<SEC-DOCUMENT>0001554855-25-000180.txt : 20250317
<SEC-HEADER>0001554855-25-000180.hdr.sgml : 20250317
<ACCEPTANCE-DATETIME>20250314215045
ACCESSION NUMBER:		0001554855-25-000180
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20250314
FILED AS OF DATE:		20250317
DATE AS OF CHANGE:		20250314

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:		25742138

	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>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 11pt;">&nbsp;</font><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; font-family: 'times new roman', times;">UNITED STATES</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-weight: bold; font-family: 'times new roman', times; font-size: 12.5pt;">SECURITIES AND EXCHANGE COMMISSION</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12pt; font-weight: bold; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; font-family: 'times new roman', times;">Washington, D.C. 20549</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt; font-weight: bold; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt; font-weight: bold; font-family: 'times new roman', times;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-size: 15pt; font-weight: bold; font-family: 'times new roman', times;">Form 6-K</font></p>
































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<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt; font-weight: bold; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt; font-weight: bold; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12.5pt;"><font style="font-weight: bold;">Report </font><font style="font-weight: bold;">o</font><font style="font-weight: bold;">f Foreign Private Issuer</font></font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12pt; font-weight: bold; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12.5pt;"><font style="font-weight: bold;">Pursuant </font><font style="font-weight: bold;">t</font><font style="font-weight: bold;">o Rule 13a-16 Or 15d-16 Of</font></font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12pt; font-weight: bold; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; font-family: 'times new roman', times;">The Securities Exchange Act Of 1934</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">For the month of March 2025</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Commission File Number: 001-14950</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt; font-weight: bold; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 14.5pt; font-weight: bold; font-family: 'times new roman', times;">ULTRAPAR HOLDINGS INC.</font></p>
<p style="margin: 0pt; padding-bottom: 1pt; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;">(Translation of Registrant&#8217;s Name into English)</font></p>
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<p style="margin: 10pt 0pt 0pt; text-align: center; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="font-weight: bold;">Brigadeiro Luis </font><font style="font-weight: bold;">Antonio</font><font style="font-weight: bold;"> Avenue</font><font style="font-weight: bold;">, 1343, 9</font><font style="font-weight: bold; vertical-align: super;">th</font> <font style="font-weight: bold;">Floor</font></font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; font-weight: bold; font-family: 'times new roman', times;">S&#227;o Paulo, SP, Brazil 01317-910</font></p>
<p style="margin: 0pt; padding-bottom: 1pt; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;">(Address of Principal Executive Offices)</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'times new roman', times;">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-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Form 20-F ____<font style="text-decoration: underline;">X</font>____ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Form 40-F ________</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'times new roman', times;">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-size: 9pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Yes ________ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No ____<font style="text-decoration: underline;">X</font><font style="text-decoration: underline;">____</font></font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; font-family: 'times new roman', times;">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-size: 9pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Yes ________ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No ____<font style="text-decoration: underline;">X</font><font style="text-decoration: underline;">____</font></font></p>































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<p style="font-size: 9pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: left;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
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<p style="font-size: 12.5pt; line-height: 115%; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
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<p style="font-size: 13pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 13pt; font-weight: bold;">ULTRAPAR HOLDINGS INC.</font></p>
<p style="font-size: 13pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 13pt; font-weight: bold;">TABLE OF CONTENTS</font></p>
<p style="font-size: 12.5pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: 'times new roman', times; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
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<td style="width: 99.8382%; padding: 0px 0px 9px; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="TOC"></a></font>
<h4 style="vertical-align: middle; margin: 0px; text-indent: 0px; text-align: left;"><font style="text-decoration: underline; font-family: 'times new roman', times; font-size: 10pt;">ITEM</font></h4>




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<td style="width: 99.8382%; padding: 0px 0px 0px 15px; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bsss_15220251717289">1. Minutes of the meeting of the Board of Directors</a></font></td>


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<td style="width: 99.8382%; padding: 0px 0px 0px 15px; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bssm_112202581046273">2. Shareholders&#8217; Meeting Manual</a></font></td>


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<td style="width: 99.8382%; padding: 0px 0px 0px 15px; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bagm_142202523572665">3. Remote voting form &#8211; Annual General Shareholders&#8217; Meeting</a></font></td>


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<td style="width: 99.8382%; padding: 0px 0px 0px 15px; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Begm_1422025235754967">4. Remote voting form &#8211; Extraordinary Shareholders&#8217; Meeting</a></font></td>


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<p style="margin: 0pt; line-height: 1.2; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 8pt;"><font style="letter-spacing: 0.8pt; line-height: inherit;">(</font><font style="letter-spacing: 0.8pt; line-height: inherit;">Minutes of the Meeting of the Board of Directors of Ultrapar Participa&#231;&#245;es S.A., </font></font></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 8pt;"><font style="letter-spacing: 0.8pt; line-height: inherit;">held on </font><font style="letter-spacing: 0.8pt; line-height: inherit;">March</font> <font style="letter-spacing: 0.8pt; line-height: inherit;">1</font><font style="letter-spacing: 0.8pt; line-height: inherit;">4</font><font style="letter-spacing: 0.8pt; line-height: inherit;">, 202</font><font style="letter-spacing: 0.8pt; line-height: inherit;">5</font><font style="letter-spacing: 0.8pt; line-height: inherit;">)</font></font></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 8pt; letter-spacing: 0.8pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 8pt; letter-spacing: 0.8pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">&nbsp;</font></p>
<h2 style="font-size: 10pt; line-height: 150%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Publicly Traded Company</font></h2>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&nbsp;</font></p>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">CNPJ </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Nr</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">.</font> <font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">33.256.439/0001-39</font></font></p>



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<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">NIRE 35.300.109.724</font></p>



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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&nbsp;</font></p>
<div style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="Bsss_15220251717289" class="customBookmark"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS</font> </font></a></div>
<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; letter-spacing: 0.8pt; line-height: inherit;">&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; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Date, Hour and Place</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">:</font></font></p>
<p style="font-size: 11pt; 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; letter-spacing: 0.8pt; line-height: inherit;">March</font> <font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">1</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">4</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">,</font> <font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">202</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">5</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">, </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">at 10:00 a.m., </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">at the Company&#8217;s headquarters, located at Brigadeiro Lu&#237;s Ant&#244;nio Avenue, Nr. 1,343, 9th floor, in the City of and State of S&#227;o Paulo</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">,</font> <font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">also contemplating participation through Microsoft Teams</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">.</font></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; letter-spacing: 0.8pt; line-height: inherit;">&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; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Members in Attendance</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">:</font></font></p>
<p style="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; letter-spacing: 0.8pt; line-height: inherit;">(i) Members of the Board of Directors undersigned; (ii) Secretary of the Board of Directors, M</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">r</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">s</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">. </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Denize Sampaio Bicudo</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">; (iii) Chief Executive Officer, Mr. Marcos Marinho Lutz; </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">and </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">(iv) </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Chief Financial and Investor Relations Officer, Mr. Rodrigo de Almeida Pizzinatto</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">.</font></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; letter-spacing: 0.8pt; line-height: inherit;">&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; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Matters discussed and resolutions</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">:</font></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; letter-spacing: 0.8pt; line-height: inherit;">&nbsp;</font></p>
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<li style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt; line-height: 150%; margin: 0pt 0pt 0pt 13.31pt; padding-left: 22.69pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Pursuant to</font> <font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Article</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;"> 2</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">7</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">, </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">item</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;"> &#8220;i&#8221; o</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">f the</font> <font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Company&#8217;s Bylaws, the members of the Board of Directors discussed and defined the</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;"> composi</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">tion of the slate of candidates, to be proposed by this Board, for election of </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">the </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">members</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;"> of the Board of Directors </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">to be held at the next Annual Gener</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">al </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Shareholders&#8217; </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Meeting of the Company. </font></font></li>



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<p style="margin: 0pt 0pt 0pt 35.4pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">The</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;"> Board of Directors, a</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">fter </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">analysis and confirmation</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;"> of the adherence by each </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">candidat</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">e t</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">o</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;"> the position of member of the Board of Directors to the </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Corporat</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">e Nomination Policy for</font> <font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">m</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">embers of the Board of Directors; and </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">the reasons, in light of the provisions of the </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Novo Mercado</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;"> Regulation</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;"> and declara</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">tion of independence </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">present</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">ed by each </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">candidat</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">e</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">, </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">whereby the qualification of each </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">candidate as independent director is verified, </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">indicate</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">s the following slate</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">:</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 70.8pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Independent candidates</font><font style="font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">:</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 70.8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">F&#225;bio Venturelli</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 70.8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Fl&#225;via Buarque de Almeida</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 70.8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Francisco de S&#225; Neto</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 70.8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Jorge Marques de Toledo Camargo </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 70.8pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Jos&#233; Mauricio Pereira Coelho</font> </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 70.8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Marcelo Faria de Lima</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 70.8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">V&#226;nia Maria Lima Neves</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 70.8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 70.8pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Non-independent candidates</font><font style="font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">:</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 70.8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Marcos Marinho Lutz</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: 34.8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Peter Paul Loren&#231;o Estermann</font></p>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: 34.8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&nbsp;</font></p>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: 34.8pt;"><br></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt !important;">2.  <font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit; margin-left: 34pt;">Considering the provisions of Article</font> <font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">19</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">, </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">paragraph</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;"> 2, o</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">f the Company&#8217;s Bylaws</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">, </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">the</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;"> Board of Directors aut</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">h</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">oriz</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">es the disclosure of the </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">a</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">ppointed sl</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">a</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">te and of the </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">qualifica</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">tion </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">and experi</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">ence of the</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;"> candidates, as well as </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">all the</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;"> documents </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">required by the applicable</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;"> legisla</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">tion</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;"> and </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">by the</font> <font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Company&#8217;s Bylaws</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">, </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">along with the other </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">materia</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">l</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">s </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">concerning to the</font> <font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Annual General and Extraordinary Shareholders&#8217; Meeting</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">, to be held on April 16, 2025, </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">as resolved at the Board of Directors meeting on February 26, 2025.</font></font></div>
<p style="margin: 0pt 0pt 0pt 35.4pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt; 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; line-height: inherit;"><font style="font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Notes</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">: </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">The resolutions were approved, with no amendments or qualifications, by all </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Board members</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">.</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: 0.8pt; line-height: inherit;">&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; letter-spacing: 0.8pt; 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="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">.</font></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; letter-spacing: 0.8pt; line-height: inherit;">&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; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Jorge Marques de Toledo Camargo</font> <font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&#8211;</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;"> Chairman</font></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; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">&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; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Marcos Marinho Lutz </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&#8211; Vice-</font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Chairman</font></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; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">&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; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Ana Paula Vitali Janes Vescovi</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; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">&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; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Fabio Venturelli</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; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">&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; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Fl&#225;via Buarque de Almeida</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; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">&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; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Francisco de S&#225; Neto</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; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">&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; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Jos&#233; Mauricio Pereira Coelho</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; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">&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; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Marcelo Faria de Lima</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br></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; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Peter Paul Loren&#231;o Estermann</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; letter-spacing: 0.8pt; line-height: inherit;">&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; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Denize Sampaio Bicudo </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">- </font><font style="font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">Secretary of the Board of Directors</font></font></p>
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<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; letter-spacing: 0.8pt; line-height: inherit;"><br></font></font></p>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<div style="font-size: 16pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Bssm_112202581046273" class="customBookmark"><font style="color: #002658; font-family: Aptos; font-size: 16pt; font-weight: bold; line-height: inherit;">Shareholders&#8217; </font><font style="color: #002658; font-family: Aptos; font-size: 16pt; font-weight: bold; line-height: inherit;">M</font><font style="color: #002658; font-family: Aptos; font-size: 16pt; font-weight: bold; line-height: inherit;">eeting </font><font style="color: #002658; font-family: Aptos; font-size: 16pt; font-weight: bold; line-height: inherit;">M</font><font style="color: #002658; font-family: Aptos; font-size: 16pt; font-weight: bold; line-height: inherit;">anual</font></a></div>
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<p style="font-size: 16pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #002658; font-family: Aptos; font-size: 16pt; font-weight: bold; line-height: inherit;">Annual and Extraordinary General Shareholders&#8217; Meeting</font></p>
<p style="font-size: 16pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #002658; font-family: Aptos; font-size: 16pt; font-weight: bold; line-height: inherit;">of</font><font style="color: #002658; font-family: Aptos; font-size: 16pt; font-weight: bold; line-height: inherit;"> April</font><font style="color: #002658; font-family: Aptos; font-size: 16pt; font-weight: bold; line-height: inherit;"> 1</font><font style="color: #002658; font-family: Aptos; font-size: 16pt; font-weight: bold; line-height: inherit;">6</font><font style="color: #002658; font-family: Aptos; font-size: 10.67pt; font-weight: bold; vertical-align: super; line-height: inherit;">th</font><font style="color: #002658; font-family: Aptos; font-size: 16pt; font-weight: bold; line-height: inherit;">,</font><font style="color: #002658; font-family: Aptos; font-size: 16pt; font-weight: bold; line-height: inherit;"> 202</font><font style="color: #002658; font-family: Aptos; font-size: 16pt; font-weight: bold; line-height: inherit;">5</font></p>
<p style="font-size: 14pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: Aptos; font-size: 14pt; font-weight: bold; line-height: inherit;">Digital-only meeting</font></p>










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<td class="bmpageno" style="width: 7.23039%; text-align: center; height: 17px; vertical-align: top; border-width: 1px; border-color: #000000 !important; border-style: solid;" valign="top">5</td>
<td style="width: 92.5245%; height: 17px; padding: 0px 0px 0px 5px; vertical-align: top; border-width: 1px; border-color: #000000 !important; border-style: solid;" valign="top"><font style="font-weight: bold; font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bmessman_112202573836777">Message from the Chairman of the Board of Directors</a></font></td>

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<td style="width: 92.5245%; height: 17px; padding: 0px 0px 0px 5px; vertical-align: top; border-width: 1px; border-color: #000000 !important; border-style: solid;" valign="top"><font style="font-weight: bold; font-size: 10pt; font-family: 'times new roman', times;"><a href="#Binvlet_112202573816761">Invitation letter</a></font></td>

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<td style="width: 92.5245%; height: 17px; padding: 0px 0px 0px 5px; vertical-align: top; border-width: 1px; border-color: #000000 !important; border-style: solid;" valign="top"><font style="font-weight: bold; font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bcallnot_112202573758435">Call notice</a></font></td>

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<td style="width: 92.5245%; height: 17px; padding: 0px 0px 0px 5px; vertical-align: top; border-width: 1px; border-color: #000000 !important; border-style: solid;" valign="top"><font style="font-weight: bold; font-size: 10pt; font-family: 'times new roman', times;"><a href="#Baddpro_112202573737786">Additional procedures</a></font></td>

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<td style="width: 92.5245%; height: 17px; padding: 0px 0px 0px 5px; vertical-align: top; border-width: 1px; border-color: #000000 !important; border-style: solid;" valign="top"><font style="font-weight: bold; font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bmanpro_11220257371610">Management proposal for matters to be discussed in the Annual and Extraordinary General Shareholders&#8217; Meeting, including:</a></font></td>

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<td style="width: 92.5245%; height: 17px; vertical-align: top; padding: 0px 0px 0px 15px; border-width: 1px; border-color: #000000 !important; border-style: solid;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bexi_112202573653512">Exhibit I &#8211; Report on the source and rationale for the proposed amendments to the Bylaws of Ultrapar Participa&#231;&#245;es S.A.</a></font></td>

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<td style="width: 92.5245%; height: 17px; vertical-align: top; padding: 0px 0px 0px 15px; border-width: 1px; border-color: #000000 !important; border-style: solid;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bexii_112202573623698">Exhibit II &#8211; Financial statements referring to the fiscal year ended on December 31, 2023, including (i) the Management Report of the fiscal year ended on December 31, 2023; (ii) Report from our Independent Auditors and (iii) Opinion from our Fiscal Council</a></font></td>

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<td style="width: 92.5245%; vertical-align: top; padding: 0px 0px 0px 15px; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 34px;"><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;"><a href="#BS234_142202524910848">Exhibit III &#8211; Management discussion and analysis on the financial conditions of the Company, under the terms of item 2 of the Reference Form</a></font></td>

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<td style="width: 92.5245%; height: 17px; vertical-align: top; padding: 0px 0px 0px 15px; border-width: 1px; border-color: #000000 !important; border-style: solid;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bexiv_112202574918763">Exhibit IV &#8211; Allocation of net income proposal for the fiscal year, pursuant to Annex A of CVM Resolution 81/22</a></font></td>

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<td style="width: 92.5245%; vertical-align: top; padding: 0px 0px 0px 15px; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 34px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><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;"><a href="#Bs345_1422025303617">Exhibit V &#8211; Information regarding the candidates for members of the Fiscal Council, pursuant to items 7.3 to 7.6 of the Reference Form and to the New Market Regulation</a></font></font></td>

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<td style="width: 92.5245%; vertical-align: top; padding: 0px 0px 0px 15px; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 17px;"><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;"><a href="#BS123_142202505630894">Exhibit VI &#8211; Information about the management compensation, under the terms of item 8 of the Reference Form</a>
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<td style="width: 92.5245%; vertical-align: top; padding: 0px 0px 0px 15px; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 17px;"><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;"><a href="#Bexvii_112202573452834">Exhibit&nbsp;VII &#8211; Proposal to increase Ultrapar's&nbsp;capital stock</a></font></td>

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<td style="width: 92.5245%; height: 17px; vertical-align: top; border-width: 1px; border-style: solid; border-color: #000000 !important; padding: 0px 0px 0px 5px;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times; font-weight: bold;"><a href="#Bpowatt_112202573416619">Model for power of attorney</a></font></td>

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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"><img src="img1f1268e2ea6f41229497.jpg" alt="Graphics"></font></p>
<p style="margin: 3.15pt 0pt 0pt; text-align: center; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"><br></font></p>
<div style="margin: 3.15pt 0pt 0pt; text-align: center; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Bmessman_112202573836777" class="customBookmark"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">MESSAGE FROM </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">MANAGEMENT</font></a></div>
<p style="margin: 3.15pt 0pt 0pt; text-align: center; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">In 2024, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultrapar</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> had another year of significant progress. Despite the volatility and uncertainties, our three main businesses delivered good operational results. We highlight the continued growth of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultragaz</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> and </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultracargo</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, and the resilience of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ipiranga</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, even in an environment of significant unlawful practices in the fuel market. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The strong operational cash generation allowed the Company to maintain its financial leverage ratio at comfortable levels, even with higher levels of organic investments for the expansion of existing businesses and the acquisition of a significant equity stake in </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Hidrovias</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> do </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Brasil</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">We invested R$ 2.2 billion in 2024, allocating R$ 1.3 billion (59%) for expansion and R$ 900 million for the maintenance. We also invested R$ 1.8 billion to acquire a 42% stake in </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Hidrovias</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> do </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Brasil</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, including the resources of the instrument of advance for future capital increase, our largest capital allocation </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">in</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> a single asset in the past 10 years, aiming at the long-term value generation potential of the company. We also acquired a stake in </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Witzler</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> for R$ 124 million, which complemented our portfolio of energy solutions at </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultragaz</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> by integrating a renewable energy trader. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">We celebrated 25 years as a publicly traded company by launching our new brand, reflecting our essence and important attributes that drive us towards the future. We evolved our governance model by establishing Boards of Directors in the business, providing greater agility, autonomy, and accountability in each business, as well as efficiency and influence in performance tracking. These actions reaffirm and consolidate the Company strategy as a shareholder and capital allocator focused on long-term value generation and solid governance, allowing the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultrapar</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Board of Directors discussions to focus on capital allocation, portfolio management, and talent development aligned with our corporate culture. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">As part of our succession plan, we announced the planned transition process for the roles of Chief Executive Office and Chief Financial and Investor Relations Officer, set to be concluded in April 2025.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Additionally, we advanced in our sustainability journey, a key component of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultrapar's</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> strategy and the basis for updating our 2030 ESG plan, which will be completed in 2025.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">We ended 2024 with net revenue of R$133 billion, 6% higher than in 2023. We achieved a recurring EBITDA of R$ 5.4 billion and net income of R$ 2.5 billion, of which R$ 769 million will be distributed as dividends to shareholders. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">We announced our investment plan for 2025, totaling R$ 2.5 billion. The amount allocated for business expansions is R$ 1.5 billion </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">of</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the total and includes projects at </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ipiranga</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultragaz</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, and </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultracargo</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The remaining will be directed to asset maintenance, safety, service station upgrades, acquisition of bottles, and investments in technology, particularly the ERP replacement at </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ipiranga</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">We entered 2025 in a challenging global environment, marked by geopolitical tensions, high interest rates, and economic instability. However, we are prepared to face these challenges and seize opportunities with an engaged leadership team and strengthened businesses, continuing our growth and value-creation journey. We thank our customers, suppliers, shareholders and other stakeholders for </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">the</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> trust and partnership in the continuous evolution of the Company. </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">In particular, we</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> thank all our employees for their dedication, commitment and achievements throughout the year.</font></p>
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<p style="font-size: 10pt; line-height: 115%; margin: 3pt 0pt 0pt; page-break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Jorge Marques de Toledo Camargo</font></p>


















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<p style="font-size: 10pt; line-height: 115%; margin: 3pt 0pt 0pt; page-break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Marcos Marinho Lutz</font></p>


















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<p style="font-size: 10pt; line-height: 115%; margin: 3pt 0pt 0pt; page-break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chairman of the Board o</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">f Directors</font></p>


















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<p style="font-size: 10pt; line-height: 115%; margin: 3pt 0pt 0pt; page-break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chief Executive Officer</font></p>











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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"><img src="img1f1268e2ea6f41229497.jpg" alt="Graphics"></font></p>
<div style="margin: 3.15pt 0pt 0pt; text-align: center; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Binvlet_112202573816761" class="customBookmark"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">INVITATION LETTER</font></a></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Dear Shareholders</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">It is a pleasure to invite you to participate in the Shareholders' Meeting of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultrapar</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, to be held on April 1</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">6</font><font style="font-family: Aptos; font-size: 6.67pt; vertical-align: super; line-height: inherit;">th</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, 202</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">5</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, at 2:00 pm (Brazil time), exclusively in digital form, pursuant to the terms of the respective call notice.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">All </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultrapar</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> shareholders (including holders of common shares in the form of ADRs) will be able to vote on all matters o</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">f</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the agenda. Each common share gives the right to one vote in the Meeting&#8217;s </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">resolutions</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. ADR holders must vote as determined in a communication to be released by the depositary under the terms of the deposit agreement.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">This document aims to clarify and guide the resolutions to be taken and the procedures necessary for your attendance or representation in the Meeting.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultrapar's</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Investor Relations department is available for further clarification on the e-mail </font><font style="font-family: Aptos; font-size: 10pt; text-decoration: underline; line-height: inherit;">invest@ultra.com.br</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">We count on your participation,</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Jorge Marques de Toledo Camargo</font></p>


















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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chairman of the Board of Directors</font></p>











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<p style="margin: 0pt; text-align: center;"><img src="img645e1870cb2c4130883d.jpg" alt="Graphics"><br><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: center; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: center; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Publicly Traded Company</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: center; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">CNPJ </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> 33.256.439/0001-39&nbsp;&nbsp; </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: center; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> NIRE 35.300.109.724</font></p>
<div style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: center; text-indent: 0pt;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Bcallnot_112202573758435" class="customBookmark"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Call Notice</font></a></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: center; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">ANNUAL AND EXTRAORDINARY GENERAL SHAREHOLDERS&#8217; MEETING</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Shareholders of Ultrapar Participa&#231;&#245;es S.A. (&#8220;Ultrapar&#8221; or &#8220;Company&#8221;) are hereby invited to attend the Annual and Extraordinary General Shareholders&#8217; Meeting that shall be held </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">exclusively in digital form </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">on April 1</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">6</font><font style="font-family: Aptos; font-size: 6.67pt; vertical-align: super; line-height: inherit;">th</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, 202</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">5</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> (&#8220;Meeting&#8221;)</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, at 2:00 p.m.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> (Brazil time)</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, pursuant to the terms of CVM </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Resolution 81</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">/</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">22 (&#8220;</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">R</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">CVM 81&#8221;)</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, without prejudice of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">use of remote voting form, to discuss the following Agenda</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">At the</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> Annual General Shareholders&#8217; Meeting</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">:</font></p>
<ol style="margin: 0pt; padding-left: 0pt; list-style-type: numeric;">
<li style="font-family: Aptos; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 12.5pt; padding-left: 1.7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Analysis and approval of the report and accounts of the Management, as well as the financial statements of the fiscal year ended on </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">December 3</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">1</font><font style="font-family: Aptos; font-size: 6.67pt; vertical-align: super; line-height: inherit;">st</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">202</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">4</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, together with the report from the Independent Auditors and the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">opinion</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">from the Fiscal Council</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">;</font></li>
<li style="font-family: Aptos; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 12.5pt; padding-left: 1.7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Allocation of net income for the fiscal year ended on </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">December 3</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">1</font><font style="font-family: Aptos; font-size: 6.67pt; vertical-align: super; line-height: inherit;">st</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">202</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">4</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">;</font></li>
<li style="font-family: Aptos; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 12.5pt; padding-left: 1.7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Establishment of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">the number of members to be elected to the Board of Directors;</font></li>
<li style="font-family: Aptos; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 12.5pt; padding-left: 1.7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Election of the slate that will compose the Board of Directors; and</font></li>
<li style="font-family: Aptos; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 12.5pt; padding-left: 1.7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Establishment of the Management's global compensation</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. </font></li>












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<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">At the</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> Extraordinary General Shareholders&#8217; Meeting</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">:</font></p>
<ol style="margin: 0pt; padding-left: 0pt; list-style-type: numeric;">
<li style="font-family: Aptos; font-size: 10pt; line-height: 130%; margin: 0pt 0pt 6pt 12.5pt; padding-left: 1.7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ratification of the change in the number of common shares into which the Company's capital stock is divided, due to the partial exercise of the rights conferred by the subscription warrants issued by the Company as of the merger of shares issued by Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A. by the Company</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, approved</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> by the Extraordinary General Shareholders&#8217; Meeting held on January 31</font><font style="font-family: Aptos; font-size: 6.67pt; vertical-align: super; line-height: inherit;">st</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, 2014; </font></li>
<li style="font-family: Aptos; font-size: 10pt; line-height: 130%; margin: 0pt 0pt 6pt 12.5pt; padding-left: 1.7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Approval of the Company's capital increase, through the capitalization of part of the profit reserves, without the issuance of new shares, with the consequent amendment of article 5 of the Bylaws</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> in force</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">;</font></li>
<li style="font-family: Aptos; font-size: 10pt; line-height: 130%; margin: 0pt 0pt 6pt 12.5pt; padding-left: 1.7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Approval of the amendment to the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">powers</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> of the Company's Board of Directors, as detailed in the Management Proposal disclosed to the market on this date, with the consequent amendment of the Company's Bylaws; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">and </font></li>
<li style="font-family: Aptos; font-size: 10pt; line-height: 130%; margin: 0pt 0pt 6pt 12.5pt; padding-left: 1.7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Approval of the consolidation of the Bylaws, in order to reflect the changes proposed in the items above</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></li>












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<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Election of members of the Board of Directors &#8211; Procedure for requesting multiple voting </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The minimum percentage of voting capital required to request the adoption of the multiple voting process for the election of members of the Board of Directors is 5% of the common shares, in accordance with CVM Resolution 70/22.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Pursuant</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> to the Company's Bylaws and Law No. 6,404/76 (&#8220;</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Brazilian </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Corporate Law&#8221;), this </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">faculty</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> must be exercised up to 48 hours </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">prior to</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the Meeting.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Fiscal Council &#8211; </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Procedure for installation</font></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; font-size: 11pt; font-family: Calibri, sans-serif; text-indent: 0pt;"><font lang="EN-US" style="font-family: Aptos; font-size: 10pt;">Given
the non-permanent nature of the Company's Fiscal Council and that the term of
office of the current members ends on the date of the Meeting, the minimum
percentage required to request the installation of the Fiscal Council is 2% of
the voting share capital.</font></p>




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<div style="line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br></font></div>
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<div style="line-height: 1.2; margin: 0pt 0pt 6pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Attendance at the Meeting</font></div>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The shareholders</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> of the Company</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">including holders of American Depositary Receipts (&#8220;ADRs&#8221;)</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> under the terms described below</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> &#8211;, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">may attend the Meeting in person or represented by proxies, upon the fulfillment of the requirements for attendance provided for in the Company&#8217;s Bylaws. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The quality of s</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">hareholder </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">may</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> be </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">proven </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">upon submi</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">ssion</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> of the statement issued by the institution providing </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">bookkeeping</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> services </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">of the Company's shares </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">or the custodian institution, with the number of shares included therein. </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">non-submission of the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">proof of shareholder ownership does not prevent the shareholder from participating in the Meeting, so the Company will </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">carry out the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">proof </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">based on the ownership records held by it.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company will adopt the remote voting system</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> for this Meeting</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">in accordance </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">with</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the Brazilian Corporate Law and RCVM 81</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, allowing its shareholders to send, through their respective custody agents or bookkeeping institution or directly to the Company, a remote voting form</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> for the Meeting</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, as provided by the Company together with other documents to be discussed at the Meeting. The Company informs that the instructions for the exercise of the remote voting are described in the Annual and Extraordinary General Shareholders</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#8217;</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Meeting Manual. The remote voting forms submitted by the shareholders by virtue of the first call of the Meeting shall be deemed valid for the second call, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">if any, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">under</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the terms of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">RCVM 81</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Pursuant to the terms of RCVM 81 and 204/24, t</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">he Meeting shall be held </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">exclusively in </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">digital</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> form</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> with </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">guarantee </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">of</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the participation and voting rights </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">of</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the shareholders, considering that the technology currently available allows digital meetings to be held safely for shareholders and at a </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">lower cost for the Company. The Meeting will be held</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> through a digital platform (&#8220;Platform&#8221;)</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, so </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">the shareholders shall attend the Meeting solely by means of the following</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">: </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 9.6pt 36.85pt; text-align: justify; text-indent: -15pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(a) </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">through remote voting form</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, which </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">detailed guidelines with respect to the necessary documentation for remote voting are included in such form; and</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt 36.85pt; text-align: justify; text-indent: -15pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(b) </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">through</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Platform</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, in person or by attorney-in-fact duly appointed, and the shareholder: </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">may </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(i) solely attend at the Meeting, regardless of the submission of the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">remote voting </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">form; or (ii) attend and vote at the Meeting; in this case, provided that eventual votes issued by the shareholder through the remote voting form shall be disregarded</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Holders of ADRs will be represented at the Meeting by the custodian of underlying shares of the ADRs, pursuant to the deposit agreement dated as of September 16</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">th,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> 1999 (&#8220;Deposit Agreement&#8221;). Voting procedures with respect to the ADRs shall be specified in a communication to be sent to ADRs holders by the depositary, pursuant to the Deposit Agreement</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Under the terms of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">R</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">CVM 81, in order to obtain the Company's authorization for virtual participation in the Meeting through the Platform, shareholders or their legal representatives or attorneys-in-fact must send an </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">email</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> to the Company at </font><font style="font-family: Aptos; font-size: 10pt; text-decoration: underline; line-height: inherit;">invest@ultra.com.br</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">until</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> 2:00 p</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">m</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(Brazil time) </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">on April </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">14</font><font style="font-family: Aptos; font-size: 6.67pt; vertical-align: super; line-height: inherit;">t</font><font style="font-family: Aptos; font-size: 6.67pt; vertical-align: super; line-height: inherit;">h</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, 202</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">5</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, requesting participation, specifying the contact phone number and </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">email</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> address of the participant, and submitting the documents listed below</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Individual </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">s</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">hareholder</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 0.25pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Copy of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">identification</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> document with photograph (ID, foreign national&#8217;s residence ID, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">driver&#8217;s license, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">officially recognized professional class ID or passport, for foreigners); and</font></li>












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<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 0.25pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Copy of the power of attorney, if applicable, and identification document with p</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">hotograph</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> of the attorney-in-fact</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></li>












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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Corporate </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">s</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">hareholder</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 0.25pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Copy of the last restated bylaws or articles of association and the corporate documents granting representation powers (officers&#8217; election minutes and/or power of attorney)</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">;</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 0.25pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Copy of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">identification</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> document with </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">photograph(s)</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> of the legal representative(s); and</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 0.25pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Copy of the power of attorney, if applicable, and identification document with </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">photograph</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> of the attorney-in-fact</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></li>





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<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Investment </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">f</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">unds</font></p>
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<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 0.25pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Evidence of capacity as manager of the fund granted to individual or legal entity representing the fund in the Meeting or who granted power to the attorney-in-fact</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">;</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 0.25pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Corporate act of the corporate manager granting powers to the representative attending the Meeting or to whom a power of attorney was granted</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">and</font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 0.25pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">If the representative or attorney-in-fact is a legal entity, the documents listed on item &#8220;Corporate Shareholder&#8221; related to them shall be presented to the Company</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></li>












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<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">In addition, on an </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">exceptional </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">basis, the Company </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">will</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> accept that the shareholders submit the necessary representation documents, as referred above, solely in digital means, without registry </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">before the notary office or notarized copies, in PDF format. Ultrapar shall accept the powers of attorneys </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">signed </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">physically or digitally </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">by means of a </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">digital certificate (ICP-Brazil).</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Access to the Platform will not be admitted to shareholders who do not submit the necessary participation documents within the period provided for herein</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Upon receipt of the request, accompanied by the necessary documents </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">required to participate in the Meeting,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the Company shall submit the link and instructions to access the Platform to the shareholders or, however the case may be, the</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">ir</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> legal representatives or attorneys-in-fact </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">to the email address indicated by the shareholder</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. Such information is personal and not transferrable, and shall not be shared, subject to attribution of responsibility. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; text-decoration: underline; line-height: inherit;">Ultrapar shall not be responsible for any operational or connection issue faced by the shareholder, legal representative or attorney-in-fact, which would hamper or prevent </font><font style="font-family: Aptos; font-size: 10pt; text-decoration: underline; line-height: inherit;">the</font><font style="font-family: Aptos; font-size: 10pt; text-decoration: underline; line-height: inherit;">ir</font><font style="font-family: Aptos; font-size: 10pt; text-decoration: underline; line-height: inherit;"> attendance at the </font><font style="font-family: Aptos; font-size: 10pt; text-decoration: underline; line-height: inherit;">Shareholders&#8217; </font><font style="font-family: Aptos; font-size: 10pt; text-decoration: underline; line-height: inherit;">Meeting</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> </p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Availability of </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">d</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">ocuments and </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">i</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">nformation</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Pursuant to</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Ultrapar&#8217;s Bylaws and </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">R</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">CVM 81, the documents and information </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">related</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> to the matters to be deliberated upon, as well as the Annual and Extraordinary General Shareholders&#8217; Meeting Manual, the remote voting form</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> and </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">other relevant documents for the exercise of the voting right at the Meeting were filed with the Brazilian Securities and Exchange Commission (&#8220;CVM&#8221;) and are available at the website of CVM (</font><font style="color: #002060; font-family: Aptos; font-size: 10pt; text-decoration: underline; line-height: inherit;">www.cvm.gov.br</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">), Company&#8217;s head</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">quarters</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, website of B3 (</font><font style="color: #002060; font-family: Aptos; font-size: 10pt; text-decoration: underline; line-height: inherit;">www.b3.com.br</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">) and Company&#8217;s website (</font><font style="color: #002060; font-family: Aptos; font-size: 10pt; text-decoration: underline; line-height: inherit;">ri.ultra.com.br</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">).</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: center; text-indent: 0pt;"><br><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">S&#227;o Paulo, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">March 1</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">4</font><font style="font-family: Aptos; font-size: 6.67pt; vertical-align: super; line-height: inherit;">th</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> 202</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">5</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Jorge Marques de Toledo Camargo</font></p>












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<p style="margin: 0pt; text-align: center;"><img src="img645e1870cb2c4130883d.jpg" alt="Graphics"><br><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<div style="margin: 0pt 0pt 6pt; text-align: center; line-height: 1.2; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Baddpro_112202573737786" class="customBookmark"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">ADDITIONAL PROCEDURES</font></a></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultrapar, aiming to facilitate the representation of its shareholders at the Meeting (excluding holders of common shares in the form of ADRs</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, which will be represented exclusively as indicated in the Call Notice</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">), provides </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">at</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the end of this Manual a power</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">attorney model, through which shareholders may appoint the lawyers thereby indicated to represent them at the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Shareholders&#8217; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Meeting, at no cost and strictly in accordance with the powers granted</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> therein</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">If</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">shareholders (excluding holders of common shares in the form of ADRs) </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">choose</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> to be represented at the</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Shareholders&#8217;</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Meeting using the model provided by the Company, the power of attorney must include </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">all</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">attorneys-in-fact</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> listed in the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">model</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">of the</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> power</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">attorney</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">.</font> </p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">will allow</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> shareholders</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> to</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> submit the necessary representation documents, as </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">indicated</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> in</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the Call Notice, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">digitally</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> in PDF format, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">signed </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">physically or digitally through </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">digital certificate (ICP-Brazil)</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">without registry before the notary office or notarized copies. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">I</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">n the case of non-Brazilian investment funds and shareholders, a sworn translation of the documents shall not be required if </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">source language of the document is English or Spanish</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Pursuant to </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">article 6, paragraph 3 of RCVM 81</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">access to the Platform will not be admitted to shareholders who do not submit the participation documents specified in the Call Notice within the period established therein</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Upon receipt of the request, accompanied by the necessary documents </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">to participate in the</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Meeting, the Company shall submit the link and the instructions to access the Platform to the shareholders or, however the case may be, the legal representatives or attorneys-in-fact</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">to the email indicated by the shareholder</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. Such information is personal and not </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">transferrable</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, and shall not be shared, subject </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">to</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> penalty of liability</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The shareholder who participates through </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Platform will be considered present at the Meeting, being able to exercise </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">their</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> respective voting rights, and </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">subscribe</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">the respective Minutes of the Meeting, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">under the terms of RCVM 81</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. </font></p>
<p style="font-size: 11pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">If the shareholder who has duly requested his participation does not receive from the Company the email with </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">the link and </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">instructions for accessing </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">the Platform </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">and participating in the Meeting at least 24 hours prior to the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Shareholders&#8217; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Meeting (</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">i.e.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, until 2:00 p.m. o</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">f</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> April </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">1</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">5</font><font style="font-family: Aptos; font-size: 6.67pt; vertical-align: super; line-height: inherit;">th</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, 202</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">5</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">), </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">the shareholder</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> must contact the Company </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">through the e-mail </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">invest@ultra.com.br</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, in order to receive their respective instructions to access</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the Platform</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; text-decoration: underline; line-height: inherit;">Ultrapar shall not be responsible for any operational or connection issue faced by the shareholder, legal representative or attorney-in-fact, which would hamper or prevent his/her attendance </font><font style="font-family: Aptos; font-size: 10pt; text-decoration: underline; line-height: inherit;">to</font><font style="font-family: Aptos; font-size: 10pt; text-decoration: underline; line-height: inherit;"> the </font><font style="font-family: Aptos; font-size: 10pt; text-decoration: underline; line-height: inherit;">Shareholders&#8217; </font><font style="font-family: Aptos; font-size: 10pt; text-decoration: underline; line-height: inherit;">Meeting</font><font style="font-family: Aptos; font-size: 10pt; text-decoration: underline; line-height: inherit;">. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Shareholders who choose to participate in the Meeting are requested to access the Platform at least 30 minutes before the scheduled start time of the Meeting, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">in order to</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> allow access validation.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company reserves the right to use any information contained in the recording of the Meeting to: (i) </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">register</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the shareholders&#8217; statements and </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">view</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the documents presented during the Meeting; (ii) </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">register</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the authenticity and safety of communications during the Meeting; (iii) </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">register</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the shareholders' attendance and votes; (iv) </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">comply</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> with any legal orders from competent authorities; and (v) </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">safeguard</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the Company, its </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">management </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">and contracted third parties, in any judicial, arbitration, regulatory or administrative sphere</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Remote </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">v</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">oting </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">f</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">orms</font></p>
<p style="font-size: 11pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">If the shareholder </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">chooses</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> to send the remote voting form directly to the Company, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">it</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> is requested </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">to send</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> such voting form and other supporting documents to the email </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">invest@ultra.com.br</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> or</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> to file them</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> at the Company within </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">4</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> days from the Annual and Extraordinary General Shareholders&#8217; Meeting date, that is, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">until April</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> 12</font><font style="font-family: Aptos; font-size: 6.67pt; vertical-align: super; line-height: inherit;">th</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, 202</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">5</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>




