</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">6,179</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Debentures</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">4,882</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">4,269</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">4,110</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Energy trading futures
       contracts</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">57</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">-</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">-</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Provision for tax, civil and
       labor risks</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,242</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,175</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,252</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Post-employment benefits</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">255</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">202</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">250</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Leases payable</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,168</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,238</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,094</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Financial liabilities of
       customers (vendor)</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">84</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">193</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">109</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Other payables</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px; width: 11.6926%; font-size: 10pt; white-space: normal;">413</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 21px; width: 11.6926%; font-size: 10pt; white-space: normal;">343</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 21px; width: 11.6926%; font-size: 10pt; white-space: normal;">342</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="24" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-top: 1px solid #00458c; border-bottom: 1px solid #00458c; border-left: 1px solid #00458c; margin-left: 0.1px; border-right-color: #00458c; vertical-align: middle;"><font style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px;">Total Non-Current Liabilities</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,681</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-width: 1px; border-color: #00458c !important; border-style: solid; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">13,223</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px; border: 1px solid #00458c;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">13,336</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 72px; color: #00458c; font-weight: bold; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 5px; width: 11.6926%; font-size: 10pt; white-space: normal;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 5px; width: 11.6926%; font-size: 10pt; white-space: normal;">&nbsp;</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="24" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-top: 1px solid #00458c; border-bottom: 1px solid #00458c; border-left: 1px solid #00458c; margin-left: 0.1px; border-right-color: #00458c; vertical-align: middle;"><font style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px;">Total Liabilities</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,973</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-width: 1px; border-color: #00458c !important; border-style: solid; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">23,166</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-width: 1px; border-color: #00458c !important; border-style: solid;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">23,486</font></td>




























     </tr>
<tr style="height: 17px;">
<td height="28" style="height: 17px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">EQUITY</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: bold; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 17px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: bold; text-decoration: none; vertical-align: bottom; height: 17px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: bold; text-decoration: none; vertical-align: bottom; height: 17px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">&nbsp;</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Share capital</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">6,622</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">6,622</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">6,622</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Reserves</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">6,999</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">5,263</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">6,999</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Treasury shares</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">(449)</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">(471)</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">(450)</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Others</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,532</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,287</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,114</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Non-controlling interests in
       subsidiaries</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">645</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">542</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">570</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="24" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-top: 1px solid #00458c; border-bottom: 1px solid #00458c; border-left: 1px solid #00458c; margin-left: 0.1px; border-right-color: #00458c; vertical-align: middle;"><font style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px;">Total Equity</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,348</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-width: 1px; border-color: #00458c !important; border-style: solid; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">13,243</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px; border: 1px solid #00458c;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">14,854</font></td>




























     </tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 5px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 5px; width: 11.6926%; font-size: 10pt; white-space: normal;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 5px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 5px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 5px; width: 11.6926%; font-size: 10pt; white-space: normal;">&nbsp;</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="24" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-top: 1px solid #00458c; border-bottom: 1px solid #00458c; border-left: 1px solid #00458c; margin-left: 0.1px; border-right-color: #00458c; vertical-align: middle;"><font style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px;">Total Liabilities and Equity</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">39,322</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-width: 1px; border-color: #00458c !important; border-style: solid; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">36,409</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px; border: 1px solid #00458c;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 18px; width: 11.6926%; font-size: 10pt; white-space: normal;">38,340</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Cash and cash equivalents</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">7,370</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">6,828</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">7,429</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Gross debt</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">(13,848)</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">(12,378)</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">(13,703)</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; border: none; white-space: nowrap;">Leases payable</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; background: #d9e5f1; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">(1,489)</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">(1,532)</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: bottom; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">(1,426)</font></td>




























     </tr>
<tr style="height: 10px;">
<td height="24" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-top: 1px solid #00458c; border-bottom: 1px solid #00458c; border-left: 1px solid #00458c; margin-left: 0.1px; border-right-color: #00458c; vertical-align: middle;"><font style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px;">Net debt</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(7,968)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-width: 1px; border-color: #00458c !important; border-style: solid; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">(7,082)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px; border: 1px solid #00458c;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(7,700)</font></td>




























     </tr>































































   </table>






































  </div>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>86</font></font></td>


































     </tr>





































































   </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>


































  </div>
<p style="margin:0pt"><br></p>
<table style="width: 99.9182%; margin-left: 0.1px; height: 27px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: middle;" valign="middle"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 18pt; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3Q24</font></td>
<td style="height: 10px; width: 43.9853%; vertical-align: middle;" valign="middle"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>


































    </tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>
<td style="vertical-align: top; width: 43.9853%; height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>


































    </tr>





































































  </table>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><br></p>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">R$ million</font></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin: 0px; height: 395px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">







<tr style="height: 10px;">
<td rowspan="2" height="64" style="height: 20px; padding: 0px; color: #ffffff; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: center; background: #00458c; font-size: 10pt; white-space: normal; border-image: initial !important; border-width: 1px; border-color: #8d8d8d !important; border-style: solid;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>ULTRAPAR -
      Income statement<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td colspan="3" style="padding: 0px; color: #ffffff; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; text-align: center; background: #00458c; font-size: 10pt; height: 10px; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>Quarter<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td colspan="2" style="padding: 0px; color: #ffffff; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; text-align: center; background: #00458c; font-size: 10pt; height: 10px; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>YTD<font style="mso-spacerun: yes;">&nbsp;</font></font></td>




























    </tr>
<tr style="height: 10px;">
<td height="32" style="height: 10px; padding: 0px; color: #ffffff; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: center; background: #8d8b8c; font-size: 10pt; white-space: normal; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>3Q24<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: center; background: #8d8b8c; font-size: 10pt; height: 10px; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>3Q23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: center; background: #8d8b8c; font-size: 10pt; height: 10px; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2Q24</font></td>
<td style="padding: 0px; color: #ffffff; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: center; background: #8d8b8c; font-size: 10pt; height: 10px; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9M24</font></td>
<td style="padding: 0px; color: #ffffff; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: center; background: #8d8b8c; font-size: 10pt; height: 10px; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9M23</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; padding: 0px; color: #000000; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; text-align: center; font-size: 10pt; white-space: normal;"></td>
<td style="padding: 0px 2px 0px 0px; color: #000000; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; text-align: center; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #000000; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; text-align: center; font-size: 10pt; height: 10px; white-space: normal;"></td>
<td style="padding: 0px 2px 0px 0px; color: #000000; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; text-align: center; font-size: 10pt; height: 10px; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #000000; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; text-align: center; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #000000; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; text-align: center; font-size: 10pt; height: 10px; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom; width: 60%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenues from sales and
      services</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; width: 8%; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,358</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; width: 8%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">32,484</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; width: 8%; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">32,344</font></td>
<td style="padding: 0px 2px 0px 0px; color: #000000; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; width: 8%; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">98,098</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; width: 8%; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">92,628</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cost of products sold and
      services provided</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(33,076)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(29,619)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(30,236)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #000000; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(91,646)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(86,379)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #00458c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross profit</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,282</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,864</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,108</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,451</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,249</font></td>




























    </tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 5px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 5px; white-space: normal; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 5px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 5px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 5px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: windowtext; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating revenues (expenses)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 36px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Selling and marketing</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(671)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(577)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(644)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #000000; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,884)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,612)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 36px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">General and administrative</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(421)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(549)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(514)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #000000; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,375)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,472)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Results from disposal of
      assets</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">31</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">12</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">37</font></td>
<td style="padding: 0px 2px 0px 0px; color: #000000; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">105</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">104</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other operating income
      (expenses), net</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(111)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(171)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(88)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #000000; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(337)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(510)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #00458c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating income</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,111</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,578</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">899</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,960</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,759</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial result, net</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 36px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial income</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">221</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">296</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">281</font></td>
<td style="padding: 0px 2px 0px 0px; color: #000000; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">662</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">673</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 36px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial expenses</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(329)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(597)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(486)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #000000; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,258)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,502)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total share of profit (loss)
      of subsidiaries, joint ventures and associates</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #000000; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 36px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of
      profit (loss) of subsidiaries, joint ventures and associates</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">4</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(0)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(8)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #000000; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(7)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">12</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 36px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amortization of fair value
      adjustments on associates acquisition</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(0)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #000000; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #00458c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income before income and
      social contribution taxes</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,006</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,278</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">684</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,355</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,942</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income and social contribution
      taxes</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Current</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(366)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(510)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(307)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(760)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(814)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Deferred</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">58</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">123</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">114</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">51</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">276</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #00458c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net income</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">698</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">891</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">491</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,645</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,404</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net income attributable to:</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>Shareholders of Ultrapar</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">652</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">865</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">438</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,521</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,341</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>Non-controlling interests in subsidiaries</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">47</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">26</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">53</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">124</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">63</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom; border-image: initial !important; border-top-width: 1px; border-top-style: solid; border-top-color: initial !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: initial !important; border-left-width: 1px; border-left-style: solid; border-left-color: initial !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjusted EBITDA</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,537</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,001</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,336</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #00458c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,231</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,044</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-recurring<font style="font-size: 8pt;"><sup>1</sup></font></font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(31)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(9)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(54)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(137)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(96)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #00458c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Recurring Adjusted EBITDA</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,506</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,992</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,282</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,093</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,948</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Depreciation and amortization<font style="font-size: 8pt;"><sup>2</sup></font></font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">423</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">423</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">446</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,279</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,274</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total investments<font style="font-size: 8pt;"><sup>3</sup></font></font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">519</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">380</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">479</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,437</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,130</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: windowtext; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">RATIOS</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Earnings per share (R$)</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.59</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.79</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.40</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1.38</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1.22</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="31" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net debt / Adjusted LTM EBITDA<font style="font-size: 8pt;"><sup>4</sup></font></font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1.3x</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1.4x</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1.2x</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1.3x</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1.4x</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross margin (%)</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">6.5%</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">8.8%</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">6.5%</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">6.6%</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">6.7%</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating margin (%)</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">3.1%</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.9%</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">2.8%</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">3.0%</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">3.0%</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjusted EBITDA margin (%)</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.3%</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">6.2%</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.1%</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.3%</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.4%</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Recurring Adjusted EBITDA
      margin (%)</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.3%</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">6.1%</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.0%</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.2%</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.3%</font></td>




