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<p style="margin: 0pt; text-align: center;"><img src="img645e1870cb2c4130883d.jpg" alt="Graphics"><br><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 3pt; text-align: center; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 3pt; text-align: center; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-weight: bold; line-height: inherit;">Publicly</font> <font style="font-weight: bold; line-height: inherit;">Traded</font> <font style="font-weight: bold; line-height: inherit;">Company</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 3pt; text-align: center; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">CNPJ No. 33.256.439/0001-39&nbsp;&nbsp; </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> NIRE 35.300.109.724</font></p>
<p style="font-size: 10pt; line-height: 1.2; 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>
<div style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Bmanpro_11220257371610" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">MANAGEMENT PROPOSAL</font></a></div>
<p style="line-height: 1.2; margin: 0pt 0pt 6pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">&nbsp;</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-size: 10pt; line-height: inherit;">Dear Shareholders, </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">The Management of </font><font style="line-height: inherit;">Ultrapar</font> <font style="line-height: inherit;">Participa&#231;&#245;es</font><font style="line-height: inherit;"> S.A. (&#8220;</font><font style="line-height: inherit;">Ultrapar</font><font style="line-height: inherit;">&#8221; or &#8220;Company&#8221;) hereby presents the Management Proposal, regarding the matters to be deliberated upon at the Company&#8217;s </font><font style="line-height: inherit;">Annual</font><font style="line-height: inherit;"> and Extraordinary General Shareholders&#8217; Meeting t</font><font style="line-height: inherit;">hat shall be</font><font style="line-height: inherit;"> held </font><font style="line-height: inherit;">exclusively </font><font style="line-height: inherit;">in </font><font style="line-height: inherit;">digital</font><font style="line-height: inherit;"> form</font> <font style="line-height: inherit;">on April 1</font><font style="line-height: inherit;">6<font style="font-size: 8pt;"><sup>th</sup></font></font><font style="line-height: inherit;">, 202</font><font style="line-height: inherit;">5</font><font style="line-height: inherit;"> (&#8220;Meeting&#8221;)</font><font style="line-height: inherit;">, at 2:00 p.m.</font><font style="line-height: inherit;"> (Brazil time)</font><font style="line-height: inherit;">: </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-weight: bold; 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-weight: bold; line-height: inherit;">At the </font><font style="font-weight: bold; line-height: inherit;">Annual </font><font style="font-weight: bold; line-height: inherit;">General Shareholders&#8217; Meeting</font><font style="font-weight: bold; line-height: inherit;">:</font></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; font-style: italic; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">1.1) </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">Analysis and approval of the report and accounts of the Management, as well as the financial statements of the fiscal year ended on December 31</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">st</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">, 202</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">4</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">, together with the report from the Independent Auditors and the </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">opinion</font><font style="font-style: italic; font-weight: bold; line-height: inherit;"> from the Fiscal Council</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">The Management Report and the financial statements for the fiscal year ended December 31</font><font style="line-height: inherit;">st</font><font style="line-height: inherit;">, </font><font style="line-height: inherit;">202</font><font style="line-height: inherit;">4</font><font style="line-height: inherit;"> were filed with the CVM on February </font><font style="line-height: inherit;">2</font><font style="line-height: inherit;">6</font><font style="line-height: inherit;">th</font><font style="line-height: inherit;">, 202</font><font style="line-height: inherit;">5</font><font style="line-height: inherit;">,</font><font style="line-height: inherit;"> published in wide-circulation newspaper and made available on the newspaper's website on </font><font style="line-height: inherit;">February 28th,</font><font style="line-height: inherit;"> 202</font><font style="line-height: inherit;">5</font><font style="line-height: inherit;">, pursuant to</font><font style="line-height: inherit;"> Brazilian Federal</font><font style="line-height: inherit;"> Law No. 6,404/76, as amended by </font><font style="line-height: inherit;">Brazilian Federal </font><font style="line-height: inherit;">Law No. 13,818/19. The Management Report is accompanied by the Annual Report of the Audit and Risk</font><font style="line-height: inherit;">s</font><font style="line-height: inherit;"> Committee and summarizes relevant information about the Company in 202</font><font style="line-height: inherit;">4</font><font style="line-height: inherit;">, including environmental, social and governance </font><font style="line-height: inherit;">performance, information on innovation, people, operational and financial performance. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">Such documents (</font><font style="line-height: inherit;">i</font><font style="line-height: inherit;">) were recommended by the Audit and Risks Committee for approval by the Board of Directors; (ii)&nbsp;obtained a favorable opinion from the Company's Fiscal Council at a meeting held on February 26<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; vertical-align: super; line-height: inherit;">th</font>, 2025; and&nbsp;</font><font style="line-height: inherit;">(iii) were approved by<font>&nbsp;</font>Ultrapar's<font>&nbsp;</font>Board of Directors<font>&nbsp;</font>on February 26<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; vertical-align: super; line-height: inherit;">th</font>, 2025</font><font style="line-height: inherit;">.</font> <font style="line-height: inherit;">The</font><font style="line-height: inherit;"> respective minutes were filed with the CVM </font><font style="line-height: inherit;">on the date of their completion</font><font style="line-height: inherit;">.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">In addition, the financial statements were audited and received an unqualified </font><font style="line-height: inherit;">report</font><font style="line-height: inherit;"> from Deloitte Touche Tohmatsu Auditores </font><font style="line-height: inherit;">Independentes</font><font style="line-height: inherit;"> Ltda. </font><font style="line-height: inherit;">(&#8220;Independent Auditors&#8221;). </font><font style="line-height: inherit;">Such documents are available in </font><font style="font-weight: bold; line-height: inherit;">Exhibit II</font><font style="line-height: inherit;"> o</font><font style="line-height: inherit;">f</font><font style="line-height: inherit;"> this Proposal. The Management discussion and analysis </font><font style="line-height: inherit;">on</font><font style="line-height: inherit;"> the financial conditions of the Company, under the terms of item </font><font style="line-height: inherit;">2</font><font style="line-height: inherit;"> of the Reference Form, are available in </font><font style="font-weight: bold; line-height: inherit;">Exhibit III</font><font style="line-height: inherit;">.</font></font></p>








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<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Management</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;"> R</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">ecommendation</font><font style="line-height: inherit;">: approval of the Management Report and accounts, as well as the Company's financial statements.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">1.2) </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">Allocation of net income for the fiscal year ended December 31</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">st</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">, 202</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">4</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">Management proposes that the allocation of net income </font><font style="line-height: inherit;">attributable to </font><font style="line-height: inherit;">Ultrapar&#8217;s</font><font style="line-height: inherit;"> shareholders </font><font style="line-height: inherit;">for the year ended December 31</font><font style="vertical-align: super; line-height: inherit;">st</font><font style="line-height: inherit;">, 202</font><font style="line-height: inherit;">4</font><font style="line-height: inherit;">, in the amount of R$ </font><font style="line-height: inherit;">2,362,739,882.29 </font><font style="line-height: inherit;">(</font><font style="line-height: inherit;">two billion, three hundred and sixty-two million, seven hundred and thirty-nine thousand, eight hundred and eighty-two </font><font style="font-style: italic; line-height: inherit;">Reais</font><font style="line-height: inherit;"> and twenty-nine cents of </font><font style="font-style: italic; line-height: inherit;">Real</font><font style="line-height: inherit;">) be as follows: </font></font></p>
<p style="font-size: 11pt; line-height: 1.2; margin: 4pt 0pt 9.6pt 62pt; text-align: justify; text-indent: -26pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-weight: normal; letter-spacing: 0.8pt; line-height: inherit;">(a)</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;">R$ 118,136,994.11 </font><font style="line-height: inherit;">(</font><font style="line-height: inherit;">one hundred and eighteen million, one hundred and thirty-six thousand, nine hundred and ninety-four </font><font style="font-style: italic; line-height: inherit;">Reais</font><font style="line-height: inherit;"> and eleven cents</font><font style="line-height: inherit;"> of </font><font style="font-style: italic; line-height: inherit;">Reais</font><font style="line-height: inherit;">)</font> <font style="line-height: inherit;">allocated to the legal </font><font style="line-height: inherit;">reserve;</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 4pt 0pt 9.6pt 64pt; text-align: justify; text-indent: -28pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-weight: normal; line-height: inherit;">(b)</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="letter-spacing: 0.8pt; line-height: inherit;">R$ </font><font style="line-height: inherit;">1</font><font style="line-height: inherit;">,</font><font style="line-height: inherit;">475</font><font style="line-height: inherit;">,</font><font style="line-height: inherit;">331</font><font style="line-height: inherit;">,</font><font style="line-height: inherit;">276</font><font style="line-height: inherit;">.</font><font style="line-height: inherit;">73 </font><font style="line-height: inherit;">(</font><font style="line-height: inherit;">one billion, four hundred and seventy-five million, three hundred and thirty-one thousand, two hundred and seventy-six </font><font style="font-style: italic; line-height: inherit;">Reais</font><font style="line-height: inherit;"> and seventy-three cents</font><font style="line-height: inherit;"> of </font><font style="font-style: italic; line-height: inherit;">Reais</font><font style="line-height: inherit;">) allocated</font> <font style="line-height: inherit;">to</font><font style="line-height: inherit;"> the</font><font style="line-height: inherit;"> statutory reserve</font><font style="line-height: inherit;"> for investments</font><font style="line-height: inherit;">;</font><font style="line-height: inherit;"> and</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 4pt 0pt 9.6pt 62pt; text-align: justify; text-indent: -26pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-weight: normal; line-height: inherit;">(c)</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;">R$ 769</font><font style="line-height: inherit;">,</font><font style="line-height: inherit;">271</font><font style="line-height: inherit;">,</font><font style="line-height: inherit;">611</font><font style="line-height: inherit;">.</font><font style="line-height: inherit;">45 </font><font style="line-height: inherit;">(</font><font style="line-height: inherit;">seven hundred and sixty-nine million, two hundred and seventy-one thousand, six hundred and eleven </font><font style="font-style: italic; line-height: inherit;">Reais</font><font style="line-height: inherit;"> and forty-five cents</font><font style="line-height: inherit;"> of </font><font style="font-style: italic; line-height: inherit;">Reais</font><font style="line-height: inherit;">) allocated </font><font style="line-height: inherit;">to</font><font style="line-height: inherit;"> the payment of </font><font style="line-height: inherit;">dividends</font><font style="line-height: inherit;"> to </font><font style="line-height: inherit;">Ultrapar&#8217;s</font><font style="line-height: inherit;">&nbsp;shareholders</font><font style="line-height: inherit;">, equivalent to R$</font> <font style="line-height: inherit;">0.</font><font style="line-height: inherit;">70</font><font style="line-height: inherit;"> per share</font><font style="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-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">We provide detailed information regarding the proposal for allocation of net income for the fiscal year ended December 31</font><font style="vertical-align: super; line-height: inherit;">st</font><font style="line-height: inherit;">, </font><font style="line-height: inherit;">202</font><font style="line-height: inherit;">4</font><font style="line-height: inherit;"> in </font><font style="font-weight: bold; line-height: inherit;">Exhibit IV</font><font style="line-height: inherit;">, under the terms of </font><font style="line-height: inherit;">R</font><font style="line-height: inherit;">CVM 81</font><font style="line-height: inherit;">/22</font><font style="line-height: inherit;">. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Management </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">R</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">ecommendation</font><font style="line-height: inherit;">: approval of the proposal for allocation of net income</font><font style="line-height: inherit;">.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">1.</font><font style="font-style: italic; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">3</font><font style="font-style: italic; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">) </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">Establishment of</font><font style="font-style: italic; font-weight: bold; line-height: inherit;"> the number of members to be elected to the Board of Directors</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">The Bylaws in force provide that the Board of Directors shall be </font><font style="line-height: inherit;">composed</font><font style="line-height: inherit;"> of at least 5 and at most 11 members. Thus, according to the understanding expressed by the CVM, the shareholders </font><font style="line-height: inherit;">must</font><font style="line-height: inherit;"> first vote on the number of members that will </font><font style="line-height: inherit;">integrate</font><font style="line-height: inherit;"> the Board of Directors for the next term and, subsequently, elect the </font><font style="line-height: inherit;">board</font><font style="line-height: inherit;"> of directors. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">The proposal is that the Board of Directors </font><font style="line-height: inherit;">is</font><font style="line-height: inherit;"> composed of 9 members.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">That way</font><font style="line-height: inherit;">, the current number of members approved at the Company's last Annual General Meeting that elected its Board of Directors will be maintained, ensuring the adequate organization of the Company's strategic agenda and </font><font style="line-height: inherit;">deepening of the topics for decision-making</font><font style="line-height: inherit;">.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Management </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">r</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">ecommendation</font><font style="line-height: inherit;">: approval </font><font style="line-height: inherit;">of</font> <font style="letter-spacing: 0.8pt; line-height: inherit;">9</font><font style="line-height: inherit;"> members to comp</font><font style="line-height: inherit;">ose</font> <font style="line-height: inherit;">Ultrapar's</font><font style="line-height: inherit;"> Board of Directors for <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;">the next term</font>.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">1.4)</font><font style="font-style: italic; font-weight: bold; line-height: inherit;"> Election of the slate that will compose the Board of Directors</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font><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;">Pursuant to article 19 of the Company's Bylaws, w</font>e propose the election of the following slate to compose the Board of Directors, with a term of office of 2 years:</font><br></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt;"><img src="img1c82473f70ff4919a6a5.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;"><font>The proposed slate reflects the continuity of Ultrapar's planned consolidation as a long-term capital allocator, generating value in its existing businesses in the portfolio and maintains a majority of independent members.</font></font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font>In appointing this slate, the Board of Directors aimed to balance relevant experience and skills for the Company, based on the Strategic Plan and future needs of Ultrapar and its businesses, with emphasis on its role as a holding company, as well as a balanced composition of qualifications and experiences to constituite a Board of Directors that is active in making decisions on Ultrapar's strategic issues. The chart below summarizes the main qualifications and experiences of Board candidates considered in this process:&nbsp;</font></p>








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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;"><img src="img4d10bbf1c110420a9ec7.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"></font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font>It is noteworthy that this slate combines candidates who are currently members of the Board of Directors, preserving knowledge of the business and of Ultrapar, together with a new candidate, with relevant experience in technology, important for the current moment of review of the technology platforms of the Company and its subsidiaries. The table below summarizes how these experiences and skills are related to the main characteristics of our businesses:</font></p>
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<p align="center" style="margin: 0in; text-align: center; line-height: 107%; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><b><font style="font-size: 10pt; color: #041373;">Businesses
  features</font></b></font></p>



  </td>
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<p align="center" style="margin: 0in; text-align: center; line-height: 107%; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><b><font style="font-size: 10pt; color: #041373;">Relevant experiences and skills</font></b></font></p>



  </td>




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<p align="center" style="margin: 0in; text-align: center; line-height: 107%; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><b><font style="font-size: 10pt; color: #041373;">&nbsp;</font></b></font></p>



  </td>
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<p align="center" style="margin: 0in; text-align: center; line-height: 107%; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><b><font style="font-size: 10pt; color: #041373;">&nbsp;</font></b></font></p>



  </td>




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<p style="margin: 0in; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; color: #000000;">Ultrapar is a holding company
  operating in different segments through a business portfolio, which increases
  the complexity of the company's management</font></font></p>



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<p style="margin: 0in; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; color: #000000;">M&amp;A, portfolio
  management, people management and international experience</font></font></p>



  </td>




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<td style="border-right: 1pt solid #a6a6a6; border-bottom: 1pt solid #a6a6a6; border-left: 1pt solid #a6a6a6; border-image: initial; border-top: none; padding: 0in 3.5pt; height: 42px;">
<p style="margin: 0in; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; color: #000000;">The Company's businesses are inserted
  in the fuel distribution, LPG distribution for households, commercial and
  industrial customers, port infrastructure and convenience retail sectors, in
  which they have competitive advantages and present relevant investment
  opportunities in Brazil</font></font></p>



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<p style="margin: 0in; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; color: #000000;">Extensive knowledge in the
  oil &amp; gas chain, infrastructure, retail and international experience</font></font></p>



  </td>




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<p style="margin: 0in; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; color: #000000;">The sectors in which the
  businesses operate are highly regulated and require relationships with
  various governmental and non-governmental institutions</font></font></p>



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<p style="margin: 0in; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; color: #000000;">Institutional relations and
  knowledge of regulatory affairs</font></font></p>



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<td style="border-right: 1pt solid #a6a6a6; border-bottom: 1pt solid #a6a6a6; border-left: 1pt solid #a6a6a6; border-image: initial; border-top: none; padding: 0in 3.5pt; height: 42px;">
<p style="margin: 0in; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; color: #000000;">The energy transition to a
  low carbon economy and the ESG agenda, in the context of companies and
  society, will require adaptation of the Company's businesses over time</font></font></p>



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<p style="margin: 0in; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; color: #000000;">Knowledge about energy
  transition, sustainability and international experience</font></font></p>



  </td>




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<td style="border-right: 1pt solid #a6a6a6; border-bottom: 1pt solid #a6a6a6; border-left: 1pt solid #a6a6a6; border-image: initial; border-top: none; padding: 0in 3.5pt; height: 42px;">
<p style="margin: 0in; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; color: #000000;">The Board's responsibilities
  include knowledge of financial statements and funding lines available
  globally, in addition to establishing and ensuring effective corporate
  governance policies and procedures</font></font></p>



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<p style="margin: 0in; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; color: #000000;">Corporate governance, finance
  and international experience</font></font></p>



  </td>




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<td style="border-right: 1pt solid #a6a6a6; border-bottom: 1pt solid #a6a6a6; border-left: 1pt solid #a6a6a6; border-image: initial; border-top: none; padding: 0in 3.5pt; height: 31px;">
<p style="margin: 0in; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; color: #000000;">Necessity to update the
  technology and artificial intelligence platform, with emphasis on renewing
  the businesses' ERP systems, as well as their satellite systems</font></font></p>



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<p style="margin: 0in; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="mso-bookmark: _Hlk192760143;"><font style="font-size: 10pt; font-family: Aptos, sans-serif; color: #000000;"><font style="font-family: 'times new roman', times;">Technology and change
  management</font> </font></font></p>



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<p style="font-size: 10pt; line-height: 1.2; margin: 0px auto; text-align: justify;"><font style="width: 8.5in;"><font>Moreover, on December 16, 2024, the Company updated on its succession plan, in accordance with the new governance design for the Company and its subsidiaries. On the occasion, it was informed that Mr. Marcos Marinho Lutz would be opportunely appointed by the Company's management to (i) compose the slate for the election of the Board of Directors; and (ii) hold the position of Chairman of the Board of Directors, ceasing to exercise the role of Chief Executive Officer of the Company.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px auto; text-align: justify;"><font style="width: 8.5in;"><font><br></font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px auto; text-align: justify;"><font style="width: 8.5in;"><font>In a meeting held on March 14, 2025, of which the minutes are filled at the CVM and Company&#8217;s website, the Board of Directors evaluated and confirmed the adherence of each candidate to the Corporate Nomination Policy for Members of the Board of Directors, as well as the framework of each candidate as an independent director, in light of the provisions of the New Market Regulation and the declaration of independence presented by the candidates. The characterization of the independence of the members shall be confirmed by the Meeting.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px auto; text-align: justify;"><font style="width: 8.5in;"><font><br></font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times; margin: 0px auto;"><font style="width: 8.5in;">Information regarding the candidates' professional experience is available in </font><font style="font-weight: bold; line-height: inherit; margin: 0px auto;"><font style="width: 8.5in; ;font-weight: normal;">Anne</font>x V</font><font style="line-height: inherit;">, corresponding to items 7.3 to 7.6 of the Reference Form.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">It is also worth mentioning the possibility of adopting the multiple voting process for the election of members of the Board of Directors, </font><font style="line-height: inherit;">provided that</font><font style="line-height: inherit;"> it is </font><font style="line-height: inherit;">required</font><font style="line-height: inherit;"> by shareholders representing at least 5% of the common shares, and provided that they do so in writing, up to 48 hours </font><font style="line-height: inherit;">prior to</font><font style="line-height: inherit;"> the Meeting, in accordance with the </font><font style="line-height: inherit;">Brazilian </font><font style="line-height: inherit;">Corporate</font><font style="line-height: inherit;"> Law and RCVM 70. In this case, </font><font style="line-height: inherit;">the election will not be held </font><font style="line-height: inherit;">by slate as described in article 20 of the Company's Bylaws, and each common share will have as many votes as there are seats to be filled on the Board, and shareholders may cumulate their votes for one or more candidates.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Management </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">R</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">ecommendation</font><font style="line-height: inherit;">: approval of</font><font style="line-height: inherit;"> the slate proposed </font><font style="letter-spacing: 0.8pt; line-height: inherit;">by the</font><font style="line-height: inherit;"> Board of Directors.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">1.5) </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">Establishment</font><font style="font-style: italic; font-weight: bold; line-height: inherit;"> of the </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">Management</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">&#8216;</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">s </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">global</font><font style="font-style: italic; font-weight: bold; line-height: inherit;"> compensation</font> </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">The proposal for the annual </font><font style="line-height: inherit;">global</font><font style="line-height: inherit;"> limit on </font><font style="line-height: inherit;">m</font><font style="line-height: inherit;">anagement compensation for the period between May 202</font><font style="line-height: inherit;">5</font><font style="line-height: inherit;"> and April 202</font><font style="line-height: inherit;">4</font><font style="line-height: inherit;"> is </font><font style="line-height: inherit;">R$ </font><font style="line-height: inherit;">10</font><font style="line-height: inherit;">5,000,000.00 (</font><font style="line-height: inherit;">one hundred and five</font><font style="line-height: inherit;"> million </font><font style="font-style: italic; line-height: inherit;">Reais</font><font style="line-height: inherit;">), of which</font> <font style="line-height: inherit;">R$ 12</font><font style="line-height: inherit;">,</font><font style="line-height: inherit;">500</font><font style="line-height: inherit;">,</font><font style="line-height: inherit;">000</font><font style="line-height: inherit;">.</font><font style="line-height: inherit;">00 </font><font style="line-height: inherit;">(</font><font style="line-height: inherit;">twelve million </font><font style="line-height: inherit;">and </font><font style="line-height: inherit;">five hundred </font><font style="font-style: italic; line-height: inherit;">Reais</font><font style="line-height: inherit;">) </font><font style="line-height: inherit;">will be</font><font style="line-height: inherit;"> allocated </font><font style="line-height: inherit;">for </font><font style="line-height: inherit;">the </font><font style="line-height: inherit;">members of the Board of Directors</font><font style="line-height: inherit;"> and </font><font style="line-height: inherit;">R$92.500.000,</font><font style="line-height: inherit;">00 </font><font style="line-height: inherit;">(</font><font style="line-height: inherit;">ninety-two million five hundred thousand </font><font style="font-style: italic; line-height: inherit;">Reais</font><font style="line-height: inherit;">)</font> <font style="line-height: inherit;">will be</font><font style="line-height: inherit;"> allocated</font><font style="line-height: inherit;"> for </font><font style="line-height: inherit;">the </font><font style="line-height: inherit;">members of the </font><font style="line-height: inherit;">Statutory </font><font style="line-height: inherit;">Executive</font><font style="line-height: inherit;"> Board. The </font><font style="line-height: inherit;">total amount proposed</font><font style="line-height: inherit;"> considers</font><font style="line-height: inherit;">: (</font><font style="line-height: inherit;">i</font><font style="line-height: inherit;">)</font> <font style="line-height: inherit;">compensation</font><font style="line-height: inherit;"> of the members of the Board of Directors</font><font style="line-height: inherit;">, of a fully fixed nature</font><font style="line-height: inherit;">; (ii) fixed compensation of the </font><font style="line-height: inherit;">Statutory </font><font style="line-height: inherit;">Executive Board (including fixed monthly installment and direct and indirect benefits); (iii) short-term variable compensation for the </font><font style="line-height: inherit;">Statutory </font><font style="line-height: inherit;">Executive Board, linked to financial and non-financial goals; (iv) long-term variable compensation based on shares for the </font><font style="line-height: inherit;">Statutory </font><font style="line-height: inherit;">Executive Board; and (v) post-employment benefit</font><font style="line-height: inherit;"> for the </font><font style="line-height: inherit;">Statutory </font><font style="line-height: inherit;">Executive Board</font><font style="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-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">The proposed annual global limit is</font><font style="line-height: inherit;"> the same as the </font><font style="line-height: inherit;">limit approved by the Annual and Extraordinary General </font><font style="line-height: inherit;">Shareholders&#8217; </font><font style="line-height: inherit;">Meeting held on April 1</font><font style="line-height: inherit;">7</font><font style="line-height: inherit;">th, 202</font><font style="line-height: inherit;">4</font><font style="line-height: inherit;"> (&#8220;202</font><font style="line-height: inherit;">4</font><font style="line-height: inherit;"> Meeting&#8221;), for the period from May 202</font><font style="line-height: inherit;">4</font><font style="line-height: inherit;"> to April 202</font><font style="line-height: inherit;">5</font><font style="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-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">The </font><font style="line-height: inherit;">global</font> <font style="line-height: inherit;">compensation</font><font style="line-height: inherit;"> estimated for the period between May 202</font><font style="line-height: inherit;">4</font><font style="line-height: inherit;"> and April 202</font><font style="line-height: inherit;">5</font><font style="line-height: inherit;"> is </font><font style="line-height: inherit;">4% lower than </font><font style="line-height: inherit;">that approved by the shareholders at the 202</font><font style="line-height: inherit;">4</font><font style="line-height: inherit;"> Meeting, </font><font style="line-height: inherit;">mainly due to the achievement of the variable remuneration (ICP) below the maximum </font><font style="line-height: inherit;">forecast</font><font style="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-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">We </font><font style="line-height: inherit;">emphasize </font><font style="line-height: inherit;">that the amounts </font><font style="line-height: inherit;">informed</font><font style="line-height: inherit;"> in this compensation proposal differ from those of </font><font style="font-weight: bold; line-height: inherit;">Exhibit VI</font><font style="line-height: inherit;">,</font> <font style="line-height: inherit;">due to the non-correspondence between the periods contemplated in each document</font><font style="line-height: inherit;">. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Management </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">R</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">ecommendation</font><font style="line-height: inherit;">: approval of the proposal</font><font style="line-height: inherit;"> for</font> <font style="line-height: inherit;">the </font><font style="line-height: inherit;">Management&#8217;s compensation.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt 18pt; text-align: justify; text-indent: -18pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-weight: bold; line-height: inherit;">2)</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;&nbsp;&nbsp; </font><font style="font-weight: bold; line-height: inherit;">At the Extraordinary General Shareholders&#8217; Meeting:</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">2.</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">1</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">) </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">Ratification of the change in the number of common shares into which the Company&#8217;s capital stock is divided, due to the partial exercise of the rights conferred by the subscription warrants issued by the Company as of the approval of the merger of shares issued by </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">Imifarma</font> <font style="font-style: italic; font-weight: bold; line-height: inherit;">Produtos</font> <font style="font-style: italic; font-weight: bold; line-height: inherit;">Farmac&#234;uticos</font><font style="font-style: italic; font-weight: bold; line-height: inherit;"> e </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">Cosm&#233;ticos</font><font style="font-style: italic; font-weight: bold; line-height: inherit;"> S.A. by the Company by the Extraordinary General Shareholders&#8217; Meeting held on January 31s t, 2014</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">Due to the partial exercise of such subscription warrants on </font><font style="line-height: inherit;">February,</font><font style="line-height: inherit;"> 26</font><font style="vertical-align: super; line-height: inherit; font-size: 8pt;">th</font><font style="line-height: inherit;">, 2025</font><font style="line-height: inherit;">, </font><font style="line-height: inherit;">67</font><font style="line-height: inherit;">,6</font><font style="line-height: inherit;">79</font><font style="line-height: inherit;"> (sixty seven thousand, six hundred and seventy nine) common shares were issued within the authorized capital limit, as provided for in article 6 of the Company's Bylaws. As a result of such issuance, the Company's capital stock is now represented by 1,115,</font><font style="line-height: inherit;">507</font><font style="line-height: inherit;">,</font><font style="line-height: inherit;">182</font><font style="line-height: inherit;"> (one billion, one hundred and fifteen million, five hundred and seven thousand, one hundred and </font><font style="line-height: inherit;">eighty</font><font style="line-height: inherit;">-two</font><font style="line-height: inherit;">) common shares, all registered and with no par value. Considering that no additional payment was due </font><font style="line-height: inherit;">for</font><font style="line-height: inherit;"> the exercise of subscription warrants, the issuance did not result in a change in the amount of the capital stock. </font><font style="line-height: inherit;">In order to</font><font style="line-height: inherit;"> reflect the issuances already effected as mentioned above, the Management also proposes the change of the wording of the caption of Article 5 of the Company&#8217;s Bylaws, according to the comparative table of the Bylaws contained in </font><font style="font-weight: bold; line-height: inherit;">Exhibit I</font><font style="line-height: inherit;"> to this Proposal.</font></font></p>

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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Management </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">R</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">ecommendation</font><font style="line-height: inherit;">: approval of the proposal for the ratification of the change in the number of common shares into which the Company&#8217;s capital stock is divided</font><font style="line-height: inherit;">.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">2.2) </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">Approval of the increase in the Company's capital stock, through the capitalization of part of the profit reserves, without the issuance of new shares, with the consequent amendment of Article 5 of the Bylaws currently in force </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">We propose to increase the capital stock in the total amount of </font><font style="line-height: inherit;">R$ 1,365,348,231.82 </font><font style="line-height: inherit;">(</font><font style="line-height: inherit;">one billion, three hundred and sixty-five million, three hundred and forty-eight thousand, two hundred and thirty-one </font><font style="font-style: italic; line-height: inherit;">Reais</font><font style="line-height: inherit;"> and eighty-two cent</font><font style="line-height: inherit;"> of </font><font style="font-style: italic; line-height: inherit;">Reais</font><font style="line-height: inherit;">), without the issuance of new shares, through the incorporation to the capital stock of part of the resources registered in the statutory reserve</font><font style="line-height: inherit;"> for investments</font><font style="line-height: inherit;">, considering that the balance of the profit reserves exceeded the Company's capital stock, with the consequent need to amend the Company's Bylaws, as per the proposal included in item 2.</font><font style="line-height: inherit;">4</font><font style="line-height: inherit;"> described below. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">Information related to this item is available in </font><font style="font-weight: bold; line-height: inherit;">Exhibit </font><font style="font-weight: bold; line-height: inherit;">VII</font><font style="line-height: inherit;">, under the terms of Annex a C of RCVM 81. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Management </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">R</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">ecommendation</font><font style="line-height: inherit;">: approval of the proposal to increase the Company's capital stock.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">2.</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">3</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">) </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">Approval of the amendment to the </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">powers</font><font style="font-style: italic; font-weight: bold; line-height: inherit;"> of the Company's Board of Directors, as detailed in the Management Proposal disclosed to the market on this date, with the consequent amendment of the Company's Bylaws</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">Management proposes the approval of the amendment to </font><font style="line-height: inherit;">the </font><font style="line-height: inherit;">powers</font><font style="line-height: inherit;"> of the Company's Board of Directors</font><font style="line-height: inherit;"> provided in article 27 of the Company&#8217;s Bylaws to (</font><font style="line-height: inherit;">i</font><font style="line-height: inherit;">) exclude </font><font style="line-height: inherit;">the competence to approve shareholder agreements of subsidiaries given that this </font><font style="line-height: inherit;">assignment</font><font style="line-height: inherit;"> became responsibility of the Boards of Directors of each subsidiary</font><font style="line-height: inherit;">; and (ii) provide </font><font style="line-height: inherit;">more clarity and guidance on the topics related to transactions with related parties and </font><font style="line-height: inherit;">indebtedness </font><font style="line-height: inherit;">with third parties that do not require prior approval from </font><font style="line-height: inherit;">Ultrapar's</font><font style="line-height: inherit;"> Board of Directors.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">Information regarding items 2.1, 2.2 and 2.3, including the justifications that give rise to such changes, </font><font style="line-height: inherit;">are</font><font style="line-height: inherit;"> available in the comparative table of the Bylaws contained in </font><font style="font-weight: bold; line-height: inherit;">Exhibit</font> <font style="font-weight: bold; line-height: inherit;">I</font><font style="line-height: inherit;"> of this Proposal, </font><font style="line-height: inherit;">pursuant to</font><font style="line-height: inherit;"> RCVM 81.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Management </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">R</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">ecommendation</font><font style="line-height: inherit;">: approval of amendments to </font><font style="line-height: inherit;">Ultrapar's</font><font style="line-height: inherit;"> Bylaws.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">2.</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">4</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">)</font><font style="font-style: italic; font-weight: bold; line-height: inherit;"> Approval of the consolidation of the Bylaws, </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">in order to</font><font style="font-style: italic; font-weight: bold; line-height: inherit;"> reflect the changes proposed in the items above</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">Management proposes the consolidation of </font><font style="line-height: inherit;">Ultrapar&#8217;s</font><font style="line-height: inherit;"> Bylaws </font><font style="line-height: inherit;">in order to</font><font style="line-height: inherit;"> reflect the changes described in items 2.</font><font style="line-height: inherit;">1</font><font style="line-height: inherit;">, </font><font style="line-height: inherit;">2.2 </font><font style="line-height: inherit;">and 2.3 </font><font style="line-height: inherit;">of this Proposal. </font><font style="font-weight: bold; line-height: inherit;">Exhibit I</font><font style="line-height: inherit;"> of this </font><font style="line-height: inherit;">document</font> <font style="line-height: inherit;">contains</font><font style="line-height: inherit;"> the comparative table of the proposed amendments to the Bylaws, in addition to the respective justifications, pursuant to </font><font style="line-height: inherit;">R</font><font style="line-height: inherit;">CVM 81.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">Management </font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">R</font><font style="font-weight: bold; text-decoration: underline; line-height: inherit;">ecommendation</font><font style="line-height: inherit;">: </font><font style="line-height: inherit;">approval of the proposal to consolidate </font><font style="line-height: inherit;">Ultrapar's</font><font style="line-height: inherit;"> Bylaws</font><font style="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-size: 10pt; font-weight: bold; line-height: inherit;">Access to documents and information</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">Pursuant to </font><font style="line-height: inherit;">Ultrapar's</font><font style="line-height: inherit;"> Bylaws and RCVM 81, the documents and information related to the matters to be resolved, including the remote voting ballots and any other matters relevant to the exercise of the right to vote at the Meeting, were submitted to the CVM, and are available on the CVM </font><font style="line-height: inherit;">website (</font><font style="line-height: inherit;">www.cvm.gov.br</font><font style="line-height: inherit;">), </font><font style="line-height: inherit;">at</font><font style="line-height: inherit;"> the Company's headquarters, on B3&#8217;</font><font style="line-height: inherit;">s</font><font style="line-height: inherit;"> website (</font><font style="line-height: inherit;">www.b3.com.br</font><font style="line-height: inherit;">) and on the Company&#8217;s website (</font><font style="line-height: inherit;">ri.ultra.com.br</font><font style="line-height: inherit;">).</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: center; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">S&#227;o Paulo, </font><font style="line-height: inherit;">March</font><font style="line-height: inherit;"> 1</font><font style="line-height: inherit;">4<font style="font-size: 8pt;"><sup>th</sup></font></font><font style="line-height: inherit;">, 202</font><font style="line-height: inherit;">5</font><font style="line-height: inherit;">.</font></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; letter-spacing: 0.8pt; line-height: inherit;">&nbsp;</font><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: 0pt 0pt 6pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Jorge Marques de Toledo Camargo</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Chairman of the Board of Directors</font></p>








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<div style="margin: 0pt; text-align: center; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Bexi_112202573653512" class="customBookmark"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Exhibit I &#8211; Report on the source and rationale for the proposed amendments to the Bylaws of </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Ultrapar</font> <font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Participa&#231;&#245;es</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> S.A.</font></a></div>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&nbsp;</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">BYLAWS</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">C</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">HAPTER</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> I</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Name, Headquarters, Purpose and Term</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><br></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Arti</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">cle</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company is an authorized capital company</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">sociedade</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;"> de capital </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">autorizado</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">).</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The name of the Company is </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">U</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">LTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">BYLAWS</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER I</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Name, Headquarters, Purpose and Term</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; 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: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company is an authorized capital company (</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">sociedade</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;"> de capital </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">autorizado</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">).&nbsp; The name of the Company is ULTRAPAR PARTICIPA&#199;&#213;ES S.A</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">BYLAWS</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER I</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Name, Headquarters, Purpose and Term</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; 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: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company is an authorized capital company (</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">sociedade</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;"> de capital </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">autorizado</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">).&nbsp; The name of the Company is ULTRAPAR PARTICIPA&#199;&#213;ES S.A</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company&#8217;s listing on the New Market (</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">) special segment of B3 S.A. &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Brasil</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, Bolsa, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Balc&#227;o</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> (&#8220;B3&#8221;) subjects the Company, its shareholders including controlling shareholders, if applicable, its management and members of the Fiscal Council, if installed, to the Regulations of the New Market of B3 (&#8220;New Market Regulation&#8221;)</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company&#8217;s listing on the New Market (</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">) special segment of B3 S.A. &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Brasil</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, Bolsa, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Balc&#227;o</font><font style="font-family: Aptos; font-size: 10pt; word-spacing: -2px; line-height: inherit;"> (&#8220;B3&#8221;) subjects the Company, its&nbsp; shareholders including controlling shareholders, if applicable, its management and members of the Fiscal Council, if installed, to the Regulations of the New Market of B3 (&#8220;New Market Regulation&#8221;)</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> The Company&#8217;s listing on the New Market (</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">Novo Mercado</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">) special segment of B3 S.A. &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Brasil</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, Bolsa, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Balc&#227;o</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> (&#8220;B3&#8221;) subjects the Company, its shareholders including controlling shareholders, if applicable, its management and members of the Fiscal Council, if installed, to the Regulations of the New Market of B3 (&#8220;New Market Regulation&#8221;).</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Arti</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">cle</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company&#8217;s headquarters and jurisdiction are located in the city of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">S&#227;o Paulo, State of S&#227;o Paulo</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company&#8217;s headquarters and jurisdiction are located in the city of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">S&#227;o Paulo, State of S&#227;o Paulo</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company&#8217;s headquarters and jurisdiction are located in the city of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">S&#227;o Paulo, State of S&#227;o Paulo</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 3</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The purpose of the Company is to invest its own capital in commerce, industry, agriculture and service provision, through the subscription or acquisition of shares or quotas of other companies, as well as the provision of the services usually provided by a holding company for businesses management. </font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 3</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The purpose of the Company is to invest its own capital in commerce, industry, agriculture and service provision, through the subscription or acquisition of shares or quotas of other companies, as well as the provision of the services usually provided by a holding company for business</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">es</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> management</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 3</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The purpose of the Company is to invest its own capital in commerce, industry, agriculture and service provision, through the subscription or acquisition of shares or quotas of other companies, as well as the provision of the services usually provided by a holding company for businesses management. </font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Arti</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">cle</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 4</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company is organized for an indefinite term</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 4</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company is organized for an indefinite term</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 4</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company is organized for an indefinite term</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">C</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">HAPTER</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> II</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Capital S</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">tock and Shares</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Arti</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">cle</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 5</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The subscribed and paid-in capital stock is R$ 6,621,751,608.08 (six billion, six hundred and twenty-one million, seven hundred and fifty-one thousand, six hundred and eight Reais and eight cents) represented by </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">one billion, one hundred and fifteen million, four hundred and four thousand, two hundred and sixty-eight (1,115,404,268) nominative common shares, with no par value, and with no issuance of preferred shares or founder&#8217;s shares permitted</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER II</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Capital Stock and Shares</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 5</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The subscribed and paid-in capital stock is </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">R$ 7,987,099,839.90 (seven billion, nine hundred and eighty-seven million, ninety-nine thousand, eight hundred and thirty-nine Reais and ninety cents)</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;">represented by </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">one billion, one hundred and fifteen million, five hundred and seven thousand, one hundred and eighty-two (1,115,507,182) </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">nominative common shares, with no par value, and with no issuance of preferred shares or founder&#8217;s shares permitted</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> </p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER II</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Capital Stock and Shares</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 5</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The subscribed and paid-in capital stock is</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font> <font style="color: #1f497d; font-family: Aptos; font-size: 10pt; text-decoration: underline; line-height: inherit;">R$ 7,987,099,839.90 (seven billion, nine hundred and eighty-seven million, ninety-nine thousand, eight hundred and thirty-nine Reais and ninety cents)</font><font style="font-family: Aptos; font-size: 10pt; text-decoration: underline; line-height: inherit;">&nbsp;</font><font style="color: #ff0000; font-family: Aptos; font-size: 10pt; text-decoration: line-through; line-height: inherit;">R$ 6,621,751,608.08 (six billion, six hundred and twenty-one million, seven hundred and fifty-one thousand, six hundred and eight Reais and eight cents) </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">represented by</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; text-decoration: underline; line-height: inherit;">one billion, one hundred and fifteen million, five hundred and seven thousand, one hundred and eighty-two (1,115,507,182)</font> <font style="color: #ff0000; font-family: Aptos; font-size: 10pt; text-decoration: line-through; line-height: inherit;">one billion, one hundred and fifteen million, two hundred and four thousand,</font><font style="font-family: Aptos; font-size: 10pt; text-decoration: line-through; line-height: inherit; color: rgb(255, 0, 0);">&nbsp;<font style="font-family: Aptos; 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;">two hundred and sixty-eight</font> (1,115,404,268)</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;">nominative common shares, with no par value, and with no issuance of preferred shares or founder&#8217;s shares permitted.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Adjustments to reflect (</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">i</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">) the capital increase, through the capitalization of part of the profit reserves, without the issuance of new shares, and (ii)</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;">the change in the number of common shares into which the Company's share capital is divided, due to the partial exercise of the rights conferred by subscription warrants issued by the Company upon the incorporation of shares of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Imifarma</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Produtos</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Farmac&#234;uticos</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> e </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Cosm&#233;ticos</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> S.A., approved by the Extraordinary General Meeting of January 31, 2014.</font></p>




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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167;1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">All of the Company shares are in book-entry form and held in a deposit account with a financial institution authorized by the Brazilian Securities and Exchange Commission &#8211; CVM, in the name of their holders, without certificates issued</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167;1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">All of the Company shares are in book-entry form and held in a deposit account with a financial institution authorized by the Brazilian Securities and Exchange Commission &#8211; CVM, in the name of their holders, without certificates issued</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167;1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">All of the Company shares are in book-entry form and held in a deposit account with a financial institution authorized by the Brazilian Securities and Exchange Commission &#8211; CVM, in the name of their holders, without certificates issued.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167;2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The transfer and record cost, as well as the cost of the services relating to the book-entry shares, may be charged directly to the shareholder by the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">bookkeeping institution, as set forth in the stock bookkeeping agreement</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167;2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The transfer and record cost, as well as the cost of the services relating to the book-entry shares, may be charged directly to the shareholder by the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">bookkeeping institution, as set forth in the stock bookkeeping agreement</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167;2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The transfer and record cost, as well as the cost of the services relating to the book-entry shares, may be charged directly to the shareholder by the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">bookkeeping institution, as set forth in the stock bookkeeping agreement.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 6</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company is authorized to increase its capital stock up to the limit of one billion and six hundred million (1,600,000,000) common shares, by resolution of the Board of Directors, notwithstanding any amendment to the Bylaws</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 6</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company is authorized to increase its capital stock up to the limit of one billion and six hundred million (1,600,000,000) common shares, by resolution of the Board of Directors, notwithstanding any amendment to the Bylaws</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 6</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company is authorized to increase its capital stock up to the limit of one billion and six hundred million (1,600,000,000) common shares, by resolution of the Board of Directors, notwithstanding any amendment to the Bylaws.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 7</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The subscription and payment of shares issued by the Company shall follow the criteria provided for in this Article</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">:</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 7</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The subscription and payment of shares issued by the Company shall follow the criteria provided for in this Article</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">:</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 7</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The subscription and payment of shares issued by the Company shall follow the criteria provided for in this Article:</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a) </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">up to the limit of the authorized capital, the issuance, amount, price and term for payment of the shares to be issued by the Company shall be provided for by the Board of Directors</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b) </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">the resolution to increase the capital stock for payment in assets, other than monetary credits, may only be made at a Shareholders&#8217; Meeting; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c) </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">upon the issuance of new shares, debentures convertible into shares or subscription warrants offered on a stock exchange, public subscription or share exchange in a tender offer for the acquisition of corporate control, the Board of Directors may waive the preemptive rights of the shareholders or reduce the period for the exercise </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">thereof</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a) </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">up to the limit of the authorized capital, the issuance, amount, price and term for payment of the shares to be issued by the Company shall be provided for by the Board of Directors</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b) </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">the resolution to increase the capital stock for payment in assets, other than monetary credits, may only be made at a Shareholders&#8217; Meeting; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c) </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">upon the issuance of new shares, debentures convertible into shares or subscription warrants offered on a stock exchange, public subscription or share exchange in a tender offer for the acquisition of corporate control, the Board of Directors may waive the preemptive rights of the shareholders or reduce the period for the exercise </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">thereof</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a) up to the limit of the authorized capital, the issuance, amount, price and term for payment of the shares to be issued by the Company shall be provided for by the Board of Directors;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b) the resolution to increase the capital stock for payment in assets, other than monetary credits, may only be made at a Shareholders&#8217; Meeting; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c)</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> upon the issuance of new shares, debentures convertible into shares or subscription warrants offered on a stock exchange, public subscription or share exchange in a tender offer for the acquisition of corporate control, the Board of Directors may waive the preemptive rights of the shareholders or reduce the period for the exercise </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">thereof.</font> </p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>











</td>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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</tr>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 8</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company may grant shares or stock options through shares or stock option plans, approved by a Shareholders&#8217; Meeting, to the management and employees</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 8</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company may grant shares or stock options through shares or stock option plans, approved by a Shareholders&#8217; Meeting, to the management and employees</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 8</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company may grant shares or stock options through shares or stock option plans, approved by a Shareholders&#8217; Meeting, to the management and employees.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 9</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Each common share entitles the holder thereof to one vote for resolutions made at the Shareholders&#8217; Meetings</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. </font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 9</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Each common share entitles the holder thereof to one vote for resolutions made at the Shareholders&#8217; Meetings</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 9</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. Each common share entitles the holder thereof to one vote for resolutions made at the Shareholders&#8217; Meetings. </font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>19</font></font></td>









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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<tr style="height: 15.85pt;">
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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> III</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Shareholders&#8217; Meetings</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 10</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The annual Shareholders&#8217; Metting shall be called by the Board of Directors within the first </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">4</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> months upon conclusion of the fiscal year and extraordinary meetings shall be held whenever the Company&#8217;s interest shall so require</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. </font></p>
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</td>
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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> III</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Shareholders&#8217; Meetings</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 10</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The annual Shareholders&#8217; Meeting shall be called by the Board of Directors within the first 4 months upon conclusion of the fiscal year and extraordinary meetings shall be held whenever the Company&#8217;s interest shall so require</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER III</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Shareholders&#8217; Meetings</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 10</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The annual Shareholders&#8217; Meeting shall be called by the Board of Directors within the first 4</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">months upon conclusion of the fiscal year and extraordinary meetings shall be held whenever the Company&#8217;s interest shall so require. </font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Documents pertaining to the matters to be deliberated upon at the Shareholders&#8217; Meetings shall be made available to the shareholders, at the Company&#8217;s headquarters, at the date of publication of the first call notice, except if a longer period for making such documents available is otherwise required by law or applicable regulations</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Documents pertaining to the matters to be deliberated upon at the Shareholders&#8217; Meetings shall be made available to the shareholders, at the Company&#8217;s headquarters, at the date of publication of the first call notice, except if a longer period for making such documents available is otherwise required by law or applicable regulations</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Documents pertaining to the matters to be deliberated upon at the Shareholders&#8217; Meetings shall be made available to the shareholders, at the Company&#8217;s headquarters, at the date of publication of the first call notice, except if a longer period for making such documents available is otherwise required by law or applicable regulations.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Shareholders&#8217; Meeting shall be </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">presided over by the Chairman of the Board of Directors or by whom he/she may designate. In the absence of the Chairman and of his/her designation, the Shareholders&#8217; Meeting shall be presided over by the Vice-Chairman of the Board of Directors, or by whom he/she may designate. The chairman of the Meeting shall choose one of the attendees to act as secretary of the meeting</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Shareholders&#8217; Meeting shall be </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">presided over by the Chairman of the Board of Directors or by whom he/she may designate. In the absence of the Chairman and of his/her designation, the Shareholders&#8217; Meeting shall be presided over by the Vice-Chairman of the Board of Directors, or by whom he/she may designate. The chairman of the Meeting shall choose one of the attendees to act as secretary of the meeting</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Shareholders&#8217; Meeting shall be </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">presided over by the Chairman of the Board of Directors or by whom he/she may designate. In the absence of the Chairman and of his/her designation, the Shareholders&#8217; Meeting shall be presided over by the Vice-Chairman of the Board of Directors, or by whom he/she may designate. The chairman of the Meeting shall choose one of the attendees to act as secretary of the meeting.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>20</font></font></td>









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<div style="width: 8.5in; margin: 0 auto;"><br>
<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: 28.15pt;">
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











</th>











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<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The chairman of the Meeting shall have the exclusive power, in compliance with the rules provided for in these Bylaws, to conduct the election of the members of the Board of Directors, including any decision relating to the number of votes of each shareholder</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The chairman of the Meeting shall have the exclusive power, in compliance with the rules provided for in these Bylaws, to conduct the election of the members of the Board of Directors, including any decision relating to the number of votes of each shareholder</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The chairman of the Meeting shall have the exclusive power, in compliance with the rules provided for in these Bylaws, to conduct the election of the members of the Board of Directors, including any decision relating to the number of votes of each shareholder.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 4&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">If the General Meeting is held in person, the shareholders who appear at the Shareholders&#8217; Meeting after its commencement may take part in the meeting, however they shall not be entitled to vote on any resolution</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 4&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">If the General Meeting is held in person, the shareholders who appear at the Shareholders&#8217; Meeting after its commencement may take part in the meeting, however they shall not be entitled to vote on any resolution</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 4&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">If the General Meeting is held in person, the shareholders who appear at the Shareholders&#8217; Meeting after its commencement may take part in the meeting, however they shall not be entitled to vote on any resolution.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font> </p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 11</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">In order to prove shareholder status, the Company shall require, within a period established in the call notice, an identity document and proof issued by the depositary institution. Shareholders represented by proxies must provide the proxies within the same period referred to in this Article. The original copies of the documents referred to herein must be</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">shown to the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company until the Shareholder&#8217;s Meeting is held, if held in person</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Shareholders may participate in the Shareholders' Meeting by means of a remote voting form, subject to the provisions of the regulations in force</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 11</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">In order to prove shareholder status, the Company shall require, within a period established in the call notice, an identity document and proof issued by the depositary institution. Shareholders represented by proxies must provide the proxies within the same period referred to in this Article. The original copies of the documents referred to herein must be shown to the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company until the Shareholder&#8217;s Meeting is held, if held in person</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Shareholders may participate in the Shareholders' Meeting by means of a remote voting form, subject to the provisions of the regulations in force</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 11.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">In order to prove shareholder status, the Company shall require, within a period established in the call notice, an identity document and proof issued by the depositary institution. Shareholders represented by proxies must provide the proxies within the same period referred to in this Article. The original copies of the documents referred to herein must be shown to the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company until the Shareholder&#8217;s Meeting is held, if held in person. </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Shareholders may participate in the Shareholders' Meeting by means of a remote voting form, subject to the provisions of the regulations in force.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





</td>





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<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>21</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>
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</div>
<div style="width: 8.5in; margin: 0 auto;"><br>
<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: 28.15pt;">
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











</th>











</tr>













<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company shall adopt the principle of good faith in verifying the validity of the documents demonstrating the representative capacity of shareholder, and will presume the truthfulness of the credible statements made to it; however, the shareholders who fail to present the respective power of attorney granted to their representatives, or the custodian&#8217;s statement, in the event the shares are recorded as held with a custodian institution, shall be prohibited from participating in the Meeting.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company shall adopt the principle of good faith in verifying the validity of the documents demonstrating the representative capacity of shareholder, and will presume the truthfulness of the credible statements made to it; however, the shareholders who fail to present the respective power of attorney granted to their representatives, or the custodian&#8217;s statement, in the event the shares are recorded as held with a custodian institution, shall be prohibited from participating in the Meeting.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company shall adopt the principle of good faith in verifying the validity of the documents demonstrating the representative capacity of shareholder, and will presume the truthfulness of the credible statements made to it; however, the shareholders who fail to present the respective power of attorney granted to their representatives, or the custodian&#8217;s statement, in the event the shares are recorded as held with a custodian institution, shall be prohibited from participating in the Meeting.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 12</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Resolutions of the Shareholders&#8217; Meeting shall require a majority vote of the attendees, not taking into account blank votes, except as otherwise provided for by law or in these Bylaws.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 12</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Resolutions of the Shareholders&#8217; Meeting shall require a majority vote of the attendees, not taking into account blank votes, except as otherwise provided for by law or in these Bylaws.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 12</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Resolutions of the Shareholders&#8217; Meeting shall require a majority vote of the attendees, not taking into account blank votes, except as otherwise provided for by law or in these Bylaws.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A.</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 13</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Minutes of the Shareholders&#8217; Meetings shall be kept with the requirements and signatures required by law.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 13</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Minutes of the Shareholders&#8217; Meetings shall be kept with the requirements and signatures required by law.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 13</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Minutes of the Shareholders&#8217; Meetings shall be kept with the requirements and signatures required by law.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A.</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 14</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Shareholders&#8217; Meeting shall determine the overall compensation of the members of the Board of Directors and of the executive officers, including any remuneration in shares.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 14</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Shareholders&#8217; Meeting shall determine the overall compensation of the members of the Board of Directors and of the executive officers, including any remuneration in shares.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 14</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Shareholders&#8217; Meeting shall determine the overall compensation of the members of the Board of Directors and of the executive officers, including any remuneration in shares.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Directors shall determine the compensation to be paid to the Chief Executive Officer and the other executive officers, considering the proposal of</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the People </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">and Sustainability </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Committee, in accordance with the amount set forth at the Shareholders&#8217; Meeting, in the introductory paragraph of this Article and the competencies </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">of the referred </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Committee, as provided for in Article 40 herein.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Directors shall determine the compensation to be paid to the Chief Executive Officer and the other executive officers, considering the proposal of the People and Sustainability Committee, in accordance with the amount set forth at the Shareholders&#8217; Meeting, in the introductory paragraph of this Article and the competencies of the referred Committee, as provided for in Article 40 herein.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Directors shall determine the compensation to be paid to the Chief Executive Officer and the other executive officers, considerin</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">g</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the proposal </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">of the People and Sustainability </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Committee, in accordance with the amount set forth at the Shareholders&#8217; Meeting, in the introductory paragraph of this Article and the competencies of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">the referred </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Committee, as provided for in Article 40 herein.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The members of the Board of Directors and the executive officers are entitled to profit sharing, as provided for by law.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The members of the Board of Directors and the executive officers are entitled to profit sharing, as provided for by law.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The members of the Board of Directors and the executive officers are entitled to profit sharing, as provided for by law.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<tr style="height: 15.85pt;">
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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER IV</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Management &#8211; General Rules</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 15</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company shall be managed by a Board of Directors and a Board of Executive Officers.</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER IV</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Management &#8211; General Rules</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 15</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The Company shall be managed by a Board of Directors and a Board of Executive Officers.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER IV</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Management &#8211; General Rules</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 15</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company shall be managed by a Board of Directors and a Board of Executive Officers.</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The commencement term of the directors and executive officers, which shall not require the posting of a bond, shall be contingent </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">upon their adhesion to the corporate policies adopted by the Company and execution of the respective deed of investiture, which shall include consent to the contents of Article 51 hereof. </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The commencement term of the directors and executive officers, which shall not require the posting of a bond, shall be contingent </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">upon their adhesion to the corporate policies adopted by the Company and execution of the respective deed of investiture, which shall include consent to the contents of Article 51 hereof. </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">commencement term of the directors and executive officers, which shall not require the posting of a bond, shall be contingent </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">upon their adhesion to the corporate policies adopted by the Company and execution of the respective deed of investiture, which shall include consent to the contents of Article 51 hereof. </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 36px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<tr style="height: 173px;">
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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER V</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section I &#8211; Members</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 16</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The Board of Directors shall be comprised of</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> at least</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> 5 and</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> at maximum</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> 11</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">members, all of whom shall be elected and removable at the Shareholders&#8217; Meeting, for a unified term of 2 years, with reelection being permitted.</font></p>
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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER V</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section I &#8211; Members</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 16</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The Board of Directors shall be comprised of, at least, 5 and, at maximum, 11 members, all of whom shall be elected and removable at the Shareholders&#8217; Meeting, for a unified term of 2 years, with reelection being permitted.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER V</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section I &#8211; Members</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 16</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The Board of Directors shall be comprised of</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> at least</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">5 and</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> at maximum</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">11</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">members, all of whom shall be elected and removable at the Shareholders&#8217; Meeting, for a unified term of 2</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">years, with reelection being permitted.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186; The positions of Chairman of the Board of Directors and Chief Executive Officer or principal execute of the Company may not be held by the same individual.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 69px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186; The positions of Chairman of the Board of Directors and Chief Executive Officer or principal execute of the Company may not be held by the same individual.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 69px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186; The positions of Chairman of the Board of Directors and Chief Executive Officer or principal execute of the Company may not be held by the same individual.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 69px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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</tr>
<tr style="height: 86px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 86px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Directors shall adopt Internal Bylaws that shall provide for, among other relevant matters, its own operation, and the rights and duties of its members, as well as their relationship with the Board of Executive Officers and other corporate bodies.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 86px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Directors shall adopt Internal Bylaws that shall provide for, among other relevant matters, its own operation, and the rights and duties of its members, as well as their relationship with the Board of Executive Officers and other corporate bodies.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 86px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Directors shall adopt Internal Bylaws that shall provide for, among other relevant matters, its own operation, and the rights and duties of its members, as well as their relationship with the Board of Executive Officers and other corporate bodies.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 86px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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</tr>
<tr style="height: 173px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 173px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Observed the requirements set forth in the Company&#8217;s corporate policies, the only persons eligible for election to the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Board of Directors, unless otherwise permitted by the Shareholders&#8217; Meeting, shall be those who, in addition to complying with legal and regulatory requirements have a well-regarded reputation, do not hold any position in a company which may be considered a competitor of the Company or its controlled companies, and do not have, nor represent, a conflicting interest with the Company&#8217;s interest or those of its controlled companies.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 173px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Observed the requirements set forth in the Company&#8217;s corporate policies, the only persons eligible for election to the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Board of Directors, unless otherwise permitted by the Shareholders&#8217; Meeting, shall be those who, in addition to complying with legal and regulatory requirements have a well-regarded reputation, do not hold any position in a company which may be considered a competitor of the Company or its controlled companies, and do not have, nor represent, a conflicting interest with the Company&#8217;s interest or those of its controlled companies.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 173px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Observed the requirements set forth in the Company&#8217;s corporate policies, the only persons eligible for election to the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Board of Directors, unless otherwise permitted by the Shareholders&#8217; Meeting, shall be those who, in addition to complying with legal and regulatory requirements have a well-regarded reputation, do not hold any position in a company which may be considered a competitor of the Company or its controlled companies, and do not have, nor represent, a conflicting interest with the Company&#8217;s interest or those of its controlled companies.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 173px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<tr style="height: 15.85pt;">
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 17</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Directors of the Company shall have, at least, 1/3 or 2, whichever is higher, independent members, pursuant to the New Market Regulation, and the classification of the appointed members of the Board of Directors as independent Directors shall be voted on the Shareholders Meeting that elect them.</font></p>
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</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 17</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Directors of the Company shall have, at least, 1/3 or 2, whichever is higher, independent members, pursuant to the New Market Regulation, and the classification of the appointed members of the Board of Directors as independent Directors shall be voted on the Shareholders Meeting that elect them.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 17</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Directors of the Company shall have, at least, 1/3 or 2</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> whichever is higher, independent members, pursuant to the New Market Regulation, and the classification of the appointed members of the Board of Directors as independent Directors shall be voted on the Shareholders Meeting that elect them.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph. When, as a result of compliance with the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">composition </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">referred to in the introductory paragraph of this Article, the number of Directors results in a fraction, such number will be rounded to the immediately higher whole number.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">When, as a result of compliance with the composition referred to in the introductory paragraph of this Article, the number of Directors results in a fraction, such number will be rounded to the immediately higher whole number.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> When, as a result of compliance with the</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">composition </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">referred to in the introductory paragraph of this Article, the number of Directors results in a fraction, such number will be rounded to the immediately higher whole number.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 18</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">If a member of the Board of Directors fails to meet the requirements set forth in Article 16 above due to a supervening or unknown fact at the time of his/her election, he/she shall be </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">immediately replaced.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 18</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">If a member of the Board of Directors fails to meet the requirements set forth in Article 16 above due to a supervening or unknown fact at the time of his/her election, he/she shall be </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">immediately replaced.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 18</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">If a member of the Board of Directors fails to meet the requirements set forth in Article 16 above due to a supervening or unknown fact at the time of his/her election, he/she shall be </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">immediately replaced.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The same actions provided for in the introductory paragraph of this Article shall be taken in the event any of the independent Directors fails to meet the independence criteria set forth in the New Market Regulation, resulting in noncompliance with the minimum number of independent Directors, as provided in Article 17 hereof.</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The same actions provided for in the introductory paragraph of this Article shall be taken in the event any of the independent Directors fails to meet the independence criteria set forth in the New Market Regulation, resulting in noncompliance with the minimum number of independent Directors, as provided in Article 17 hereof.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The same actions provided for in the introductory paragraph of this Article shall be taken in the event any of the independent Directors fails to meet the independence criteria set forth in the New Market Regulation, resulting in noncompliance with the minimum number of independent Directors, as provided in Article 17 hereof.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>25</font></font></td>








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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<tr style="height: 15.85pt;">
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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section II &#8211; Election</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 19</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Except for the provisions in Article 20, the election of the members of the Board of Directors shall be made through the nomination of a slate of candidates.</font></p>
<p style="margin: 0pt; text-align: center;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section II &#8211; Election</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 19</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Except for the provisions in Article 20, the election of the members of the Board of Directors shall be made through the nomination of a slate of candidates.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section II &#8211; Election</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 19</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Except for the provisions in Article 20, the election of the members of the Board of Directors shall be made through the nomination of a slate of candidates.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Under the election provisions of this Article, only the following slates of candidates will be eligible for election: (a) those nominated by the Board of Directors; or (b) those nominated by any shareholder or group of shareholders, as provided for in Paragraph 3 hereof. </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Under the election provisions of this Article, only the following slates of candidates will be eligible for election: (a) those nominated by the Board of Directors; or (b) those nominated by any shareholder or group of shareholders, as provided for in Paragraph 3 hereof. </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Under the election provisions of this Article, only the following slates of candidates will be eligible for election: (a) those nominated by the Board of Directors; or (b) those nominated by any shareholder or group of shareholders, as provided for in Paragraph 3 hereof. </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">At the date the Shareholders&#8217; Meeting for electing the members of the Board of Directors is called, the Board of Directors shall make available at the Company&#8217;s headquarters a statement signed by each of the members of the slate of candidates nominated by it, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">containing: (a) their full identification; (b) a complete description of their professional experience, describing the professional activities previously performed, as well as their professional and academic qualifications; and (c) information about administrative proceedings of the CVM, the Central Bank of Brazil or the Superintendence of Private Insurance and disciplinary and judicial</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">proceedings for which a final judgment was rendered and in which any such members have been convicted, as well as inform penalties eventually imposed, if the case may be, the existence of events of limitations or conflict of interest provided for in </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Article 147 of Brazilian Federal Law 6,404/76</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">At the date the Shareholders&#8217; Meeting for electing the members of the Board of Directors is called, the Board of Directors shall make available at the Company&#8217;s headquarters a statement signed by each of the members of the slate of candidates nominated by it, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">containing: (a) their full identification; (b) a complete description of their professional experience, describing the professional activities previously performed, as well as their professional and academic qualifications; and (c) information about administrative proceedings of the CVM, the Central Bank of Brazil or the Superintendence of Private Insurance and disciplinary and judicial proceedings for which a final judgment was rendered and in which any such members have been convicted, as well as inform penalties eventually imposed, if the case may be, the existence of events of limitations or conflict of interest provided for in Article 147 of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Brazilian Federal </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Law 6,404/76.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">At the date the Shareholders&#8217; Meeting for electing the members of the Board of Directors is called, the Board of Directors shall make available at the Company&#8217;s headquarters a statement signed by each of the members of the slate of candidates nominated by it, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">containing: (a) their full identification; (b) a complete description of their professional experience, describing the professional activities previously performed, as well as their professional and academic qualifications; and (c) information about administrative proceedings of the CVM, the Central Bank of Brazil or the Superintendence of Private Insurance and disciplinary and judicial proceedings for which a final judgment was rendered and in which any such members have been convicted, as well as inform penalties eventually imposed, if the case may be, the existence of events of limitations or conflict of interest provided for in </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Article 147 of Brazilian Federal Law 6,404/76</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<tr style="height: 28.15pt;">
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











</th>











</tr>













<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The shareholders or group of shareholders desiring to propose another slate of candidates to be elected to the Board of Directors shall, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">at least 5 days</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> prior the date of the Shareholders&#8217; Meeting, send to the Board of Directors statements individually signed by the candidates nominated by them, containing the information mentioned in the preceding Paragraph; the Board of Directors shall immediately disclose such information, by notice posted on the Company&#8217;s Investor Relations website and sent by electronic means of communication to the CVM and the B3 notifying them that the documents with respect to the other slate of candidates submitted to the Board of Directors are </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">available to the shareholders at the Company&#8217;s headquarters.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The shareholders or group of shareholders desiring to propose another slate of candidates to be elected to the Board of Directors shall, at least 5 days prior the date of the Shareholders&#8217; Meeting, send to the Board of Directors statements individually signed by the candidates nominated by them, containing the information mentioned in the preceding Paragraph; the Board of Directors shall immediately disclose such information, by notice posted on the Company&#8217;s Investor Relations website and sent by electronic means of communication to the CVM and the B3 notifying them that the documents with respect to the other slate of candidates submitted to the Board of Directors are </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">available to the shareholders at the Company&#8217;s headquarters.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The shareholders or group of shareholders desiring to propose another slate of candidates to be elected to the Board of Directors shall, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">at least 5 days </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">prior the date of the Shareholders&#8217; Meeting, send to the Board of Directors statements individually signed by the candidates nominated by them, containing the information mentioned in the preceding Paragraph; the Board of Directors shall immediately disclose such information, by notice posted on the Company&#8217;s Investor Relations website and sent by electronic means of communication to the CVM and the B3 notifying them that the documents with respect to the other slate of candidates submitted to the Board of Directors are </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">available to the shareholders at the Company&#8217;s headquarters.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 4&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The persons nominated by the Board of Directors or by shareholders shall be identified, as the case may be, as candidates to independent Directors, subject to the provisions of Article 17 above, as well as the contents of the new Market Regulation.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 4&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The persons nominated by the Board of Directors or by shareholders shall be identified, as the case may be, as candidates to independent Directors, subject to the provisions of Article 17 above, as well as the contents of the new Market Regulation.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 4&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The persons nominated by the Board of Directors or by shareholders shall be identified, as the case may be, as candidates to independent Directors, subject to the provisions of Article 17 above, as well as the contents of the new Market Regulation.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 5&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The same person may stand for election in two or more slates of candidates, including those nominated by the Board of Directors.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 5&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The same person may stand for election in two or more slates of candidates, including those nominated by the Board of Directors.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 5&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The same person may stand for election in two or more slates of candidates, including those nominated by the Board of Directors.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





</td>





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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>27</font></font></td>








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</div>
<div style="width: 8.5in; margin: 0 auto;"><br>
<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: 28.15pt;">
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











</th>











</tr>













<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 6&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Each shareholder shall be entitled to vote for only one slate of candidates, and the slate of candidates receiving the largest number of votes at the Shareholders&#8217; Meeting will be elected.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 6&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Each shareholder shall be entitled to vote for only one slate of candidates, and the slate of candidates receiving the largest number of votes at the Shareholders&#8217; Meeting will be elected.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 6&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Each shareholder shall be entitled to vote for only one slate of candidates, and the slate of candidates receiving the largest number of votes at the Shareholders&#8217; Meeting will be elected.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 20</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">When electing members to the Board of Directors, shareholders will be entitled to request, as required by law, the adoption of a cumulative voting process, provided that they do so within, at least, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">48 hours </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">in advance of the Shareholders&#8217; Meeting.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 20</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">When electing members to the Board of Directors, shareholders will be entitled to request, as required by law, the adoption of a cumulative voting process, provided that they do so within, at least, 48 hours in advance of the Shareholders&#8217; Meeting.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 20</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">When electing members to the Board of Directors, shareholders will be entitled to request, as required by law, the adoption of a cumulative voting process, provided that they do so within, at least, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">48 hours </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">in advance of the Shareholders&#8217; Meeting.</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">In the event members of the Board of Directors are elected by cumulative voting, the candidates will not be elected through a nomination on a slate of candidates; the candidates for the Board of Directors shall be those who are part </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">of the slate of candidates as provided for in Article 19, as well as the candidates who are nominated by a shareholder attending the meeting, provided that the Shareholders&#8217; Meeting is provided with the</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">statements signed by these candidates as set forth in Paragraph 2 of Article 19 of these Bylaws.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">In the event members of the Board of Directors are elected by cumulative voting, the candidates will not be elected through a nomination on a slate of candidates; the candidates for the Board of Directors shall be those who are part </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">of the slate of candidates as provided for in Article 19, as well as the candidates who are nominated by a shareholder attending the meeting, provided that the Shareholders&#8217; Meeting is provided with the statements signed by these candidates as set forth in Paragraph 2 of Article 19 of these Bylaw</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">s</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">In the event members of the Board of Directors are elected by cumulative voting, the candidates will not be elected through a nomination on a slate of candidates; the candidates for the Board of Directors shall be those who are part </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">of the slate of candidates as provided for in Article 19, as well as the candidates who are nominated by a shareholder attending the meeting, provided that the Shareholders&#8217; Meeting is provided with the statements signed by these candidates as set forth in Paragraph 2 of Article 19 of these Bylaw</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">s</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186; In the event the Company may be controlled by one shareholder or group of shareholders, as defined in Article 116 of Brazilian Federal Law 6,404/76, shareholders representing 10% of the capital stock may require, in conformity with Paragraph 4 of Article 141 of Brazilian Federal Law 6,404/76, that the election of one of the members of the Board of Directors is carried out separately, notwithstanding the rules set forth in Article 19 above.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">In the event the Company may be controlled by one shareholder or group of shareholders, as defined in Article 116 of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Brazilian Federal L</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">aw 6,404/76, shareholders representing 10% of the capital stock may require, in conformity with Paragraph 4 of Article 141 of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Brazilian Federal </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Law 6,404/76, that the election of one of the members of the Board of Directors is carried out separately, notwithstanding the rules set forth in Article 19 above.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186; In the event the Company may be controlled by one shareholder or group of shareholders, as defined in Article 116 of Brazilian Federal Law 6,404/76, shareholders representing 10% of the capital stock may require, in conformity with Paragraph 4 of Article 141 of Brazilian Federal Law 6,404/76, that the election of one of the members of the Board of Directors is carried out separately, notwithstanding the rules set forth in Article 19 above.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 21</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. In the event a Director residing and domiciled outside Brazil is elected, the commencement of his/her term shall be conditioned on the appointment of an attorney-in-fact, residing and domiciled in Brazil, empowered to receive service of process for any corporate law-based lawsuit that may be brought against him/her. The term of such power of attorney shall be for, at least, 3 years after the end of the term of office of the respective Director.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 21</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">In the event a Director residing and domiciled outside Brazil is elected, the commencement of his/her term shall be conditioned on the appointment of an attorney-in-fact, residing and domiciled in Brazil, empowered to receive service of process for any corporate law-based lawsuit that may be brought against him/her. The term of such power of attorney shall be for, at least, 3 years after the end of the term of office of the respective Director.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 21</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. In the event a Director residing and domiciled outside Brazil is elected, the commencement of his/her term shall be conditioned on the appointment of an attorney-in-fact, residing and domiciled in Brazil, empowered to receive service of process for any corporate law-based lawsuit that may be brought against him/her. The term of such power of attorney shall be for, at least, 3 years after the end of the term of office of the respective Director.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 22</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Directors shall elect a Chairman and Vice-Chairman among its members, to occur at the first meeting after the commencement of the Directors&#180; term or at the first meeting after there is a vacancy of these positions on the Board of Directors.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 22</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Directors shall elect a Chairman and Vice-Chairman among its members, to occur at the first meeting after the commencement of the Directors&#180; term or at the first meeting after there is a vacancy of these positions on the Board of Directors.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 22</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Directors shall elect a Chairman and Vice-Chairman among its members, to occur at the first meeting after the commencement of the Directors&#180; term or at the first meeting after there is a vacancy of these positions on the Board of Directors.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section III &#8211; Meetings and Replacements</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; 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: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 23</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The Board of Directors shall hold regular meetings once every 3 months and special meetings whenever called by the Chairman or by any 2 Directors.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section III &#8211; Meetings and Replacements</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; 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: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 23</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Directors shall hold regular meetings once every 3 months and special meetings whenever called by the Chairman or by any 2 Directors.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section III &#8211; Meetings and Replacements</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 23</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The Board of Directors shall hold regular meetings once every 3 months and special meetings whenever called by the Chairman or by any 2 Directors.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The meetings of the Board of Directors shall be called in writing, by e-mail or any other form that allows proof of receipt of the call notice by the recipient, and shall contain, in addition to the place, date and time of the meeting, the agenda.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The meetings of the Board of Directors shall be called in writing, by e-mail or any other form that allows proof of receipt of the call notice by the recipient, and shall contain, in addition to the place, date and time of the meeting, the agenda.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The meetings of the Board of Directors shall be called in writing, by e-mail or any other form that allows proof of receipt of the call notice by the recipient, and shall contain, in addition to the place, date and time of the meeting, the agenda.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186; The meetings of the Board of Directors shall be called at least 3 days in advance. Regardless of the formalities observed in calling the meeting, a meeting shall be deemed to be duly called if attended by all the members of the Board of Directors.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The meetings of the Board of Directors shall be called at least 3 days in advance. Regardless of the formalities observed in calling the meeting, a meeting shall be deemed to be duly called if attended by all the members of the Board of Directors.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186; The meetings of the Board of Directors shall be called at least 3 days in advance. Regardless of the formalities observed in calling the meeting, a meeting shall be deemed to be duly called if attended by all the members of the Board of Directors.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186; In case of urgency, the Chairman of the Board of Directors (or a third party he or she may appoint) may call a meeting </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">of the Board of Directors with less than the period provided for in Paragraph 2 of this Article, provided that in this case the meeting shall not be held unless at least 2/3 of the elected members attend the meeting.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">In case of urgency, the Chairman of the Board of Directors (or a third party he or she may appoint) may call a meeting </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">of the Board of Directors with less than the period provided for in Paragraph 2 of this Article, provided that in this case the meeting shall not be held unless at least 2/3 of the elected members attend the meeting.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186; In case of urgency, the Chairman of the Board of Directors (or a third party he or she may appoint) may call a meeting </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">of the Board of Directors with less than the period provided for in Paragraph 2 of this Article, provided that in this case the meeting shall not be held unless at least 2/3 of the elected members attend the meeting.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 4&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Directors may attend the meetings of the Board of Directors by telephone conference, videoconference or by any other means of communication allowing the identification of the Director and simultaneous communication with all the other persons present at the meeting. In this case, Directors will be considered to be present at the meeting and sign the corresponding minutes.</font></p>
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</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 4&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Directors may attend the meetings of the Board of Directors by telephone conference, videoconference or by any other means of communication allowing the identification of the Director and simultaneous communication with all the other persons present at the meeting.&nbsp; In this case, Directors will be considered to be present at the meeting and sign the corresponding minutes.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 4&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Directors may attend the meetings of the Board of Directors by telephone conference, videoconference or by any other means of communication allowing the identification of the Director and simultaneous communication with all the other persons present at the meeting.&nbsp; In this case, Directors will be considered to be present at the meeting and sign the corresponding minutes.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="background-color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 24</font><font style="background-color: #ffffff; font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="background-color: #ffffff; font-family: Aptos; font-size: 10pt; line-height: inherit;">Except for the provisions in Paragraph 3 of Article 23, the majority of the Directors must attend a meeting of the Board of Directors for it to commence, including the Chairman or the Vice-Chairman, and the resolutions shall require a majority vote, with the Chairman or, in his/her absence, the Vice-Chairman, in addition to his/her own vote, providing the casting vote.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="background-color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 24</font><font style="background-color: #ffffff; font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="background-color: #ffffff; font-family: Aptos; font-size: 10pt; line-height: inherit;">Except for the provisions in Paragraph 3 of Article 23, the majority of the Directors must attend a meeting of the Board of Directors for it to commence, including the Chairman or the Vice-Chairman, and the resolutions shall require a majority vote, with the Chairman or, in his/her absence, the Vice-Chairman, in addition to his/her own vote, providing the casting vote.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="background-color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 24</font><font style="background-color: #ffffff; font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="background-color: #ffffff; font-family: Aptos; font-size: 10pt; line-height: inherit;">Except for the provisions in Paragraph 3 of Article 23, the majority of the Directors must attend a meeting of the Board of Directors for it to commence, including the Chairman or the Vice-Chairman, and the resolutions shall require a majority vote, with the Chairman or, in his/her absence, the Vice-Chairman, in addition to his/her own vote, providing the casting vote.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph. In event of absence or temporary unavailability of the Chairman of the Board of Directors, his/her duties will be exercised, on a temporary basis, by the Vice-Chairman or by another member of the Board of Directors nominated by him/her.</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">In event of absence or temporary unavailability of the Chairman of the Board of Directors, his/her duties will be exercised, on a temporary basis, by the Vice-Chairman or by another member of the Board of Directors nominated by him/her.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">In event of absence or temporary unavailability of the Chairman of the Board of Directors, his/her duties will be exercised, on a temporary basis, by the Vice-Chairman or by another member of the Board of Directors nominated by him/her.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 25</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No member of the Board of Directors may have access to information, take part in resolutions and discussions of the Board of Directors or of any managing bodies, vote or, in any manner, intervene in the matter in which he/she is directly or indirectly in a conflict with the Company&#8217;s interests, as provided for by law.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 25</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No member of the Board of Directors may have access to information, take part in resolutions and discussions of the Board of Directors or of any managing bodies, vote or, in any manner, intervene in the matter in which he/she is directly or indirectly in a conflict with the Company&#8217;s interests, as provided for by law.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 25</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No member of the Board of Directors may have access to information, take part in resolutions and discussions of the Board of Directors or of any managing bodies, vote or, in any manner, intervene in the matter in which he/she is directly or indirectly in a conflict with the Company&#8217;s interests, as provided for by law.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 26</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. Except for the possibility of election of Directors by multiple vote, a substitute for a vacancy on the Board of Directors shall be appointed by the remaining Directors and shall hold the office until the subsequent Shareholders&#8217; Meeting, at which a new Director shall be elected for remaining term of office of the replaced director. In the event of vacancy of the majority of the Board of Directors, a Shareholders&#8217; Meeting shall be called within 15 days from the date thereof, in order to elect substitutes, who shall complete the term of office of the replaced members. </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 26</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Except for the possibility of election of Directors by multiple vote, a substitute for a vacancy on the Board of Directors shall be appointed by the remaining Directors and shall hold the office until the subsequent Shareholders&#8217; Meeting, at which a new Director shall be elected for remaining term of office of the replaced director. In the event of vacancy of the majority of the Board of Directors, a Shareholders&#8217; Meeting shall be called within 15 days from the date thereof, in order to elect substitutes, who shall complete the term of office of the replaced members. </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 26</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. Except for the possibility of election of Directors by multiple vote, a substitute for a vacancy on the Board of Directors shall be appointed by the remaining Directors and shall hold the office until the subsequent Shareholders&#8217; Meeting, at which a new Director shall be elected for remaining term of office of the replaced director. In the event of vacancy of the majority of the Board of Directors, a Shareholders&#8217; Meeting shall be called within 15 days from the date thereof, in order to elect substitutes, who shall complete the term of office of the replaced members. </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>31</font></font></td>