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<tr style="height: 10px;">
<td height="31" style="height: 10px; padding: 0px; color: #000000; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: left; font-size: 10pt; white-space: normal; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of employees<font style="font-size: 8pt;"><sup>5</sup></font></font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #000000; font-weight: 400; font-style: normal; text-decoration: none; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,929</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #000000; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,069</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #000000; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: !important; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,126</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #000000; font-weight: 400; font-style: normal; text-decoration: none; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td align="right" style="padding: 0px 2px 0px 0px; color: #000000; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: !important; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























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<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman'; font-size: 10pt;"><br></font></p>
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<td style="height: 10px; font-size: 10pt; width: 99%; vertical-align: top;" valign="top"><font style="font-size: 7pt;"><sup>1</sup> Non-recurring items described in the EBITDA calculation table &#8211; page 2</font></td>


































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<td style="height: 18px; font-size: 10pt; width: 99%; vertical-align: top;" valign="top"><font style="font-size: 7pt;"><sup>2</sup> Includes amortization with contractual assets with customers &#8211; exclusive rights and amortization of fair value adjustments on associates acquisition</font></td>


































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<td style="height: 10px; font-size: 10pt; width: 99%; text-align: justify; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important; font-size: 7pt;"><font style="color: #000000; font-family: 'times new roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;"><font style="color: #000000; font-family: 'times new roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;"><sup>3&nbsp;</sup></font>Includes property, plant and equipment and additions to intangible assets (net of divestitures), contractual assets with customers (exclusive rights), initial direct costs of assets with right of use, contributions made to<font style="color: #000000; font-family: 'times new roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">&nbsp;</font></font>SPEs<font style="color: #000000; font-family: 'times new roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;"><font style="color: #000000; font-family: 'times new roman'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">&nbsp;</font>(Specific Purpose Companies), payment of grants, financing of clients, rental advances (net of receipts), acquisition of shareholdings and payments of leases</font></font></td>


































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<td style="height: 10px; font-size: 10pt; width: 99%; vertical-align: top;" valign="top"><font style="font-size: 7pt;"><sup>4</sup> Adjusted LTM EBITDA does not include closing adjustments from the sale of Extrafarma and extraordinary tax credits</font></td>


































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<td style="height: 10px; font-size: 10pt; width: 99%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman'; font-size: 7pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><sup>5</sup> Number of employees for 2023 was revised to reflect new criteria (includes only active employees and employees on leave for up to 12 months)</font></td>


































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<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>87</font></font></td>


































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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>


































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<td style="width: 55.9738%; height: 10px; vertical-align: middle;" valign="middle"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 18pt; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3Q24</font></td>
<td style="height: 10px; width: 43.9853%; vertical-align: middle;" valign="middle"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>


































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<td style="width: 55.9738%; height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>
<td style="vertical-align: top; width: 43.9853%; height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>


































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<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><br></p>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman'; font-size: 10pt;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">R$ million</font></font></p>
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<tr style="height: 10px;">
<td colspan="2" rowspan="2" height="66" style="height: 20px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; background: #00458c; font-size: 10pt; white-space: normal; text-align: center; vertical-align: middle; border: 1px solid !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>ULTRAPAR - Cash flows</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: center; background: #00458c; height: 10px; font-size: 10pt; white-space: normal; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>Quarter<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td colspan="2" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: center; background: #00458c; height: 10px; font-size: 10pt; white-space: normal; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>YTD<font style="mso-spacerun: yes;">&nbsp;</font></font></td>




























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<td height="33" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: center; background: #8d8b8c; font-size: 10pt; white-space: normal; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>3Q24<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: center; background: #8d8b8c; height: 10px; font-size: 10pt; white-space: normal; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>9M24<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: center; background: #8d8b8c; height: 10px; font-size: 10pt; white-space: normal; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>9M23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>




























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<td height="21" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 15px; font-size: 10pt; white-space: normal; width: 69%; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash flows from operating activities</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; background: #d9e5f1; height: 15px; font-size: 10pt; white-space: normal; width: 10%; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; background: #d9e5f1; height: 15px; font-size: 10pt; white-space: normal; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 15px; font-size: 10pt; white-space: normal; width: 10%; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























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<tr style="height: 10px;">
<td height="24" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; font-size: 10pt; white-space: normal;"></td>
<td height="24" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-top: 1px solid #00458c; border-bottom: 1px solid #00458c; border-left: 1px solid #00458c; margin-left: 0.1px; border-right-color: #00458c; vertical-align: middle;"><font style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px;">Net income</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">698</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,645 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-width: 1px 1px 1px  0px; border-style: solid; border-color: #00458c; margin-left: 0.1px;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">1,404 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjustments to reconcile net income to cash provided
      (consumed) by operating activities</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="56" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit (loss) of
      subsidiaries, joint ventures and associates and amortization of fair value
      adjustments on associates acquisition</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(12)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amortization of contractual assets with customers - exclusive
      rights</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">148 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">403 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">446 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amortization of right-of-use assets</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">80 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">230 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">221 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Depreciation and amortization</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">220 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">674 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">613 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest and foreign exchange rate variations</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">252 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">944 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,073 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current and deferred income and social contribution taxes</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">308 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">710 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">538 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gain (loss) on disposal or write-off of property, plant and
      equipment, intangible assets and other assets</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(31)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(141)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(104)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Equity instrument granted</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">41 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for decarbonization - CBios</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">121 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">442 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">568 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other provisions and adjustments</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">69 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">153 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,804 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,025 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,926 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(Increase) decrease in assets</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: #051273; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: #051273; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables and reseller financing</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">401 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">158 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">210 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Inventories</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(753)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(455)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,020 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Recoverable taxes</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(131)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(440)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(490)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividends received from subsidiaries, associates and joint
      ventures</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other assets</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(48)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(180)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Increase (decrease) in liabilities</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: #051273; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: #051273; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade payables and trade payables - reverse factoring</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(343)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,400)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,398)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Salaries and related charges</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">64 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(32)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes payable</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(30)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(21)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other liabilities</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">88 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(19)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(68)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Acquisition of CBios and carbon credits</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(136)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(587)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(533)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payments of contractual assets with customers - exclusive
      rights</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(90)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(286)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(364)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment of contingencies</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(31)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(44)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income and social contribution taxes paid</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(84)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(220)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(169)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; font-size: 10pt; white-space: normal;"></td>
<td height="24" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-top: 1px solid #00458c; border-bottom: 1px solid #00458c; border-left: 1px solid #00458c; margin-left: 0.1px; border-right-color: #00458c; vertical-align: middle;"><font style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px;">Net cash provided (consumed) by operating activities</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">780 </font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,505 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-width: 1px 1px 1px  0px; border-style: solid; border-color: #00458c; margin-left: 0.1px;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">2,088 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash flows from investing activities</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: #051273; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: #051273; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial investments, net of redemptions</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">34 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,052)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">186 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Acquisition of property, plant, equipment and intangible
      assets</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(416)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,099)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(763)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash provided by disposal of investments and property, plant
      and equipment</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">279 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,256 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">425 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net cash consumed in the purchase of investments and other
      assets</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(140)</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,243)</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(304)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Capital decrease in subsidiaries, associates and joint
      ventures</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1 </font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1 </font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; font-size: 10pt; white-space: normal;"></td>
<td height="24" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-top: 1px solid #00458c; border-bottom: 1px solid #00458c; border-left: 1px solid #00458c; margin-left: 0.1px; border-right-color: #00458c; vertical-align: middle;"><font style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px;">Net cash provided (consumed) by investing activities</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(242)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,137)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-width: 1px 1px 1px  0px; border-style: solid; border-color: #00458c; margin-left: 0.1px;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">(455)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash flows from financing activities</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: #051273; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: #051273; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Loans, financing and debentures</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Proceeds</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">802 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,659 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,903 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Repayments</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(739)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,126)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,489)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest and derivatives (paid) or received</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(112)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(742)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(782)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payments of leases</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Principal</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(72)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(211)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(152)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest paid</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(34)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(115)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(112)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividends paid</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(320)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(781)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(400)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Proceeds from financial liabilities of customers</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payments of financial liabilities of customers</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(41)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(123)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(140)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Capital increase made by non-controlling shareholders and
      redemption of shares</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Related parties</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-right-color: #8d8b8c !important; border-left-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(12)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(26)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; font-size: 10pt; white-space: normal;"></td>
<td height="24" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-top: 1px solid #00458c; border-bottom: 1px solid #00458c; border-left: 1px solid #00458c; margin-left: 0.1px; border-right-color: #00458c; vertical-align: middle;"><font style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px;">Net cash provided (consumed) by financing activities</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(514)</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(438)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-width: 1px 1px 1px  0px; border-style: solid; border-color: #00458c; margin-left: 0.1px;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">(1,192)</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; font-size: 10pt; white-space: normal;"></td>
<td height="24" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-top: 1px solid #00458c; border-bottom: 1px solid #00458c; border-left: 1px solid #00458c; margin-left: 0.1px; border-right-color: #00458c; vertical-align: middle;"><font style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px;">Effect of exchange rate changes on cash and cash equivalents
      in foreign currency</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-width: 1px 1px 1px  0px; border-style: solid; border-color: #00458c; margin-left: 0.1px;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">(26)</font></td>




























    </tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 5px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 5px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 5px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 5px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; font-size: 10pt; white-space: normal;"></td>
<td height="24" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-top: 1px solid #00458c; border-bottom: 1px solid #00458c; border-left: 1px solid #00458c; margin-left: 0.1px; border-right-color: #00458c; vertical-align: middle;"><font style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px;">Increase (decrease) in cash and cash equivalents</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">25 </font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,070)</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-width: 1px 1px 1px  0px; border-style: solid; border-color: #00458c; margin-left: 0.1px;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">415 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; font-size: 10pt; white-space: normal;"></td>
<td height="24" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-top: 1px solid #00458c; border-bottom: 1px solid #00458c; border-left: 1px solid #00458c; margin-left: 0.1px; border-right-color: #00458c; vertical-align: middle;"><font style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px;">Cash and cash equivalents at the beginning of the period</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,831 </font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,926 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-width: 1px 1px 1px  0px; border-style: solid; border-color: #00458c; margin-left: 0.1px;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">5,622 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: left; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><br></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; font-size: 10pt; white-space: normal;"></td>
<td height="24" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; border-top: 1px solid #00458c; border-bottom: 1px solid #00458c; border-left: 1px solid #00458c; margin-left: 0.1px; border-right-color: #00458c; vertical-align: middle;"><font style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-weight: bold; text-decoration: none; white-space: normal; font-family: 'times new roman', times; font-size: 10pt; margin-left: 0.1px;">Cash and cash equivalents at the end of the period</font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,855 </font></td>
<td style="padding: 0px 2px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,855 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; text-decoration: none; vertical-align: middle; height: 10px; white-space: normal; text-align: right; font-family: 'times new roman', times; font-size: 10pt; border-width: 1px 1px 1px  0px; border-style: solid; border-color: #00458c; margin-left: 0.1px;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; height: 10px; width: 11.6926%; font-size: 10pt; white-space: normal;">6,037 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-cash transactions</font></td>
<td style="padding: 1px 2px 0px 1px; color: #00458c; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-right-color: #8d8b8c !important; border-left-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: #051273; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 1px 2px 0px 1px; color: #051273; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Addition on right-to-use assets and leases payable</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">176 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">274 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">196 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Addition on contractual assets with customers - exclusive
      rights</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">54 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">67 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reclassification between financial assets and investment in
      associates</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">645 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Transfer between trade receivables and other assets accounts</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Issuance of shares related to the subscription warrants -
      indemnification - Extrafarma acquisition</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font>2</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6</font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0 </font></td>




























    </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; font-size: 10pt; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Acquisition of property, plant and equipment and intangible
      assets without cash effect</font></td>
<td style="padding: 1px 2px 0px 1px; color: windowtext; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; background: #d9e5f1; height: 10px; font-size: 10pt; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9 </font></td>
<td style="padding: 1px 2px 0px 1px; color: #262626; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; text-align: right; height: 10px; font-size: 10pt; white-space: normal; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39 </font></td>




























    </tr>































































  </table>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>88</font></font></td>


































     </tr>





































































   </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>


































  </div>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman'; font-size: 10pt;"><br></font></p><div style="font-family: 'times new roman', times; font-size: 10pt;">
<table style="width: 99.9182%; margin-left: 0.1px; height: 27px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: middle;" valign="middle"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 18pt; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3Q24</font></td>
<td style="height: 10px; width: 43.9853%; vertical-align: middle;" valign="middle"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>
































     </tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>
<td style="width: 55.9738%; height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>
































     </tr>

































































   </table>





&nbsp;<br>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 253px; border-collapse: collapse; width: 100%; margin: 0px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;">







<tr style="height: 18px;">
<td colspan="2" height="25" style="height: 18px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 14pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; width: 80.0166%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 18px; width: 10.0332%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 14pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 18px; text-align: right; width: 10.0332%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>R$ million</font></td>






















     </tr>
<tr style="height: 0px;">
<td rowspan="2" height="64" style="height: 10px; padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: normal; text-align: center; background: #00458c; margin: 0px; text-indent: 0px; width: 69.9834%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>IPIRANGA -
       Working capital<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td rowspan="2" style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: normal; text-align: center; background: #8d8b8c; height: 10px; margin: 0px; text-indent: 0px; border-left-width: 1px; border-left-style: solid; width: 10.0332%; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>Sep 24<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td rowspan="2" style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background: #8d8b8c; height: 10px; margin: 0px; text-indent: 0px; width: 10.0332%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>Sep 23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td rowspan="2" style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background: #8d8b8c; height: 10px; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; width: 10.0332%; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Jun 24</font></td>






















     </tr>
<tr style="height: 10px;"></tr>
<tr style="height: 10px;">
<td height="12" style="height: 10px; padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px; width: 69.9834%;"></td>
<td style="padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; width: 10.0332%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 10px; margin: 0px; text-indent: 0px; width: 10.0332%;"></td>
<td style="padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 10px; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; width: 10.0332%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>






















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px; width: 69.9834%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating assets</font></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; border-left-width: 1px; border-left-style: solid; width: 10.0332%; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; width: 10.0332%;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; width: 10.0332%; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>






















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; margin: 0px; text-indent: 0px; width: 69.9834%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Trade receivables</font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px;">3,442 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;">3,875 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;">3,866 </font></td>






















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; margin: 0px; text-indent: 0px; width: 69.9834%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Non-current trade receivables</font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">691 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">544 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">674 </font></td>






















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; margin: 0px; text-indent: 0px; width: 69.9834%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Inventories</font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">4,525 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">3,724 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">3,784 </font></td>






















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; margin: 0px; text-indent: 0px; width: 69.9834%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Taxes</font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">3,703 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">3,746 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">3,806 </font></td>






















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; margin: 0px; text-indent: 0px; width: 69.9834%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Contractual assets with customers -
       exclusive rights</font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">2,142 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">2,188 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">2,208 </font></td>






















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; margin: 0px; text-indent: 0px; width: 69.9834%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Other</font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">957 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">798 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">889 </font></td>






















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; margin: 0px; text-indent: 0px; width: 69.9834%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Right-of-use assets</font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">923 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">958 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">845 </font></td>






















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; margin: 0px; text-indent: 0px; width: 69.9834%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Property, plant and equipment /
       Intangibles / Investments</font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">4,633 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">4,576 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">4,414 </font></td>






















     </tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px; width: 69.9834%;"></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 5px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 5px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 5px; margin: 0px; text-indent: 0px; text-align: right; width: 10.0332%;"></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 5px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 5px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>






















     </tr>
<tr style="height: 10px;">
<td height="20" style="height: 10px; padding: 0px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; border-left: 1px solid #00458c; border-right-color: #00458c; text-align: left; vertical-align: middle; width: 69.9834%;"><font style="height: 10px; padding: 0px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: times new roman; white-space: nowrap; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-right-color: #00458c;">Total operating assets</font></td>
<td style="padding: 0px 5px 0px 0px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; border-left-color: #8c8b8d !important; width: 10.0332%;"><font style="padding: 0px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px;">21,017 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; text-align: right; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; width: 10.0332%;"><font style="padding: 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;">20,408 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; border-right: 1px solid #00458c; border-left-color: #00458c; text-align: right; vertical-align: middle; width: 10.0332%;"><font style="padding: 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;">20,486 </font></td>






