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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section IV &#8211; Powers</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 27</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Directors shall have the power to:</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a) set the general guidelines of the subsidiaries&#8217; business and deliberate on the strategic guidelines and strategic plan of the Company;</font></p>
<p style="margin: 0pt; text-align: center;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section IV &#8211; Powers</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 27</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Directors shall have the power to:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">set the general guidelines of the subsidiaries&#8217; business and deliberate on the strategic guidelines and strategic plan of the Company;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section IV &#8211; Powers</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 27</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Directors shall have the power to:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a) set the general guidelines of the subsidiaries&#8217; business and deliberate on the strategic guidelines and strategic plan of the Company;</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">elect and remove the executive officers of the Company, appointing among them the Chief Executive Officer and the Chief Financial and Investor Relations Officer, and define their duties;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">elect and remove the executive officers of the Company, appointing among them the Chief Executive Officer and the Chief Financial and Investor Relations Officer, and define their duties;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">elect and remove the executive officers of the Company, appointing among them the Chief Executive Officer and the Chief Financial and Investor Relations Officer, and define their duties;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c) oversee the management of the executive officers; examine, at any time, the books and documents of the Company; request information about agreements previously entered into or in the process of being entered into by the Company;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">oversee the management of the executive officers; examine, at any time, the books and documents of the Company; request information about agreements previously entered into or in the process of being entered into by the Company;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c) oversee the management of the executive officers; examine, at any time, the books and documents of the Company; request information about agreements previously entered into or in the process of being entered into by the Company;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">d)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">express its opinion with respect to Management Report and the financial statements of the Company, submitting them to the Shareholders&#8217; Meeting for approval;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">d)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">express its opinion with respect to Management Report and the financial statements of the Company, submitting them to the Shareholders&#8217; Meeting for approval;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">d)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">express its opinion with respect to Management Report and the financial statements of the Company, submitting them to the Shareholders&#8217; Meeting for approval;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">e) fix the compensation of the members of the Board of Directors and the individual compensation of the Executive Officers of the Company, considering the proposal of the People and Sustainability Committee, according to article 40, single paragraph, &#8220;b&#8221;;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">e)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">fix the compensation of the members of the Board of Directors and the individual compensation of the Executive Officers of the Company, considering the proposal of the People and Sustainability Committee, according to article 40, single paragraph, &#8220;b&#8221;;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">e) fix the compensation of the members of the Board of Directors and the individual compensation of the Executive Officers of the Company, considering the proposal of the People and Sustainability Committee, according to article 40, single paragraph, &#8220;b&#8221;;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<tr style="height: 28.15pt;">
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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">f) define the overall criteria regarding the compensation and benefits policy of the directors and executive officers as well as of the senior employees of the Company and, whenever necessary, of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">its subsidiaries, taking into consideration the People and Sustainability Committee&#8217;s proposal;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">f)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">define the overall criteria regarding the compensation and benefits policy of the directors and executive officers as well as of the senior employees of the Company and, whenever necessary, of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">its subsidiaries, taking into consideration the People and Sustainability Committee&#8217;s proposal;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">f) define the overall criteria regarding the compensation and benefits policy of the directors and executive officers as well as of the senior employees of the Company and, whenever necessary, of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">its subsidiaries, taking into consideration the People and Sustainability Committee&#8217;s proposal;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">g)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">grant shares and stock options under the terms of Article 8 of these Bylaws;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">g)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">grant shares and stock options under the terms of Article 8 of these Bylaws;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">g)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">grant shares and stock options under the terms of Article 8 of these Bylaws;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A </font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">h)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">call the Shareholders&#8217; Meetings;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">h)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">call the Shareholders&#8217; Meetings;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">h)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">call the Shareholders&#8217; Meetings;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">i</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">submit a slate of candidates to the Shareholders&#8217; Meeting for election of directors, pursuant to Article 19 of these Bylaws;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">i</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">submit a slate of candidates to the Shareholders&#8217; Meeting for election of directors, pursuant to Article 19 of these Bylaws;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">i</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">submit a slate of candidates to the Shareholders&#8217; Meeting for election of directors, pursuant to Article 19 of these Bylaws;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">j)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">propose to the Shareholders&#8217; Meeting the allocation of the balance of the adjusted net profit for the year, as referred to in letter &#8220;c&#8221;, paragraph one of Article 53 of these Bylaws;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">j)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">propose to the Shareholders&#8217; Meeting the allocation of the balance of the adjusted net profit for the year, as referred to in letter &#8220;c&#8221;, paragraph one of Article 53 of these Bylaws;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">j)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">propose to the Shareholders&#8217; Meeting the allocation of the balance of the adjusted net profit for the year, as referred to in letter &#8220;c&#8221;, paragraph one of Article 53 of these Bylaws;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">k)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">approve the preparation of financial statements at shorter intervals than the fiscal year, the distribution of dividends based on such financial statements or interim dividends, as well as the payment or crediting of interest on own capital, under the terms of the applicable laws; </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">k)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">approve the preparation of financial statements at shorter intervals than the fiscal year, the distribution of dividends based on such financial statements or interim dividends, as well as the payment or crediting of interest on own capital, under the terms of the applicable laws; </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">k)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">approve the preparation of financial statements at shorter intervals than the fiscal year, the distribution of dividends based on such financial statements or interim dividends, as well as the payment or crediting of interest on own capital, under the terms of the applicable laws; </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">l)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">pass resolutions on the issuance of shares, debentures convertible into shares and subscription warrants, within the limits of the authorized capital of the Company;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">l)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">pass resolutions on the issuance of shares, debentures convertible into shares and subscription warrants, within the limits of the authorized capital of the Company;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">l)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">pass resolutions on the issuance of shares, debentures convertible into shares and subscription warrants, within the limits of the authorized capital of the Company;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">m)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">submit proposals to the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Shareholders&#8217; Meeting concerning an amalgamation, spin-off, merger, merger of shares or dissolution of the Company, as well as amendments to these Bylaws;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">m)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">submit proposals to the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Shareholders&#8217; Meeting concerning an amalgamation, spin-off, merger, merger of shares or dissolution of the Company, as well as amendments to these Bylaws;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">m)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">submit proposals to the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Shareholders&#8217; Meeting concerning an amalgamation, spin-off, merger, merger of shares or dissolution of the Company, as well as amendments to these Bylaws;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





</td>





</tr>











</table>




</div>




<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; line-height: inherit;" 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>
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</div>
<div style="width: 8.5in; margin: 0 auto;"><br>
<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: 28.15pt;">
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











</th>











</tr>













<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">n)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">authorize the acquisition of shares of the Company to be held as treasury shares, cancelled or subsequently disposed of, subject to applicable laws; </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">n)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">authorize the acquisition of shares of the Company to be held as treasury shares, cancelled or subsequently disposed of, subject to applicable laws; </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">n)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">authorize the acquisition of shares of the Company to be held as treasury shares, cancelled or subsequently disposed of, subject to applicable laws; </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">o)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">approve the public issuance of commercial promissory notes by the Company or by its controlled companies;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">o)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">approve the public issuance of commercial promissory notes by the Company or by its controlled companies;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">o)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">approve the public issuance of commercial promissory notes by the Company or by its controlled companies;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">p) approve the following transactions, either by the Company or by its controlled companies, when the value exceeds 5% of the Company&#8217;s shareholders&#8217; equity: (</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">i</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">) acquisition, disposal or encumbrance of assets; (ii) granting of collateral; (iii) indebtedness to third parties or waivers of any rights; (iv) investment or investment project; and (v) direct or indirect acquisition or disposal of an equity interest, including by means of a consortium or special partnership;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">p)</font>&nbsp;<font>approve (i) investment or investment project, (ii) direct or indirect acquisition or disposal of an equity interest, including by means of a consortium or special partnership, (iii) acquisition or disposal of assets to third parties, (iv) granting of guarantees to third parties, including encumbrance of assets, and (v) indebtedness to third parties or waivers of any rights either by the Company or by its controlled companies, when the value exceeds 5% of the Company&#8217;s shareholders&#8217; equity subject to the limits and procedures established in the Company's corporate policies. Transactions with companies that are part of Ultrapar's economic group and that do not violate the Company's corporate policies will not require prior approval by the Board of Directors. Ordinary transactions of a working capital nature in the normal course of business, such as drawn risk, anticipation of receivables and forfait will not require prior approval by the Board of Directors;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">p) approve </font><font style="color: #ff0000; font-family: Aptos; font-size: 10pt; text-decoration: line-through; line-height: inherit;">the following transactions,</font> <font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;">(</font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;">i</font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font> <font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;">in</font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;">vestment or investment project, (ii) </font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;">direct or indirect acquisition or disposal of an equity interest, including by means of a consortium or special partnership</font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;">, (iii)</font> <font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;">acquisition or disposal</font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;"> of assets </font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;">to third parties, (iv) </font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;">granting of guarantees to third parties, including encumbrance of assets,</font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;"> and (v) </font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;">indebtedness to third parties or waivers of any rights</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">either by the Company or by its controlled companies, when the value exceeds 5% of the Company&#8217;s shareholders&#8217; equity</font> <font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;">subject to the limits and procedures established in the Company's corporate policies. Transactions with companies that are part of </font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultrapar's</font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;"> economic group and that do not violate the Company's corporate policies will not require prior approval by the Board of Directors. Ordinary transactions of a </font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;">working capital nature in the normal course of business, such as drawn</font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;"> risk</font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;">, </font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;">anticipation </font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;">o</font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;">f</font> <font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;">receivables and </font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;">forfait</font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;"> will not require prior approval by the Board of Directors</font><font style="color: #1f497d; font-family: Aptos; font-size: 10pt; line-height: inherit;">; </font><font style="color: #ff0000; font-family: Aptos; font-size: 10pt; text-decoration: line-through; line-height: inherit;">(</font><font style="color: #ff0000; font-family: Aptos; font-size: 10pt; text-decoration: line-through; line-height: inherit;">i</font><font style="color: #ff0000; font-family: Aptos; font-size: 10pt; text-decoration: line-through; line-height: inherit;">) acquisition, disposal or encumbrance of assets; (ii) granting of collateral; (iii) indebtedness to third parties or waivers of any rights; (iv) investment or investment project; and (v) direct or indirect acquisition or disposal of an equity interest, including by means of a consortium or special partnership;</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Adjustment aims to provide more clarity and guidance on </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">the topics</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> related to transactions with related parties and </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">indebtedness </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">with third parties that do not require prior approval from </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultrapar's</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Board of Directors, without, however, changing the reference value and matters of operations that must be submitted to the board</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>





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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">q)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">approve the execution of shareholders&#8217; agreements by the Company or by its controlled companies;</font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">q)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">approve the execution of shareholders&#8217; agreements by the Company;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">q)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">approve the execution of shareholders&#8217; agreements by the Company </font><font style="color: #ff0000; font-family: Aptos; font-size: 10pt; text-decoration: line-through; line-height: inherit;">or by its controlled companies</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Amendment</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> to </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">adjust</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the powers of the Company's Board of Directors to the new governance of its main subsidiaries (</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultragaz</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ipiranga</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultracargo</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">), as widely disclosed to the market. With the new structure, the respective Boards of Directors will have the authority to approve the execution of shareholder agreements related to their business.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>











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</tr>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">r)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">select and dismiss the independent auditors, after receiving the Audit Committee&#8217;s opinion;</font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">r)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">select and dismiss the independent auditors, after receiving the Audit Committee&#8217;s opinion;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">r)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">select and dismiss the independent auditors, after receiving the Audit Committee&#8217;s opinion;</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">s) express an opinion as to whether it is in favor or against any tender offer for the shares of the Company, through a prior opinion containing the reasons for such position disclosed within 15 days from the publication of the tender offer notice, opinion which should cover, at minimum: (</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">i</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">) the convenience and </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">opportunity of the tender offer for the Company and its shareholders as a whole, including with respect to the price and potential impacts on share liquidity; (ii) any alternatives to accepting the tender offer for the shares on free float; </font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">s)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">express an opinion as to whether it is in favor or against any tender offer for the shares of the Company, through a prior opinion containing the reasons for such position disclosed within 15 days from the publication of the tender offer notice, opinion which should cover, at minimum: (</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">i</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">) the convenience and </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">opportunity of the tender offer for the Company and its shareholders as a whole, including with respect to the price and potential impacts on share liquidity; (ii) any alternatives to accepting the tender offer for the shares on free float; </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">s) express an opinion as to whether it is in favor or against any tender offer for the shares of the Company, through a prior opinion containing the reasons for such position disclosed within 15 days from the publication of the tender offer notice, opinion which should cover, at minimum: (</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">i</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">) the convenience and </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">opportunity of the tender offer for the Company and its shareholders as a whole, including with respect to the price and potential impacts on share liquidity; (ii) any alternatives to accepting the tender offer for the shares on free float; </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">t) approve corporate policies as per the proposals submitted by the relevant entities; and</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">t) approve corporate policies as per the proposals submitted by the relevant entities; and </font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">t) approve corporate policies as per the proposals submitted by the relevant entities; and </font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">u)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">pass resolutions on other matters not regulated by these Bylaws, as well as otherwise resolving such matters.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">u)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">pass resolutions on other matters not regulated by these Bylaws, as well as otherwise resolving such matters.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">u)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">pass resolutions on other matters not regulated by these Bylaws, as well as otherwise resolving such matters.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











</th>











</tr>













<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 28</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Chairman of the Board of Directors shall:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">call the Shareholders&#8217; Meeting, whenever so decided by the Board of Directors or, exceptionally, on his/her own initiative, in which case he/she shall immediately inform the other Directors;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 28</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Chairman of the Board of Directors shall:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">call the Shareholders&#8217; Meeting, whenever so decided by the Board of Directors or, exceptionally, on his/her own initiative, in which case he/she shall immediately inform the other Directors;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 28</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Chairman of the Board of Directors shall:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">call the Shareholders&#8217; Meeting, whenever so decided by the Board of Directors or, exceptionally, on his/her own initiative, in which case he/she shall immediately inform the other Directors;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">call and preside the meetings of the Board of Directors;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">call and preside the meetings of the Board of Directors;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">call and preside the meetings of the Board of Directors;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">communicate the dates of the regular meetings and oversee the Board of Director&#8217;s administrative activities; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">communicate the dates of the regular meetings and oversee the Board of Director&#8217;s administrative activities; and</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">communicate the dates of the regular meetings and oversee the Board of Director&#8217;s administrative activities; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">d)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">convey resolutions made by the Board of Directors to the Board of Executive Officers and instruct the latter on the fulfillment thereof.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">d)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">convey resolutions made by the Board of Directors to the Board of Executive Officers and instruct the latter on the fulfillment thereof.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">d)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">convey resolutions made by the Board of Directors to the Board of Executive Officers and instruct the latter on the fulfillment thereof.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 29</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Vice-Chairman of the Board of Directors shall replace the Chairman, in his/her occasional absences and unavailability and, in case of vacancy in the office of Chairman, to hold such office until the date of the election of the new Chairman.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 29</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Vice-Chairman of the Board of Directors shall replace the Chairman, in his/her occasional absences and unavailability and, in case of vacancy in the office of Chairman, to hold such office until the date of the election of the new Chairman.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 29</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Vice-Chairman of the Board of Directors shall replace the Chairman, in his/her occasional absences and unavailability and, in case of vacancy in the office of Chairman, to hold such office until the date of the election of the new Chairman.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<tr style="height: 28.15pt;">
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER VI</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Board of Executive Officers</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 30</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The Board of Executive Officers shall be comprised of up to 8 executive officers, who may or may not be shareholders, shall be resident in Brazil and be elected by the Board of Directors, without specific designation except for the Chief Executive Officer and the Chief Financial and Investor Relations Officer.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER VI</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Board of Executive Officers</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; 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: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 30</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Executive Officers shall be comprised of up to 8 executive officers, who may or may not be shareholders, shall be resident in Brazil and be elected by the Board of Directors, without specific designation except for the Chief Executive Officer and the Chief Financial and Investor Relations Officer.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER VI</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Board of Executive Officers</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 30</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The Board of Executive Officers shall be comprised of up to 8 executive officers, who may or may not be shareholders, shall be resident in Brazil and be elected by the Board of Directors, without specific designation except for the Chief Executive Officer and the Chief Financial and Investor Relations Officer.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole paragraph. The term of the members of the Board of Executive Officers shall be 2 years, with reelection permitted, and will continue until each successor is elected.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole paragraph.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The term of the members of the Board of Executive Officers shall be 2 years, with reelection permitted, and will continue until each successor is elected.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole paragraph. The term of the members of the Board of Executive Officers shall be 2 years, with reelection permitted, and will continue until each successor is elected.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 31</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Executive Officers shall hold meetings whenever the interest of the Company shall so require and their decisions shall be made by simple majority of votes, requiring one-half of the number of the elected members to form a quorum, with the Chief Executive Officer, in addition to his/her own vote, providing the casting </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">vote.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 31</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Executive Officers shall hold meetings whenever the interest of the Company shall so require and their decisions shall be made by simple majority of votes, requiring one-half of the number of the elected members to form a quorum, with the Chief Executive Officer, in addition to his/her own vote, providing the casting </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">vote.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 31</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Executive Officers shall hold meetings whenever the interest of the Company shall so require and their decisions shall be made by simple majority of votes, requiring one-half of the number of the elected members to form a quorum, with the Chief Executive Officer, in addition to his/her own vote, providing the casting </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">vote.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 32</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Executive Officers shall perform the acts necessary for the regular operation of the Company and for the management of its business, and shall be authorized to open and close branches, offices or other premises and facilities in any location in Brazil or abroad, subject to the guidelines provided by the Board of Directors.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 32</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Executive Officers shall perform the acts necessary for the regular operation of the Company and for the management of its business, and shall be authorized to open and close branches, offices or other premises and facilities in any location in Brazil or abroad, subject to the guidelines provided by the Board of Directors.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 32</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Executive Officers shall perform the acts necessary for the regular operation of the Company and for the management of its business, and shall be authorized to open and close branches, offices or other premises and facilities in any location in Brazil or abroad, subject to the guidelines provided by the Board of Directors.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Actions which may affect third parties shall be signed by two executive officers, jointly, or by one executive officer and one attorney-in-fact, or by two attorneys-in-fact, with specific powers.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Actions which may affect third parties shall be signed by two executive officers, jointly, or by one executive officer and one attorney-in-fact, or by two attorneys-in-fact, with specific powers.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Actions which may affect third parties shall be signed by two executive officers, jointly, or by one executive officer and one attorney-in-fact, or by two attorneys-in-fact, with specific powers.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company, acting by two of its executive officers, may appoint attorneys-in-fact, specifying in the power of attorney the purpose thereof, the powers granted and the term of the power of attorney, which shall not exceed one year, unless the power of attorney is granted with ad judicia powers, in which case it may be valid for an indefinite term.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company, acting by two of its executive officers, may appoint attorneys-in-fact, specifying in the power of attorney the purpose thereof, the powers granted and the term of the power of attorney, which shall not exceed one year, unless the power of attorney is granted with ad judicia powers, in which case it may be valid for an indefinite term.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company, acting by two of its executive officers, may appoint attorneys-in-fact, specifying in the power of attorney the purpose thereof, the powers granted and the term of the power of attorney, which shall not exceed one year, unless the power of attorney is granted with ad judicia powers, in which case it may be valid for an indefinite term.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Executive Officers may, in exceptional cases, authorize the Company to be represented by one sole executive officer or one sole attorney-in-fact appointed for such purpose, and </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">shall specify the purpose and limit of the powers granted in the minutes of the meeting.&nbsp; </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Executive Officers may, in exceptional cases, authorize the Company to be represented by one sole executive officer or one sole attorney-in-fact appointed for such purpose, and </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">shall specify the purpose and limit of the powers granted in the minutes of the meeting.&nbsp; </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Board of Executive Officers may, in exceptional cases, authorize the Company to be represented by one sole executive officer or one sole attorney-in-fact appointed for such purpose, and </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">shall specify the purpose and limit of the powers granted in the minutes of the meeting.&nbsp; </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 33</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Chief Executive Officer shall:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">direct, instruct and coordinate the activities of the Company;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">call and preside over the meetings of the Board of Executive Officers; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">represent the Company in court, either as plaintiff or defendant.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 33</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The Chief Executive Officer shall:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">direct, instruct and coordinate the activities of the Company;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">call and preside over the meetings of the Board of Executive Officers; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">represent the Company in court, either as plaintiff or defendant.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 33</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The Chief Executive Officer shall:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">direct, instruct and coordinate the activities of the Company;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">call and preside over the meetings of the Board of Executive Officers; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">represent the Company in court, either as plaintiff or defendant.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 34</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The executive officer exercising the duties of Chief Financial and Investor Relations Officer shall provide information to investors, the CVM and the stock exchange or over-the-counter market on which the Company&#8217;s securities are traded, as well as maintain the registration of the Company updated in conformity with the CVM&#8217;s applicable regulations and to meet the other requirements contained in such regulations, in addition to exercising the duties assigned to him/her by the Board of Directors.</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 34</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The executive officer exercising the duties of Chief Financial and Investor Relations Officer shall provide information to investors, the CVM and the stock exchange or over-the-counter market on which the Company&#8217;s securities are traded, as well as maintain the registration of the Company updated in conformity with the CVM&#8217;s applicable regulations and to meet the other requirements contained in such regulations, in addition to exercising the duties assigned to him/her by the Board of Directors.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 34</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The executive officer exercising the duties of Chief Financial and Investor Relations Officer shall provide information to investors, the CVM and the stock exchange or over-the-counter market on which the Company&#8217;s securities are traded, as well as maintain the registration of the Company updated in conformity with the CVM&#8217;s applicable regulations and to meet the other requirements contained in such regulations, in addition to exercising the duties assigned to him/her by the Board of Directors.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 35</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The executive officers without a specific designation, in addition to their statutory duties, shall perform those activities which may be assigned to them by the Board of Directors.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 35</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The executive officers without a specific designation, in addition to their statutory duties, shall perform those activities which may be assigned to them by the Board of Directors.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 35</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The executive officers without a specific designation, in addition to their statutory duties, shall perform those activities which may be assigned to them by the Board of Directors.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 36</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The executive officers shall substitute each other, subject to the following conditions: </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 36</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The executive officers shall substitute each other, subject to the following conditions: </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 36</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The executive officers shall substitute each other, subject to the following conditions: </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a) in case of the occasional absence and unavailability of the Chief Executive Officer for a period of up to 60 days, the Chairman of the Board of Directors shall nominate a substitute for him/her from among the members of the Board of Executive Officers, and the substitute executive officer shall temporarily exercise the duties of Chief Executive Officer until the latter returns to his/her office or the next following meeting of the Board of Directors, whichever occurs first; and</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">in case of the occasional absence and unavailability of the Chief Executive Officer for a period of up to 60 days, the Chairman of the Board of Directors shall nominate a substitute for him/her from among the members of the Board of Executive Officers, and the substitute executive officer shall temporarily exercise the duties of Chief Executive Officer until the latter returns to his/her office or the next following meeting of the Board of Directors, whichever occurs first; and</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a) in case of the occasional absence and unavailability of the Chief Executive Officer for a period of up to 60 days, the Chairman of the Board of Directors shall nominate a substitute for him/her from among the members of the Board of Executive Officers, and the substitute executive officer shall temporarily exercise the duties of Chief Executive Officer until the latter returns to his/her office or the next following meeting of the Board of Directors, whichever occurs first; and</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">in case of vacancy in the office of an executive officer, he/she may be replaced, until the following meeting of the Board of Directors, by another executive officer appointed by the Chief Executive Officer.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; 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: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">in case of vacancy in the office of an executive officer, he/she may be replaced, until the following meeting of the Board of Directors, by another executive officer appointed by the Chief Executive Officer.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; 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: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">in case of vacancy in the office of an executive officer, he/she may be replaced, until the following meeting of the Board of Directors, by another executive officer appointed by the Chief Executive Officer.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER VII</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Committees</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 37</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The Company shall have the following support committees attached to the Board of Directors:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 18pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a)</font><font style="font-style: normal; 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; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Audit and Risks Committee; </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 18pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)<font style="color: #000000; font-family: 'Times New Roman'; 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: -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;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font></font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">People and Sustainability Committee; and</font></p>
<p style="margin: 0pt 0pt 0pt 18pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 18pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c)&nbsp;&nbsp; Investments Committee.</font></p>
<p style="margin: 0pt 0pt 0pt 35.4pt;"><br></p>
<p style="margin: 0pt; text-align: center;"><br></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER VII</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Committees</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 37</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company shall have the following support committees attached to the Board of Directors:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 36pt; text-indent: -18pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)<font style="color: #000000; font-family: 'Times New Roman'; 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: -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;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font></font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Audit and Risks Committee; </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 18pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)<font style="color: #000000; font-family: 'Times New Roman'; 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: -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;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font></font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">People and Sustainability Committee; and</font></p>
<p style="margin: 0pt 0pt 0pt 18pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 18pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c)<font style="color: #000000; font-family: 'Times New Roman'; 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: -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;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font>Investments Committee.</font></p>
<p style="margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER VII</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Committees</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 37</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The Company shall have the following support committees attached to the Board of Directors:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 36pt; text-indent: -18pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a)<font style="color: #000000; font-family: 'Times New Roman'; 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: -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;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font></font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Audit and Risks Committee; </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 18pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)<font style="color: #000000; font-family: 'Times New Roman'; 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: -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;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font></font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">People and Sustainability Committee; and</font></p>
<p style="margin: 0pt 0pt 0pt 18pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 18pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c)&nbsp;&nbsp; Investments Committee.</font></p>
<p style="margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Each committee shall have its own internal bylaws, which shall require the approval of the Board of Directors, to govern matters associated with its working and define the role of its coordinator. </font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Each committee shall have its own internal bylaws, which shall require the approval of the Board of Directors, to govern matters associated with its working and define the role of its coordinator. </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Each committee shall have its own internal bylaws, which shall require the approval of the Board of Directors, to govern matters associated with its working and define the role of its coordinator. </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167;2&#186; The Board of Directors may establish additional committees for assisting it in the management of the Company, which may have specific purposes and may appoint their respective members.</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167;2&#186; The Board of Directors may establish additional committees for assisting it in the management of the Company, which may have specific purposes and may appoint their respective members.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167;2&#186; The Board of Directors may establish additional committees for assisting it in the management of the Company, which may have specific purposes and may appoint their respective members.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186; The same obligations and restrictions imposed by law, by these Bylaws and by the New Market Regulation on the directors and executive officers of the Company shall apply to the members of the Audit and Risks Committee, the People and Sustainability Committee, the Investments Committee and other additional committees that may be established by the Board of Directors.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The same obligations and restrictions imposed by law, by these Bylaws and by the New Market Regulation on the directors and executive officers of the Company shall apply to the members of the Audit and Risks Committee, the People and Sustainability Committee, the Investments Committee and other additional committees that may be established by the Board of Directors.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186; The same obligations and restrictions imposed by law, by these Bylaws and by the New Market Regulation on the directors and executive officers of the Company shall apply to the members of the Audit and Risks Committee, the People and Sustainability Committee, the Investments Committee and other additional committees that may be established by the Board of Directors.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 38</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. Subject to the criteria set forth below, the Committees shall be comprised of at least 3 members, all elected by the Board of Directors for a term of office of 2 years, and the term shall coincide with the term of office of the Directors.</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 38</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Subject to the criteria set forth below, the Committees shall be comprised of at least 3 members, all elected by the Board of Directors for a term of office of 2 years, and the term shall coincide with the term of office of the Directors.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 38</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. Subject to the criteria set forth below, the Committees shall be comprised of at least 3 members, all elected by the Board of Directors for a term of office of 2 years, and the term shall coincide with the term of office of the Directors.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186; In the event of a vacancy in any member of the Committees, the Board of Directors shall elect a person to complete the term of office of the replaced member.</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186; In the event of a vacancy in any member of the Committees, the Board of Directors shall elect a person to complete the term of office of the replaced member.</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186; In the event of a vacancy in any member of the Committees, the Board of Directors shall elect a person to complete the term of office of the replaced member.</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186; The members of the Committees may be reappointed for successive terms, except for the members of the Audit and Risk Committee, who will exercise their positions for a maximum of 10 years.</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186; The members of the Committees may be reappointed for successive terms, except for the members of the Audit and Risk Committee, who will exercise their positions for a maximum of 10 years.</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186; The members of the Committees may be reappointed for successive terms, except for the members of the Audit and Risk Committee, who will exercise their positions for a maximum of 10 years.</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section I &#8211; Audit and Risks Committee</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 39. </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Audit and Risks Committee shall be composed only by Directors, with the majority being independent, and include at least 1 member with recognized experience in corporate accounting matters, as provided in the applicable regulations of the CVM.</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section I &#8211; Audit and Risks Committee</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 39. </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Audit and Risks Committee shall be composed only by Directors, with the majority being independent, and include at least 1 member with recognized experience in corporate accounting matters, as provided in the applicable regulations of the CVM.</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section I &#8211; Audit and Risks Committee</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 39. </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Audit and Risks Committee shall be composed only by Directors, with the majority being independent, and include at least 1 member with recognized experience in corporate accounting matters, as provided in the applicable regulations of the CVM.</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186; To be characterized as an independent, the member of the Audit and Risk Committee must meet the requirements set forth in the applicable CVM regulation, as well as those set out in the New Market Regulation.</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186; To be characterized as an independent, the member of the Audit and Risk Committee must meet the requirements set forth in the applicable CVM regulation, as well as those set out in the New Market Regulation.</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186; To be characterized as an independent, the member of the Audit and Risk Committee must meet the requirements set forth in the applicable CVM regulation, as well as those set out in the New Market Regulation.</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186; The member of the Audit and Risks Committee who ceases to hold said position may only rejoin the Committee after at least 3 years have elapsed since the end of the term of office.</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186; The member of the Audit and Risks Committee who ceases to hold said position may only rejoin the Committee after at least 3 years have elapsed since the end of the term of office.</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186; The member of the Audit and Risks Committee who ceases to hold said position may only rejoin the Committee after at least 3 years have elapsed since the end of the term of office.</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186; The Audit and Risks Committee shall:</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186; The Audit and Risks Committee shall:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186; The Audit and Risks Committee shall:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a) recommend to the Board of Directors the retention and dismissal of independent audit services, as well as propose to the Board of Directors the nomination of the independent auditors and their replacement;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b) review the Management Report and the financial statements of the Company and of its controlled companies, and provide the recommendations it deems necessary to the Board of Directors;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c) review the quarterly financial information, interim statements, and financial statements prepared by the Company;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">d) monitor the activities of the Company&#8217;s internal audit and internal controls departments, including follow up and assessment of the effectiveness and sufficiency of the internal control structure and of the internal and independent audit processes of the Company and of its controlled companies, including in relation to the provisions set forth in the Sarbanes-Oxley Act, submitting the recommendations it deems necessary for the improvement of policies, practices and procedures;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">e) </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">evaluate and monitor the Company&#8217;s risk exposure, as per the Risk </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Management Policy, as well as to provide its opinion on any review of the contents thereof, in addition to advising the Board of Directors in connection with the setting of acceptable risk levels;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a) recommend to the Board of Directors the retention and dismissal of independent audit services, as well as propose to the Board of Directors the nomination of the independent auditors and their replacement;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b) review the Management Report and the financial statements of the Company and of its controlled companies, and provide the recommendations it deems necessary to the Board of Directors;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c) review the quarterly financial information, interim statements, and financial statements prepared by the Company;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">d) monitor the activities of the Company&#8217;s internal audit and internal controls departments, including follow up and assessment of the effectiveness and sufficiency of the internal control structure and of the internal and independent audit processes of the Company and of its controlled companies, including in relation to the provisions set forth in the Sarbanes-Oxley Act, submitting the recommendations it deems necessary for the improvement of policies, practices and procedures;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">e) </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">evaluate and monitor the Company&#8217;s risk exposure, as per the Risk </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Management Policy, as well as to provide its opinion on any review of the contents thereof, in addition to advising the Board of Directors in connection with the setting of acceptable risk levels;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a) recommend to the Board of Directors the retention and dismissal of independent audit services, as well as propose to the Board of Directors the nomination of the independent auditors and their replacement;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b) review the Management Report and the financial statements of the Company and of its controlled companies, and provide the recommendations it deems necessary to the Board of Directors;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c) review the quarterly financial information, interim statements, and financial statements prepared by the Company;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">d) monitor the activities of the Company&#8217;s internal audit and internal controls departments, including follow up and assessment of the effectiveness and sufficiency of the internal control structure and of the internal and independent audit processes of the Company and of its controlled companies, including in relation to the provisions set forth in the Sarbanes-Oxley Act, submitting the recommendations it deems necessary for the improvement of policies, practices and procedures;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">e) </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">evaluate and monitor the Company&#8217;s risk exposure, as per the Risk </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Management Policy, as well as to provide its opinion on any review of the contents thereof, in addition to advising the Board of Directors in connection with the setting of acceptable risk levels;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">f) review, monitor and recommend to management any corrections or improvements to be made to the Company&#8217;s corporate policies, including the Conflict of Interest and Related Party Transactions Corporate Policy; </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">g) establish procedures for the acceptance and handling of information submitted by any party relating to alleged noncompliance with applicable legal and regulatory requirements applicable to the Company, in addition to internal regulations, policies and codes, including procedures for confidential or anonymous submission, safeguarding information secrecy;&nbsp; </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">h) interact with the other Company&#8217;s governing bodies in connection with the receipt and review of information on noncompliance with legal and regulatory requirements applicable to the Company, as well as with internal regulations, policies and code; and</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">i</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">) provide its opinion on the matters submitted to it by the Board of Directors, as well as on those matters it determines to be relevant</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">f) review, monitor and recommend to management any corrections or improvements to be made to the Company&#8217;s corporate policies, including the Conflict of Interest and Related Party Transactions Corporate Policy; </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">g) establish procedures for the acceptance and handling of information submitted by any party relating to alleged noncompliance with applicable legal and regulatory requirements applicable to the Company, in addition to internal regulations, policies and codes, including procedures for confidential or anonymous submission, safeguarding information secrecy;&nbsp; </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">h) interact with the other Company&#8217;s governing bodies in connection with the receipt and review of information on noncompliance with legal and regulatory requirements applicable to the Company, as well as with internal regulations, policies and code; and</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">i</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">) provide its opinion on the matters submitted to it by the Board of Directors, as well as on those matters it determines to be relevant</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">f) review, monitor and recommend to management any corrections or improvements to be made to the Company&#8217;s corporate policies, including the Conflict of Interest and Related Party Transactions Corporate Policy; </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">g) establish procedures for the acceptance and handling of information submitted by any party relating to alleged noncompliance with applicable legal and regulatory requirements applicable to the Company, in addition to internal regulations, policies and codes, including procedures for confidential or anonymous submission, safeguarding information secrecy;&nbsp; </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">h) interact with the other Company&#8217;s governing bodies in connection with the receipt and review of information on noncompliance with legal and regulatory requirements applicable to the Company, as well as with internal regulations, policies and code; and</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">i</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">) provide its opinion on the matters submitted to it by the Board of Directors, as well as on those matters it determines to be relevant</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section II &#8211; People and Sustainability Committee</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 40.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The People and Sustainability Committee shall have a majority of Director in its composition, with a minimum of 2 independent Directors. </font></p>
<p style="margin: 0pt; text-align: center;"><br></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section II &#8211; People and Sustainability Committee</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 40.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The People and Sustainability Committee shall have a majority of Director in its composition, with a minimum of 2 independent Directors. </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section II &#8211; People and Sustainability Committee</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 40.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The People and Sustainability Committee shall have a majority of Director in its composition, with a minimum of 2 independent Directors. </font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<tr style="height: 15.85pt;">
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> The People and Sustainability Committee shall:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a) propose to the Board of Directors the compensation to be paid to the directors and executive officers and senior employees of the Company and its controlled companies, to the members of the committees and of other governing bodies assisting the Board of Directors, pursuant to the proposal received from the Chief Executive Officer, and periodically revise the parameters and guidelines and, as a result, the Compensation Policy and other benefits of the Company;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b) propose to the Board of Directors, pursuant to the proposal received from the Chief Executive Officer, the overall compensation of the directors and executive officers of the Company, which shall be submitted to the Shareholders&#8217; Meeting, and propose the individual compensation of the Board of Executive Officers; </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c) ensure that the Company prepares itself adequately for the succession of its </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">directors, executive officers and other key employees, particularly the Chief Executive Officer and the principal executive officers;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">d) carry out diligence and supervise the steps taken to ensure that the Company adopts a model of competence and leadership, attraction, retention and motivation in line with its strategic plans; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">e) carry out diligence and supervise the steps and goals proposed by the management related to the sustainability of operations and the development of its material themes, as well as monitoring their compliance.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>











</td>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> The People and Sustainability Committee shall:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a) propose to the Board of Directors the compensation to be paid to the directors and executive officers and senior employees of the Company and its controlled companies, to the members of the committees and of other governing bodies assisting the Board of Directors, pursuant to the proposal received from the Chief Executive Officer, and periodically revise the parameters and guidelines and, as a result, the Compensation Policy and other benefits of the Company;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b) propose to the Board of Directors, pursuant to the proposal received from the Chief Executive Officer, the overall compensation of the directors and executive officers of the Company, which shall be submitted to the Shareholders&#8217; Meeting, and propose the individual compensation of the Board of Executive Officers; </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c) ensure that the Company prepares itself adequately for the succession of its </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">directors, executive officers and other key employees, particularly the Chief Executive Officer and the principal executive officers;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">d) carry out diligence and supervise the steps taken to ensure that the Company adopts a model of competence and leadership, attraction, retention and motivation in line with its strategic plans; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">e) carry out diligence and supervise the steps and goals proposed by the management related to the sustainability of operations and the development of its material themes, as well as monitoring their compliance.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> The People and Sustainability Committee shall:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a) propose to the Board of Directors the compensation to be paid to the directors and executive officers and senior employees of the Company and its controlled companies, to the members of the committees and of other governing bodies assisting the Board of Directors, pursuant to the proposal received from the Chief Executive Officer, and periodically revise the parameters and guidelines and, as a result, the Compensation Policy and other benefits of the Company;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b) propose to the Board of Directors, pursuant to the proposal received from the Chief Executive Officer, the overall compensation of the directors and executive officers of the Company, which shall be submitted to the Shareholders&#8217; Meeting, and propose the individual compensation of the Board of Executive Officers; </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c) ensure that the Company prepares itself adequately for the succession of its </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">directors, executive officers and other key employees, particularly the Chief Executive Officer and the principal executive officers;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">d) carry out diligence and supervise the steps taken to ensure that the Company adopts a model of competence and leadership, attraction, retention and motivation in line with its strategic plans; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">e) carry out diligence and supervise the steps and goals proposed by the management related to the sustainability of operations and the development of its material themes, as well as monitoring their compliance.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section III &#8211; Investments Committee </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 41.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> The Investments Committee shall be comprised entirely of Directors and its duties shall be as follows.</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section III &#8211; Investments Committee </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 41.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> The Investments Committee shall be comprised entirely of Directors and its duties shall be as follows.</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section III &#8211; Investments Committee </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 41.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> The Investments Committee shall be comprised entirely of Directors and its duties shall be as follows.</font></p>
<p style="margin: 0pt; text-align: center;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph. The Investments Committee shall be responsible for the following duties:</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph. The Investments Committee shall be responsible for the following duties:</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph. The Investments Committee shall be responsible for the following duties:</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(a) to evaluate and recommend the Company&#8217;s relevant investments, acquisitions or divestments as provided in the policies adopted by the Company; and</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(b) to monitor the capital allocation strategy and the portfolio management of the Company as defined by the Board of Directors, including mergers and acquisitions operations. </font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(a) to evaluate and recommend the Company&#8217;s relevant investments, acquisitions or divestments as provided in the policies adopted by the Company; and</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(b) to monitor the capital allocation </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">strategy and the portfolio management of the Company as defined by the Board of Directors, including mergers and acquisitions operations. </font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(a) to evaluate and recommend the Company&#8217;s relevant investments, acquisitions or divestments as provided in the policies adopted by the Company; and</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(b) to monitor the capital allocation </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">strategy and the portfolio management of the Company as defined by the Board of Directors, including mergers and acquisitions operations. </font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER VIII</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Fiscal Council</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 42</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The Company&#8217;s Fiscal Council shall be non-permanent and, when installed by the Shareholders&#8217; Meeting as provided in Brazilian Federal Law 6,404/76, shall be comprised of 3 members and an equal number of alternate members, with such duties, powers and compensation as provided for by law.&nbsp; The Fiscal Council shall have a term of office of 1 year, with reelection being permitted.</font></p>
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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER VIII</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Fiscal Council</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 42</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The Company&#8217;s Fiscal Council shall be non-permanent and, when installed by the Shareholders&#8217; Meeting as provided in Brazilian Federal Law 6,404/76, shall be comprised of 3 members and an equal number of alternate members, with such duties, powers and compensation as provided for by law.&nbsp; The Fiscal Council shall have a term of office of 1 year, with reelection being permitted.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER VIII</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Fiscal Council</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 42</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The Company&#8217;s Fiscal Council shall be non-permanent and, when installed by the Shareholders&#8217; Meeting as provided in Brazilian Federal Law 6,404/76, shall be comprised of 3 members and an equal number of alternate members, with such duties, powers and compensation as provided for by law.&nbsp; The Fiscal Council shall have a term of office of 1 year, with reelection being permitted.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186; Once the Fiscal Council has been installed, the commencement of the term of its full and alternate members shall be conditioned on the execution of the respective indeed of investiture, which shall cover their consent to the contents of Article 51 hereof. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186; Once the Fiscal Council has been installed, the commencement of the term of its full and alternate members shall be conditioned on the execution of the respective indeed of investiture, which shall cover their consent to the contents of Article 51 hereof. </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186; Once the Fiscal Council has been installed, the commencement of the term of its full and alternate members shall be conditioned on the execution of the respective indeed of investiture, which shall cover their consent to the contents of Article 51 hereof. </font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186; The Fiscal Council shall hold regular meetings once every quarter, and extraordinary meetings whenever necessary, and shall keep minutes of such meetings in the Company&#8217;s records.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186; The Fiscal Council shall hold regular meetings once every quarter, and extraordinary meetings whenever necessary, and shall keep minutes of such meetings in the Company&#8217;s records.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186; The Fiscal Council shall hold regular meetings once every quarter, and extraordinary meetings whenever necessary, and shall keep minutes of such meetings in the Company&#8217;s records.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186; The same obligations and </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">restrictions imposed by law, these Bylaws and the New Market Regulation on the directors and executive officers of the Company shall apply to the members of the Fiscal Council.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186; The same obligations and </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">restrictions imposed by law, these Bylaws and the New Market Regulation on the directors and executive officers of the Company shall apply to the members of the Fiscal Council.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186; The same obligations and </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">restrictions imposed by law, these Bylaws and the New Market Regulation on the directors and executive officers of the Company shall apply to the members of the Fiscal Council.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER IX</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Tender Offers</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section I &#8211; Sale of a Controlling Interest</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 43</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. A direct or indirect sale of the controlling interest in the Company, either in a single transaction, or in a series of successive transactions, shall be conditioned upon the buyer making a tender offer for shares issued by the Company held by the remaining shareholders, subject to the conditions and terms set forth under the applicable laws and regulations and in the New Market Regulation, in order to provide shareholders equal treatment to that afforded to the seller.</font></p>











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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER IX</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Tender Offers</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section I &#8211; Sale of a Controlling Interest</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 43</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. A direct or indirect sale of the controlling interest in the Company, either in a single transaction, or in a series of successive transactions, shall be conditioned upon the buyer making a tender offer for shares issued by the Company held by the remaining shareholders, subject to the conditions and terms set forth under the applicable laws and regulations and in the New Market Regulation, in order to provide shareholders equal treatment to that afforded to the seller.</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER IX</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Tender Offers</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section I &#8211; Sale of a Controlling Interest</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 43</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. A direct or indirect sale of the controlling interest in the Company, either in a single transaction, or in a series of successive transactions, shall be conditioned upon the buyer making a tender offer for shares issued by the Company held by the remaining shareholders, subject to the conditions and terms set forth under the applicable laws and regulations and in the New Market Regulation, in order to provide shareholders equal treatment to that afforded to the seller.</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The buyer of a controlling interest shall, after the financial settlement of the foregoing tender offer, take the appropriate actions to, over the course of the subsequent 18 months, restore the minimum percentage of outstanding shares as per the New Market Regulation. </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The buyer of a controlling interest shall, after the financial settlement of the foregoing tender offer, take the appropriate actions to, over the course of the subsequent 18 months, restore the minimum percentage of outstanding shares as per the New Market Regulation. </font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The buyer of a controlling interest shall, after the financial settlement of the foregoing tender offer, take the appropriate actions to, over the course of the subsequent 18 months, restore the minimum percentage of outstanding shares as per the New Market Regulation. </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section II &#8211; Acquisition of Relevant Interest</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; 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: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 44</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. Any person, regardless of whether he/she is a shareholder, which, on his/her own account or through Joint Action with another person (&#8220;Purchaser of a Relevant Interest&#8221;), acquires or becomes the holder of Company shares, through a single transaction or a series of successive transactions, representing 20% or more of its capital stock (&#8220;Relevant Interest&#8221;), shall be required to make a tender offer for the acquisition of the shares held by the remaining shareholders at a price equal to the highest value per share paid by him/her in the preceding 6 months, adjusted pursuant to the SELIC Rate.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>