     </tr>
<tr style="height: 10px;">
<td height="16" style="height: 10px; padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; width: 69.9834%;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; width: 10.0332%;"><font style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; white-space: nowrap; background: #d9e5f1; height: 12px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; width: 10.0332%;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; width: 10.0332%;"><font style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; white-space: nowrap; height: 12px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>






















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px; width: 69.9834%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating liabilities</font></td>
<td style="padding: 0px 5px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; width: 10.0332%;"><font style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>
<td style="padding: 0px 5px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; width: 10.0332%;"></td>
<td style="padding: 0px 5px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; width: 10.0332%;"><font style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>






















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; margin: 0px; text-indent: 0px; width: 69.9834%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Trade payables</font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">3,977 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">4,739 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">4,314 </font></td>






















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; margin: 0px; text-indent: 0px; width: 69.9834%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Salaries and related charges</font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">242 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">216 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">205 </font></td>






















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; margin: 0px; text-indent: 0px; width: 69.9834%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Post-employment benefits</font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">272 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">215 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">267 </font></td>






















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; margin: 0px; text-indent: 0px; width: 69.9834%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Taxes</font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">111 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">149 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">103 </font></td>






















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; margin: 0px; text-indent: 0px; width: 69.9834%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Judicial provisions</font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">414 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">394 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">437 </font></td>






















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; margin: 0px; text-indent: 0px; width: 69.9834%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Leases payable</font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">734 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">747 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">679 </font></td>






















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; margin: 0px; text-indent: 0px; width: 69.9834%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Other</font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">1,139 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">1,405 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">970 </font></td>






















     </tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px; width: 69.9834%;"></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 5px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; width: 10.0332%;"></td>
<td style="padding: 0px 5px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; width: 10.0332%;"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 5px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>






















     </tr>
<tr style="height: 10px;">
<td height="20" style="height: 10px; padding: 0px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; border-left: 1px solid #00458c; border-right-color: #00458c; text-align: left; vertical-align: middle; width: 69.9834%;"><font style="height: 15px; padding: 0px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-right-color: #00458c;">Total operating liabilities</font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8c8b8d !important; width: 10.0332%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,888 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; text-align: right; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; border-left-color: #00458c; width: 10.0332%;"><font style="padding: 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px;">7,865 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; border-right: 1px solid #00458c; border-left-color: #00458c; text-align: right; vertical-align: middle; width: 10.0332%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,975 </font></td>






















     </tr>













































   </table>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman'; font-size: 10pt;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>89</font></font></td>









      </tr>



















    </table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>









   </div>
<table style="width: 99.9182%; margin: 0px; height: 27px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: middle;" valign="middle"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 18pt; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3Q24</font></td>
<td style="height: 10px; width: 43.9853%; vertical-align: middle;" valign="middle"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>
































     </tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>
<td style="width: 55.9738%; height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>
































     </tr>

































































   </table>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 255px; border-collapse: collapse; width: 100%; margin: 0px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;">







<tr style="height: 10px;">
<td colspan="4" height="25" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051373; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051373; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 14pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right;">
<p><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ million<font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></font></p>








      </td>


















     </tr>
<tr style="height: 10px;">
<td rowspan="2" height="68" style="height: 20px; padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: normal; text-align: center; background: #00458c; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>IPIRANGA -
       Income statement<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td colspan="3" style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #00458c; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-left: 1px solid #8d8d8d; border-right: 1px solid #8d8d8d; border-top-color: #8d8d8d; border-bottom-color: #8d8d8d; text-align: center; vertical-align: bottom;"><font style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 10px; width: 336.031px; margin: 0px 0px 0px 0.1px; text-indent: 0px;">Quarter</font></td>
<td colspan="2" style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #00458c; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-right: 1px solid #8d8d8d; border-top-color: #8d8d8d; border-bottom-color: #8d8d8d; border-left-color: #8d8d8d; text-align: center; vertical-align: bottom;"><font style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 10px; width: 336.031px; margin: 0px 0px 0px 0.1px; text-indent: 0px;">YTD</font></td>


















     </tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; padding: 0px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: normal; text-align: center; background: #8d8b8c; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>3Q24<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background: #8d8b8c; height: 10px; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>3Q23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background: #8d8b8c; height: 10px; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">2Q24</font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: normal; text-align: center; background: #8d8b8c; height: 10px; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>9M24<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: normal; text-align: center; background: #8d8b8c; height: 10px; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>9M23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>


















     </tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"></td>
<td style="padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 10px; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 10px; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></td>


















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: rgb(0, 69, 140); font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1px solid rgb(0, 69, 140); border-top: 1px solid rgb(0, 69, 140); border-left: 1px solid rgb(0, 69, 140); border-right-color: rgb(0, 69, 140); text-align: left; vertical-align: middle; width: 50%;"><font style="height: 10px; padding: 0px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-right-color: #00458c;">Net revenues</font></td>
<td style="padding: 0px 4px 0px 0px; color: rgb(0, 69, 140); font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: rgb(217, 229, 241); font-size: 10pt; height: 10px; white-space: normal; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; vertical-align: bottom; border-top-color: rgb(0, 69, 140) !important; border-bottom-color: rgb(0, 69, 140) !important; border-left-color: rgb(140, 139, 141) !important; width: 10%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">32,115 </font></td>
<td style="padding: 0px 4px 0px 0px; color: rgb(0, 69, 140); font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-bottom: 1px solid rgb(0, 69, 140); border-top: 1px solid rgb(0, 69, 140); vertical-align: bottom; width: 10%;" valign="bottom"><font style="padding: 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;">29,577 </font></td>
<td style="padding: 0px 4px 0px 0px; color: rgb(0, 69, 140); font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-bottom: 1px solid rgb(0, 69, 140); border-top: 1px solid rgb(0, 69, 140); vertical-align: bottom; border-right-color: rgb(141, 139, 140) !important; width: 10%;" valign="bottom"><font style="padding: 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;">29,431 </font></td>
<td style="padding: 0px 4px 0px 0px; color: rgb(0, 69, 140); font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: rgb(217, 229, 241); font-size: 10pt; height: 10px; white-space: normal; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; vertical-align: bottom; border-top-color: rgb(0, 69, 140) !important; border-bottom-color: rgb(0, 69, 140) !important; border-left-color: rgb(140, 139, 141) !important; width: 10%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">89,239 </font></td>
<td style="padding: 0px 4px 0px 0px; color: rgb(0, 69, 140); font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1px solid rgb(0, 69, 140); border-top: 1px solid rgb(0, 69, 140); border-right: 1px solid rgb(0, 69, 140); border-left-color: rgb(0, 69, 140); text-align: right; vertical-align: bottom; width: 10%;" valign="bottom"><font style="padding: 0px 4px 0px 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px;">83,900 </font></td>


















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Cost of products sold and
       services provided</font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(30,610)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">(27,487)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">(28,019)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(84,942)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">(79,794)</font></td>


















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; border-left: 1px solid #00458c; border-right-color: #00458c; text-align: left; vertical-align: middle;"><font style="height: 21px; padding: 0px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-right-color: #00458c;">Gross profit</font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,505 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; text-align: right; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">2,089 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">1,412 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,298 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; border-right: 1px solid #00458c; border-left-color: #00458c; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px 4px 0px 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px;">4,105 </font></td>


















     </tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 5px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 5px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 5px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 5px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 5px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 5px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 5px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 5px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 5px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>


















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Operating expenses</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>


















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Selling and marketing</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">(508)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">(417)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">(505)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;"><font style="padding: 0px; color: #262626; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">&nbsp;&nbsp; </font>(1,448)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;"><font style="padding: 0px; color: #262626; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">&nbsp;&nbsp; </font>(1,141)</font></td>


















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">General and administrative</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">(244)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">(365)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">(325)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">(842)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">(953)</font></td>


















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Results from disposal of
       assets</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">31 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">68 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">36 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;"><font style="padding: 0px; color: #262626; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">&nbsp; </font>104 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;"><font style="padding: 0px; color: #262626; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">&nbsp; </font>156 </font></td>


















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Other operating income
       (expenses), net</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">(124)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">(179)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">(109)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">(398)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">(526)</font></td>


















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; border-left: 1px solid #00458c; border-right-color: #00458c; text-align: left; vertical-align: middle;"><font style="height: 21px; padding: 0px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-right-color: #00458c;">Operating income</font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">661 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">1,197 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">509 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,714 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; border-right: 1px solid #000000; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">1,641 </font></td>


















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp; </font>Share of profit (loss) of subsidiaries,
       joint ventures and associates</font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;">(0)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;">(1)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;">(4)</font></td>


















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; border-left: 1px solid #00458c; border-right-color: #00458c; text-align: left; vertical-align: middle;"><font style="height: 21px; padding: 0px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-right-color: #00458c;">Adjusted EBITDA</font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">967 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">1,493 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;"><font style="padding: 0px; color: #00458c; font-weight: 400; text-decoration: none; vertical-align: middle; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">&nbsp; </font>817 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,604 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; border-right: 1px solid #00458c; border-left-color: #00458c; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px 4px 0px 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px;">2,541 </font></td>


















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px 0px 0px 6px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Non-recurring&#185;</font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(31)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;"><font style="padding: 0px; color: #262626; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">&nbsp;&nbsp; </font>(68)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;"><font style="padding: 0px; color: #262626; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">&nbsp;&nbsp; </font>(36)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">(104)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">(155)</font></td>


















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; border-left: 1px solid #00458c; border-right-color: #00458c; text-align: left; vertical-align: middle;"><font style="height: 21px; padding: 0px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-right-color: #00458c;">Recurring Adjusted EBITDA</font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">936 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">1,425 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">781 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; text-align: right; background: #d9e5f1; font-size: 10pt; height: 10px; white-space: normal; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,499 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1px solid #00458c; border-top: 1px solid #00458c; border-right: 1px solid #00458c; border-left-color: #00458c; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px 4px 0px 0px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px;">2,386 </font></td>


















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp; </font>Depreciation and amortization&#178;</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">309 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">296 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">309 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">896 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">904 </font></td>


















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">RATIOS</font></td>
<td style="padding: 0px 4px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>
<td style="padding: 0px 4px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"></td>
<td style="padding: 0px 4px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>
<td style="padding: 0px 4px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>
<td style="padding: 0px 4px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>


















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: white; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Gross margin (R$/m&#179;)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">246 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">353 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">241 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">245 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">241 </font></td>


















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: white; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Operating margin (R$/m&#179;)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">108 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">202 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">87 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">98 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">96 </font></td>


















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Adjusted EBITDA margin (R$/m&#179;)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">158 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">252 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">140 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">148 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">149 </font></td>


















     </tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Recurring Adjusted EBITDA margin (R$/m&#179;)</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">153 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">241 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">133 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">142 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">140 </font></td>


















     </tr>
<tr style="height: 10px;">
<td height="25" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Number of service stations</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 18px; margin: 0px; text-indent: 0px;">5,871 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 18px; margin: 0px; text-indent: 0px;">5,816 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 18px; margin: 0px; text-indent: 0px;">5,876 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px; text-indent: 0px; text-align: right; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 18px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>


















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<td height="28" style="height: 10px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Number of employees&#179;</font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; text-align: right; border-left-width: 1px; border-left-style: solid; border-bottom: 1px solid #8d8d8d; border-top-color: #8d8d8d; border-right-color: #8d8d8d; border-left-color: #8c8b8d !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">4,834 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; text-align: right; border-bottom: 1px solid #8d8d8d; border-top-color: #8d8d8d; border-right-color: #8d8d8d; border-left-color: #8d8d8d; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">5,118 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; text-align: right; border-right-width: 1px; border-right-style: solid; border-bottom: 1px solid #8d8d8d; border-top-color: #8d8d8d; border-left-color: #8d8d8d; border-right-color: #8d8b8c !important; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; height: 21px; margin: 0px; text-indent: 0px;">5,192 </font></td>
<td style="padding: 0px 4px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; white-space: nowrap; background: #d9e5f1; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; text-align: right; border-bottom: 1px solid #8d8d8d; border-top-color: #8d8d8d; border-right-color: #8d8d8d; border-left-color: #8d8d8d; vertical-align: bottom;" valign="bottom"><font style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; white-space: nowrap; background: #d9e5f1; height: 21px; margin: 0px; text-indent: 0px;">&nbsp;</font></td>
<td style="font-size: 9pt; font-family: 'times new roman', times; border-bottom: 1px solid #8d8d8d; border-top-color: #8d8d8d; border-left-color: #8d8d8d; margin-left: 0.1px; border-right: 1px solid #8d8d8d; height: 10px; vertical-align: bottom;" valign="bottom"><br></td>


















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<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;">&nbsp;</p>
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<td style="height: 10px; font-size: 10pt; width: 99%; vertical-align: top;" valign="top"><font style="font-size: 7pt;"><sup>1</sup>&nbsp;Non-recurring items described in the EBITDA calculation table &#8211; page 2</font></td>

























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<td style="font-size: 10pt; width: 99%; height: 10px; vertical-align: top;" valign="top"><font style="font-size: 7pt;"><sup>2</sup>&nbsp;Includes amortization with contractual assets with customers - exclusive rights</font></td>

























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<td style="font-size: 10pt; width: 99%; height: 10px; vertical-align: top;" valign="top"><font style="font-size: 7pt;"><sup>3</sup>&nbsp;<font style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Number of employees for 2023 was revised to reflect new criteria (includes only active employees and employees on leave for up to 12 months)</font></font></td>

























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<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;">&nbsp;</p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>90</font></font></td>

























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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>

























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<td style="width: 55.9738%; height: 10px; vertical-align: middle;" valign="middle"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 18pt; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3Q24</font></td>
<td style="height: 10px; width: 43.9853%; vertical-align: middle;" valign="middle"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>




































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<td style="width: 55.9738%; height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>
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<p style="text-align: right; margin: 0px; text-indent: 0px;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"><br></font></p>
<p style="text-align: right; margin: 0px; text-indent: 0px;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">R$ million</font></p>
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<td rowspan="2" height="64" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: normal; background: #00458c; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important;"><font style="border-bottom: 1pt solid #00458c; height: 61.3333px; width: 486pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; border-top: 1pt solid #00458c; border-right: none; border-left: 1pt solid #00458c; border-image: initial; white-space: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">ULTRAGAZ -
Working capital</font></td>
<td rowspan="2" style="width: 8.53355%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: normal; background: #8d8b8c; height: 10px; text-align: center;"><font style="width: 8.53355%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; font-family: 'times new roman', times; vertical-align: middle; border-right: none; border-image: initial; white-space: normal; background: #8d8b8c; height: 35.2344px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #8d8b8c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important;"><font style="width: 8.53355%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; vertical-align: middle; border-right: none; border-image: initial; white-space: normal; background: #8d8b8c; height: 35.2344px; text-align: center;">Sep 24</font></font></td>
<td rowspan="2" style="width: 8.53355%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: normal; background: #8d8b8c; height: 10px; text-align: center;"><font style="width: 8.53355%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; font-family: 'times new roman', times; vertical-align: middle; border-right: none; border-image: initial; white-space: normal; background: #8d8b8c; height: 35.2344px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #8d8b8c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important;"><font style="width: 8.53355%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; vertical-align: middle; border-right: none; border-image: initial; white-space: normal; background: #8d8b8c; height: 35.2344px; text-align: center;">Sep 23</font></font></td>
<td rowspan="2" style="width: 8.53355%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none; border-image: initial; white-space: nowrap; background: #8d8b8c; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #8d8b8c !important;"><font style="width: 8.53355%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; border-left: none; border-image: initial; white-space: nowrap; background: #8d8b8c; height: 35.2344px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #8d8b8c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important;"><font style="width: 8.53355%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; text-decoration: none; vertical-align: middle; border-left: none; border-image: initial; white-space: nowrap; background: #8d8b8c; height: 35.2344px; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #8d8b8c !important;">Jun 24</font></font></td>



















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<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; width: 70%;"><font style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap;">Operating assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; width: 10%; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: arial, helvetica, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; width: 10%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; width: 10%; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: arial, helvetica, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px;">&nbsp;</font></td>



















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"><font style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap;">Trade receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; /* background: #d9e5f1; */height: 10px;">646 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 10px; width: 8.4507%;">570 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 10px; width: 8.53355%;">611 </font></td>



















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap;">Non-current trade receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; /* background: #d9e5f1; */height: 21px;">19 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 10px; width: 8.4507%;">2 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 10px; width: 8.53355%;">17 </font></td>



















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap;">Inventories</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px;">204 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.4507%;">178 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.53355%;">194 </font></td>



















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px;">149 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.4507%;">151 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.53355%;">137 </font></td>



















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap;">Escrow deposits</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px;">256 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.4507%;">252 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.53355%;">258 </font></td>



















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap;">Energy trading futures contracts</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px;">345 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.4507%;">-</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.53355%;">-</font></td>



















</tr>
<tr style="height: 21px;">
<td height="28" style="height: 21px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap;">Other</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px;">95 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.4507%;">124 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.53355%;">103 </font></td>



















</tr>
<tr style="height: 21px;">
<td height="28" style="height: 21px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap;">Right-of-use assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px;">152 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.4507%;">146 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.53355%;">149 </font></td>



















</tr>
<tr style="height: 21px;">
<td height="28" style="height: 21px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap;">Property, plant and equipment / Intangibles</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px;"><font style="font-size: 10pt;">1,842</font><br></font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.4507%;">1,669 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.53355%;">1,753 </font></td>



















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total operating assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; background: #d9e5f0; height: 10px; text-align: right; color: #00458c; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left: 1px solid #00458c; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; white-space: nowrap; height: 15px;">3,707 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,091 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,222 </font></td>



