</td>
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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section II &#8211; Acquisition of Relevant Interest</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 44</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. Any person, regardless of whether he/she is a shareholder, which, on his/her own account or through Joint Action with another person (&#8220;Purchaser of a Relevant Interest&#8221;), acquires or becomes the holder of Company shares, through a single transaction or a series of successive transactions, representing 20% or more of its capital stock (&#8220;Relevant Interest&#8221;), shall be required to make a tender offer for the acquisition of the shares held by the remaining shareholders at a price equal to the highest value per share paid by him/her in the preceding 6 months, adjusted pursuant to the SELIC Rate.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section II &#8211; Acquisition of Relevant Interest</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; 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: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 44</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. Any person, regardless of whether he/she is a shareholder, which, on his/her own account or through Joint Action with another person (&#8220;Purchaser of a Relevant Interest&#8221;), acquires or becomes the holder of Company shares, through a single transaction or a series of successive transactions, representing 20% or more of its capital stock (&#8220;Relevant Interest&#8221;), shall be required to make a tender offer for the acquisition of the shares held by the remaining shareholders at a price equal to the highest value per share paid by him/her in the preceding 6 months, adjusted pursuant to the SELIC Rate.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167;1&#186; The Purchaser of a Relevant Interest shall not be required to make the tender offer provided for in this Article, in case he/she shall timely and cumulatively: (a) notify the Company of his/her intent to exercise the right provided for in this Paragraph within 48 hours from the time he/she becomes owner of the Relevant Interest; and (b) sell, on a stock exchange, the number of shares of capital stock of the Company that exceeds the Relevant Interest, within 30 days from the date of the notice mentioned in item (a) of this Paragraph.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167;1&#186; The Purchaser of a Relevant Interest shall not be required to make the tender offer provided for in this Article, in case he/she shall timely and cumulatively: (a) notify the Company of his/her intent to exercise the right provided for in this Paragraph within 48 hours from the time he/she becomes owner of the Relevant Interest; and (b) sell, on a stock exchange, the number of shares of capital stock of the Company that exceeds the Relevant Interest, within 30 days from the date of the notice mentioned in item (a) of this Paragraph.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167;1&#186; The Purchaser of a Relevant Interest shall not be required to make the tender offer provided for in this Article, in case he/she shall timely and cumulatively: (a) notify the Company of his/her intent to exercise the right provided for in this Paragraph within 48 hours from the time he/she becomes owner of the Relevant Interest; and (b) sell, on a stock exchange, the number of shares of capital stock of the Company that exceeds the Relevant Interest, within 30 days from the date of the notice mentioned in item (a) of this Paragraph.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<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: 28.15pt;">
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











</th>











</tr>













<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167;2&#186; For purposes of calculating the limit of 20% set forth in the introductory paragraph of this Article, treasury shares </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">held by the Company shall be excluded.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167;2&#186; For purposes of calculating the limit of 20% set forth in the introductory paragraph of this Article, treasury shares </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">held by the Company shall be excluded.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167;</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">2&#186; For purposes of calculating the limit of 20% set forth in the introductory paragraph of this Article, treasury shares </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">held by the Company shall be excluded.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167;3&#186; The offer referred to in this Article shall not be required in the event any shareholder, or shareholders joined by a voting agreement registered with the Company, or shareholders who have a controlling relationship or are under common control are holders of more than one-half of the capital stock at the time of the acquisition of the Relevant Interest, excluding, for effects of such calculation, treasury shares held by the Company.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167;3&#186; The offer referred to in this Article shall not be required in the event any shareholder, or shareholders joined by a voting agreement registered with the Company, or shareholders who have a controlling relationship or are under common control are holders of more than one-half of the capital stock at the time of the acquisition of the Relevant Interest, excluding, for effects of such calculation, treasury shares held by the Company.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167;3&#186; The offer referred to in this Article shall not be required in the event any shareholder, or shareholders joined by a voting agreement registered with the Company, or shareholders who have a controlling relationship or are under common control are holders of more than one-half of the capital stock at the time of the acquisition of the Relevant Interest, excluding, for effects of such calculation, treasury shares held by the Company.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167;4&#186; The obligation to carry out the offer provided for in this Article shall not apply if the obligation to carry out the offer provided for in Article 43 is applicable.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167;4&#186; The obligation to carry out the offer provided for in this Article shall not apply if the obligation to carry out the offer provided for in Article 43 is applicable.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167;4&#186; The obligation to carry out the offer provided for in this Article shall not apply if the obligation to carry out the offer provided for in Article 43 is applicable.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section III &#8211; Deregistration as Publicly-Held Company and Withdrawal from the New Market</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 45</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The Company&#8217;s deregistration as a publicly-held company, shall be preceded by a tender offer for shares at a fair price, such a tender offer to abide by the procedures and requirements set forth in Brazilian Federal Law 6,404/76 and the CVM regulations governing tender offers for the purposes of deregistration as a publicly held company.</font></p>
<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: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section III &#8211; Deregistration as Publicly-Held Company and Withdrawal from the New Market</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 45</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The Company&#8217;s deregistration as a publicly-held company, shall be preceded by a tender offer for shares at a fair price, such a tender offer to abide by the procedures and requirements set forth in Brazilian Federal Law 6,404/76 and the CVM regulations governing tender offers for the purposes of deregistration as a publicly held company.</font></p>
<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: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Section III &#8211; Deregistration as Publicly-Held Company and Withdrawal from the New Market</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 45</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The Company&#8217;s deregistration as a publicly-held company, shall be preceded by a tender offer for shares at a fair price, such a tender offer to abide by the procedures and requirements set forth in Brazilian Federal Law 6,404/76 and the CVM regulations governing tender offers for the purposes of deregistration as a publicly held company.</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>49</font></font></td>








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<div style="width: 8.5in; margin: 0 auto;"><br>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 503px; width: 100%;" width="100%">

<tr style="height: 36px;">
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 36px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 36px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 36px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 36px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<tr style="height: 86px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 86px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 46</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company&#8217;s withdrawal from the New Market, be it voluntary, mandatory or as a result of a corporate reorganization, shall abide by the rules set forth in the New Market Regulation.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 86px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 46</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company&#8217;s withdrawal from the New Market, be it voluntary, mandatory or as a result of a corporate reorganization, shall abide by the rules set forth in the New Market Regulation.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 86px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 46</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The Company&#8217;s withdrawal from the New Market, be it voluntary, mandatory or as a result of a corporate reorganization, shall abide by the rules set forth in the New Market Regulation.</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 86px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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</tr>
<tr style="height: 157px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 157px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 47</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. As provided in the New Market Regulation and except for the provisions of Article 48, next, the Company&#8217;s voluntary withdrawal from the New Market, in order for its shares to be registered outside the New Market shall be preceded by a tender offer for shares in line with the procedures set forth in CVM Regulations governing tender offers for shares for the purposes of deregistration as a publicly listed company, and the following requirements:</font> </p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 157px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 47</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. As provided in the New Market Regulation and except for the provisions of Article 48, next, the Company&#8217;s voluntary withdrawal from the New Market, in order for its shares to be registered outside the New Market shall be preceded by a tender offer for shares in line with the procedures set forth in CVM Regulations governing tender offers for shares for the purposes of deregistration as a publicly listed company, and the following requirements:</font> </p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 157px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 47</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. As provided in the New Market Regulation and except for the provisions of Article 48, next, the Company&#8217;s voluntary withdrawal from the New Market, in order for its shares to be registered outside the New Market shall be preceded by a tender offer for shares in line with the procedures set forth in CVM Regulations governing tender offers for shares for the purposes of deregistration as a publicly listed company, and the following requirements:</font> </p>
<p style="margin: 0pt; text-align: justify;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 157px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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</tr>
<tr style="height: 69px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 69px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a) the price of the tender shall be fair and calculated pursuant to the parameters set forth in Article 4-A of Brazilian Federal Law 6,404/76 and the applicable CVM Regulations; and</font></p>
<p style="margin: 0pt; 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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 69px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a) the price of the tender shall be fair and calculated pursuant to the parameters set forth in Article 4-A of Brazilian Federal Law 6,404/76 and the applicable CVM Regulations; and</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 69px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a) the price of the tender shall be fair and calculated pursuant to the parameters set forth in Article 4-A of Brazilian Federal Law 6,404/76 and the applicable CVM Regulations; and</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 69px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 69px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 69px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b) holders of interests in excess of 1/3 of shares outstanding shall accept the tender offer or explicitly agree with withdrawal from the segment without selling their shares.</font></p>
<p style="margin: 0pt; 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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 69px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b) holders of interests in excess of 1/3 of shares outstanding shall accept the tender offer or explicitly agree with withdrawal from the segment without selling their shares.</font></p>
<p style="margin: 0pt; 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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 69px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b) holders of interests in excess of 1/3 of shares outstanding shall accept the tender offer or explicitly agree with withdrawal from the segment without selling their shares.</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 69px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 86px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 86px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph &#8211; For the purposes of Article, outstanding shares shall be only those whose holders explicitly agree </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">with withdrawal from the New Market or qualify for the tender offer auction as per the CVM regulations governing tender offers for the purposes of deregistration as a publicly listed company.</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 86px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph &#8211; For the purposes of Article, outstanding shares shall be only those whose holders explicitly agree </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">with withdrawal from the New Market or qualify for the tender offer auction as per the CVM regulations governing tender offers for the purposes of deregistration as a publicly listed company.</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 86px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph &#8211; For the purposes of Article, outstanding shares shall be only those whose holders explicitly agree </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">with withdrawal from the New Market or qualify for the tender offer auction as per the CVM regulations governing tender offers for the purposes of deregistration as a publicly listed company.</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 86px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>50</font></font></td>








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</div>
<div style="width: 8.5in; margin: 0 auto;"><br>
<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: 28.15pt;">
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 48.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Voluntary withdrawal from the New Market as provided in foregoing Article 47 may take place irrespective of a tender offer if such a waiver is approved by the Shareholders&#8217; Assembly, to convene:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 18pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a)</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp; &nbsp;</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">on first call with the attendance of shareholders representing, at least, 2/3 of all shares outstanding; or </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 18pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)<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;">&nbsp; &nbsp;</font></font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">on second call with any number of holders of outstanding shares in attendance. </font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 48.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Voluntary withdrawal from the New Market as provided in foregoing Article 47 may take place irrespective of a tender offer if such a waiver is approved by the Shareholders&#8217; Assembly, to convene:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 18pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a)<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;">&nbsp; &nbsp;</font></font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">on first call with the attendance of shareholders representing, at least, 2/3 of all shares outstanding; or </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 18pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)<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;">&nbsp; &nbsp;</font></font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">on second call with any number of holders of outstanding shares in attendance. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 48.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Voluntary withdrawal from the New Market as provided in foregoing Article 47 may take place irrespective of a tender offer if such a waiver is approved by the Shareholders&#8217; Assembly, to convene:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 18pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a)<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;">&nbsp; &nbsp;</font></font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">on first call with the attendance of shareholders representing, at least, 2/3 of all shares outstanding; or </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 18pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)<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;">&nbsp; &nbsp;</font></font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">on second call with any number of holders of outstanding shares in attendance. </font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Sole Paragraph &#8211; The decision regarding the foregoing waiver of a tender offer shall be made by a majority vote of the holders of outstanding shares in attendance at the Shareholders&#8217; Meeting.</font></p>
<p style="margin: 0pt; 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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Paragraph &#8211; The decision regarding the foregoing waiver of a tender offer shall be made by a majority vote of the holders of outstanding shares in attendance at the Shareholders&#8217; Meeting.</font></p>
<p style="margin: 0pt; 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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Paragraph &#8211; The decision regarding the foregoing waiver of a tender offer shall be made by a majority vote of the holders of outstanding shares in attendance at the Shareholders&#8217; Meeting.</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 49</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. A single tender offer may be made for more than one of the purposes provided for in this Chapter, in the New Market Regulation, in Brazilian Federal Law 6,404/76 or in the regulations issued by the CVM, provided that the procedures used in the tender offer are compatible with all requirements of each different tender offer, the tender </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">offer offerees do not suffer any damages and the authorization of the CVM is obtained, when required by applicable law.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 49</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. A single tender offer may be made for more than one of the purposes provided for in this Chapter, in the New Market Regulation, in Brazilian Federal Law 6,404/76 or in the regulations issued by the CVM, provided that the procedures used in the tender offer are compatible with all requirements of each different tender offer, the tender </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">offer offerees do not suffer any damages and the authorization of the CVM is obtained, when required by applicable law.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 49</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. A single tender offer may be made for more than one of the purposes provided for in this Chapter, in the New Market Regulation, in Brazilian Federal Law 6,404/76 or in the regulations issued by the CVM, provided that the procedures used in the tender offer are compatible with all requirements of each different tender offer, the tender </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">offer offerees do not suffer any damages and the authorization of the CVM is obtained, when required by applicable law.</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>51</font></font></td>








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</div>
<div style="width: 8.5in; margin: 0 auto;"><br>
<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: 28.15pt;">
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











</th>











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<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 50</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. To the extent the rights provided for in these Bylaws to shareholders with respect to tender offers are affected, the rules set forth by the New Market Regulation will prevail over the provisions herein. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 50</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. To the extent the rights provided for in these Bylaws to shareholders with respect to tender offers are affected, the rules set forth by the New Market Regulation will prevail over the provisions herein. </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 50</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. To the extent the rights provided for in these Bylaws to shareholders with respect to tender offers are affected, the rules set forth by the New Market Regulation will prevail over the provisions herein. </font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER X</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Arbitration Court</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 51.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> The Company, its shareholders, directors and executive officers and the full and alternate members of the Fiscal Council, if any, are required to submit to arbitration at the Market Arbitration Tribunal, pursuant to the rules thereof, any and all controversies arising between them, either related to or resulting from their status as issuer, shareholders, managers and members of the Fiscal Council, in particular if arising from the provisions set forth in Brazilian Federal Laws 6,385/76 and 6,404/76, in the Bylaws, in the rules enacted by the National Monetary Council, the Central Bank of Brazil and the CVM, as well as other rules applicable to capital markets in general, in addition to those set forth in the New Market Regulation, other B3 regulations and the New Market Participation Agreement.</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER X</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Arbitration Court</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 51.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> The Company, its shareholders, directors and executive officers and the full and alternate members of the Fiscal Council, if any, are required to submit to arbitration at the Market Arbitration Tribunal, pursuant to the rules thereof, any and all controversies arising between them, either related to or resulting from their status as issuer, shareholders, managers and members of the Fiscal Council, in particular if arising from the provisions set forth in Brazilian Federal Laws 6,385/76 and 6,404/76, in the Bylaws, in the rules enacted by the National Monetary Council, the Central Bank of Brazil and the CVM, as well as other rules applicable to capital markets in general, in addition to those set forth in the New Market Regulation, other B3 regulations and the New Market Participation Agreement.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER X</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Arbitration Court</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 51.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> The Company, its shareholders, directors and executive officers and the full and alternate members of the Fiscal Council, if any, are required to submit to arbitration at the Market Arbitration Tribunal, pursuant to the rules thereof, any and all controversies arising between them, either related to or resulting from their status as issuer, shareholders, managers and members of the Fiscal Council, in particular if arising from the provisions set forth in Brazilian Federal Laws 6,385/76 and 6,404/76, in the Bylaws, in the rules enacted by the National Monetary Council, the Central Bank of Brazil and the CVM, as well as other rules applicable to capital markets in general, in addition to those set forth in the New Market Regulation, other B3 regulations and the New Market Participation Agreement.</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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</tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER XI</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Fiscal Year</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 52</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The fiscal year begins on January 1st and ends on December 31st of each year.</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER XI</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Fiscal Year</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 52</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The fiscal year begins on January 1st and ends on December 31st of each year.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER XI</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Fiscal Year</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 52</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The fiscal year begins on January 1st and ends on December 31st of each year.</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>52</font></font></td>








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<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 710px; width: 100%;" width="100%">

<tr style="height: 36px;">
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 36px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 36px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 36px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











</th>
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 36px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<tr style="height: 240px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 240px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 53</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">After the balance sheet and the other financial statements are prepared, and after the deduction of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">accrued losses, the provision for income tax and, if applicable, the provision for directors&#8217; and executive officers&#8217; annual profit sharing, 5% of the net profit will be allocated to the legal reserve, up to the limit of 20% of the capital stock.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186; The remaining profit will have the following destination:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 240px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 53</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">After the balance sheet and the other financial statements are prepared, and after the deduction of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">accrued losses, the provision for income tax and, if applicable, the provision for directors&#8217; and executive officers&#8217; annual profit sharing, 5% of the net profit will be allocated to the legal reserve, up to the limit of 20% of the capital stock.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186; The remaining profit will have the following destination:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 240px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 53</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">After the balance sheet and the other financial statements are prepared, and after the deduction of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">accrued losses, the provision for income tax and, if applicable, the provision for directors&#8217; and executive officers&#8217; annual profit sharing, 5% of the net profit will be allocated to the legal reserve, up to the limit of 20% of the capital stock.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 1&#186; The remaining profit will have the following destination:</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 240px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 96px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 96px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a) 25% for payment of the mandatory dividend to the shareholders, deducted by semiannual or interim dividends that may have already been distributed;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 96px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a) 25% for payment of the mandatory dividend to the shareholders, deducted by semiannual or interim dividends that may have already been distributed; </font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 96px;">
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a) 25% for payment of the mandatory dividend to the shareholders, deducted by semiannual or interim dividends that may have already been distributed;</font></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 96px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 338px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 338px;">
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">by proposal of the managing bodies, up to 75% for creating an investment reserve, aimed at protecting the integrity of the Company&#180;s assets and to supplement its capital stock, in order to allow new investments to be made, up to the limit of 100% of the capital stock, provided that the balance of such reserve, when combined with other profit reserve balances, except for the unrealized profit reserve and the contingency reserves, shall not exceed 100% of the capital stock and, once such limit is reached, the shareholders&#8217; meeting shall determine the allocation of the surplus through an increase of the capital stock or in the distribution of dividends; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 338px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">by proposal of the managing bodies, up to 75% for creating an investment reserve, aimed at protecting the integrity of the Company&#180;s assets and to supplement its capital stock, in order to allow new investments to be made, up to the limit of 100% of the capital stock, provided that the balance of such reserve, when combined with other profit reserve balances, except for the unrealized profit reserve and the contingency reserves, shall not exceed 100% of the capital stock and, once such limit is reached, the shareholders&#8217; meeting shall determine the allocation of the surplus through an increase of the capital stock or in the distribution of dividends; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><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; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 338px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">b)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">by proposal of the managing bodies, up to 75% for creating an investment reserve, aimed at protecting the integrity of the Company&#180;s assets and to supplement its capital stock, in order to allow new investments to be made, up to the limit of 100% of the capital stock, provided that the balance of such reserve, when combined with other profit reserve balances, except for the unrealized profit reserve and the contingency reserves, shall not exceed 100% of the capital stock and, once such limit is reached, the shareholders&#8217; meeting shall determine the allocation of the surplus through an increase of the capital stock or in the distribution of dividends; and</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>











</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 338px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Current version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Proposed version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Amended version</font></p>











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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Comments/Justifications on proposed changes</font></p>











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<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c) the balance will be allocated according to the resolution adopted at the Shareholders&#8217; Meeting, which will </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">take into account the Board of Directors&#8217; proposal.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; 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: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 77px;">
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c) the balance will be allocated according to the resolution adopted at the Shareholders&#8217; Meeting, which will </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">take into account the Board of Directors&#8217; proposal.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; 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: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 77px;">
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">c) the balance will be allocated according to the resolution adopted at the Shareholders&#8217; Meeting, which will </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">take into account the Board of Directors&#8217; proposal.</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 77px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 183px;">
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186; The Company may, in addition to the annual balance sheet, prepare semiannual or interim balance sheets at any time, and the Board of Directors may, ad referendum of the Shareholders&#8217; Meeting, declare interim dividends to the account of retained earnings or profit reserves recorded in its latest annual or semiannual balance sheets.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; 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: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 183px;">
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186; The Company may, in addition to the annual balance sheet, prepare semiannual or interim balance sheets at any time, and the Board of Directors may, ad referendum of the Shareholders&#8217; Meeting, declare interim dividends to the account of retained earnings or profit reserves recorded in its latest annual or semiannual balance sheets.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 183px;">
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 2&#186; The Company may, in addition to the annual balance sheet, prepare semiannual or interim balance sheets at any time, and the Board of Directors may, ad referendum of the Shareholders&#8217; Meeting, declare interim dividends to the account of retained earnings or profit reserves recorded in its latest annual or semiannual balance sheets.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 183px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186; Dividends not claimed within 3 years from the date they were made available to the shareholders shall be forfeited to the Company.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; 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: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 86px;">
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186; Dividends not claimed within 3 years from the date they were made available to the shareholders shall be forfeited to the Company.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 86px;">
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#167; 3&#186; Dividends not claimed within 3 years from the date they were made available to the shareholders shall be forfeited to the Company.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 86px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER XII</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Miscellaneous</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 54</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The Company shall be liquidated as provided for by law, and the Shareholders&#180; Meeting shall decide the method of liquidation, appoint the liquidator and elect the Fiscal Council to operate during the liquidation process. </font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER XII</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Miscellaneous</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 54</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The Company shall be liquidated as provided for by law, and the Shareholders&#180; Meeting shall decide the method of liquidation, appoint the liquidator and elect the Fiscal Council to operate during the liquidation process. </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CHAPTER XII</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Miscellaneous</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 54</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The Company shall be liquidated as provided for by law, and the Shareholders&#180; Meeting shall decide the method of liquidation, appoint the liquidator and elect the Fiscal Council to operate during the liquidation process. </font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>











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<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 55</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The minutes of the Shareholders&#8217; Meetings, as well as the minutes of meetings of the Board of Directors and of the Board of Executive will be filed at the Registry of Commerce and published when they contain resolutions affecting third parties.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 129px;">
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 55</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The minutes of the Shareholders&#8217; Meetings, as well as the minutes of meetings of the Board of Directors and of the Board of Executive will be filed at the Registry of Commerce and published when they contain resolutions affecting third parties.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 129px;">
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Article 55</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. The minutes of the Shareholders&#8217; Meetings, as well as the minutes of meetings of the Board of Directors and of the Board of Executive will be filed at the Registry of Commerce and published when they contain resolutions affecting third parties.</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>











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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N/A</font></p>





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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;"><br></font></p>
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<p style="margin: 0pt; text-align: center;"><img src="img645e1870cb2c4130883d.jpg" alt="Graphics"><br><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<div style="margin: 0pt; text-align: center;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none;" href="#TOC" name="Bexii_112202573623698" class="customBookmark"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Exhibit </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">II</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> - Financial statements referring to the fiscal year ended on December 31, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2024</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">, including (</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">i</font></a><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none;" href="#" name="Bexii_112202573623698" class="customBookmark">) the Management Report of the fiscal</a> year ended on December 31, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2024</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">; (ii) Report from our Independent Auditors and (iii) </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Opinion</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">from our Fiscal Council</font></div>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: normal;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">To access </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultrapar&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Financial Statements for the year ended on December 31, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, please</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font><a href="http://www.sec.gov/Archives/edgar/data/1094972/000155485525000102/MainDocument.htm#BFS_2512025212314848"><font style="color: #0563c1; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">click here</font></a><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 11pt; line-height: 130%; margin: 0pt; 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'>55</font></font></td>









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  </div><div style="font-family: 'times new roman', times; font-size: 10pt; margin: 10pt 0pt; text-indent: 0pt;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BS234_142202524910848" class="customBookmark"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">Exhibit III &#8211; Management discussion and analysis on the financial conditions of the Company, under the terms of item 2 of the Reference
Form</font></a><br></div>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">2.1 - Comments on:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Introduction</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">The following comments should be read together with </font><font style="font-family: Aptos; line-height: inherit;">the</font> <font style="font-family: Aptos; line-height: inherit;">2024 </font><font style="font-family: Aptos; line-height: inherit;">consolidated financial statements</font><font style="font-family: Aptos; line-height: inherit;"> of Ultrapar</font><font style="font-family: Aptos; line-height: inherit;">, filed with the</font><font style="font-family: Aptos; line-height: inherit;"> CVM (Brazilian Securities and Exchange Commission)</font><font style="font-family: Aptos; line-height: inherit;"> on February 26, 2025, including the notes thereto, and other financial information included in other parts of this document.</font></font></p>
<h1 style="font-size: 10pt; line-height: 130%; margin: 6pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: -14.2pt; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">a.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">General financial and equity conditions</font></font></h1>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Company overview</font><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;"><br></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Ultrapar holds 87 years of history, with its origins going back to 1937, when Ernesto Igel founded Ultragaz, a company which pioneered the distribution of liquefied petroleum gas (LPG) as cooking gas. Since then, Ultrapar has become one of the largest business groups of Brazil, with an outstanding position in the energy, mobility and logistics segments through Ultragaz, Ipiranga</font><font style="font-family: Aptos; line-height: inherit;">,</font><font style="font-family: Aptos; line-height: inherit;"> Ultracargo</font><font style="font-family: Aptos; line-height: inherit;"> and Hidrovias do Brasil</font><font style="font-family: Aptos; line-height: inherit;">.</font></font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 8.25pt; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Ipiranga</font><font style="font-family: Aptos; line-height: inherit;">: a comprehensive ecosystem of mobility products and services</font><font style="font-family: Aptos; line-height: inherit;"> and </font><font style="font-family: Aptos; line-height: inherit;">one of the largest fuels and lubricants distribution companies and one of the most valuable brands in the country, with a network of approximately 5,900 service stations, in addition to 1.5 thousand AmPm stores, the largest convenience store </font><font style="font-family: Aptos; line-height: inherit;">network</font><font style="font-family: Aptos; line-height: inherit;"> in Brazil.</font></font></li>











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<li style="font-family: Symbol; font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 8.25pt; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Ultragaz</font><font style="font-family: Aptos; line-height: inherit;">: pioneer company and leader in the distribution of LPG in Brazil, it is a reference in innovation in the sector and has been expanding its offer of energy solutions for its customers, offering renewable energy, compressed natural gas (CNG), and biomethane. It serves </font><font style="font-family: Aptos; line-height: inherit;">around&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">60 thousand business customers and 11 million households, through a network that already exceeds 6 thousand resellers, in a safe, efficient and sustainable way.</font></font></li>











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<li style="font-family: Symbol; font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 8.25pt; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Ultracargo</font><font style="font-family: Aptos; line-height: inherit;">: the leading company in the sector of independent liquid bulk storage terminals in Brazil, it is present in the country&#8217;s main ports, handling fuels, biofuels, chemicals, and vegetable oils. It has advanced its growth strategy by expanding into inland areas, connecting Brazil&#8217;s coastline to its interior.</font></font></li>











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<li style="font-family: Symbol; font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 8.25pt; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Hidrovias do Brasil</font><font style="font-family: Aptos; line-height: inherit;">: a leader in waterway cargo transport in Brazil, mainly for handling of grains, minerals, fertilizers, and salt. It has four operations: an integrated logistics system in the Northern Corridor, coastal shipping, river navigation in the Southern Corridor, and port operation in Santos.</font></font></li>











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<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Overview of the 2024 fiscal year </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">In 2024, Ultrapar&nbsp;had another year of significant progress. Despite the volatility and uncertainties, our three main businesses delivered good&nbsp;operational results. We highlight the continued growth of Ultragaz and Ultracargo, and the resilience of&nbsp;Ipiranga, even in an environment of significant unlawful practices in the fuel </font><font style="font-family: Aptos; line-height: inherit;">market</font><font style="font-family: Aptos; line-height: inherit;">. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos;font-size: 9pt;"><font lang="EN-US">The
strong operational cash generation allowed the Company to maintain its
financial leverage ratio at comfortable levels, even with higher levels of
organic investments for the expansion of existing businesses and the
acquisition of a significant equity stake in Hidrovias do Brasil</font></font></font><font style="font-family: Aptos; line-height: inherit;">.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos;font-size: 9pt;"><font lang="EN-US">We
invested R$ 2.2 billion in 2024, allocating R$ 1.3 billion (59%) for expansion
and R$ 900 million for the maintenance. We also invested R$ 1.8 billion to
acquire a 42% stake in Hidrovias do Brasil, including the resources of the instrument
of advance for future capital increase, our largest capital allocation in a
single asset in the past 10 years, aiming at the long-term value generation
potential of the company. We also acquired a stake in Witzler for R$ 124
million, which complemented our portfolio of energy solutions at Ultragaz by
integrating a renewable energy trader</font></font></font><font style="font-family: Aptos; line-height: inherit;">. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos;font-size: 9pt;"><font lang="EN-US">We
celebrated 25 years as a publicly traded company by launching our new brand,
reflecting our essence and important attributes that drive us towards the future.
We evolved our governance model by establishing Boards of Directors in the business,
providing greater agility, autonomy, and accountability in each business, as
well as efficiency and influence in performance tracking. These actions
reaffirm and consolidate the Company strategy as a shareholder and capital
allocator focused on long-term value generation and solid governance, allowing
the Ultrapar Board of Directors discussions to focus on capital allocation,
portfolio management, and talent development aligned with our corporate culture</font></font></font><font style="font-family: Aptos; line-height: inherit;">.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">As part of our succession plan, we announced the planned transition process for the roles of Chief Executive Officer and Chief Financial and Investor Relations Officer, set to be concluded&nbsp;in April 2025. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Additionally, we advanced in our sustainability journey, a key&nbsp;component of Ultrapar&#8217;s strategy and the basis for updating our 2030 ESG 2030 plan, which will be completed&nbsp;in 2025.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt;"><font lang="EN-US">We
ended 2024 with net revenue of R$133 billion, 6% higher than in 2023. We
achieved a recurring EBITDA of R$ 5.4 billion and net income of R$ 2.5 billion,
of which R$ 769 million will be distributed as dividends to shareholders</font></font>.</font></p>



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<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt;"><font lang="EN-US">We
announced our investment plan for 2025, totaling R$ 2.5 billion. The amount
allocated for business expansions is R$ 1.5 billion of the total and includes
projects at Ipiranga, Ultragaz, and Ultracargo. The remaining will be directed
to asset maintenance, safety, service station upgrades, acquisition of bottles,
and investments in technology, particularly the ERP replacement at Ipiranga</font></font>.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt;"><font lang="EN-US">We
entered 2025 in a challenging global environment, marked by geopolitical
tensions, high interest rates, and economic instability. However, we are
prepared to face these challenges and seize opportunities with an engaged
leadership team and strengthened businesses, continuing our growth and
value-creation journey.</font></font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">b.</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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Capital structure</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">The Company&#8217;s subscribed and paid-up capital as of December 31, 2024 was R$ 6,621.8 million, comprising 1,115,439,503 common shares with no par value. In February 2025, 67,679 new common shares were issued as a result of the partial exercise of the subscription warrants from the acquisition of Extrafarma, approved by the Extraordinary General Shareholders&#8217; </font><font style="font-family: Aptos; line-height: inherit;">M</font><font style="font-family: Aptos; line-height: inherit;">eeting of </font><font style="font-family: Aptos; line-height: inherit;">January 31, 2014. As a result, the Company&#8217;s </font><font style="font-family: Aptos; line-height: inherit;">share </font><font style="font-family: Aptos; line-height: inherit;">capital is now divided into 1,115,507,182 common shares with no par value.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Ultrapar ended 2024 with a total net debt of R$ 7,755.6 million, compris</font><font style="font-family: Aptos; line-height: inherit;">ed</font><font style="font-family: Aptos; line-height: inherit;"> of a gross debt of R$ 14,302.1 million, leases payable of R$ 1,485.2 million and cash and financial investments of R$ 8,031.7 million, an increase of R$ 1,634.2 million in relation to the total net debt of 2023.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">As of December 31, 2024, Ultrapar&#8217;s equity was R$ 15,823.4 million, resulting in a total net debt to equity ratio of 49%.</font></p>
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<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">(R$ million)</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2024</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">% of equity</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Gross debt</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">14,302.1</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">90%</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Lease</font><font style="font-family: Aptos; line-height: inherit;">s</font><font style="font-family: Aptos; line-height: inherit;"> payable</font></font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,485.2</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9%</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Cash and financial investments</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">8,031.7</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">51%</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total net debt</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">7,755.6</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">49%</font></p>












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<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: Aptos; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; line-height: inherit;">The gross debt is calculated by summing up the credit facilities, financing, derivative financial instruments, and debentures.</font></font></p>
<h1 style="font-size: 10pt; line-height: 130%; margin: 6pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: -14.2pt; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">c.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Capacity to honor financial obligations</font></font></h1>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Our main sources of liquidity derive from (i) cash, cash equivalents and financial investments, (ii)</font><font style="font-family: Aptos; line-height: inherit;">&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">cash flow generated from our operations, and (iii) financing.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">We believe that these sources are sufficient to meet our current funding requirements, which include, but are not limited to, working capital, investments, amortization of debt and payment of dividends.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">The table below presents a summary of the financial liabilities and leases payable as of December 31, 2024 by the Company and its subsidiaries, listed by maturity. The amounts disclosed in this table are the contractual undiscounted cash flows, and, therefore, these amounts may be different from the amounts disclosed in the </font><font style="font-family: Aptos; line-height: inherit;">statement of financial position</font><font style="font-family: Aptos; line-height: inherit;">.</font></font></p>



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

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>57</font></font></td>



</tr>







</table>
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</div>
<div style="width: 8.5in; margin: 0 auto;">
<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: 90px; width: 100%; text-indent: 0px;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">(R$ million)</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Less than 1 year</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Between 1 and 3 years</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Between 3 and 5 years</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">More than 5 years</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 10px; width: 50%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Loans</font> <font style="font-family: Aptos; line-height: inherit;">including </font><font style="font-family: Aptos; line-height: inherit;">estimated interest on </font><font style="font-family: Aptos; line-height: inherit;">loans</font> <font style="font-family: Aptos; vertical-align: super; font-size: 8pt; line-height: inherit;">(1)(2)</font></font></p>












</td>
<td style="padding: 0px; vertical-align: middle; height: 10px; width: 10%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">4,087.8</font></p>












</td>
<td style="padding: 0px; vertical-align: middle; height: 10px; width: 10%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6,071.3</font></p>












</td>
<td style="padding: 0px; vertical-align: middle; height: 10px; width: 10%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">4,646.2</font></p>












</td>
<td style="padding: 0px; vertical-align: middle; height: 10px; width: 10%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,503.9</font></p>












</td>
<td style="padding: 0px; vertical-align: middle; height: 10px; width: 10%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">16,309.2</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;"><font style="font-size: 9pt;">Hedge instruments </font><font style="font-size: 8pt;"><sup>(3)</sup></font></font></font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">392.4</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">933.9</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(1,082.7)</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(779.8)</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">(536.2)</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Trade payables</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">3,518.4</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">3,518.4</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Trade payables - reverse factoring</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,014.5</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">1,014.5</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Lease</font><font style="font-family: Aptos; line-height: inherit;">s</font><font style="font-family: Aptos; line-height: inherit;"> payable</font></font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">355.3</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">523.9</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">346.6</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">892.0</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2,117.8</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Financial liabilities of customers</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">30.3</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">170.2</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">200.4</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Contingent consideration</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">42.2</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">42.2</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Other payables</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">159.9</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">18.0</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">177.9</font></p>












</td>












</tr>

























</table>
<p style="font-size: 8pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: Aptos; vertical-align: super; line-height: inherit;">(1)</font><font style="font-family: Aptos; 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 December 31, 2024.</font></font></p>
<p style="font-size: 8pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: Aptos; vertical-align: super; line-height: inherit;">(2)</font><font style="font-family: Aptos; line-height: inherit;"> Includes estimated interest on short-term and long-term loans until the contractually foreseen payment date.</font></font></p>
<p style="font-size: 8pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: Aptos; vertical-align: super; line-height: inherit;">(3)</font><font style="font-family: Aptos; line-height: inherit;"> 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 December 31, 2024. In the table above, only the derivative instruments with negative results at the time of settlement were considered.</font></font></p>
<h1 style="font-size: 10pt; line-height: 130%; margin: 6pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: -14.2pt; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">d.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Funding sources used for working capital and investments in non-current assets</font></font></h1>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ultrapar has resources to meet its cash needs by means of a combination of cash generated from operating activities and cash generated from financing activities, including new financing of debts and refinancing of some of the debts when they become due. </font></p>
<h1 style="font-size: 10pt; line-height: 130%; margin: 6pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: -14.2pt; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">e.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Funding sources for working capital and investments in non-current assets to be used in the event of liquidity shortfalls</font></font></h1>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">We had no liquidity shortfalls in 2024. We believe that Ultrapar has own resources and operati</font><font style="font-family: Aptos; line-height: inherit;">ng</font><font style="font-family: Aptos; line-height: inherit;"> cash generation sufficient to finance its needs for working capital and investments estimated for 2025. In addition, if necessary, we have access to third party financing resources.</font></font></p>
<h1 style="font-size: 10pt; line-height: 130%; margin: 6pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: -14.2pt; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">f.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Indebtedness level and debt profile</font></font></h1>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">For more information on indebtedness levels and the characteristics of the Company's debts, see note 15 to our 2024 consolidated financial statements.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Our gross debt was R$ 11,768.0 million as of December 31, 2023 compared to R$ 14,302.1 million as of December 31, 2024. Our short-term debt was equivalent to 17% of our gross debt for the year ended December 31, 2023, compared to 25% for the year ended December 31, 2024.</font></p>



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<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The table below shows the breakdown of our gross debt as of December 31, 2024:</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 263px; width: 100%; text-indent: 0px;" width="100%">

<tr style="height: 26px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 26px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Loans</font></p>
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">(R$ million)</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 26px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Index/ Currency</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 26px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Has a cross-default clause </font><font style="font-family: Aptos; font-weight: bold; vertical-align: super; line-height: inherit;">(1)</font></font></p>












</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 26px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Weighted average financial charges in 2024</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 26px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Amount of principal and interest accounted for</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; width: 50%; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Foreign currency-denominated:</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="vertical-align: top; height: 10px; width: 10%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"></td>
<td style="vertical-align: top; height: 10px; width: 10%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"></td>












</tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Notes in the foreign market</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">US$</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Yes</font></p>












</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.3%</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">4,711.0</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Foreign loan</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">JPY</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Yes</font></p>












</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1.3%</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">501.5</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Foreign loan</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">EUR$</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Yes</font></p>












</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">4.4%</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">778.1</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Foreign loan</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">US$</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Yes</font></p>












</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">4.6%</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">691.0</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total in foreign currency</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">6,681.7</font></p>












</td>












</tr>
<tr style="height: 13px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Brazilian Reais-denominated loans:</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












</td>












</tr>
<tr style="height: 20px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 20px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Debentures &#8211; CRA</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 20px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">IPCA</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 20px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Yes</font></p>












</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 20px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.3%</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 20px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2,456.1</font></p>












</td>












</tr>
<tr style="height: 12px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">CCB</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">CDI</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Yes</font></p>












</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">107.0%</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,464.6</font></p>












</td>












</tr>
<tr style="height: 14px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 14px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Debentures &#8211; Ultragaz</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 14px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">CDI +</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 14px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Yes</font></p>












</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 14px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.7%</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 14px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">731. 7</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Debentures &#8211; Ultracargo</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">IPCA</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Yes </font></p>












</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">4.1%</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">534.7</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Debentures &#8211; CRA</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Pre</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Yes</font></p>












</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">11.2%</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">477.8</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">CDCA</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">CDI +</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Yes</font></p>












</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.9%</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">534.4</font></p>












</td>












</tr>
<tr style="height: 12px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Debentures &#8211; CRA</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">CDI +</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Yes</font></p>












</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.7%</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">491.0</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">CDCA</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">CDI</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Yes</font></p>












</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">108.7%</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">293.4</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Constitutional Fund </font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">IPCA</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">No</font></p>












</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2.9%</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">114.5</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Debentures &#8211; Ultracargo</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">IPCA</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Yes</font></p>












</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6.3%</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">80.0</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">FINEP</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">TJLP</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">No</font></p>












</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1.0%</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.7</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total loans</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">7,178.9</font></p>












</td>












</tr>
<tr style="height: 16px;">
<td style="padding: 0px 4px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Currency and interest-rate hedging instruments result </font><font style="font-family: Aptos; vertical-align: super; line-height: inherit;">(2)</font></font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">441.67</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Gross debt </font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">14,302.1</font></p>












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</tr>

























</table>
<p style="font-size: 8pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">&#185; For more information on the terms of the cross early maturity clauses, see Item 2.</font><font style="font-family: Aptos; line-height: inherit;">f.iv.</font> </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">For more information on the composition, movement and maturity of the Company&#8217;s debt, see note 15.a to our 2024 consolidated financial statements.</font></p>
<h1 style="font-size: 10pt; line-height: 130%; margin: 6pt 0pt 0pt 14.3pt; orphans: 0; text-align: justify; text-indent: -14.3pt; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; letter-spacing: -0.05pt; line-height: inherit;">i.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: none; line-height: inherit;"> Significant loan and financing contracts </font></font></h1>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Notes in the foreign market</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">As of December 31, 2024, Ultrapar had R$ 4.7 billion in debt</font><font style="font-family: Aptos; line-height: inherit;">s </font><font style="font-family: Aptos; line-height: inherit;">related to the issuance of notes in the foreign market, all issued by Ultrapar International.</font> </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Foreign loans</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">As of December 31, 2024, Ultrapar had R$ 2.0 billion in </font><font style="font-family: Aptos; line-height: inherit;">debts</font><font style="font-family: Aptos; line-height: inherit;"> related to external financing, issued by Ultragaz and Iconic.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Debentures</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">As of December 31, 2024, Ultrapar had R$ 4.8 billion in debt</font><font style="font-family: Aptos; line-height: inherit;">s</font><font style="font-family: Aptos; line-height: inherit;"> related to the issuance of debentures, mark-to-market. Out of this amount, R$ 3.4 billion and R$ 0.7 billion were owed by Ipiranga, Ultragaz, and Ultracargo, respectively. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">For more information on our debt profile, hedging derivative financial instruments, risks and financial instruments, see notes 15 and 26 to our 2023 consolidated financial statements.</font></p>



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<h1 style="font-size: 10pt; line-height: 130%; margin: 6pt 0pt 0pt 14.3pt; orphans: 0; text-indent: -14.3pt; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; letter-spacing: -0.05pt; line-height: inherit;">ii.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: none; line-height: inherit;">Other long-term relationships with financial institutions</font></font></h1>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">In addition to the relationships mentioned in items 2.1.f.i. Relevant loan and financing contracts and 2.1.g. Limits of use of contracted loans and financing, Ultrapar maintains long-term relationships with financial institutions in connection with the ordinary course of the businesses, such as the payroll of its employees, credit and collection, acquisition, payments and currency and interest rate hedging instruments.</font></p>
<h1 style="font-size: 10pt; line-height: 130%; margin: 6pt 0pt 0pt 14.3pt; orphans: 0; text-indent: -14.3pt; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; letter-spacing: -0.05pt; line-height: inherit;">iii.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: none; line-height: inherit;">Subordination level of debts</font></font></h1>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">As of December 31, 2024, there was R$ 114.5 million in financing that had real guarantees. Additionally, there was R$ 13,586.9 million in financing without real guarantees but with endorsements, sureties, or promissory notes.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ultrapar and its subsidiaries provided endorsements in surety bonds for judicial and commercial proceedings amounting to R$ 97.9 million as of December 31, 2024.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; letter-spacing: -0.05pt; line-height: inherit;">iv.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-family: Aptos; font-weight: bold; text-decoration: none; line-height: inherit;">Any restrictions imposed on the issuer, especially related to indebtedness limits and contracting new debts, distribution of dividends, disposal of assets, issuance of new securities and disposal of a controlling equity stake, and whether the issuer has been in compliance therewith</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">As a result of issuing notes in the foreign market, Ultrapar and its subsidiaries are subject to certain obligations, which, if not met, may lead to the early maturity of the debt. These obligations include:</font></p>
<ul style="margin: 0pt; padding-left: 0pt; list-style-type: disc;">
<li style="font-family: Symbol; font-size: 8pt; font-style: normal; font-weight: normal; line-height: 130%; list-style-position: inside; margin: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">&nbsp;Restrictions on sale of all or almost all of the assets of Ultrapar and its subsidiaries Ultrapar International and Ipiranga;</font></font>
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</ul>
<ul style="margin: 0px; text-indent: 0px; padding-left: 0px;">
<li style="font-family: Symbol; font-size: 8pt; font-style: normal; font-weight: normal; line-height: 130%; list-style-position: inside; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">&nbsp;Restriction of encumbrances on assets exceeding US$ 150.0 </font><font style="font-family: Aptos; line-height: inherit;">million</font><font style="font-family: Aptos; line-height: inherit;"> (equivalent to R$</font><font style="font-family: Aptos; line-height: inherit;">&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">726.2 as of December 31, 2023) or 15% of the amount of the consolidated tangible assets.</font></font></li>












</ul>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ultrapar and its subsidiaries are in compliance with the commitments required by this debt. The restrictions imposed on Ultrapar and its subsidiaries are usual in operations of this nature and have not limited their ability to conduct their businesses so far.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ultrapar has no financial covenants in its financing agreements, however, all agreements have non-financial covenants that vary in accordance with their specificity.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Additionally, 99% of the issuances by Ultrapar and its subsidiaries, which make up its gross financial debt, have cross-acceleration clauses, as detailed in Item 2.f, and refer to cross default declarations of early maturity of debts of other companies within its economic group</font></p>
<h1 style="font-size: 10pt; line-height: 130%; margin: 6pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: -14.2pt; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">g.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Limits of use of contracted loans and financing and percentages already used</font></font></h1>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">In November 2024, Ultracargo obtained financing from Banco do Nordeste (BNB) through Fundo Constitucional do Nordeste (FNE), totaling R$ 252,820.6 million, maturing in 2041, which was partially released. As of December 31, 2024, the total released amount was R$ 151,464.1 million, of which approximately 34% had been used.</font></p>
<h1 style="font-size: 10pt; line-height: 130%; margin: 6pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: -14.2pt; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">h.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Significant</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;"> changes in each </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">item </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">of the statements </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">of income </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">and cash flow</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">s</font></font></h1>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Main changes in the consolidated statements of income for the year ended December 31, 2024 compared with the year ended December 31, 2023</font></p>
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<td style="vertical-align: middle; width: 155.95pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><br></td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Y</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">ear ended December 31, 2024</font></font></p>












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<td style="vertical-align: middle; width: 49.6pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">% net revenues from services</font></p>












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<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Y</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">ear ended December 31, 2023</font></font></p>












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<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">% net revenues from services</font></p>












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<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&#8710;(%)</font></p>
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2024 vs 2023</font></p>












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<td style="vertical-align: middle; width: 155.95pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Net revenue from sales and services</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">133,498.9 </font></p>












</td>
<td style="vertical-align: middle; width: 49.6pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">100%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">126,048.7</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">100%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6%</font></p>












</td>











</tr>
<tr style="height: 14.15pt;">
<td style="vertical-align: middle; width: 155.95pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Cost of products and services </font><font style="font-family: Aptos; line-height: inherit;">sold</font></font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(123,811.9)</font></p>












</td>
<td style="vertical-align: middle; width: 49.6pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">93%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(116,730.5)</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">93%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6%</font></p>












</td>











</tr>
<tr style="height: 14.15pt;">
<td style="vertical-align: middle; width: 155.95pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Gross profit</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9,687.0 </font></p>












</td>
<td style="vertical-align: middle; width: 49.6pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">7%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">9,318.2</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">7%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">4%</font></p>












</td>











</tr>
<tr style="height: 14.15pt;">
<td style="vertical-align: middle; width: 155.95pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">G</font><font style="font-family: Aptos; line-height: inherit;">eneral</font><font style="font-family: Aptos; line-height: inherit;">, a</font><font style="font-family: Aptos; line-height: inherit;">dministrative </font><font style="font-family: Aptos; line-height: inherit;">and selling </font><font style="font-family: Aptos; line-height: inherit;">expenses</font></font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(4,371.6)</font></p>












</td>
<td style="vertical-align: middle; width: 49.6pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">3%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(4,271.4)</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">3%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2%</font></p>












</td>











</tr>
<tr style="height: 14.15pt;">
<td style="vertical-align: middle; width: 155.95pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Other operating income (expenses), net</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(414.1)</font></p>












</td>
<td style="vertical-align: middle; width: 49.6pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(602.9)</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(31%)</font></p>












</td>











</tr>
<tr style="height: 14.15pt;">
<td style="vertical-align: middle; width: 155.95pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Results from disposal of assets</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">171.8 </font></p>












</td>
<td style="vertical-align: middle; width: 49.6pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">121.9</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">41%</font></p>












</td>











</tr>
<tr style="height: 14.15pt;">
<td style="vertical-align: middle; width: 155.95pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Operating income</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">5,073.1 </font></p>












</td>
<td style="vertical-align: middle; width: 49.6pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">4%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">4,565.9</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">4%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">11%</font></p>












</td>











</tr>
<tr style="height: 14.15pt;">
<td style="vertical-align: middle; width: 155.95pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Financial result</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(931.9)</font></p>












</td>
<td style="vertical-align: middle; width: 49.6pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(999.1)</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(7%)</font></p>












</td>











</tr>
<tr style="height: 14.15pt;">
<td style="vertical-align: middle; width: 155.95pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Income and social contribution taxes</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(1,485.6)</font></p>












</td>
<td style="vertical-align: middle; width: 49.6pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(1,060.9)</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">40%</font></p>












</td>











</tr>
<tr style="height: 14.15pt;">
<td style="vertical-align: middle; width: 155.95pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Share of profit (loss) of subsidiaries, joint ventures and associates</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(127.2)</font></p>












</td>
<td style="vertical-align: middle; width: 49.6pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">11.9</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>












</td>











</tr>
<tr style="height: 14.15pt;">
<td style="vertical-align: middle; width: 155.95pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Amortization of </font><font style="font-family: Aptos; line-height: inherit;">fair value adjustments on associates acquisition</font></font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(2.5)</font></p>












</td>
<td style="vertical-align: middle; width: 49.6pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>












</td>











</tr>
<tr style="height: 14.15pt;">
<td style="vertical-align: middle; width: 155.95pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Net income for the year</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2,525.9</font></p>












</td>
<td style="vertical-align: middle; width: 49.6pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2,517.8</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2%</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0%</font></p>












</td>











</tr>
<tr style="height: 14.15pt;">
<td style="vertical-align: middle; width: 155.95pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Income attributable to:</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="vertical-align: middle; width: 49.6pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












</td>











</tr>
<tr style="height: 14.15pt;">
<td style="vertical-align: middle; width: 155.95pt; padding: 0px 7px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Shareholders of Ultrapar</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2,362.7 </font></p>












</td>
<td style="vertical-align: middle; width: 49.6pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2,439.8</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(3%)</font></p>












</td>











</tr>
<tr style="height: 14.15pt;">
<td style="vertical-align: middle; width: 155.95pt; padding: 0px 7px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Non-controlling interests in subsidiaries</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">163.2 </font></p>












</td>
<td style="vertical-align: middle; width: 49.6pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">78.0</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>












</td>
<td style="vertical-align: middle; width: 56.7pt; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">109%</font></p>












</td>











</tr>
























</table>
<p style="font-size: 10pt; line-height: 1.2; 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'>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;"><a href="#TOC"></a><br></div>








</div>
<p style="margin:0pt"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Overview of sales volume</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; 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; text-indent: 0px; height: 65px; width: 100%;" width="100%">

<tr style="height: 11px;">
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 11px; 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="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 11px; 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="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2024</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 11px; 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="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2023</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 11px; 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="font-size: 10pt; line-height: 1.1; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&#8710; (%) </font></p>
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2024 vs 2023</font></p>












</td>












</tr>
<tr style="height: 18px;">
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px; width: 70%;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ipiranga (000 m&#179;)</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px; width: 10%;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">23,569.7</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px; width: 10%;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">23,105.1</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px; width: 10%;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2%</font></p>












</td>












</tr>
<tr style="height: 18px;">
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ultragaz (000 tons)</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,746.7</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,738.0</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1%</font></p>












</td>












</tr>
<tr style="height: 18px;">
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ultracargo (m&#179; sold - 000 m&#179;)</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">17,143.3</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">15,707.0</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9%</font></p>












</td>












</tr>

























</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The sales volume of Ipiranga in 2024 grew 2% compared to 2023, with a 5% growth in the Otto cycle, with a higher participation of ethanol at the expense of gasoline in the product mix, and a 1% drop in diesel, mainly in the spot market.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The volume sold by Ultragaz in 2024 showed a growth of 1% compared to 2023, resulting from a 3% increase in the bulk segment, mitigated by a 1% decrease in the bottled segment due to the competitive commercial environment during the first half of 2024.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The billed m&#179; of Ultracargo in 2024 increased by 9% compared to 2023, due to the start of operations in Opla and Rondon&#243;polis, in addition to the greater movement of fuels in Vila do Conde.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Net revenues</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; height: 105px; width: 100%;" width="100%">

<tr style="height: 38px;">
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 38px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">(R$ million)</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 38px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2024</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 38px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2023</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 38px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&#8710; (%) </font></p>
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2024 vs 2023</font></p>












</td>












</tr>
<tr style="height: 21px;">
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 21px; width: 70%;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Ipiranga</font><font style="font-family: Aptos; vertical-align: super; font-size: 8pt; line-height: inherit;">1</font></font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 21px; width: 10%;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">121,336.2</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 21px; width: 10%;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">114,551.8</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 21px; width: 10%;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6%</font></p>












</td>












</tr>
<tr style="height: 18px;">
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ultragaz</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">11,288.4</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">10,670.8</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6%</font></p>












</td>












</tr>
<tr style="height: 18px;">
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ultracargo</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,075.6</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,015.6</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6%</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Ultrapar</font><font style="font-family: Aptos; font-weight: bold; vertical-align: super; font-size: 8pt; line-height: inherit;">2</font></font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">133,498.9</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">126,048.7</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">6%</font></p>












</td>












</tr>

























</table>
<p style="font-size: 8pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">&#185; Balances of 2023 restated to reflect the new structure of Ipiranga, which now includes KMV</font><font style="font-family: Aptos; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font></p>
<p style="font-size: 8pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&#178; The information of Ultragaz, Ultracargo, and Ipiranga is presented on a non-consolidated basis</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ultrapar recorded net revenues of R$ 133,498.9 million in 2024, a 6% increase from 2023, mainly due to higher revenue from Ipiranga and Ultragaz.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ipiranga's net revenue increased by 6% in 2024 due to the pass-through of higher fuel costs and higher sales volume. Ultragaz's net revenue grew by 6% in 2024 due to the pass-through of higher LPG costs and higher sales volume. At Ultracargo, net revenue grew by 6% in 2024, reflecting higher billed m&#179;, despite lower spot sales. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Cost of products and services </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">sold</font></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; height: 92px; width: 100%;" width="100%">

<tr style="height: 36px;">
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 36px; 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="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">(R$ million)</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 36px; 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="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2024</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 36px; 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="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2023</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: bottom; height: 36px; 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="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&#8710; (%) </font></p>
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2024 vs 2023</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 70%; height: 10px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Ipiranga<font style="font-size: 8pt;"><sup>1</sup></font></font></font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%; height: 10px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">114,730.5</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%; height: 10px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">108,074.3</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%; height: 10px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5%</font></p>












</td>












</tr>
<tr style="height: 18px;">
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ultragaz</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">8,895.2</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">8,485.2</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6%</font></p>












</td>












</tr>
<tr style="height: 18px;">
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ultracargo</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">386.6</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">355.8</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9%</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Ultrapar<font style="font-size: 8pt;"><sup>2</sup></font></font></font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">123,811.9</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">116,730.5</font></p>












</td>
<td style="vertical-align: middle; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">6%</font></p>












</td>












</tr>

























</table>
<p style="font-size: 8pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">&#185; Balances of 2023 restated to reflect the new structure of Ipiranga, which now includes KMV</font><font style="font-family: Aptos; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font></p>
<p style="font-size: 8pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&#178; The information of Ultragaz, Ultracargo, and Ipiranga is presented on a non-consolidated basis</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">The cost of</font><font style="font-family: Aptos; line-height: inherit;"> products and services sold </font><font style="font-family: Aptos; line-height: inherit;">by Ultrapar amounted to R$ 123,811.9 million in 2024, a 6% increase compared to 2023, due to higher costs at Ipiranga and Ultragaz.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Ipiranga's cost of </font><font style="font-family: Aptos; line-height: inherit;">products</font><font style="font-family: Aptos; line-height: inherit;"> sold increased by 5% in 2024, as a result of higher fuel costs and higher sales volumes, partially offset by higher recognition of ext</font><font style="font-family: Aptos; line-height: inherit;">raordinary</font><font style="font-family: Aptos; line-height: inherit;"> tax credits. Ultragaz's cost of </font><font style="font-family: Aptos; line-height: inherit;">products</font><font style="font-family: Aptos; line-height: inherit;"> sold increased by 6% in 2024, due to the higher cost of LPG, higher sales volumes, and higher personnel expenses, partially offset by the recognition of extraordinary tax credits and the mark-to-market effect of energy futures contracts. Ultracargo's cost of services </font><font style="font-family: Aptos; line-height: inherit;">sold</font><font style="font-family: Aptos; line-height: inherit;"> increased by 9% in 2024, due to higher billed m&#179; and higher depreciation expenses, in line with the increased capacity. </font></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'>61</font></font></td>








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<div class="pageBreak" style="page-break-before: always;"><a href="#TOC"></a><br></div>








</div>
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<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Gross profit</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ultrapar registered gross profit of R$ 9,687.0 million in 2024, a 4% increase compared to 2023, mainly due to the increase in gross profit of the three main businesses.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">G</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">eneral</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">, </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">administrative </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">and selling </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">expenses </font></font></p>
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<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">(R$ million)</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2024</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2023</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&#8710; (%) </font></p>
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2024 vs 2023</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Ipiranga<font style="font-size: 8pt;"><sup>1</sup></font></font></font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">3,019.2</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2,933.3</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">3%</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ultragaz</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">950.7</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">924.7</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">3%</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ultracargo</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">187.4</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">178.7</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5%</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Ultrapar<font style="font-size: 8pt;"><sup>2</sup></font></font></font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">4,371.6</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">4,271.4</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2%</font></p>












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<p style="font-size: 8pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">&#185; Balances of 2023 restated to reflect the new structure of Ipiranga, which now includes KMV</font></font></p>
<p style="font-size: 8pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&#178; The information of Ultragaz, Ultracargo, and Ipiranga is presented on a non-consolidated basis</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Ultrapar recorded </font><font style="font-family: Aptos; line-height: inherit;">g</font><font style="font-family: Aptos; line-height: inherit;">eneral, administrative </font><font style="font-family: Aptos; line-height: inherit;">and selling </font><font style="font-family: Aptos; line-height: inherit;">expenses of R$ 4,371.6 million in 2024, an increase of 2% compared to 2023, mainly due to the impact of inflation and wage adjustments on personnel expenses.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">At Ipiranga, </font><font style="font-family: Aptos; line-height: inherit;">g</font><font style="font-family: Aptos; line-height: inherit;">eneral, administrative </font><font style="font-family: Aptos; line-height: inherit;">and selling </font><font style="font-family: Aptos; line-height: inherit;">expenses grew by 3% in 2024 due to higher personnel expenses (wage adjustments), technology service contracts, and one-time expenses for the relocation of offices in Rio de Janeiro and S&#227;o Paulo, partially offset by lower contingency expenses and one-time expenses related to the conclusion of the legacy network cleanup process in 2023.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">At Ultragaz, </font><font style="font-family: Aptos; line-height: inherit;">g</font><font style="font-family: Aptos; line-height: inherit;">eneral, administrative </font><font style="font-family: Aptos; line-height: inherit;">and selling </font><font style="font-family: Aptos; line-height: inherit;">expenses increased by 5% in 2024, reflecting higher personnel expenses (mainly due to wage adjustments and newly acquired businesses), mitigated by lower sales commission expenses. Ultracargo's </font><font style="font-family: Aptos; line-height: inherit;">ge</font><font style="font-family: Aptos; line-height: inherit;">neral, administrative </font><font style="font-family: Aptos; line-height: inherit;">and selling </font><font style="font-family: Aptos; line-height: inherit;">expenses grew by 5% in 2024, resulting from higher personnel expenses (mainly variable compensation and wage adjustments) and consultancy fees for expansion. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Other operating</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;"> income (expenses)</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">The other operating </font><font style="font-family: Aptos; line-height: inherit;">income (expenses)</font><font style="font-family: Aptos; line-height: inherit;"> line registered a negative R$ 414.1 million in 2024, an improvement of R$ 188.8 million compared to 2023, mainly due to a decrease in expenses with CBios at Ipiranga and the effect of the R$ 54 million reduction in the earnout payable for the acquisition of Stella by Ultragaz. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Results from disposal of assets</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The results from disposal of assets line totaled R$ 171.8 million in 2024, an increase of R$ 49.9 million compared to 2023, mainly due to Ipiranga&#8217;s greater disposal of land and other assets. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Operating </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">income be</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">fore </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">share of profit (loss) of subsidiaries, joint ventures and associates, </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;"> financial result and income and social contribution taxes</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Ultrapar presented an operating </font><font style="font-family: Aptos; line-height: inherit;">income before share of profit (loss) of subsidiaries, joint ventures and associates, financial result and </font><font style="font-family: Aptos; line-height: inherit;">income and social contribution taxes of R$ 5,073.1 million in 2024, 11% higher than in 2023, due to the effects described above. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Financial result</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Ultrapar reported financial expenses of R$ 931.9 million in 2024, compared to financial expenses of R$ 999.1 million in 2023, as a result of the positive effect of the decrease in the net debt cost and the </font><font style="font-family: Aptos; line-height: inherit;">effect of the </font><font style="font-family: Aptos; line-height: inherit;">decrease in the subscription </font><font style="font-family: Aptos; line-height: inherit;">warrants</font><font style="font-family: Aptos; line-height: inherit;">, partially offset by derivatives being marked to market.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Net income</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Net income totaled R$ 2,525.9 million in 2024, stable in relation to 2023.</font></p>



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<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Main changes in the statements of cash flows for the year ended December 31, 2024 compared with the year ended December 31, 2023</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">We reported a cash flow from operations of R$ 3,735.6 million in 2024, compared to R$ 3,849.8 million in 2023, due to higher investment in working capital, primarily because of a smaller imported mix.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The cash consumed by investing activities was R$ 6,388.0 million in 2024, compared to R$ 1,021.6 million in 2023, mainly due to higher investments and acquisitions, particularly in Hidrovias.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">In 2024, the cash consum</font><font style="font-family: Aptos; line-height: inherit;">ed by</font><font style="font-family: Aptos; line-height: inherit;"> financing activities was R$ 1,234.0 million, R$ 1,260.3 million lower than in 2023, primarily due to the increase in gross debt, partially offset by higher dividend payments and buyback.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">As a result, cash and cash equivalents totaled R$ 2,071.6 million in 2024 compared to R$ 5,925.7 million in 2023.</font></p>
<p style="margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; text-decoration: none; line-height: inherit;">2.2 - Comments on:</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; line-height: inherit;">a.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Issuer&#8217;s </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">operating results, especially:</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">i.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp; &nbsp;</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Description of major components of revenues</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">In 2024, more than 90% of Ultrapar's consolidated net revenue came from Ipiranga and Ultragaz. Therefore, the main components of this revenue are derived from the sale of diesel, gasoline, ethanol, and LPG. See "Item 2.2.c. Relevant effect of inflation, changes in prices of main inputs and products, foreign exchange, and interest rates on the issuer's operating and financial results".</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">ii.<font style="color: #000000; font-family: 'Times New Roman'; font-size: 12px; 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; line-height: inherit;">&nbsp; &nbsp;</font></font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Factors that materially affected operating results</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">See &#8220;Item 2.1.h. </font><font style="font-family: Aptos; line-height: inherit;">Significant</font><font style="font-family: Aptos; line-height: inherit;"> changes in each </font><font style="font-family: Aptos; line-height: inherit;">item </font><font style="font-family: Aptos; line-height: inherit;">of the </font><font style="font-family: Aptos; line-height: inherit;">statements of income and </font><font style="font-family: Aptos; line-height: inherit;">cash flow</font><font style="font-family: Aptos; line-height: inherit;">s</font><font style="font-family: Aptos; line-height: inherit;">&#8221;.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; line-height: inherit;">b.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Relevant changes in revenues attributable to introduction of new products and services and changes in volumes, prices, exchange rates and inflation </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">See &#8220;Item 2.1.h. </font><font style="font-family: Aptos; line-height: inherit;">Significant </font><font style="font-family: Aptos; line-height: inherit;">changes in each </font><font style="font-family: Aptos; line-height: inherit;">item </font><font style="font-family: Aptos; line-height: inherit;">of the statements </font><font style="font-family: Aptos; line-height: inherit;">of income </font><font style="font-family: Aptos; line-height: inherit;">and cash flow</font><font style="font-family: Aptos; line-height: inherit;">s</font><font style="font-family: Aptos; line-height: inherit;">&#8221; and &#8220;Item 2.2.c. Relevant effect</font><font style="font-family: Aptos; line-height: inherit;">s</font><font style="font-family: Aptos; line-height: inherit;"> of inflation, changes in prices of main inputs and products, foreign exchange and interest rates on the issuer&#8217;s operating and financial results&#8221;.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; line-height: inherit;">c.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Relevant effect</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">s</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;"> of inflation, changes in prices of main inputs and products, foreign exchange and interest rates on the issuer's operating and financial results</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Distribution of fuels</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">In 2022, oil prices exhibited high volatility due to uncertainties in the supply of derivatives, mainly caused by the conflict between Russia and Ukraine. During this period, Petrobras maintained its policy of adjusting diesel and gasoline prices linked to the international market, and the government took measures to reduce fuel costs, such as federal tax exemptions and state tax reductions.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">In 2023, Petrobras announced the adoption of a new policy that, in addition to considering the external market, takes into account national references, such as the customer's alternative cost and the marginal value for the company.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Additionally, in 2023, the conflict between Israel and Hamas significantly impacted fuel prices. The conflict occurs near the Middle East, a particularly sensitive region for global oil and derivatives trade due to the presence of major oil producers such as Saudi Arabia and Iran, despite not directly involving them. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">In 2024, prices remained unstable with ongoing geopolitical conflicts, inflation in major global economies, and concerns about the demand for oil and derivatives. In the Middle East, the developments of the war led to increased tensions and confrontations between the country and its neighbors. Despite not causing major interruptions in the supply of oil and derivatives, the war in the Middle East maintained a risk premium in prices throughout most of 2024.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Petrobras remained distant from the volatility of international prices and kept prices unchanged in Brazil in 2024, except for a single adjustment in gasoline prices by R$ 0.20 in July. Diesel prices did not change throughout the period. The last movement was in December 2023 when the company reduced diesel prices by R$ 0.30/L before an increase in federal taxes.</font></p>



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<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The graphs below show the variation in acquisition prices by distributors for gasoline and diesel at Petrobras refineries.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><img src="imgdb10220cbe134d179045.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"></p>
<p style="font-size: 8pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Source: Petrobras, Nymex, Bacen, and Argus. Import parity prices are referenced by the prices at the port of Paranagu&#225;.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The volume of gasoline and ethanol (Otto cycle) sold is mainly influenced by the circulating fleet of light vehicles, which, according to ANFAVEA data, registered about 2.5 million new vehicles licensed in Brazil in 2024. Diesel volume is correlated with the performance of the Brazilian economy, especially in the agricultural and consumer goods segments.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">The fuel distribution market (gasoline, ethanol and diesel) recorded volume growth of 4% compared to 2023, with an increase of 6% in the Otto cycle and 3% in diesel, according to ANP data. The volume of the Otto cycle and diesel was favored by the greater competitiveness of ethanol and the better performance of the economy. During the first half of 2024, there was an intensification of unlawful practices, mainly </font><font style="font-family: Aptos; line-height: inherit;">tax</font><font style="font-family: Aptos; line-height: inherit;"> benefits granted in Amap&#225;, revoked in April 2024, and an increase in the import of naphtha, which enters the country as a chemical industry input with a lower tax burden, but ends up being sold as gasoline without the full collection of taxes. In the second half, there was a reduction in irregularities in the Otto Cycle, but an increase in irregularities in diesel due to the non-blending of biodiesel as mandated.</font></font></p>



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<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Distribution of liquefied petroleum gas (LPG)</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">In 2022, the conflict between Russia and Ukraine increased the volatility of oil prices, especially in the first half of the year, with a direct impact on international LPG prices. As a result, Petrobras announced a new adjustment in LPG prices in March 2022. In the second half of 2022, international oil prices fell. Consequently, in September, October, November, and December 2022, Petrobras made new adjustments to LPG prices, reducing prices by approximately 23% when comparing August 2022 to December 2022.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">In May 2023, Petrobras announced that fuel prices (including LPG) would no longer be guaranteed at the international parity price, as per the previous pricing policy. The new pricing policy aims to avoid immediately passing on episodes of high market volatility to consumers. Besides the change in pricing policy, LPG prices were affected by the change in the ICMS taxation rule. Starting in May 2023, the tax changed from &#8220;ad rem&#8221; to &#8220;ad valorem,&#8221; with a fixed value per state of R$</font><font style="font-family: Aptos; line-height: inherit;">&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">1.257/kg. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Petrobras made a price adjustment in July 2024, increasing prices by 9.7%.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">In recent years, Petrobras' pricing policy has followed international parity prices. The table below shows Petrobras' adjustments for LPG over the last three years:</font></p>
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<p style="font-size: 10pt; line-height: 130%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Mar-22</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">16.2%</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Apr-22</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-5.6%</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Sep-22</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-10.4%</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Nov-22</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-5.3%</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Dec-22</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-9.7%</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">May-23</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-21.1%</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Jul-23</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-3.9%</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Jul-24</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9.6%</font></p>












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<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Any sharp fluctuation in LPG prices may impact Ultragaz's results if it is unable to pass through the costs or if the sales volume is impacted by higher prices. In addition, LPG bulk sales are correlated to economic growth, and thus, an acceleration or deceleration of the Brazilian GDP can affect Ultragaz's total sales volume. In the LPG market, total volume grew by 2% compared to 2023, according to ANP data. This growth was driven by a 6% increase in the bulk segment, driven&nbsp;by the country's economic growth, and a 1% increase in the bottled segment</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Effects of inflation over operating costs and expenses</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ultrapar&#8217;s operating costs and expenses are substantially in Reais, thus influenced by the general price levels in the Brazilian economy. In 2024, 2023 and 2022, the variation of IPCA (Consumer Prices Index), was 4.8%, 4.6% and 5.8%, respectively. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Financial result</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Ultrapar's net financial result mainly includes interest income and expenses on financial investments and financing and exchange rate variation. </font><font style="font-family: Aptos; line-height: inherit;">Therefore, the main impacts and risks of exchange and interest rates are described in the sections below</font><font style="font-family: Aptos; line-height: inherit;">.</font></font></p>



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<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Market risk &#8211; Exchange rate</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">As of December 31, 2024, the Company had a net foreign currency liability position of R$ 617.5 million (US$ 99.7 million), consisting of foreign currency liabilities totaling R$ 7,659.1 million (US$</font><font style="font-family: Aptos; line-height: inherit;">&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">1,236.9 million), primarily including foreign currency loans, gross of transaction costs and discounts, and accounts payable from imports, net of advances to foreign suppliers, partially offset by foreign currency assets totaling R$ 7,041.6 million (US$ 1,137.2 million), primarily including investments indexed to the US dollar and hedging instruments used to manage exchange rate fluctuations and exposure to foreign currency receivables. For more information on our exchange rate risk, see Note 26.a of our consolidated financial statements.</font></font><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Market risk &#8211; Interest rate</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: 1.2;">As of December 31, 2024, the Company had a net liability position exposed to floating interest rates of R$ 6,337.7 million (US$ 1,023.5 million), primarily including DI-linked loans totaling R$ 3,515.0 million (US$ 567.6 million), hedge instruments swapping fixed rates, inflation-indexed rates, or fixed foreign currency rates for floating interest rates totaling R$ 6,380.1 million (US$ 1,030.3 million), partially offset by cash, cash equivalents, or financial investments in Brazilian reais linked to floating rates totaling R$ 3,558.1 million (US$ 574.6 million). For more information on our interest rate risk, see Note 26.a of our consolidated financial statements.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-style: italic; font-weight: bold; line-height: inherit;">Sensitivity analysis with devaluation of the Real and interest rate increase</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The table below demonstrates the effects of exchange rate variation in different scenarios, based on the net liability position of R$ 617.5 million in foreign currency as of December 31, 2024:</font></p>
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<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Exchange rate - Real devaluation </font><font style="font-family: Aptos; font-weight: bold; vertical-align: super; line-height: inherit;">(i)</font></font></p>












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<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












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<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Interest rate increase </font><font style="font-family: Aptos; font-weight: bold; vertical-align: super; line-height: inherit;">(ii)</font></font></p>












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<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Effect on </font><font style="font-family: Aptos; line-height: inherit;">income</font><font style="font-family: Aptos; line-height: inherit;"> or loss</font></font></p>












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<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(28,637)</font></p>












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<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












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<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(260,723)</font></p>












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<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Total</font></p>












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<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(28,637)</font></p>












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<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












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<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(260,723)</font></p>












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<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: Aptos; vertical-align: super; line-height: inherit;">(i)</font><font style="font-family: Aptos; line-height: inherit;"> The average U.S. dollar rate of R$ 6.4226 was used for the sensitivity analysis, based on future market curves as of December 31, 2024 on the net position of the Company exposed to the currency risk, simulating the effects of devaluation of the Real in the statement of income. The closing rate considered was R$ 6.1923. The table above shows the effects of the exchange rate changes on the net liability position of R$ 617,478 (or US$ 99,716 using the closing rate) in foreign currency as of December 31, 2024.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: Aptos; vertical-align: super; line-height: inherit;">(ii)</font><font style="font-family: Aptos; 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 10.88% and the sensitivity rate was 14.77% according to reference rates made available by B3. </font></font></p>
<p style="margin: 10pt 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; text-decoration: none; line-height: inherit;">2.3 - Comments on:</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; line-height: inherit;">a.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Changes in accounting practices that have resulted in significant effects on the information included in fields 2.1 and 2.2</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">There are no IFRS standards, amendments and interpretations issued by the IASB which are effective and that could have significant impact on the financial statements as of December 31, 2023 and 2024 that have not been adopted by Ultrapar.</font></p>



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<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; line-height: inherit;">b.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Modified opinions and emphases of matters present in the auditor's </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">report</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">None.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">2.4</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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: none; line-height: inherit;">-&nbsp; Comments on material effects that the events below have caused or are expected to cause on the issuer&#8217;s financial statements and results:</font></font></p>
<p style="text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">a.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Introduction or disposal of operating segment</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Not applicable.</font></p>
<p style="margin: 7.65pt 0pt 0pt 18pt; orphans: 0; text-align: justify; text-indent: -18pt; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">b.</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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Establishment, acquisition or sale of ownership interest</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Hidrovias do Brasil </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">In </font><font style="font-family: Aptos; line-height: inherit;">March</font><font style="font-family: Aptos; line-height: inherit;"> 2024, Ultrapar </font><font style="font-family: Aptos; line-height: inherit;">reported</font> <font style="font-family: Aptos; line-height: inherit;">that</font><font style="font-family: Aptos; line-height: inherit;">, </font><font style="font-family: Aptos; line-height: inherit;">through</font><font style="font-family: Aptos; line-height: inherit;"> a </font><font style="font-family: Aptos; line-height: inherit;">subsidiary</font><font style="font-family: Aptos; line-height: inherit;">, it </font><font style="font-family: Aptos; line-height: inherit;">signed</font><font style="font-family: Aptos; line-height: inherit;"> a stock </font><font style="font-family: Aptos; line-height: inherit;">purchase</font> <font style="font-family: Aptos; line-height: inherit;">agreement</font> <font style="font-family: Aptos; line-height: inherit;">with</font><font style="font-family: Aptos; line-height: inherit;"> P&#225;tria HBSA </font><font style="font-family: Aptos; line-height: inherit;">Co-Investimento</font><font style="font-family: Aptos; line-height: inherit;"> &#8211; Fundo de Investimentos em Participa&#231;&#245;es Multiestrat&#233;gia; P&#225;tria Infraestrutura Brasil Fundo de Investimento em Participa&#231;&#245;es Multiestrat&#233;gia; P&#225;tria Infraestrutura Fundo de Investimento em Participa&#231;&#245;es Multiestrat&#233;gia; </font><font style="font-family: Aptos; line-height: inherit;">and</font> <font style="font-family: Aptos; line-height: inherit;">Sommerville</font><font style="font-family: Aptos; line-height: inherit;"> Investments B.V. </font><font style="font-family: Aptos; line-height: inherit;">to</font> <font style="font-family: Aptos; line-height: inherit;">acquire</font><font style="font-family: Aptos; line-height: inherit;"> 128,369,488 </font><font style="font-family: Aptos; line-height: inherit;">shares</font> <font style="font-family: Aptos; line-height: inherit;">of</font><font style="font-family: Aptos; line-height: inherit;"> Hidrovias, </font><font style="font-family: Aptos; line-height: inherit;">representing</font><font style="font-family: Aptos; line-height: inherit;"> 16.88% </font><font style="font-family: Aptos; line-height: inherit;">of</font><font style="font-family: Aptos; line-height: inherit;"> its </font><font style="font-family: Aptos; line-height: inherit;">share</font><font style="font-family: Aptos; line-height: inherit;"> capital, for R$ 3.98 per </font><font style="font-family: Aptos; line-height: inherit;">share</font><font style="font-family: Aptos; line-height: inherit;">. </font><font style="font-family: Aptos; line-height: inherit;">The transaction was concluded in May 2024, when Ultrapar also announced that it held shares representing 19.09% of Hidrovias's share capital, totaling a 35.97% stake. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Also in May 2024, upon obtaining sufficient evidence demonstrating its power to exercise significant influence over Hidrovias's financial and operational policy decisions, the Company began recognizing its equity in</font><font style="font-family: Aptos; line-height: inherit;">terest </font><font style="font-family: Aptos; line-height: inherit;">as an investment in an associate with significant influence.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Subsequently, throughout December 2024, Ultrapar acquired additional shares through the stock exchange (B3) and reached a 41.94% stake in Hidrovias's share capital.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">On December 26, 2024, Ultrapar signed an Advance for Future Capital Increase instrument with Hidrovias for an amount of R$ 500,000, which will be used for the future subscription and payment </font><font style="font-family: Aptos; line-height: inherit;">of Hidrovias shares in a capital increase to be approved by Hidrovias's Board of Directors in the first quarter of 2025.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">For more information, refer to Note 28.a in our 2024 financial statements.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Conclusion of Witzler acquisition by Ultragaz</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">On June 10, 2024, Ultrapar, through its subsidiary Ultragaz, signed an agreement to acquire a 51.7% stake in Witzler Participa&#231;&#245;es S.A. ("Witzler"). The initial payment, including a capital contribution of R$ 49.5 million, totaled R$ 104.5 million. The remaining amount of the transaction, totaling R$ 40.9 million, will be paid after fulfilling contractual clauses.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The acquisition is aligned with Ultragaz's strategy to expand the offering of energy solutions to its customers, enhancing its reach, commercial strength, brand, and extensive base of business and residential customers, consistent with what Ultrapar has been informing its shareholders and the capital market.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">For more information, refer to Note 28.b in our 2024 financial statements.</font></p>



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<h1 style="font-size: 10pt; line-height: 130%; margin: 6pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: -14.2pt; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">c.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Unusual events or transaction</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">s</font></font></h1>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Not applicable.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">2.5 - If the issuer has disclosed, during the last fiscal year, or wishes to disclose in this form, non-accounting measurements, such as EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) or EBIT (Earnings Before Interest and Taxes), the issuer must:</font></font></p>
<ol style="margin: 0pt; padding-left: 0pt; list-style-type: lower-alpha;">
<li style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: 120%; list-style-position: inside; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Inform the amount of the non-accounting measurements</font></li>










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<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">(R$ million)</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2024</font></p>












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<p style="font-size: 1pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












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<p style="font-size: 1pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Net cash (debt)&#185;</font></p>












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<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 10%; height: 20px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(7,755.6)</font></p>












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<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 1pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












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<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 1pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












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<p style="font-size: 8pt; line-height: 1.2; margin: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">&#185; Considers leases payable of R$</font><font style="font-family: Aptos; line-height: inherit;">&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">1,485.2 million</font></font></p>
<div style="margin: 10pt 0pt; padding-left: 0pt; line-height: 1.2; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 6pt 0pt 0pt !important;">b.  <font style="font-style: normal; font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Reconcile the amounts disclosed with the amounts in the audited financial statements </font></font></div>
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<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">(R$ million)</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2024</font></p>












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<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












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<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












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<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; width: 90%;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Cash and cash equivalents</font></p>












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<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; width: 10%;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2,071.6 </font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Financial investments and </font><font style="font-family: Aptos; line-height: inherit;">hedge </font><font style="font-family: Aptos; line-height: inherit;">derivative financial instruments &#8211; current</font></font></p>












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<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2,553.0 </font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Financial investments and </font><font style="font-family: Aptos; line-height: inherit;">hedge </font><font style="font-family: Aptos; line-height: inherit;">derivative financial instruments &#8211; non-current</font></font></p>












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<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">3,407.1 </font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Loans, financing, debentures, </font><font style="font-family: Aptos; line-height: inherit;">hedge </font><font style="font-family: Aptos; line-height: inherit;">derivative financial instruments and leases payable &#8211; current</font></font></p>












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<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(3,869.2)</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Loans, financing, debentures, </font><font style="font-family: Aptos; line-height: inherit;">hedge </font><font style="font-family: Aptos; line-height: inherit;">derivative financial instruments and leases payable &#8211; non-current</font></font></p>