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap;">Operating liabilities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 10px; width: 8.53355%;">&nbsp;</font></td>



















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap;">Trade payables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px;">257 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.4507%;">214 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.53355%;">238 </font></td>



















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap;">Salaries and related charges</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px;">140 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.4507%;">144 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.53355%;">122 </font></td>



















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px;">18 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.4507%;">8 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.53355%;">9 </font></td>



















</tr>
<tr style="height: 21px;">
<td height="28" style="height: 21px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap;">Judicial provisions</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px;">159 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.4507%;">142 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.53355%;">161 </font></td>



















</tr>
<tr style="height: 21px;">
<td height="28" style="height: 21px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap;">Leases payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px;">189 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.4507%;">184 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.53355%;">187 </font></td>



















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap;">Energy trading futures contracts</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px;">149 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 10px; width: 8.4507%;">-</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 10px; width: 8.53355%;">-</font></td>



















</tr>
<tr style="height: 21px;">
<td height="28" style="height: 21px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px;"><font style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap;">Other</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px;">74 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.4507%;">60 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.53355%;">75 </font></td>



















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total operating liabilities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; background: #d9e5f0; height: 10px; text-align: right; color: #00458c; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left: 1px solid #00458c; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; white-space: nowrap; height: 15px;">986</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">752 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">791 </font></td>



















</tr>










































</table>


























<br></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>91</font></font></td>













</tr>



























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>













</div>













</div>
<table style="width: 99.9182%; margin-left: 0.1px; height: 27px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: middle;" valign="middle"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 18pt; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3Q24</font></td>
<td style="height: 10px; width: 43.9853%; vertical-align: middle;" valign="middle"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>




































</tr>
<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>
<td style="vertical-align: top; width: 43.9853%; height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>




































</tr>









































































</table>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"><br></font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">R$ million</font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;">
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 355px; font-family: 'times new roman'; font-size: 10pt;">






<tr style="height: 14px;">
<td rowspan="2" height="68" style="height: 24px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: normal; text-align: center; background: #00458c; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">ULTRAGAZ -
Income statement</font></td>
<td colspan="3" style="border-image: initial; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background: #00458c; height: 14px; border-width: 1px; border-color: #8d8b8c !important; border-style: solid;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>Quarter<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td colspan="2" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; border-bottom: none; border-image: initial; white-space: nowrap; text-align: center; background: #00458c; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: #8d8b8c !important; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">YTD</font></td>


















</tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; border-top: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: normal; text-align: center; background: #8d8b8c; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3Q24<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="border-top: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #8d8b8c; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3Q23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="border-top: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #8d8b8c; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2Q24</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-top: none; border-right: none; border-image: initial; white-space: normal; text-align: center; background: #8d8b8c; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9M24<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-top: none; border-left: none; border-image: initial; white-space: normal; text-align: center; background: #8d8b8c; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9M23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>


















</tr>
<tr style="height: 10px;">
<td height="19" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; border-top: none; border-right: none; border-bottom: none; border-image: initial; white-space: nowrap; text-align: right; background: #d9e5f1; height: 10px; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; height: 10px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="border: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; height: 10px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>


















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important; width: 50%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenues</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8c8b8d !important; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,027 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-left: none; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,699 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,694 </font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,221 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,116 </font></td>


















</tr>
<tr style="height: 21px;">
<td height="28" style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cost of products sold and
services provided</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,422)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,104)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,168)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,575)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,464)</font></td>


















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross profit</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">605 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-left: none; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">594 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">526 </font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-top-color: #00458c !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,646 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,652 </font></td>


















</tr>
<tr style="height: 12px;">
<td height="28" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 12px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>


















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Selling and marketing</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(162)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(158)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(138)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(431)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(462)</font></td>


















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">General and administrative</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(79)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(81)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(90)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(249)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(229)</font></td>


















</tr>
<tr style="height: 21px;">
<td height="28" style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Results from disposal of
assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10 </font></td>


















</tr>
<tr style="height: 21px;">
<td height="28" style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other operating income
(expenses), net</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">37 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14 </font></td>


















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-image: initial; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-image: initial; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">377 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">364 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">320 </font></td>
<td style="border-left: none #00458c; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-image: initial; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,005 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">985 </font></td>


















</tr>
<tr style="height: 21px;">
<td height="28" style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit (loss) of subsidiaries,
joint ventures and associates</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0 </font></td>


















</tr>
<tr style="height: 21px;">
<td height="28" style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-image: initial; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjusted EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-image: initial; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">448 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 21px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">453 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 21px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">414 </font></td>
<td style="border-left: none #00458c; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-image: initial; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,263 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,242 </font></td>


















</tr>
<tr style="height: 21px;">
<td height="28" style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-recurring&#185;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(17)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(17)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></td>


















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-image: initial; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Recurring Adjusted EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-image: initial; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">448 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">453 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">397 </font></td>
<td style="border-left: none #00458c; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-image: initial; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,246 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,242 </font></td>


















</tr>
<tr style="height: 21px;">
<td height="28" style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Depreciation and amortization&#178;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">71 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">89 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">94 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">258 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">257 </font></td>


















</tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>


















</tr>
<tr style="height: 21px;">
<td height="28" style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">RATIOS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>


















</tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>


















</tr>
<tr style="height: 21px;">
<td height="28" style="height: 21px; padding: 1px 1px 0px 5px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross margin (R$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,280 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,302 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,206 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,255 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,256 </font></td>


















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 1px 1px 0px 5px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating margin (R$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">798 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">798 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">732 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">766 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">749 </font></td>


















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 1px 1px 0px 5px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjusted EBITDA margin (R$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">948 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">992 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">948 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">963 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">945 </font></td>


















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 1px 1px 0px 5px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Recurring Adjusted EBITDA margin (R$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">948 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">992 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">909 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">950 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">945 </font></td>


















</tr>
<tr style="height: 10px;">
<td height="27" style="height: 10px; padding: 1px 1px 0px 5px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of employees&#179;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; margin-left: 0.1px; border-bottom-width: 1pt; border-bottom-style: solid; border-color: #8d8d8d #8d8d8d #8c8b8d #8c8b8d !important; border-bottom: 1px solid #8d8d8d; border-left: 1px solid #8d8d8d;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,745 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-bottom: 1px solid #8d8d8d; border-top-color: #8d8d8d; border-right-color: #8d8d8d; border-left-color: #8d8d8d; margin-left: 0.1px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,590 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-bottom: 1px solid #8d8d8d; border-right-width: 1px; border-right-style: solid; border-top-color: #8d8d8d; border-left-color: #8d8d8d; margin-left: 0.1px; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,602 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; background: #d9e5f1; height: 10px; border-bottom: 1px solid #8d8d8d; border-top-color: #8d8d8d; border-right-color: #8d8d8d; border-left-color: #8d8d8d; margin-left: 0.1px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 10px; border-bottom: 1px solid #8d8d8d; border-right-width: 1px; border-right-style: solid; border-top-color: #8d8d8d; border-left-color: #8d8d8d; margin-left: 0.1px; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>


















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<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><br></font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;"><font style="font-size: 7pt;">&#185;Non</font><font style="color: #262626; font-family: 'times new roman', times; font-size: 9.33333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-recurring items described in the EBITDA calculation table &#8211; page 2</font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9.33333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#178; Includes amortization with contractual assets with customers - exclusive rights</font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9.33333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#179; Number of employees for 2023 was revised to reflect new criteria (includes only active employees and employees on leave for up to 12 months)</font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9.33333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><br></font></div>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>92</font></font></td>















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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>















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<td style="width: 55.9738%; height: 10px; vertical-align: middle;" valign="middle"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 18pt; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3Q24</font></td>
<td style="height: 10px; width: 43.9853%; vertical-align: middle;" valign="middle"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>




































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<td style="width: 55.9738%; height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>
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<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9.33333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"><br></font></font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; text-align: right;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9.33333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">R$ million</font></font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;">
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<td rowspan="2" height="54" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: normal; text-align: center; background: #00458c; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>ULTRACARGO
- Working capital<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td rowspan="2" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: normal; text-align: center; background: #8d8b8c; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #8d8b8c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>Sep 24<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td rowspan="2" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #8d8b8c; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #8d8b8c !important; border-bottom-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>Sep 23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td rowspan="2" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #8d8b8c; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #8d8b8c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Jun 24</font></td>














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<tr style="height: 17px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; width: 70%; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; width: 10%; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; width: 10%; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; width: 10%; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important; height: 17px;"><br></td>














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<tr style="height: 21px;">
<td height="28" style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; width: 70%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 21px; width: 10%; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; width: 10%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 21px; width: 10%; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>














</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px; width: 8.285%;">45 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.20215%;">25 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.285%;">44 </font></td>














</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Inventories</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px; width: 8.285%;">13 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.20215%;">11 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.285%;">12 </font></td>














</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px; width: 8.285%;">4 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.20215%;">7 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.285%;">6 </font></td>