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<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">(11,918.0)</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












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<p style="font-size: 10pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Net cash (debt)</font></p>












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<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; 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="font-size: 10pt; line-height: 130%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">(7,755.6) </font></p>












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<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-indent: 0px;"><br></p>
<div style="margin: 0px; padding-left: 0pt; line-height: 1.2; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 6pt 0pt 0pt !important;">c.  <font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Explain the reason why the issuer understands that such measurement is more appropriate for the correct understanding of its financial condition and the results of its operations</font></font></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Net cash (debt)</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">The disclosure of information about net cash aims to present an overview of the debt and financial position of the Company. Net debt is equal to cash, financial investments, and the asset position of short-term and long-term </font><font style="font-family: Aptos; line-height: inherit;">hedge d</font><font style="font-family: Aptos; line-height: inherit;">erivative financial instruments, minus loans, financing, debentures, the liability position of hedge derivative financial instruments, and short-term and long-term lease payables. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Net debt is not a measure of financial performance or liquidity under the accounting practices adopted in Brazil or IFRS. Ultrapar uses, in the management of its businesses, net debt as a way to evaluate its financial position. We believe that this measure works as an important tool to periodically compare the Company's financial position, as well as to base certain management decisions, which is why we believe it is important to include it in the Reference Form. However, these non-accounting measures are not indicators of financial performance in accordance with accounting practices, they do not have standardized meanings and methodologies, and they may not be directly comparable with metrics of the same or similar name published by other companies due to different calculation methodologies or items that may be subject to interpretation. Although non-accounting measures are frequently used by market investors and Management to analyze its financial and operating position, potential investors should not base their investment decision on this information as a substitute for accounting measures or as an indication of future results.</font></p>



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<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2.6 - Identify and comment on any event after the reporting period of the last financial statements that substantially change them</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">The authorization for issuance of Ultrapar's consolidated financial statements for the year ended December 31, 2024 was given by the Board of Directors on February 26, 2024. Below is a list of events that occurred between the two dates. For further details on subsequent events after this date, please refer to the "Events</font><font style="font-family: Aptos; line-height: inherit;"> after the Reporting Period</font><font style="font-family: Aptos; line-height: inherit;">" section of the 2024 quarterly </font><font style="font-family: Aptos; line-height: inherit;">information</font><font style="font-family: Aptos; line-height: inherit;">.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">External financing by Ultragaz</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">On February 14, 2025, Ultragaz obtained external financing (without financial covenants) in the amount of US$ 100 million (equivalent to R$ 577.9 million at the time of the transaction), with financial charges of SOFR + 0.91% p.a. and maturity on February 13, 2026. Additionally,</font><font style="font-family: Aptos; line-height: inherit;"> U.S. dollar</font><font style="font-family: Aptos; line-height: inherit;"> interest rate and foreign exchange hedging instruments were contracted, swapping financial charges to 102.9% of the DI rate. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Constitutional fund</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">ing</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> by Ultracargo</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">On February 6, 2025, Ultracargo obtained constitutional funding for the Northeast region (without financial covenants) in the amount of R$ 101.0 million, with financial charges of IPCA + 2.93% p.a. and maturity on November 15, 2041. Additionally, interest rate hedging instruments were contracted, swapping financial charges to 69.95% of the DI rate.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Issuance of shares</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">On February 26, 2025, the Company&#8217;s Board of Directors confirmed the issuance of 67,679 common shares within the authorized capital limit provided by art. 6 of </font><font style="font-family: Aptos; line-height: inherit;">Ultrapar</font><font style="font-family: Aptos; line-height: inherit;">'s Bylaws, due to the partial exercise of the rights conferred by the subscription warrants issued by the Company when the </font><font style="font-family: Aptos; line-height: inherit;">incorporation</font><font style="font-family: Aptos; line-height: inherit;"> of all Extrafarma shares by the Company, approved by the Extraordinary General </font><font style="font-family: Aptos; line-height: inherit;">Shareholders&#8217; </font><font style="font-family: Aptos; line-height: inherit;">Meeting of the Company held on January 31, 2014. The share capital of the Company is now represented by 1,115,507,182 common shares, all of which are registered and without par value. The issuance of shares resulting </font><font style="font-family: Aptos; line-height: inherit;">from the</font><font style="font-family: Aptos; line-height: inherit;"> partial exercise of subscription warrants do</font><font style="font-family: Aptos; line-height: inherit;">es</font><font style="font-family: Aptos; line-height: inherit;"> not generate increase of share capital value, since the entirety of Extrafarma&#8217;s assets was already reflected in Ultrapar&#8217;s </font><font style="font-family: Aptos; line-height: inherit;">statement of </font><font style="font-family: Aptos; line-height: inherit;">financial position on the act of incorporation of shares.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">2.7 &#8211; Comments on the allocation of the social results, indicating:</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; line-height: inherit;">a.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Rules on retained income</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">According to Ultrapar's Bylaws approved at the Annual and Extraordinary General Shareholders' Meeting held on April 17, 2024, once the </font><font style="font-family: Aptos; line-height: inherit;">statement of financial position </font><font style="font-family: Aptos; line-height: inherit;">and the financial statements for the year have been prepared and after deducting the accumulated losses, the provision for income tax payment and, if applicable, the provision for management&#8217;s profit sharing, 5% of the net income will be set aside to form the legal reserve, until it reaches 20% of the </font><font style="font-family: Aptos; line-height: inherit;">share </font><font style="font-family: Aptos; line-height: inherit;">capital. The remaining </font><font style="font-family: Aptos; line-height: inherit;">income</font><font style="font-family: Aptos; line-height: inherit;"> will have the following allocation:</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit; padding-left: 4pt;"><font style="font-family: Calibri; font-style: normal; font-weight: normal; letter-spacing: -0.05pt; line-height: inherit;">i.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">25% for the payment of mandatory dividend to shareholders, deducted by semiannual or interim dividends that may have already been declared;</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit; padding-left: 4pt;"><font style="font-family: Calibri; font-style: normal; font-weight: normal; letter-spacing: -0.05pt; line-height: inherit;">ii.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: Aptos; line-height: inherit;">by proposal of the management bodies, up to 75% for the constitution of the investment reserve, aimed at protecting the integrity of the Company&#180;s </font><font style="font-family: Aptos; line-height: inherit;">assets</font><font style="font-family: Aptos; line-height: inherit;"> and strengthen its capital, in order to allow new investments to be made, up to the limit of 100% of the </font><font style="font-family: Aptos; line-height: inherit;">share </font><font style="font-family: Aptos; line-height: inherit;">capital, provided that the balance of such reserve, when combined with other </font><font style="font-family: Aptos; line-height: inherit;">profit</font><font style="font-family: Aptos; line-height: inherit;"> reserve balances, except for the unrealized profit reserve and the contingency reserves, shall not exceed 100% of the </font><font style="font-family: Aptos; line-height: inherit;">share </font><font style="font-family: Aptos; line-height: inherit;">capital&nbsp; and, once such limit is reached, the General Shareholders&#8217; Meeting shall determine the allocation of the surplus through an increase of the capital or in dividends distribution; and</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit; padding-left: 4pt;"><font style="font-family: Calibri; font-style: normal; font-weight: normal; letter-spacing: -0.05pt; line-height: inherit;">iii.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">the balance will be allocated according to the resolution adopted at the General Shareholders&#8217; Meeting, which will take into account the Board of Directors&#8217; proposal.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The allocation of the amounts not only to the legal reserve, but also to the statutory reserve for investments in accordance with article 194 of the Brazilian Corporate Law and article 53.b of the Company's Bylaws, will be submitted for approval by the shareholders at the Annual and Extraordinary General Meeting to be held on April 16, 2025, in order to preserve the integrity of the Company's assets and strengthen its capital, allowing for new investments.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">i.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Amounts of retained earnings</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">As of December 31, 2024, the Company retained R$ 118.1 million as legal reserve and R$ 1,475.3 million as statutory reserve for investments. The Company has not retained any amount as a retained earnings reserve. </font><font style="font-family: Aptos; line-height: inherit;">Additionally, the Company did not have any amount in tax incentive reserve, contingency reserve, and unrealized profit reserve.</font></font></p>



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<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">ii.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Percentages in relation to total reported income</font></font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 130%; list-style-position: inside; margin: 6pt 0pt 0pt 17.85pt; orphans: 0; text-align: justify; text-indent: -17.85pt; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp; </font><font style="font-family: Aptos; line-height: inherit;">Legal reserve: 5%</font></font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 130%; list-style-position: inside; margin: 6pt 0pt 0pt 17.85pt; orphans: 0; text-align: justify; text-indent: -17.85pt; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp; </font><font style="font-family: Aptos; line-height: inherit;">Statutory reserve: 62%</font></font></li>
<li style="font-family: Symbol; font-size: 10pt; line-height: 130%; list-style-position: inside; margin: 6pt 0pt 0pt 17.85pt; orphans: 0; text-align: justify; text-indent: -17.85pt; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp; </font><font style="font-family: Aptos; line-height: inherit;">Retained earnings reserve: N/A</font></font></li>










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<h1 style="font-size: 10pt; line-height: 130%; margin: 6pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: -14.2pt; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; line-height: inherit;">b.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Rules on dividend distribution</font></font></h1>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Ultrapar declares and pays dividends and/or interest on </font><font style="font-family: Aptos; line-height: inherit;">equity</font><font style="font-family: Aptos; line-height: inherit;">, in accordance with the Brazilian Corporation Law and its Bylaws. The Board of Directors may approve the distribution of dividends and/or interest on equity, calculated based on the Company's annual or semiannual financial statements or financial statements for shorter periods. The amount of any distributions will depend on a number of factors, such as the Company's financial situation, prospects, macroeconomic conditions, tariff adjustments, regulatory changes, growth strategies and other matters that the Board of Directors and shareholders may consider relevant.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">According to the rules mentioned above contained in the Company's Bylaws approved at the Annual and Extraordinary General Shareholders' Meeting held on April 17, 2024, the Company must distribute to the shareholders a minimum mandatory dividend equivalent to 25% of the net income remaining after forming the legal reserve.</font></p>
<h1 style="font-size: 10pt; line-height: 130%; margin: 6pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: -14.2pt; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; line-height: inherit;">c.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Frequency of dividend distributions</font></font></h1>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Within the first four months following the end of each fiscal year, the shareholders meet in an Annual General Shareholders&#8217; Meeting to deliberate, among other matters, on the allocation of net income calculated in the year and the distribution of dividends to the shareholders. In 2024, Ultrapar distributed dividends on March 15 (related to the second half of 2023) and on August 23 (related to the first half of 2024).</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Furthermore, Ultrapar distributed dividends on March 14, 2025, as a complement to the amount already distributed in August 2024, referring to 2024.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ultrapar usually adopts the practice of semiannual distribution of dividends. In this case, the interim dividends are paid after the presentation of the second quarter financial statements and the remainder is paid after the presentation of the annual financial statements.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">According to the current legislation, dividends not claimed within three years are reverted to the Company.</font></p>
<h1 style="font-size: 10pt; line-height: 130%; margin: 6pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: -14.2pt; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; line-height: inherit;">d.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Any restrictions on dividend distribution imposed by legislation or special regulation applicable to the issuer, as well as contracts, judicial, administrative or arbitration decisions</font></font></h1>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The distribution of dividends will be subject to the limits set by the Brazilian Corporate Law, both quantitatively and regarding the frequency of its distribution, and the mandatory dividend will be equivalent to at least 25% of the adjusted net income, under the terms of the Bylaws and the Brazilian Corporate Law.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The distribution of dividends above the established minimum level depends on cash management parameters, in light of investment opportunities and debt reduction and their respective financial costs.</font></p>
<h1 style="font-size: 10pt; line-height: 130%; margin: 6pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: -14.2pt; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; line-height: inherit;">e.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">If the issuer has a formally approved policy for allocation of net income, inform the body responsible for approval, the date of approval and, if the issuer discloses the policy, the locations on the internet where the document can be found</font></font></h1>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">The Company does not have a formally approved policy for net income allocation. However, article 53 of its Bylaws approved at the Annual and Extraordinary General Shareholders&#8217; Meeting of April 17, 2024 establishes that 5% of the net income will be allocated to the legal reserve, up to the limit of 20% of the</font><font style="font-family: Aptos; line-height: inherit;"> share</font><font style="font-family: Aptos; line-height: inherit;"> capital. For further information, see Note 2.7.a.</font></font></p>



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<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; text-decoration: none; line-height: inherit;"><br></font></font></p>
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<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; text-decoration: none; line-height: inherit;">2.8 &#8211; Description of relevant items not </font><font style="font-family: Aptos; font-weight: bold; text-decoration: none; line-height: inherit;">disclosed</font><font style="font-family: Aptos; font-weight: bold; text-decoration: none; line-height: inherit;"> in the issuer's financial statements, indicating:</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; line-height: inherit;">a.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Assets and liabilities held by the issuer, whether directly or indirectly, which are off-balance sheet items, such as:</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit; padding-left: 17px;"><font style="font-family: Calibri; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">i.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Receivables portfolios written off, over which the entity has not retained nor substantially transferred the risks and rewards of ownership of the asset transferred, indicating the respective liabilities</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Not applicable.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit; padding-left: 17px;"><font style="font-family: Calibri; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">ii.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Future purchase and sale of products or services contracts</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Not applicable. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit; padding-left: 17px;"><font style="font-family: Calibri; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">iii.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Unfinished construction contracts</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Not applicable.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit; padding-left: 17px;"><font style="font-family: Calibri; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">iv.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Future financing agreements</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Not applicable.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; line-height: inherit;">b.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Other off-balance sheet </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">items</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Not applicable.&nbsp;&nbsp; </font></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; text-decoration: none; line-height: inherit;">2.9 Comments on off-balance sheet items in item 2.8</font></font></p>
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<li style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: 120%; list-style-position: inside; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">How such items change or may change revenues, expenses, operating income, financial expenses or other items of the issuer&#8217;s financial statements</font></font></li>












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<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Not applicable.</font></p>
<div style="margin: 10pt 0pt; padding-left: 0pt; line-height: 1.2; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: -18pt; margin: 8.45pt 0pt 0pt !important;">b. <font style="color: #000000; font-family: 'Times New Roman'; font-size: 12px; 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; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Nature and purpose of the transaction</font></font></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Not applicable.&nbsp; </font></p>
<div style="margin: 10pt 0pt; padding-left: 0pt; line-height: 1.2; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: -18pt; margin: 8.45pt 0pt 0pt !important;">c.  <font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;<font style="color: #000000; font-family: 'Times New Roman'; font-size: 12px; 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; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font></font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Nature and amount of obligations assumed by and rights conferred upon the issuer due to the transaction</font></font></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Not applicable. </font></p>
<p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; text-decoration: none; line-height: inherit;">2.10 </font><font style="font-family: Aptos; font-weight: bold; text-decoration: none; line-height: inherit;">Comments</font><font style="font-family: Aptos; font-weight: bold; text-decoration: none; line-height: inherit;"> on the main elements of the issuer&#8217;s business plan, specifically exploring the&nbsp;</font></font><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">following topics:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; line-height: inherit;">a.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Investments</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;"><br></font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">i.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Quantitative and qualitative description of the investments in progress and the estimated investments</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">In 2024, Ultrapar invested R$ 2.2 billion, of which R$ 1.3 billion (59%) was allocated to business expansion and R$ 909 million to maintenance and other investments. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Regarding the investment plan disclosed for 2024, the reduction is mainly explained by the phasing of projects that will be completed in 2025 (mainly infrastructure projects of Ipiranga and new terminals of Ultracargo) and by greater efficiency in project execution.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;">Ipiranga invested R$ 1.001 billion in 202<font style="font-family: Aptos;font-size: 9pt;">4,&nbsp;
















<font lang="EN-US">primarily allocated to the expansion and maintenance of service station
and franchise networks, logistics infrastructure, and technology platform
upgrades. Of the total investments, R$ 259 million refer to additions to fixed
and intangible assets, R$ 632 million to contractual assets with customers
(exclusive rights), and R$ 110 million to installments of financing granted to
customers and rent advances, net of receipts</font></font></font><font style="font-family: Aptos; line-height: inherit;">.</font></font></p>



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<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt;"><font lang="EN-US">Ultragaz invested R$ 437 million in 2024, mainly in facilities for new
bulk customers, acquisition and replacement of bottles, expansion into new
energy sectors, and operational maintenance</font></font>.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt;"><font lang="EN-US">Ultracargo&#8217;s investments totaled R$ 677 million in 2024, focusing on
construction or expansion projects at the terminals in Palmeirante, Opla,
Itaqui, Santos, and Rondon&#243;polis, payments for concessions at Vila do Conde and
Itaqui, and improvements for operational efficiency, maintenance, and safety at
the terminals</font></font>.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">For 2025, the investment plan totals R$ 2.542 billion, as communicated to the market on February 6.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The portion of investments in expansion (~60% of the total) prioritizes investments for the continued growth of the businesses, through capacity&nbsp;and capillarity exapnsion, and efficiency and productivity gains. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">At Ipiranga, investments in expansion are mainly focused on the branding of service stations, the expansion of the logistics infrastructure, and the TRR segment. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">At Ultragaz, investments in expansions are mainly focused on capturing new customers in the bulk segment, expanding new energies and infrastructure.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt;"><font lang="EN-US">Ultracargo will focus its expansion investments
mainly on concluding the increase in installed capacity at Santos (SP),
Palmeirante (TO), and Rondon&#243;polis (MT), the Opla railway branch, and the
ongoing expansion in Itaqui (MA). Additionally, the plan considers the start of
expansion in Suape (PE), with 40,000 m3 increase in installed capacity,
expected to be completed in 2026</font></font>.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Maintenance investments (~40% of the total) will be allocated to the&nbsp;sustaining of the business, and mainly include investments in assets' maintenance, safety, revitalization of service station, and acquisition of bottles. Additionally, Ipiranga will invest in its technology platform for&nbsp;ERP and satellite systems, with productivity and efficiency gains.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 14.2pt; text-indent: -14.2pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">ii.<font style="color: #000000; font-family: 'Times New Roman'; font-size: 12px; 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; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font></font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Sources of financing investments</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">For </font><font style="font-family: Aptos; line-height: inherit;">more details on the investment financing sources, see &#8220;Item 2.1.d. Funding sources used for working capital and investments in non-current assets&#8221; and &#8220;Item</font></font></p>
<p style="line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2.1.e. Funding sources for working capital and investments in non-current assets</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">to be used in the event of liquidity shortfalls</font><font style="font-family: Aptos; line-height: inherit;">&#8221;.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; break-after: avoid; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">iii.<font style="color: #000000; font-family: 'Times New Roman'; font-size: 12px; 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; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font></font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Relevant divestments in progress and planned divestments </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">There are no relevant divestments in progress or planned. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; line-height: inherit;">b.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Disclosed acquisitions of plants, equipment, patents or other assets that may materially affect the issuer&#8217;s production capacity</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">There are no disclosed acquisitions of plants, equipment, patents or other assets that may materially affect the issuer's production capacity.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; line-height: inherit;">c.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">New products and services</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit; padding-left: 22px;"><font style="font-family: Calibri; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">i.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp; &nbsp; &nbsp; &nbsp;</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Description of research in progress already disclosed</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit; padding-left: 22px;">ii.<font style="color: #000000; font-family: 'Times New Roman'; 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;">&nbsp; &nbsp; &nbsp;</font></font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Total amounts spent by the issuer on research to develop new products or services</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit; padding-left: 22px;"><font style="font-family: Calibri; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">iii.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;<font style="color: #000000; font-family: 'Times New Roman'; 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;">&nbsp; &nbsp; </font></font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Disclosed projects under development</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit; padding-left: 22px;"><font style="font-family: Calibri; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">iv.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;<font style="color: #000000; font-family: 'Times New Roman'; 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;">&nbsp; &nbsp; </font></font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Total amounts spent by the issuer to develop new products or services</font></font></p>



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<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Ultrapar</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ultrapar seeks to promote a culture of innovation across all companies in its portfolio. In 2024, through the Ultra Innovation Talks forum, it fostered debate on innovation and technology trends and their applicability within the organization, it also encourage&nbsp;the sharing of best practices and identificaiton&nbsp;of potential synergies among the Group's businesses.&nbsp; </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The venture capital UVC Investimentos supports the internal innovation process, with investments in 7 active startups that may have adjacent or potentially disruptive impacts&nbsp;to the portfolio businesses. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Ipiranga</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">At Ipiranga, a major transformational movement in&nbsp;the company's technology platform began. One of the main projects replacing&nbsp;of the operational&nbsp;system (ERP), which will bring&nbsp;significant improvements to&nbsp;company processes, making them more automated and efficient, and enhacing&nbsp;decision-making. Throughout the year, Ipiranga also adopted a new methodology for product innovation, refining&nbsp;the planning and execution phases&nbsp;and ensuring its Research &amp; Development (R&amp;D) process aligns&nbsp;more closely&nbsp;with sustainable and responsible practices. Another highlight of the year was the return of Texaco gas</font><font style="font-family: Aptos; line-height: inherit;">&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">stations to Brazil, thanks to a partnership with Chevron. For this, an innovative business model was developed where the reseller exclusively represents the Texaco brand in a region and collaboratively develops strategies with Ipiranga to boost their business. ICONIC, the joint venture between Ipiranga and Chevron, inaugurated its new Technology Center at its production unit in Duque de Caxias (RJ), making it one of the main private R&amp;D centers in the lubricant sector in Latin America. As part of Ipiranga's ecosystem, AmPm continued forming new partnerships to deliver innovative and memorable experiences to its customers. In early 2024, it formed a joint venture with Krispy Kreme to bring the brand's donuts exclusively to its proprietary</font><font style="font-family: Aptos; line-height: inherit;">&nbsp;and franchise store network. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Ultragaz</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ultragaz delivered various innovative solutions to its customers in 2024, the result of a consistent R&amp;D trajectory that has intensified since 2020. One of this solutions was the distribution of its first batch of BioLPG, in partnership with Refinaria Riograndense (RPR), in which Ultrapar holds a stake. Produced with soybean oil, BioLPG is a renewable alternative that has the same technical specifications and efficiency as LPG. It does not require changes to customers' existing infrastructure and reduces greenhouse gas (GHG) emissions&#8212;compared to coal, the reduction can reach up to 80%. Additionally, the distribution of biomethane by NEOG&#225;s was innovative in marketing renewable gas outside the country's pipeline network, enabling its interiorization and greater accessibility. Another milestone was the authorization granted by the National Agency of Petroleum, Natural Gas, and Biofuels (ANP) to evaluate LPG in new applications, which allowed Ultragaz to test Brazil's first irrigation pump powered by LPG, which can help address decarbonization&nbsp;challenges of agribusiness. Once again, the company was recognized at the Top Open Corps award as one of the organizations most engaged in&nbsp;open innovation with startups in Brazil &#8211; ranking second in the Oil &amp; Gas category.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Ultracargo</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;">Ultracargo continued to invest in incorporating cutting-edge technologies into its operations to further enhance safety and efficiency levels. A key innovation in 2024 was using robots for cleaning and inspecting water tanks in the fire-fighting<font style="font-family: Aptos; font-size: 9pt;"> system.
















<font lang="EN-US">This technology, used for the first time at the Itaqui terminal (MA),
avoids draining the tank, preventing water waste, and eliminates the need for
personnel to enter the tank, reducing exposure to hazardous activities. Other
highlights included the development of solutions for coating equipment handling
corrosive products, reducing operational risks. Drones were also deployed for
inspecting tank top valves, increasing productivity while significantly
minimizing the risk of working at heights. Additionally, Ultracargo developed
PIVO (Integrated Sales and Operations Pipeline), a tool that establishes a
fully digital and traceable process between customer demands and internal
approval flows, streamlining customer service responses. In artificial
intelligence, an assistant was created to facilitate supply database queries,
yielding significant efficiency gains</font></font>.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Calibri; font-weight: bold; line-height: inherit;">d.</font><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Opportunities included in the issuer's business plan related to ESG matters</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Sustainability is part of Ultrapar's strategy and its businesses, and various opportunities were realized in 2024.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The acquisition of a significant equity stake in Hidrovias do Brasil by Ultrapar is an example of investment in a lower emission transportation mode compared to rail and road.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">Ipiranga focused on the sale of the premium Ipimax line, which improves vehicle performance and reduces greenhouse gas (GHG) emissions. Ipimax represented 11.6% of the product mix, a significant increase compared to 2023. Ipiranga Empresas expanded contracts for Ipimax Diesel R5, which contains 5% green diesel in addition to the mandatory blend, as well as supporting customers in emission </font><font style="font-family: Aptos; line-height: inherit;">offset</font><font style="font-family: Aptos; line-height: inherit;"> strategies through the acquisition of carbon credits.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">Ultragaz acquired a stake in Witzler, expanding its renewable energy portfolio for high-voltage c</font><font style="font-family: Aptos; line-height: inherit;">ustomers</font><font style="font-family: Aptos; line-height: inherit;">, complementing Ultragaz Energia Inteligente, which has been offering renewable energy to low-voltage c</font><font style="font-family: Aptos; line-height: inherit;">ustomers</font><font style="font-family: Aptos; line-height: inherit;"> since 2022. NEOg&#225;s contributed to the expansion of biomethane supply, supporting c</font><font style="font-family: Aptos; line-height: inherit;">ustomers</font><font style="font-family: Aptos; line-height: inherit;"> in their decarbonization strategies. One example is ICONIC, a joint venture between Ipiranga and Chevron, which began supplying biomethane to the boilers at its Duque de Caxias (RJ) factory, anticipating the achievement of its goal of a 43% GHG emission reduction. Additionally, in partnership with Refinaria Riograndense, it became the first in the country to offer BioLPG.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">Ultracargo is committed to reduce 80% of its direct GHG emissions by 2030. The company continued its expansion, strengthening strategic supply chains, especially in agribusiness and corn ethanol. With multipurpose terminals, the company ended 2024 with 8% of its net revenue from ethanol storage, a growth of 26.3 percentage points compared to the previous year.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">2.11 -</font> <font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Comments on other factors that have materially influenced operati</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">onal</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> performance and that have not been identified or commented on in the other items of this section</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">No other relevant factors influenced the Company's performance in 2024.</font></p>



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</div><div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: center;"><img src="img645e1870cb2c4130883d.jpg" alt="Graphics"></p>
<div style="margin: 0px; text-indent: 0px; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Bexiv_112202574918763" class="customBookmark"><font style="font-weight: bold; font-family: 'Century Gothic';">Exhibit IV - Allocation of net income proposal for the fiscal year, pursuant to Annex A of CVM Resolution 81/22</font></a></div>
<p style="margin: 0px; text-indent: 0px;"><br></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 534px; font-family: 'times new roman'; font-size: 10pt;">






<tr style="height: 25px;">
<td height="33" width="598" style="height: 25px; width: 449pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;">(in
      thousands of Reais, except when otherwise mentioned)</td>
<td width="13" style="width: 10pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 25px;"></td>
<td width="324" style="width: 243pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border-image: initial; white-space: normal; text-align: center; background: #333399; height: 25px; border-width: 1px; border-color: windowtext !important; border-style: solid;">Year ended<br>
      12/31/2024</td>






    </tr>
<tr style="height: 16px;">
<td height="21" style="height: 16px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ffffff; font-size: 12pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: justify;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 16px;"></td>
<td width="324" style="width: 243pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: center; height: 16px;"></td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border-image: initial; white-space: normal; text-align: left; border-width: 1px; border-color: windowtext !important; border-style: solid;">1.&nbsp;&nbsp;&nbsp;Inform net
      income for the fiscal year&#185;&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-image: initial; white-space: normal; text-align: right; height: 12px; border-width: 1px; border-color: windowtext !important; border-style: solid;">2,362,740</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: justify;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: center; height: 12px;"></td>






    </tr>
<tr style="height: 25px;">
<td height="33" dir="LTR" width="598" style="height: 25px; width: 449pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">2.&nbsp;&nbsp;&nbsp;Inform
      the total amount of dividends and dividends per share, including prepaid
      dividends and interest on equity already declared</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 25px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-bottom: none; border-image: initial; white-space: normal; height: 25px; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" dir="LTR" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Total
      amount</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">769.272</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Amount per common share (R$) -
      Interim dividends</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">0.25</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-image: initial; white-space: normal; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Amount per common share (R$) -
      Complementary dividends</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">0.45</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: justify;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: center; height: 12px;"></td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border-image: initial; white-space: normal; text-align: left; border-width: 1px; border-color: windowtext !important; border-style: solid;">3.&nbsp;&nbsp;&nbsp;Inform
      the percentage of distribution of the net income for the fiscal year</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<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: 'Century Gothic', sans-serif; vertical-align: bottom; border-image: initial; white-space: normal; text-align: right; height: 12px; border-width: 1px; border-color: windowtext !important; border-style: solid;">33%</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: justify;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: center; height: 12px;"></td>






    </tr>
<tr style="height: 25px;">
<td height="33" width="598" style="height: 25px; width: 449pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">4.&nbsp;&nbsp;&nbsp;Inform
      the total amount of dividends and dividends per share based on the net income
      of previous years</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 25px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-bottom: none; border-image: initial; white-space: normal; text-align: center; height: 25px; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" dir="LTR" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Total
      amount</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-image: initial; white-space: normal; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Amount per common share (R$) -
      Interim dividends</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: justify;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: center; height: 12px;"></td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">5.&nbsp;&nbsp;&nbsp;Inform,
      deducting prepaid dividends and interest on equity declared:</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 25px;">
<td height="33" width="598" style="height: 25px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      The gross amount of dividends and interest on equity, individually, based on
      the number of shares of each type and class</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 25px;"></td>
<td width="324" style="width: 243pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 25px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 25px;">
<td height="34" style="height: 25px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Gross amount - Dividends
      common share</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 25px;"></td>
<td width="324" style="width: 243pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 25px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Form and term of dividend and interest on equity payments</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Form of payment</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Payment term</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 25px;">
<td height="33" width="598" style="height: 25px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Any levy of monetary restatement and interest on dividends and interest on
      equity</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 25px;"></td>
<td width="324" style="width: 243pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 25px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 31px;">
<td height="42" width="598" style="height: 31px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-image: initial; white-space: normal; text-align: left; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Date of the declaration of payment of dividends and interest on equity taken
      into account to identify shareholders entitled to receive it</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 31px;"></td>
<td width="324" style="width: 243pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-image: initial; white-space: normal; text-align: right; height: 31px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: justify;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: center; height: 12px;"></td>






    </tr>
<tr style="height: 25px;">
<td height="33" width="598" style="height: 25px; width: 449pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">6.&nbsp;&nbsp;&nbsp;In
      the event of dividends or interest on equity declared based on net income
      with respect to semiannual balance sheets or shorter periods</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 25px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-bottom: none; border-image: initial; white-space: normal; height: 25px; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inform
      the total amount of dividends or interest on equity already declared</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">275.971</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-image: initial; white-space: normal; text-align: left; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Inform the date of the respective payments</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">08/23/2024</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: justify;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: center; height: 12px;"></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>


</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;"><a href="#TOC"></a><br></div>


</div>
<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="width: 8.5in; margin: 0 auto;">
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 544px; font-family: 'times new roman'; font-size: 10pt;">






<tr style="height: 25px;">
<td height="33" width="598" style="height: 25px; width: 449pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;">(in
      thousands of Reais, except when otherwise mentioned)</td>
<td width="13" style="width: 10pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 25px;"></td>
<td width="324" style="width: 243pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border-image: initial; white-space: normal; text-align: center; background: #333399; height: 25px; border-width: 1px; border-color: windowtext !important; border-style: solid;">Year ended<br>
      12/31/2024</td>






    </tr>
<tr style="height: 25px;">
<td height="33" width="598" style="height: 25px; width: 449pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">7.&nbsp;&nbsp;&nbsp;Provide
      a comparative table indicating the following values per share of each type
      and class</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 25px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-bottom: none; border-image: initial; white-space: normal; height: 25px; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net
      income for the fiscal year and for the three previous years&#178;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Amount per common shares (R$)
      - 12.31.2024</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">2.1438</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Amount per common shares (R$)
      - 12.31.2023</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">2.2272</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Amount per common shares (R$)
      - 12.31.2022</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">1.6491</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Amount per common shares (R$)
      - 12.31.2021</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">0.7799</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Dividends and interest on equity distributed in the three previous years</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">12.31.2023</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">713,482</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Amount per common share (R$) -
      Interim dividends&#179;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">0.2491</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Amount per common share (R$) -
      Complementary dividends</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">0.4000</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">12.31.2022</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">559,519</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Amount per common share (R$) -
      Interim dividends</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">0.4125</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Amount per common share (R$) -
      Complementary dividends</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">0.1000</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">12.31.2021</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">403,970</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Amount per common share (R$) -
      Interim dividends</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">0.2000</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Amount per common share (R$) -
      Complementary dividends</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">0.1704</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 54px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-image: initial; white-space: normal; text-align: left; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-image: initial; white-space: normal; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="break-before: page; height: 12px;">
<td height="17" style="height: 12px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: justify;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: center; height: 12px;"></td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">8.&nbsp;&nbsp;&nbsp;If
      there is destination of income to the legal reserve</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-bottom: none; border-image: initial; white-space: normal; text-align: center; height: 12px; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Identify the amount allocated to legal reserve</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">118,137</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 170px;">
<td height="294" width="598" style="height: 170px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-image: initial; white-space: normal; text-align: left; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="mso-spacerun: yes;">&nbsp; </font>Detail the method for the calculation of
      the legal reserve</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 170px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-image: initial; white-space: normal; text-align: justify; height: 170px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Article 193 - Brazilian Corporate Law: Of the net income for
      the fiscal year, 5% will be allocated, prior to any other destination, to the
      legal reserve, which shall not exceed 20% of the capital stock. Article 53 -
      Bylaws: After the balance sheet and the other financial statements are
      prepared, and after the deduction of accrued losses, the provision for income
      tax and, if applicable, the provision for directors&#8217; and executive officers&#8217;
      annual profit sharing, 5% of the net income will be allocated to the legal
      reserve, up to the limit of 20% of the capital stock.</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: justify;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: center; height: 12px;"></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>


</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;"><a href="#TOC"></a><br></div>


</div>
<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="width: 8.5in; margin: 0 auto;">
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 660px; font-family: 'times new roman'; font-size: 10pt;">






<tr style="height: 25px;">
<td height="33" width="598" style="height: 25px; width: 449pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;">(in
      thousands of Reais, except when otherwise mentioned)</td>
<td width="13" style="width: 10pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 25px;"></td>
<td width="324" style="width: 243pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border-image: initial; white-space: normal; text-align: center; background: #333399; height: 25px; border-width: 1px; border-color: windowtext !important; border-style: solid;">Year ended<br>
      12/31/2024</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">9.&nbsp;&nbsp;
      If the company has preferred shares entitled to receive fixed or minimum
      dividends</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-bottom: none; border-image: initial; white-space: normal; text-align: center; height: 12px; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Describe
      the method for calculation of fixed or minimum dividends</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 25px;">
<td height="33" width="598" style="height: 25px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Inform whether the net income for the fiscal year is sufficient to fully pay
      fixed or minimum dividends</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 25px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 25px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Identify if any unpaid portion is cumulative</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 25px;">
<td height="33" width="598" style="height: 25px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Identify the total amount of fixed or minimum dividends to be paid with
      respect to each class of preferred shares</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 25px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 25px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 25px;">
<td height="33" width="598" style="height: 25px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-image: initial; white-space: normal; text-align: left; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">e.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Identify
      fixed or minimum dividends to be paid with respect to each class of preferred
      shares</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 25px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-image: initial; white-space: normal; text-align: right; height: 25px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: justify;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: center; height: 12px;"></td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">10.
      With respect to the mandatory dividend</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 234px;">
<td height="313" width="598" style="height: 234px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Describe the method for calculation set forth in the bylaws</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 234px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; height: 234px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Article 53 - Bylaws: After the balance sheet and the other
      financial statements are prepared, and after the deduction of accrued losses,
      the provision for income tax and, if applicable, the provision for directors&#8217;
      and executive officers&#8217; annual profit sharing, 5% of the net income will be
      allocated to the legal reserve, up to the limit of 20% of the capital stock.
      &#167;1 The remaining profit will have the following destination: a) 25% for
      payment of the mandatory dividend to the shareholders, deducted by semiannual
      or interim dividends that may have already been distributed.</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="mso-spacerun: yes;">&nbsp; </font>Inform if the dividend is being fully paid</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: center; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Yes</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Inform the amount eventually retained</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-image: initial; white-space: normal; text-align: justify; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-image: initial; white-space: normal; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: justify;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: center; height: 12px;"></td>






    </tr>
<tr style="height: 25px;">
<td height="33" width="598" style="height: 25px; width: 449pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">11.&nbsp;<font style="mso-spacerun: yes;">&nbsp; </font>In the event of retained mandatory dividend
      due to the company&#8217;s financial condition</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 25px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 25px; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Inform the retained amount</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 25px;">
<td height="33" width="598" style="height: 25px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Describe, in details, the company&#8217;s financial condition, including any
      aspects relating to the liquidity analysis, working capital and positive cash
      flow</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 25px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 25px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-image: initial; white-space: normal; text-align: left; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Justify why dividends were retained</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: justify;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: center; height: 12px;"></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>


</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'>76</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;"><a href="#TOC"></a><br></div>


</div>
<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="width: 8.5in; margin: 0 auto;">
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 538px; font-family: 'times new roman'; font-size: 10pt;">






<tr style="height: 25px;">
<td height="33" width="598" style="height: 25px; width: 449pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;">(in
      thousands of Reais, except when otherwise mentioned)</td>
<td width="13" style="width: 10pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 25px;"></td>
<td width="324" style="width: 243pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border-image: initial; white-space: normal; text-align: center; background: #333399; height: 25px; border-width: 1px; border-color: windowtext !important; border-style: solid;">Year ended<br>
      12/31/2024</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">12.&nbsp;<font style="mso-spacerun: yes;">&nbsp; </font>In the event of allocation of income to the
      contingency reserve</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Identify
      the amount allocated to the reserve</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Identify any probable loss and the reason therefore</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Explain
      why the loss is considered probable</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-image: initial; white-space: normal; text-align: left; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Justify the establishment of the reserve</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="break-before: page; height: 12px;">
<td height="17" style="height: 12px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: justify;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: center; height: 12px;"></td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">13.&nbsp; &nbsp; In the event of allocation of income to the unrealized profit reserve</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-bottom: none; border-image: initial; white-space: normal; text-align: center; height: 12px; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Identify
      the amount allocated to the unrealized profit reserve</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-image: initial; white-space: normal; text-align: left; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Inform the nature of unrealized profits which originated the reserve</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: justify;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: center; height: 12px;">-</td>






    </tr>
<tr style="height: 14px;">
<td height="19" width="598" style="height: 14px; width: 449pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">14.&nbsp;<font style="mso-spacerun: yes;">&nbsp; </font>In the event of allocation of income to
      statutory reserve<font class="font6"><sup>4</sup></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-bottom: none; border-image: initial; white-space: normal; text-align: center; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Describe
      the statutory clauses which establish the reserve</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">Article 53 - Bylaws - item b)</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 14px;">
<td height="19" width="598" style="height: 14px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Identify the amount allocated to the reserve<font class="font5"><sup>5</sup></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 14px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">1,479,370</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 233px;">
<td height="311" width="598" style="height: 233px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-image: initial; white-space: normal; text-align: left; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Describe how the amount was calculated</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 233px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-image: initial; white-space: normal; text-align: justify; height: 233px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">At the proposal of the management bodies, up to 75% of
      adjusted net income may be used to create an investment reserve, aimed at
      protecting the integrity of the Company&#180;s assets and strengthen its capital
      stock, in order to allow new investments to be made, up to the limit of 100%
      of the capital stock, provided that the balance of such reserve, when
      combined with other profit reserve balances, except for the unrealized profit
      reserve and the contingency reserves, shall not exceed 100% of the capital
      stock and, once such limit is reached, the Shareholders&#8217; Meeting shall
      determine the allocation of the surplus through an increase of the capital
      stock or in the distribution of dividends.</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: justify;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td width="324" style="width: 243pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: center; height: 12px;"></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>


</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'>77</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;"><a href="#TOC"></a><br></div>


</div>
<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="width: 8.5in; margin: 0 auto;">
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 169px; font-family: 'times new roman'; font-size: 10pt;">






<tr style="height: 25px;">
<td height="33" width="598" style="height: 25px; width: 449pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;">(in
      thousands of Reais, except when otherwise mentioned)</td>
<td width="13" style="width: 10pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 25px;"></td>
<td width="324" style="width: 243pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border-image: initial; white-space: normal; text-align: center; background: #333399; height: 25px; border-width: 1px; border-color: windowtext !important; border-style: solid;">Year ended<br>
      12/31/2024</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">15.&nbsp;<font style="mso-spacerun: yes;">&nbsp; </font>In the event of retention of income under
      the capital budget</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-bottom: none; border-image: initial; white-space: normal; text-align: center; height: 12px; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Identify
      the amount retained</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Provide a copy of the capital budget</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-image: initial; white-space: normal; text-align: justify; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">16.&nbsp;&nbsp;&nbsp;In
      the event of allocation of income to the tax incentive reserve</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-top-width: 1px; border-top-style: solid; border-top-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: left; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Identify
      the amount allocated to the reserve</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: justify; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-bottom: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">&nbsp;</td>