</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px; width: 8.285%;">47 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.20215%;">90 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.285%;">59 </font></td>














</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Right-of-use assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px; width: 8.285%;">609 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.20215%;">632 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.285%;">611 </font></td>














</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Property, plant and equipment / Intangibles
/ Investments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px; width: 8.285%;">2,470 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.20215%;">2,140 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.285%;">2,337 </font></td>














</tr>
<tr style="height: 10px;">
<td height="20" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-image: initial; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total operating assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-image: initial; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; border-image: initial; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 8.285%;">3,187 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; border-left: none; border-image: initial; white-space: nowrap; height: 10px; width: 8.20215%;">2,905 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; border-left: none; border-image: initial; white-space: nowrap; height: 10px; width: 8.285%;">3,069 </font></td>














</tr>
<tr style="height: 10px;">
<td height="13" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 8.285%;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 10px; width: 8.285%;">&nbsp;</font></td>














</tr>
<tr style="height: 13px;">
<td height="28" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating liabilities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 13px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px; width: 8.285%;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.285%;">&nbsp;</font></td>














</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade payables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px; width: 8.285%;">76 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.20215%;">53 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.285%;">87 </font></td>














</tr>
<tr style="height: 12px;">
<td height="28" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Salaries and related charges</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 12px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px; width: 8.285%;">45 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.20215%;">53 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.285%;">37 </font></td>














</tr>
<tr style="height: 11px;">
<td height="28" style="height: 11px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 11px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px; width: 8.285%;">16 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 11px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.20215%;">14 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 11px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.285%;">18 </font></td>














</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Judicial provisions</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px; width: 8.285%;">16 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.20215%;">10 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.285%;">18 </font></td>














</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px; width: 8.285%;">557 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.20215%;">593 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.285%;">552 </font></td>














</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other<font style="font-size: 8pt;">&#185;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 21px; width: 8.285%;">38 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.20215%;">168 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 21px; width: 8.285%;">50 </font></td>














</tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-left-width: 1px; border-left-style: solid; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 8.285%;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'times new roman', times; vertical-align: bottom; white-space: nowrap; height: 10px; width: 8.285%;">&nbsp;</font></td>














</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-image: initial; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total operating liabilities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-image: initial; white-space: nowrap; background: #d9e5f1; height: 15px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8c8b8d !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; border-right: none; border-image: initial; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 8.285%;">749</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 15px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important;"><font style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'times new roman', times; vertical-align: middle; border-left: none; border-image: initial; white-space: nowrap; height: 15px; width: 8.20215%;">893 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 15px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">761 </font></td>














</tr>
<tr style="height: 10px;">
<td colspan="4" height="35" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 12pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: top; border: none; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#185; Includes the long term obligations with clients account</font></td>














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<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;"><br></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; text-align: right;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; color: #000000;" class="pageno"><font class='pageno'>93</font></font></td>













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<div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr></div>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>













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<font style="color: #00458c; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"><br></font></div>
<table style="width: 99.9182%; margin-left: 0.1px; height: 27px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 55.9738%; height: 10px; vertical-align: middle;" valign="middle"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 18pt; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3Q24</font></td>
<td style="height: 10px; width: 43.9853%; vertical-align: middle;" valign="middle"><img src="img15f1a0c2194a46e28ee6.jpg" style="float: right;" alt="Graphics"></td>




































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<tr style="height: 17px;">
<td style="width: 55.9738%; height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>
<td style="vertical-align: top; width: 43.9853%; height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>




































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</table>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"><br></font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">R$ million</font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;">
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 335px; border-collapse: collapse; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">






<tr style="height: 16px;">
<td rowspan="2" height="68" style="height: 26px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: normal; text-align: center; background: #00458c; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>ULTRACARGO
- Income statement<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td colspan="3" style="border-image: initial; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background: #00458c; height: 16px; border-width: 1px; border-style: solid; border-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>Quarter<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td colspan="2" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; border-bottom: none; border-image: initial; white-space: nowrap; text-align: center; background: #00458c; height: 16px; border-top-width: 1px; border-top-style: solid; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #8d8b8c !important; border-right-color: #8d8b8c !important; border-left-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">YTD</font></td>


















</tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; border-top: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: normal; text-align: center; background: #8d8b8c; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>3Q24<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="border-top: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #8d8b8c; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>3Q23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="border-top: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #8d8b8c; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2Q24</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-top: none; border-right: none; border-image: initial; white-space: normal; text-align: center; background: #8d8b8c; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>9M24<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-top: none; border-left: none; border-image: initial; white-space: normal; text-align: center; background: #8d8b8c; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>9M23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>


















</tr>
<tr style="height: 10px;">
<td height="17" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; border-top: none; border-right: none; border-bottom: none; border-image: initial; white-space: nowrap; text-align: right; background: #d9e5f1; height: 10px; border-left-width: 1px; border-left-style: solid; border-left-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; height: 10px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="border: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; height: 10px; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>


















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-width: 1px; border-style: solid; border-image: initial; white-space: nowrap; text-align: left; margin-left: 0.1px; width: 50%; border-color: #00458c #8d8b8c !important #00458c #00458c;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenues</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-image: initial; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">266 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">264 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">264 </font></td>
<td style="border-left: none #00458c; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-image: initial; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">793 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">758 </font></td>


















</tr>
<tr style="height: 14px;">
<td height="28" style="height: 14px; padding: 1px 1px 0px 5px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cost of products sold and services provided</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(97)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(84)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 14px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(96)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(285)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 14px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(263)</font></td>


















</tr>
<tr style="height: 14px;">
<td height="28" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-width: 1px; border-style: solid; border-image: initial; white-space: nowrap; text-align: left; margin-left: 0.1px; border-color: #00458c #8d8b8c !important #00458c #00458c;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross profit</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-image: initial; white-space: nowrap; background: #d9e5f1; height: 14px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">169 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-left: none; border-image: initial; white-space: nowrap; height: 14px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">180 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none; border-image: initial; white-space: nowrap; height: 14px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">168 </font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: nowrap; background: #d9e5f1; height: 14px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">508 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none; border-image: initial; white-space: nowrap; height: 14px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">495 </font></td>


















</tr>
<tr style="height: 11px;">
<td height="28" style="height: 11px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 11px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 11px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 11px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 11px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 11px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>


















</tr>
<tr style="height: 11px;">
<td height="28" style="height: 11px; padding: 1px 1px 0px 5px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Selling and marketing</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 11px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 11px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 11px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 11px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 11px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(9)</font></td>


















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 1px 1px 0px 5px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">General and administrative</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(43)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(42)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(42)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(127)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(123)</font></td>


















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Results from disposal of
assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0 </font></td>


















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other operating income
(expenses), net</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3 </font></td>


















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-width: 1px; border-style: solid; border-image: initial; white-space: nowrap; text-align: left; margin-left: 0.1px; border-color: #00458c #8d8b8c !important #00458c #00458c;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-image: initial; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">130 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none #00458c; border-left: none #00458c; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">136 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">127 </font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">384 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">365 </font></td>


















</tr>
<tr style="height: 21px;">
<td height="28" style="height: 21px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total share of profit (loss)
of subsidiaries, joint ventures and associates</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; height: 21px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>


















</tr>
<tr style="height: 21px;">
<td height="28" style="height: 21px; padding: 1px 1px 0px 5px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background: white; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit (loss) of
subsidiaries, joint ventures and associates</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10 </font></td>


















</tr>
<tr style="height: 21px;">
<td height="28" style="height: 21px; padding: 1px 1px 0px 5px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amortization of fair value
adjustments on associates acquisition</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; background: #d9e5f1; height: 21px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; white-space: nowrap; height: 21px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></td>


















</tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>


















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-width: 1px; border-style: solid; border-image: initial; white-space: nowrap; text-align: left; margin-left: 0.1px; border-color: #00458c #8d8b8c !important #00458c #00458c;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjusted EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-image: initial; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin-left: 0.1px; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-left-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">168 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-left: none; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">173 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">165 </font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">498 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #00458c; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border-left: none; border-image: initial; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #00458c !important; border-bottom-color: #00458c !important; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">476 </font></td>


















</tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><br></td>


















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 1px 1px 0px 5px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Depreciation and amortization<font style="font-size: 8pt;">&#185;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">34 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">114 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">101 </font></td>


















</tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><br></td>


















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">RATIOS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>


















</tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>


















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 1px 1px 0px 5px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: white; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross margin (%)</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">63.5%</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">68.2%</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">63.7%</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">64.1%</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">65.3%</font></td>


















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 1px 1px 0px 5px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating margin (%)</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">48.8%</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">51.6%</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">48.2%</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">48.4%</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">48.2%</font></td>


















</tr>
<tr style="height: 10px;">
<td height="28" style="height: 10px; padding: 1px 1px 0px 5px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjusted EBITDA margin (%)</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">63.2%</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">65.3%</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">62.6%</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">62.8%</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: italic; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">62.8%</font></td>


















</tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; padding: 1px 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of employees&#178;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-bottom: 1px solid #8d8d8d;"><font style="font-family: 'times new roman', times; font-size: 10pt;">842 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-bottom: 1px solid #8d8d8d;"><font style="font-family: 'times new roman', times; font-size: 10pt;">849 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-bottom: 1px solid #8d8d8d; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">836 </font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; background: #d9e5f1; height: 10px; text-align: right; border-bottom: 1px solid #8d8d8d;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-right-width: 1px; border-right-style: solid; border-bottom: 1px solid #8d8d8d; border-right-color: #8d8b8c !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>


















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<td colspan="6" height="21" style="height: 16px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 12pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Aptos, sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#185; Includes amortization of fair value adjustments on associates
acquisition</font></td>


















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<td colspan="6" height="21" style="font-family: 'times new roman', times; font-size: 10pt; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#178; Number of employees for 2023 was revised to reflect new
criteria (includes only active employees and employees on leave for up to 12
months)</font></td>













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<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; text-align: right;"><font style="color: #00458c; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"><br></font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; text-align: right;">
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<td class="pgno" style="font-size: 10pt; text-align: center;"><font style="font-size: 10pt; color: #000000;" class="pageno"><font class='pageno'>94</font></font></td>













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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: normal;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: normal;">&nbsp;</font></p>
<h2 style="font-size: 9pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; letter-spacing: normal;">Publicly</font> <font style="font-weight: bold; letter-spacing: normal;">Traded</font> <font style="font-weight: bold; letter-spacing: normal;">Company</font></font></h2>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: normal;">&nbsp;</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="letter-spacing: normal;">CNPJ </font><font style="letter-spacing: normal;">Nr. </font><font style="letter-spacing: normal;">33.256.439/0001-39</font></font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: normal;">NIRE 35.300.109.724</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: normal;">&nbsp;</font></p>
<div style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="Bmin_121020246343579" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: normal;">MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS</font></a></div>
<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: normal;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; letter-spacing: normal; line-height: inherit;">Date, Hour and Place</font><font style="letter-spacing: normal; line-height: inherit;">:</font></font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="letter-spacing: normal; line-height: inherit;">November 13</font><font style="letter-spacing: normal; line-height: inherit;">, 2024, at 10:00 a.m., at the Company&#8217;s headquarters, located at Brigadeiro Lu&#237;s Ant&#244;nio Avenue, Nr. 1.343, 9th floor, in the City and State of S&#227;o Paulo</font><font style="letter-spacing: normal; line-height: inherit;">.</font></font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: normal; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; letter-spacing: normal; line-height: inherit;">Members in attendance</font><font style="letter-spacing: normal; line-height: inherit;">:</font></font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="letter-spacing: normal; line-height: inherit;">(i) Members of the Board of Directors undersigned; (ii) Secretary of the Board of Directors, Ms. Denize Sampaio Bicudo; (iii) Chief Executive Officer, Mr. Marcos Marinho Lutz; (iv) Chief Financial and Investor Relations Officer, Mr. Rodrigo de Almeida Pizzinatto; and (v) in relation to item 1, other executive officers of the Company, namely, Mrs.</font> <font style="letter-spacing: normal; line-height: inherit;">D&#233;cio de Sampaio Amaral, Leonardo </font><font style="letter-spacing: normal; line-height: inherit;">Remi&#227;o</font><font style="letter-spacing: normal; line-height: inherit;"> Linden </font><font style="letter-spacing: normal; line-height: inherit;">and</font><font style="letter-spacing: normal; line-height: inherit;"> Tabajara Bertelli Costa; </font><font style="letter-spacing: normal; line-height: inherit;">and the President of the Fiscal Council, Mr. </font><font style="letter-spacing: normal; line-height: inherit;">Fl&#225;vio Cesar Maia Luz.&nbsp;&nbsp;</font></font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: normal; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; letter-spacing: normal; line-height: inherit;">Matters discussed and resolutions</font><font style="letter-spacing: normal; line-height: inherit;">:</font></font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: normal; line-height: inherit;">&nbsp;</font></p>
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<td style="width: 4.53802%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">1.</font></td>
<td style="width: 95.462%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="letter-spacing: normal; line-height: inherit;">After being examined and discussed, the&nbsp;</font><font style="letter-spacing: normal; line-height: inherit;">Board members&nbsp;</font><font style="letter-spacing: normal; line-height: inherit;">approved the Company's financial statements for the&nbsp;</font><font style="letter-spacing: normal; line-height: inherit;">third</font><font style="letter-spacing: normal; line-height: inherit;">&nbsp;quarter of 2024</font><font style="letter-spacing: normal; line-height: inherit;">.</font></font></p>



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<td style="width: 4.53802%; padding: 7px 0px 1px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">2.</font></td>
<td style="width: 95.462%; margin: 0px; text-indent: 0px; padding: 7px 0px 1px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">In an executive session</font><font style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">,&nbsp;</font><font style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">the Board members discussed the results of the evaluation of the Board of Directors and&nbsp;</font><font style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">its committees, carried out with the support of the consultancy&nbsp;</font><font style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">Egon&nbsp;Zehnder.</font></font></td>



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<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt; line-height: 1.2;"><font style="font-family: 'times new roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; letter-spacing: normal; line-height: inherit;">Notes</font><font style="letter-spacing: normal; line-height: inherit;">: The resolutions were approved, with no amendments or qualifications, by all Board members</font><font style="letter-spacing: normal; line-height: inherit;">.</font></font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: normal; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="letter-spacing: normal; line-height: inherit;">There being no further matters to discuss, the meeting was concluded, and these minutes were written, read, passed, and signed by all the Board members present</font><font style="letter-spacing: normal; line-height: inherit;">.</font></font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: normal; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: normal; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; letter-spacing: normal; line-height: inherit;">Jorge Marques de Toledo Camargo </font><font style="letter-spacing: normal; line-height: inherit;">&#8211; </font><font style="letter-spacing: normal; line-height: inherit;">Chairman</font></font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: normal; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; letter-spacing: normal; line-height: inherit;">Marcos Marinho Lutz </font><font style="letter-spacing: normal; line-height: inherit;">&#8211; </font><font style="letter-spacing: normal; line-height: inherit;">Vice-</font><font style="letter-spacing: normal; line-height: inherit;">Chairman</font></font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: normal; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: normal; line-height: inherit;">Ana Paula Vitali Janes Vescovi</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: normal; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: normal; line-height: inherit;">Fabio Venturelli</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: normal; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: normal; line-height: inherit;">Fl&#225;via Buarque de Almeida</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: normal; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: normal; line-height: inherit;">Jos&#233; Mauricio Pereira Coelho</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: normal; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: normal; line-height: inherit;">Marcelo Faria de Lima</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: normal; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: normal; line-height: inherit;">Peter Paul Loren&#231;o Estermann</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: normal; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; letter-spacing: normal; line-height: inherit;">Denize Sampaio Bicud</font><font style="font-weight: bold; letter-spacing: normal; line-height: inherit;">o </font><font style="letter-spacing: normal; line-height: inherit;">&#8211; </font><font style="letter-spacing: normal; line-height: inherit;">Secretary of the </font><font style="letter-spacing: normal; line-height: inherit;">B</font><font style="letter-spacing: normal; line-height: inherit;">oard of Directors</font></font></p>


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<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt; line-height: 1.2;"><font style="font-family: 'times new roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>95</font></font></td>


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<p style="font-size: 14pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">SIGNATURES</font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">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.</font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Date: November 13, 2024&nbsp;</font></p>
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<td style="width: 50%; height: 10px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 47.2px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">ULTRAPAR HOLDINGS INC.</font></td>










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<td style="width: 50%; height: 10px;"><br></td>
<td style="width: 50%; height: 10px; border-bottom: 1pt solid #000000;"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">By: /s/ Rodrigo de Almeida&nbsp;</font>Pizzinatto</font></td>










</tr>
<tr style="height: 10px;">
<td style="width: 50%; height: 10px;"><br></td>
<td style="width: 50%; height: 10px;"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 47.2px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Name: Rodrigo de Almeida&nbsp;</font>Pizzinatto</font></td>










</tr>
<tr style="height: 10px;">
<td style="width: 50%; height: 10px;"><br></td>
<td style="width: 50%; height: 10px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 47.2px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Title: Chief Financial and Investor Relations Officer</font></td>










</tr>





















</table>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;">(</font><font style="font-style: italic;">Individual and Consolidated Interim Financial Information as of and for the Quarter Ended September 30, 2024 and Report on Review of Interim Financial Information</font><font style="font-style: italic;">, </font><font style="font-style: italic;">3Q24 Earnings Release</font><font style="font-style: italic;"> and M</font><font style="font-style: italic;">inutes of the meeting of the Board of Directors of Ultrapar </font><font style="font-style: italic;">Participa&#231;&#245;es</font><font style="font-style: italic;"> S.A., held on November 13, 2024</font><font style="font-style: italic;">)</font></font></p>

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