    </tr>
<tr style="height: 12px;">
<td height="17" width="598" style="height: 12px; width: 449pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-image: initial; white-space: normal; text-align: left; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      Explain the nature of the allocation&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-image: initial; white-space: normal; text-align: right; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important; border-right-width: 1px; border-right-style: solid; border-right-color: windowtext !important; border-left-width: 1px; border-left-style: solid; border-left-color: windowtext !important;">-</td>






    </tr>













  </table>
<p style="margin:0pt"><br></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 194px; border-collapse: collapse; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">






<tr style="height: 14px;">
<td colspan="3" height="19" style="height: 14px; width: 932px; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: justify;">&#185;
  Net income of Ultrapar's shareholders.</td>




 </tr>
<tr style="height: 10px;">
<td colspan="3" height="7" style="height: 10px; width: 932px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: justify;"></td>




 </tr>
<tr style="height: 74px;">
<td colspan="3" height="99" style="height: 74px; width: 932px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: justify;">&#178; Number of shares used for the calculation does not include
  shares held in treasury of the Company and considers the following issuances
  approved in the Company's Board of Directors meetings: (i) 70,939 common
  shares on February 24, 2021, (ii) 31,032 common shares on August 11, 2021,
  (iii)) 43,925 common shares on February 23, 2022, (iv) 21,472 common shares
  on August 3, 2022, (v) 31,211 common shares on February 15, 2023, (vi) 8,199
  common shares on August 9, 2023, (vii) 191,778 common shares on February 28,
  2024 and (viii) 35,235 common shares on August 7, 2024.</td>




 </tr>
<tr style="height: 5px;">
<td colspan="3" height="7" style="height: 5px; width: 932px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: justify;"></td>




 </tr>
<tr style="height: 31px;">
<td colspan="3" height="42" style="height: 31px; width: 932px; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: justify;">&#179;
  With income tax withholding at a rate of 15%, net interest on equity was R$
  0.35060 per share, except for corporate shareholders that are proven to be
  immune or exempt.</td>




 </tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; width: 593.547px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: justify;"></td>
<td style="width: 13.2031px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: justify; height: 5px;"><sup></sup></td>
<td style="width: 321.25px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: justify; height: 5px;"><sup></sup></td>




 </tr>
<tr style="height: 14px;">
<td colspan="3" height="19" style="height: 14px; width: 932px; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: justify;"><font class="font8"><sup>4</sup></font><font class="font7"> Investments statutory
  reserve made in accordance with Article 194 of the Brazilian Corporate
  Law.<font style="mso-spacerun: yes;">&nbsp;</font></font></td>




 </tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; width: 593.547px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: justify;"></td>
<td style="width: 13.2031px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: justify; height: 5px;"><sup></sup></td>
<td style="width: 321.25px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: justify; height: 5px;"><sup></sup></td>




 </tr>
<tr style="height: 36px;">
<td colspan="3" height="48" style="height: 36px; width: 932px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: justify;"><font class="font6"><sup>5 </sup></font><font class="font5">Includes the
  realization of the revaluation reserve, net of income tax and social
  contribution, of R$ 136, write-off of prescribed dividends of R$ 3,369 and
  gains resulting from change in investment participation of R$ 534.<font style="mso-spacerun: yes;">&nbsp;</font></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>


</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'>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;"><a href="#TOC"></a><br></div>


</div>
<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><div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: center;"><img src="img645e1870cb2c4130883d.jpg" alt="Graphics"><br><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><br></p>
<div style="margin: 0pt 0pt 12pt; text-align: center; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Bs345_1422025303617" class="customBookmark"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Exhibit V </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&#8211;</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> Information regarding </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">the </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">candidates for members of the Board of Directors and </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">the </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">candidates for the </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Fiscal Council</font> <font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">appointed </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">or supported by </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">the </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">management, pursuant to items 7.3 to 7.6 of the Reference Form and </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">to the </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">New Market</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> Regulation</font></a></div>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit; padding-left: 5.5pt; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="line-height: inherit;">7.  </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Annual General Shareholders&#8217; Meeting (&#8220;AGM&#8221;) and Management</font></font></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 54pt; text-indent: -36pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">7.3.</font><font style="font-style: normal; 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; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Information about the candidates for the Board of Directors and the Fiscal Council appointed or supported by </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">the m</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">anagement</font></p>
<p style="margin: 0pt 0pt 12pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 391px; width: 100%;" width="100%">

<tr style="height: 57px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 52.8pt; height: 57px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Name</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 57px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Date of birth</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.05pt; height: 57px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Profession</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 57px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">CPF</font><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;"> or passport num</font><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">ber</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 42.55pt; height: 57px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Gender</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 35.4pt; height: 57px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Skin </font><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">c</font><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">olor</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; height: 57px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Elective position to be held</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 50.4pt; height: 57px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Expected election and investiture date</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 57px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Term of office</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 57px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Other positions held in the issuer</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 57px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Will be elected by the Controller</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 57px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Consecutive </font><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">t</font><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">erms</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 57px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Date of </font><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">the </font><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">first term</font></p>











</td>











</tr>
<tr style="height: 42px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 52.8pt; height: 42px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">F</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">a</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">bio Venturelli</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">10/25/1965</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.05pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">E</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">ngineer</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">114.256.038-40</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 42.55pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Male</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 35.4pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">White</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Member of the Board of Directors (effective/</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">independent)</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 50.4pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">04/1</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">6</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">/202</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">5</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Up to 202</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">7</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> AGM</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">See table below</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">No</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">1</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">2023 AGM</font></p>











</td>











</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 52.8pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Fl</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&#225;</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">via Buarque de Almeida</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">08/04/1967</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.05pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Business</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">e</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">xecutive</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">149.008.838-59</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 42.55pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Female</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 35.4pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">White</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Member of the Board of Directors (</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">effective/</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">independent)</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 50.4pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">04/1</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">6</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">/202</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">5</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Up to 202</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">7</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> AGM</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">See table below</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">No</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">3</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">2019 AGM</font></p>











</td>











</tr>
<tr style="height: 42px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 52.8pt; height: 42px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Francisco de S&#225; Neto</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">10/27/1965</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.05pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Engineer</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">359.663.195-53</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 42.55pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Male</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 35.4pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">White</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Member of the Board of Directors (effective/</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">independent)</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 50.4pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">04/1</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">6</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">/202</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">5</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Up to 202</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">7</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> AGM</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">See table below</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">No</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">1</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 42px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">2023 AGM</font></p>











</td>











</tr>
<tr style="height: 48px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 52.8pt; height: 48px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Jorge Marques de Toledo Camargo</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 48px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">04/28/1954</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.05pt; height: 48px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Geologist</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 48px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">114.400.151-04</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 42.55pt; height: 48px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Male</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 35.4pt; height: 48px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">White</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; height: 48px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Member of the Board of Directors (effective/</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">independent)</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 50.4pt; height: 48px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">04/1</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">6</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">/202</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">5</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 48px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Up to 202</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">7</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> AGM</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 48px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">See table below</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 48px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">No</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 48px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">5</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 48px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">2015 AGM</font></p>











</td>











</tr>
<tr style="height: 56px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 52.8pt; height: 56px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Jos&#233; Maur</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">i</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">cio Pereira Coelho</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">08/04/1966</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.05pt; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Accountant</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">853.</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">535.907-91</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 42.55pt; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Male</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 35.4pt; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">White</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Member of the Board of Directors (effective/</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">independent)</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 50.4pt; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">04/1</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">6</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">/202</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">5</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Up to 202</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">7</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> AGM</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">See table below</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">No</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">5</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 56px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">2015 AGM</font></p>











</td>











</tr>
<tr style="height: 34px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 52.8pt; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Marcelo Faria De Lima</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">12/01/1961</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.05pt; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Economist</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">715.269.947-04</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 42.55pt; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Male</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 35.4pt; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">White</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Member of the Board of Directors (effective/</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">independent)</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 50.4pt; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">04/1</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">6</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">/202</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">5</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Up to 202</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">7</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> AGM</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">See table below</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">No</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">1</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">2023 AGM</font></p>











</td>











</tr>
<tr style="height: 19px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 52.8pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Marcos Marinho Lutz</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">12/30/1969</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.05pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Engineer</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">147.274.178-12</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 42.55pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Male</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 35.4pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">White</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Member of the Board of Directors (effective)</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 50.4pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">04/1</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">6</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">/202</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">5</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Up to 202</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">7</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> AGM</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">See table below</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">No</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">1</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">2023 AGM</font></p>











</td>











</tr>
<tr style="height: 39px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 52.8pt; height: 39px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Peter Paul Loren&#231;o Este</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">rmann</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 39px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">07/28/1957</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.05pt; height: 39px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Engineer</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 39px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">279.185.726-53</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 42.55pt; height: 39px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Male</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 35.4pt; height: 39px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">White</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; height: 39px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Member of the Board of Directors (effective)</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 50.4pt; height: 39px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">04/1</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">6</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">/202</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">5</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 39px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Up to 202</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">7</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> AGM</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 39px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">See table below</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 39px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">No</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 39px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">1</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 39px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">2023 AGM </font></p>











</td>











</tr>
<tr style="height: 44px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 52.8pt; height: 44px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">V&#226;nia </font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Maria Lima </font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Neves</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">06/14/1965</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.05pt; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Ma</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">thematics</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">849.481.757-49</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 42.55pt; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Male </font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 35.4pt; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Black</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Member of the Board of Directors (effective/</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">independent)</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 50.4pt; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">04/16/2025</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Up to 202</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">7</font><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;"> AGM</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">See table below</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 56.7pt; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">No</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">0</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 49.6pt; height: 44px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">2025 AGM</font></p>











</td>











</tr>























</table>
<p style="margin: 0pt 0pt 6pt; text-align: justify; line-height: 1.2;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 0pt 7.1pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">At </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">a meeting held on </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">March</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> 1</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">4</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">th</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, 202</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">5</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> of which</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the minutes are filed on the CVM and the Company's website, the Board of Directors evaluated and confirmed the adherence</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> of each candidate to the Corporate Nomination Policy for Members of the Board of Directors, as well as the classification of each candidate as an independent director, in light of the provisions of the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">New Market</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Regulation and the declaration of independence presented by the candidates.</font></p>






</div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"><br></font></p>










</div>
<div style="line-height: 1.2;">
<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'>79</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;"><a href="#TOC"></a><br></div>









</div>
<div style="line-height: 1.2;">
<p style="font-size: 10pt; line-height: 115%; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 6pt 18pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">l</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Main professional experiences over the last 5 years</font></p>
<h1 style="font-size: 10pt; line-height: 120%; margin: 0pt 0pt 0pt 50.2pt; orphans: 0; text-indent: -18pt; widows: 0;"><font style="font-family: Wingdings; font-size: 10pt; font-weight: bold; line-height: inherit;">&#61558;</font><font style="font-style: normal; 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; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Board of Directors</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> (</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">e</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">ffective </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">m</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">embers</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">)</font></h1>
<p style="margin: 6pt 0pt 12pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">F</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">a</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">bio Venturelli</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Company</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 69px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Position</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 69px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Main activity of the company</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 69px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Company is part of the issuer&#8217;s economic group or is controlled </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">by a shareholder that holds a direct or indirect stake equal to or greater than 5%</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 34px; width: 23%; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultracargo Log&#237;stica S.A.</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 34px; width: 28%; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors (2025 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 34px; width: 23%; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company operating in port operations, transport logistics, storage and movement of bulk products and related activities</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 34px; width: 26%; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Yes</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 36px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A.</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 36px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors (2023 &#8211; current)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Investments Committee (2023 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 36px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Economic g</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">roup</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">operating in energy and infrastructure</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 36px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Yes</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">S&#227;o Martinho S.A.</font></p>











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<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chief Executive Off</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">icer (2007 &#8211; current)</font></li>











</ul>











</td>
<td rowspan="9" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 170px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">S&#227;o Martinho economic group, operating in the sugar and ethanol production segment</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 20px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Bioenerg&#233;tica S&#227;o Martinho S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 20px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chief Executive Officer (20</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">10</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 20px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 20px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Bioenerg&#233;tica Santa Cruz S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 20px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chief Executive Officer (20</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">14</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 20px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 20px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Bioenerg&#233;tica Boa Vista S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 20px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chief Executive Officer (20</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">19</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 20px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











</td>











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<tr style="height: 20px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 20px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Bioenerg&#233;tica S&#227;o Martinho Ltda</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 20px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chief Executive Officer (20</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">19</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 20px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 20px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 20px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">S&#227;o Martinho Log&#237;stica e Participa&#231;&#245;es S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 20px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chief Executive Officer (20</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">14</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 20px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











</td>











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<tr style="height: 20px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 20px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">S&#227;o Ma</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">rtinho Inova S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 20px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chief Executive Officer (20</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">13</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 20px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 20px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 20px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">S&#227;o Martinho Terras Agr&#237;colas S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 20px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chief Executive Officer (20</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">16</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 20px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 20px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 20px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">S&#227;o Martinho Terras Imobili&#225;rias S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 20px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chief Executive Officer (2007 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 20px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 34px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 34px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Biometano Santa Cruz Ltda.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 34px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chief Executive Ofiicer (2023 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 34px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">S&#227;o Martinho economic group, operating in the biomethane production segment</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 34px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; 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: middle; height: 10px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">CTC Centro de Tecnologia Canavieira S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors (2015 &#8211; current)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Related Parties Committee</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> (2021 </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#8211; current)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">IPO Committee Coordinator</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> (2023 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company operating in the development and integration of disruptive technologies in the sugar-</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">based </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">energy industry</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 34px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 34px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Braskem S.A. </font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 34px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors (2018 &#8211; 2020)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 34px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company operating in the chemical and petrochemical sector</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 34px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>







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<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 6pt 18pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>80</font></font></td>









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<p style="margin: 0pt 0pt 12pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Fl</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&#225;</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">via Buarque de Almeida</font></p>
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<tr style="height: 55.45pt;">
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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Company</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Position</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Main activity of the company</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Company is part of the issuer&#8217;s economic group or is controlled by a shareholder that holds a direct or indirect stake equal to or greater t</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">han 5%</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23%; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultra&nbsp;Mobilidade S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 28%; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors (</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">2025</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23%; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company with equity interest in other companies</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 26%; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Yes</font></p>











</td>











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<tr style="height: 15.75pt;">
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<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors (2019 &#8211; current)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Investment</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Committee (2019 &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">2023</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Coordinator of the People and Sustainability Committee</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> (2023 &#8211; current)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Conduct Committee</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(2023 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Group operating in energy and infrastructure</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Yes</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Pen&#237;nsula Capital S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">C</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">hief Executive Office</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">r (2019 &#8211; 2024)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Boar</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">d of Directors</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> (2019 &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">current</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Officer</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> (2013 &#8211; 2019)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Partner</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> (2013 &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">2025</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company specialized in investments</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">O3 Gest&#227;o de Recursos Ltda.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> (2021 &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">2024</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Officer</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> (2017 &#8211; 2021)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company specialized in investments</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Groupe Carrefour S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(2017 &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">current</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company in the retail segment</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Atacad&#227;o S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors (2022 &#8211; current) </font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company in the retail segment</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">W2W E-Commerce de Vinhos S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Dir</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">ectors </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(2016 &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">current</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company in the retail segment</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">BRF S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(2017 &#8211; 2022)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Officer (2018 &#8211; 2022) </font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company in the food segment</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>







</td>







</tr>















</table>






</div>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold;">&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'>81</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;"><a href="#TOC"></a><br></div>









</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 10pt 0pt 12pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Francisco de S&#225; Neto</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: 56.45pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Company</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Position</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Main activity of the company</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Company is part of the issuer&#8217;s economic group or is controlled by a shareholder that holds a direct or indirect stake equal to or greater than 5%</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23%; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Companhia Ultragaz S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 28%; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors (2025 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23%; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company operating in the gas distribution, import and</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> export market, trade in various products and operation of commercial establishments intended to function as convenience stores</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 26%; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Yes</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors (2023 &#8211; current)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">People and Sustainability Committee</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> (2023 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Group operating in energy and infrastructure</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Yes</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Votorantim Cimentos</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(2018</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">current</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company operating in building materials and sustainable solutions</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">E2F Participa&#231;&#245;es S.A.</font></p>











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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Partner</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> (2018 &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">curre</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">nt</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font></li>











</ul>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company specialized in investments</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>







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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>82</font></font></td>









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<p style="margin: 0pt 0pt 12pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Jorge Marques de Toledo Camargo</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Company</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 76px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Position</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 76px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Main activity of the company</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 76px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Company is part of the issuer&#8217;s economic group or is controlled by a shareholder that holds a direct or indirect stake equal to or greater than 5%</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23%; height: 43px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultracargo Log&#237;stica S.A.</font></p>











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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors (2025 &#8211; current) </font></li>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23%; height: 43px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company operating in port operations, transport logistics, storage and movement of bulk products and related activities</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 26%; height: 43px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Yes</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 93px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A.</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 93px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chairman of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">the Board of Directors (2023 &#8211; current)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Audit and Risks </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Committee</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(20</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">21 &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">2023</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Me</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">mber of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Investment</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Committee</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> (2019 &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">current)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Memb</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">er of the Board of Directors</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> (2015 &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">current</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">) </font></li>











</ul>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 93px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Group operating in energy and infrastructure</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 93px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Yes</font></p>











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<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Vast Infraestrutura</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> S.A.</font></p>











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<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Coordinator of the People, Sustainability and Governance Committee </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(2020 &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">current</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font></li>











</ul>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 60px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company in the infrastructure and logistics sector, specializing in oil handling</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 60px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











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<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">CEBRI &#8211; Centro Brasileiro de Rela&#231;&#245;es</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Internacionais</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 43px; border: 1pt solid #000000;">
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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Trustees (2018 &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">2023</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font></li>











</ul>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 43px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Reference think tank </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">i</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">n international relations in Brazil</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 43px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











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<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Instituto Brasileiro de Petr&#243;leo, G&#225;s e Biocombust&#237;veis &#8211; IBP</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 60px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">2010 </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">2023</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chief Executive Officer</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> (2015 &#8211; 2018)</font></li>











</ul>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 60px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Non-profit a</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">ssociation focused on the development of the oil, natural gas and biofuels sector</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 60px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">o</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 77px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Prumo Log&#237;stica S.A.</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 77px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors and of the Strategy Committee, Coordinator of the People, Integrity and Sustainability Co</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">mmittee </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(2014 &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">current</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font></li>











</ul>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 77px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">in the i</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">nfrastructure and logistics</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> sector</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 77px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>







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<p style="margin: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>83</font></font></td>









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<p style="margin: 0pt 0pt 12pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Jos&#233; Maur</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">i</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">cio Pereira Coelho</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Company</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 28%; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Position</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23%; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Main activity of the company</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 26%; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Company is part of the issuer&#8217;s economic group or is controlled by a shareholder that holds a direct or indirect stake equal to or greater than 5%</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A.</font></p>











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<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Coordinator of the Audit and Risks Committee (2023 &#8211; current)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Audit and Risks Committee (2019 &#8211; current)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors (2015 &#8211; current)</font></li>











</ul>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Group operating in energy and infrastructure</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Yes</font></p>











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<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Banco Santander S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Me</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">mber of the</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Risk and Compliance Committee&nbsp;<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: left; 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;">(2023 &#8211; current)</font></font></li>











</ul>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Financial institution</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











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<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Vale S.A. </font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chairman </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">of the Board of Directors </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(2019 &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">2021</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> (2021)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company in the mining segment</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">ABRAPP &#8211; Associa&#231;&#227;o Brasileira das Entidades Fechadas de Previd&#234;ncia Complementar</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chairman of the Decision-Making Council (2018 &#8211; 2021)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Representative of closed private pension entities</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Previ &#8211; Caixa de Previd&#234;ncia dos Funcion&#225;rios do Banco do Brasil</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chief Executive Officer (2018 &#8211; 2021)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt 0pt 0pt 18pt; text-align: center; text-indent: -18pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Management fund</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">o</font></p>











</td>











</tr>























</table>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 12pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Marcelo Faria de Lima</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: 53.05pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Company</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Position</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Main activity of the company</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Company is part of the issuer&#8217;s economic group or is controlled by a shareholder that holds a direct or indirect stake equal to or greater than 5%</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23%; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Companhia Ultragaz S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 28%; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors (2025 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23%; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company operating in the gas distribution, import and export market, trade in various products and operation of commercial establishments intended to function as convenience stores</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 26%; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Yes</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Memb</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">er of the Board of Directors (2023 &#8211; current)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Risk and Audit Committee (2023 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Group operating in energy and infrastructure</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Yes</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Veste S.A. Estilo</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chairman of the Board of Directors</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(2008 &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">current</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company in the retail segment of clothing, accessories, cosmetics</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> and home furnishings</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">o</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Metalfrio Solutions, S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chairman of the Board of Directors </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(2004 &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">current</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Manufacturer of plug-in commercial refrigeration equipment</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Klimasan Klima Sanayi ve Ticaret, AS</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chairman of the Boar</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">d of Directors </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(2009 &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">current</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company in the commercial refrigeration segment</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>







</td>







</tr>















</table>






</div>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold;">&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'>84</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;"><a href="#TOC"></a><br></div>









</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Marcos Marinho Lutz</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 506px; width: 100%;" width="100%">

<tr style="height: 46px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 46px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Company</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 46px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Position</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 46px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Main activity of the company</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 46px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; font-weight: bold; line-height: inherit;">Company is part of the issuer&#8217;s economic group or is controlled by a shareholder that holds a direct or indirect stake equal to or greater than 5%</font></p>











</td>











</tr>
<tr style="height: 43px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23%; height: 43px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Ultracargo Log&#237;stica S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 28%; height: 43px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Chairman of the Board of Directors (2025 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23%; height: 43px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Company operating in port operations, transport logistics, storage and movement of bulk products and related activities</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 26%; height: 43px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Yes</font></p>











</td>











</tr>
<tr style="height: 64px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 64px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-size: 8pt;"><font style="font-family: Aptos; line-height: inherit;">Companhia </font><font style="font-family: Aptos; line-height: inherit;">Ultragaz S.A.</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 64px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Chairman of the Board of Directors (2025 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 64px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Company operating in the gas distribution, import and export market, trade in various products and operation of commercial establishments intended to function as convenience stores</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 64px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Yes</font></p>











</td>











</tr>
<tr style="height: 30px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 30px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Ultra&nbsp;Mobilidade S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 30px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Chairman of the Board of Directors (2025 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 30px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Company with equity interest in other companies</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 30px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Yes</font></p>











</td>











</tr>
<tr style="height: 43px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 43px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-size: 8pt;"><font style="font-family: Aptos; line-height: inherit;">Hidrovias do Brasil S.A</font><font style="font-family: Aptos; line-height: inherit;">.</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 43px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Chairman of the Board of Directors (2024 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 43px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: Aptos; line-height: inherit;">I</font><font style="font-family: Aptos; line-height: inherit;">ntermunicipal, interstate and international, </font><font style="font-family: Aptos; line-height: inherit;">i</font><font style="font-family: Aptos; line-height: inherit;">nland </font><font style="font-family: Aptos; line-height: inherit;">waterway freight transport company,&nbsp; except crossings</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 43px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Yes</font></p>











</td>











</tr>
<tr style="height: 13px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 13px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 13px; border: 1pt solid #000000;">
<p style="margin:0pt"><br></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Vice Chairman of the Board of Directors (2023 &#8211; current)</font></font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-size: 8pt;"><font style="font-family: Aptos; line-height: inherit;">Member of the<font>&nbsp;</font></font><font style="font-family: Aptos; line-height: inherit;">People and Sustainability Committee (2023 &#8211; current)</font></font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Chief Executive Officer (2022 &#8211; current)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Member of the Board of Directors (2021 &#8211; 2022)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 13px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Group operating in energy and infrastructure</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 13px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Yes</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>











</td>











</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Ultra S.A. Participa&#231;&#245;es</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-size: 8pt;"><font style="font-family: Aptos; line-height: inherit;">Dire</font><font style="font-family: Aptos; line-height: inherit;">ctor</font><font style="font-family: Aptos; line-height: inherit;"> (2021 &#8211; </font><font style="font-family: Aptos; line-height: inherit;">current</font><font style="font-family: Aptos; line-height: inherit;">)</font></font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: Aptos; line-height: inherit;">Holding company that holds 25% of Ultrapar's capital</font><font style="font-family: Aptos; line-height: inherit;"> stock</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Yes</font></p>











</td>











</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-size: 8pt;"><font style="font-family: Aptos; line-height: inherit;">Votora</font><font style="font-family: Aptos; line-height: inherit;">ntim S.A.</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Member of the Board of Directors (2020 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Holding company with operations in several segments</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 43px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 43px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Corteva Agriscience</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 43px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Member of the Board of Directors (2019 &#8211; current)&nbsp; </font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 43px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Agriscience company fully dedicated to agriculture</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 43px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 48px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 48px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Federa&#231;&#227;o das Ind&#250;strias do Estado de S&#227;o Paulo - Fiesp</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 48px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-size: 8pt;"><font style="font-family: Aptos; line-height: inherit;">Chairman </font><font style="font-family: Aptos; line-height: inherit;">of the Infrastructure Council (2015 &#8211; </font><font style="font-family: Aptos; line-height: inherit;">2021</font><font style="font-family: Aptos; line-height: inherit;">)</font></font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 48px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: Aptos; line-height: inherit;">Federation that fosters industrial activity, seeks more </font><font style="font-family: Aptos; line-height: inherit;">competitiveness,</font><font style="font-family: Aptos; line-height: inherit;"> and promotes ways to reduce production costs and downsizing of the sector</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 48px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-size: 8pt;"><font style="font-family: Aptos; line-height: inherit;">Rumo Log&#237;</font><font style="font-family: Aptos; line-height: inherit;">stica S.A.</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Member of the Board of Directors (2008 &#8211; 2020)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Chairman of the Board of Directors (2020)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Provision of cargo transportation services by rail and road modality</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: Aptos; line-height: inherit;">N</font><font style="font-family: Aptos; line-height: inherit;">o</font></font></p>











</td>











</tr>
<tr style="height: 43px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 43px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Comg&#225;s S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 43px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Member of the Board of Directors (2008 &#8211; 2020)</font></li>











</ul>











</td>
<td rowspan="4" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 139px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Economic group operating in the energy sector, through the generation, distribution and sale of natural gas, distribution of fuels and the production and export of sugar and ethanol</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 43px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 43px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 43px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Ra&#237;zen S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 43px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Member of the Board of Directors (2013 &#8211; 2020)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 43px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-size: 8pt;"><font style="font-family: Aptos; line-height: inherit;">Cosan S.A. - Ind&#250;stria e Com&#233;r</font><font style="font-family: Aptos; line-height: inherit;">cio</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-size: 8pt;"><font style="font-family: Aptos; line-height: inherit;">Chief Executive Officer </font><font style="font-family: Aptos; line-height: inherit;">&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">(2009 &#8211; 2020)</font></font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 43px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 43px; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Moove S.A. </font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 43px; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">Member of the Board of Directors (2008 &#8211; 2020)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 43px; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 8pt; line-height: inherit;">No</font></p>







</td>







</tr>















</table>






</div>
<p style="margin: 0px; text-indent: 0px; margin-top: 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; line-height: inherit;" class="pageno"><font class='pageno'>85</font></font></td>









</tr>



















</table>
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<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 10pt 0pt 12pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Peter Paul Loren&#231;o Estermann</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: 56.45pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Company</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Position</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Main activity of the company</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Company is part of the issuer&#8217;s economic group or is controlled by a shareholder that holds a direct or indirect stake equal to or greater than 5%</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23%; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultra&nbsp;Mobilidade S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 28%; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors (2025 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23%; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company with equity interest in other companies</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 26%; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Yes</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors (2023 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Group operating in energy and infrastructure</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Yes</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">P&#225;tria Investimentos Ltda.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Partner and</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Chief of Portfolio Management</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(2021 &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">2025</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Specialized investment company</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">N</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">o</font></p>











</td>











</tr>
<tr style="height: 15.75pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">GPA</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chief Executive Officer</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> (2018 &#8211; 2020)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company in the food retail segment</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>







</td>







</tr>















</table>






</div>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<div style="margin: 0pt; text-indent: 0pt;">
<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'>86</font></font></td>









</tr>



















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<p style="margin: 0pt 0pt 12pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">V&#226;nia</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> Maria Lima</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> Neves</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Company</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Position</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Main activity of the </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">company</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Company is part of the issuer&#8217;s economic group or is controlled by a shareholder that holds a direct or indirect stake equal to or greater than 5%</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23%; border: 1pt solid #000000;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Vale S.A.</font></p>











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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Global Business Solutions Director </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(2023 &#8211; 2025) </font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Chief Technology Officer </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(2021 &#8211; 2023) </font></li>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23%; border: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Mineral exploration and logistics transportation </font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











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<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Instituto Pacto Contra a Fome</font></p>











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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the Board of Directors (2023 &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">current</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font></li>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Cross-party, multi-sector coalition working to eradicate hunger and food waste</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











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<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Grupo Carrefour Brasil</font></p>











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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Independent </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Board</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">of Directors </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(2022 &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">current</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">) </font></li>











</ul>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Company in the retail segment</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











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<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Rede Mulheres Empreendedoras (RME) &amp; Instituto Rede Mulheres Empreendedoras (IRME)</font></p>











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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Member of the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Advisory</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Board (2022 &#8211; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">current</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font></li>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Nonprofit organization focused on social causes, public policies and women in situations of social vulnerability</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No </font></p>











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<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Pontif&#237;cia Universidade Cat&#243;lica do Rio de Janeiro </font></p>











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<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Guest Professor: Organizational Behavior discipline in PUC HR MBA course (2018 &#8211; 2021) </font></li>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Higher education institution</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>











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<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">GlaxoSmithKline (GSK)</font></p>











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<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">CIO/IT Director Cluster </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Brasi</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">l, Mexico and Argentina</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(2020) </font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">CIO/IT Director</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Brazi</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">l</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Pharma</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(2015 &#8211; 2020)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Innovation Program Lead, Brazi</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">l </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(2018 &#8211; 2020)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">IT Director, Brazil, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(2013 &#8211; 2015)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">IT Director, Brazil &amp; Southern Cone (2009 &#8211; 2013)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">LATAM Back-Office Applications Manager (2008 &#8211; 2009)</font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Brazil Applications Manager </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(2005 &#8211; 2008)</font></li>











</ul>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Pharmaceuticals and biological products, health and vaccines</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">No</font></p>







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<p style="margin: 0px; text-indent: 0px;"><font style="font-family: Aptos; 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; line-height: inherit;" class="pageno"><font class='pageno'>87</font></font></td>









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<div style="margin: 0pt; padding-left: 0pt;"><br></div>
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<div style="width: 8.5in; margin: 0 auto;">
<div style="margin: 0pt; padding-left: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit; padding-left: 20.17pt; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="line-height: inherit;">m.  </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Events that occurred during the last 5 years in relation to</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">:</font></font></div>
<ol style="margin: 0pt; padding-left: 0pt; list-style-type: lower-roman;">
<li style="font-family: Aptos; font-size: 10pt; font-style: normal; font-weight: normal; line-height: 115%; margin: 0pt 0pt 6pt 14pt; padding-left: 4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">any criminal conviction</font></li>
<li style="font-family: Aptos; font-size: 10pt; font-style: normal; font-weight: normal; line-height: 115%; margin: 0pt 0pt 6pt 14pt; padding-left: 4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">any conviction in an administrative proceeding by the CVM, the Central Bank of Brazil or the Superintendence of Private Insurance, and the penalties </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">a</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">pplied</font></li>
<li style="font-family: Aptos; font-size: 10pt; font-style: normal; font-weight: normal; line-height: 115%; margin: 0pt 0pt 6pt 15.83pt; padding-left: 4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">any final and unappealable conviction, in the judicial sphere or subject to a final administrative decision, which has suspended or disqualified him</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">/her</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> from carrying out any professional or commercial ac</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">tivity of any kind</font></li>











</ol>
<p style="font-size: 10pt; line-height: 120%; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The members of the Board of Directors presented in this document informed the Company that there was no criminal conviction, conviction in an administrative proceeding by the CVM, the Central Bank of Brazil or the Superintendence of Private Insurance, or any other judicial or administrative conviction that has suspended or disqualified them for the professional practice and/or commercial activities.</font></p>
<h1 style="margin: 1.95pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">7.4.</font><font style="font-style: normal; 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; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Provide the information mentioned in item 7.3 in relation to the members of the statutory</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> committees, as well as the audit, risk, financial and compensation committees, even if such committees or structures are not established by the Bylaws</font></h1>
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 120%; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Jorge Marques Toledo de Camargo, Fabio Venturelli&nbsp;e Peter Paul Loren&#231;o&nbsp;Estermannn effective members of the Company's Board of Directors and candidates for reelection to their positions, currently integrate the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Investment</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> Committee. Jorge Marques Toledo de Camargo is the current Coordinator of the Investment&nbsp;Committee.</font></p>
<p style="margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 120%; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Jos&#233; Maur</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">i</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">cio Pereira Coelho&nbsp;and Marcelo Faria&nbsp;de Lima, effective members of the Company's Board of Directors and candidates for reelec</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">tion to their positions, currently integrate the Audit and Risks Committee. </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Jos&#233; Mauricio Pereira Coelho </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">is the current Coordinator of the Audit and Risks Committee.</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 120%; margin: 6pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Fl&#225;via Buarque de Almeida, Francisco de S&#225; Neto e Marcos Marinho Lutz, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">effective members of the Company's Board of Directors and candidates for reelection to their positions, currently integrate</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">the People and Sustainability Committee</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. Fl&#225;via Buarque de Almeida is the current Coordinator of the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">People and Sustainability Committee</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 120%; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Information about such members is described in item 7.3.</font></p>
<p style="margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 120%; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The other candidates for positions on the Board of Directors </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">do not hold a position in any other </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">committee of the Company or its subsidiaries.</font></p>






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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>88</font></font></td>









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<h1 style="margin: 1.95pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">7.5.</font><font style="font-style: normal; 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; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Marital relationship, stable union or kinship up to the second degree between</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">:</font></h1>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<ol style="margin: 0pt; padding-left: 0pt; list-style-type: lower-alpha;">
<li style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: 115%; margin: 0pt 0pt 6pt 30.35pt; padding-left: 23.5pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">t</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">he issuer&#8217;s </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">management</font></li>











</ol>
<p style="font-size: 10pt; line-height: 120%; margin: 6pt 0pt 0pt 18pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;N</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">one</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<div style="margin: 0px; padding-left: 0pt; text-indent: 0px;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit; padding-left: 22.94pt; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="line-height: inherit;">b.  </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">(i) the </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">i</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">ssuer&#8217;s officers and directors and (ii) the officers and directors of any of the </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">issuer&#8217;s </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">subsidiaries, whether direct or indirect</font></font></div>
<p style="font-size: 10pt; line-height: 120%; margin: 6pt 0pt 0pt 18pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">None.</font></p>
<p style="font-size: 10pt; line-height: 120%; margin: 6pt 0pt 0pt 18pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit; padding-left: 5.91pt; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="line-height: inherit;">&nbsp; &nbsp; &nbsp;c.  </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">(i) </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">The issuer or its subsidiaries&#8217; officers and directors, whether direct or indirect and (ii) the issuer&#8217;s direct or indirect controlling&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;shareholders</font></font></div>
<p style="margin: 0pt 0pt 6pt 18pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable.</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit; padding-left: 4.79pt; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="line-height: inherit;">&nbsp; &nbsp; &nbsp;d.  </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">(i) </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">the </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">issuer&#8217;s </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">officers and directo</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">rs, and (ii) the officers and directors of any of the </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">issuer&#8217;s </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">controlling shareholders, whether direct or&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;indirect</font></font></div>
<p style="font-size: 10pt; line-height: 120%; margin: 6pt 0pt 0pt 18pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">None.</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<h1 style="margin: 1.95pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">7.6.</font><font style="font-style: normal; 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; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Relationships of subordination, provision of services or control maintained, in the last 3 fiscal years, between the issuer's management and</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">:</font></h1>
<p style="font-size: 10pt; line-height: 115%; margin: 0pt 0pt 6pt 18pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<ol style="margin: 0pt; padding-left: 0pt; list-style-type: lower-alpha;">
<li style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: 115%; margin: 0pt 0pt 6pt 30.35pt; padding-left: 5.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">company directly or indirectly controlled by the issuer, except for those in which the issuer directly or indirectly holds a stake equal to or greater than 99% (ninety-nine percent) of the share capital</font></li>











</ol>
<p style="font-size: 10pt; line-height: 120%; margin: 6pt 0pt 0pt 18pt; orphans: 0; text-align: justify; widows: 0;"><font>N/A</font></p>
<p style="margin: 0pt 0pt 6pt 18pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit; padding-left: 4.79pt; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="line-height: inherit;">&nbsp; &nbsp; &nbsp;b.  </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">direct or indirect controlling share</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">holders</font></font></div>
<p style="font-size: 10pt; line-height: 120%; margin: 6pt 0pt 0pt 18pt; orphans: 0; text-align: justify; widows: 0;"><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;">N/A</font></p>
<p style="font-size: 10pt; line-height: 120%; margin: 6pt 0pt 0pt 18pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit; padding-left: 5.91pt; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="line-height: inherit;">&nbsp; &nbsp; &nbsp;c.  </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">if material, any supplier, customer, debtor or creditor of the </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">issuer</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">, its subsidiary or controlling shareholders or the subsidiaries of any of&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;the foregoing</font></font></div>
<p style="font-size: 10pt; line-height: 120%; margin: 6pt 0pt 0pt 18pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">None.</font></p>






</div>
<p style="font-size: 10pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; 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'>89</font></font></td>









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</div><div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; line-height: 1.2;"><br></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; text-indent: 0pt; line-height: 1.2;">
<div style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 7.1pt; text-align: center;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 7.1pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BS123_142202505630894" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; line-height: inherit;"><font lang="PT-BR" style="line-height: inherit;">Exhibit VI &#8211; Information
about the management compensation, under the terms of item 8 of the Reference
Form</font>


</font></a></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">8.1. Describe the compensation policy or practice for the Board of Directors, Statutory and Non-Statutory Executive Officers, </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Fiscal Council</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">, </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">statutory</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> committees and audit, risk, financial and compensation committees, addressing the following aspects:</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;"><br></font></p>
<ol style="margin: 0px; padding-left: 0pt; list-style-type: lower-alpha; text-indent: 0px;">
<li style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: 120%; list-style-position: inside; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"> <font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Purpose of the compensation policy or practice, informing if the compensation policy was formally approved, the body responsible for approving it, the date of its approval and, if the issuer publicly discloses the policy, where the document can be found </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">in</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;"> the internet</font></font></li>
















</ol>
















<br>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">The purpose of Ultrapar&#8217;s Corporate Executive Compensation Policy is to establish compensation principles and criteria for the Company&#8217;s </font><font style="font-family: Aptos; line-height: inherit;">Officers</font><font style="font-family: Aptos; line-height: inherit;">, members of the Board of Directors and </font><font style="font-family: Aptos; line-height: inherit;">Fiscal Council</font><font style="font-family: Aptos; line-height: inherit;">, ensuring the application of a competitive compensation strategy aligned with the best market practices and with the interests of Ultrapar&#8217;s shareholders and other stakeholders.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;"><br></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">The main elements of such compensation policy and practices adopted by Ultrapar for its management bodies are (i) to align executives&#8217; and shareholders&#8217; interests based on a philosophy of shared risks and rewards and a long-term value generation view; (ii) to cause goals to converge to the Company&#8217;s long-term strategy and sustainability; (iii) to foster autonomy with accountability, recognizing distinguished performance and reinforcing meritocracy; and (iv) to be competitive vis-a-vis the relevant market, enabling attraction and retention of the best professionals to manage the Company. In line with these principles, Ultrapar embraces a competitive compensation plan that includes use of financial, operational and value creation metrics to establish variable compensation targets, benefits in line with market practices, and a long-term s</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based incentive program.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; 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-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Ultrapar&#8217;s Corporate Executive Compensation Policy was approved by the Board of Directors on December 4, 2019, and has been periodically reviewed. The latest revision was approved by the Board of Directors in February 2025 after analysis and recommendation by the People and Sustainability Committee. The document is available at the Company&#8217;s website (ri.ultra.com.br), under the &#8216;Governance</font><font style="font-family: Aptos; line-height: inherit;"> /</font><font style="font-family: Aptos; line-height: inherit;"> Bylaws, Codes and Policies&#8217; section, and at the Brazilian Securities and Exchange Commission&#8217;s website (www.cvm.gov.br). </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<div style="margin: 0px; padding-left: 0pt; text-indent: 0px; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="line-height: inherit;">b.  </font> <font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Practices and procedures adopted by the Board of Directors to set the individual compensation of the Board of Directors and Executive Officers, indicating:</font></font></div>
<div style="margin: 0px; padding-left: 0pt; text-indent: 0px; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;"><br></font></font></div>
<ol style="margin: 0px; padding-left: 0pt; list-style-type: lower-roman; text-indent: 0px;">
<li style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: 108%; list-style-position: inside; margin: 0px; text-align: justify; text-indent: 0px; margin-left: 13px; margin-bottom: 10px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">The issuer&#8217;s bodies and committees that take part in the decision-making process, identifying in what way they participate</font></li>
<li style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: 108%; list-style-position: inside; margin: 0px; text-align: justify; text-indent: 0px; margin-left: 13px; margin-bottom: 10px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Criteria and methodology used to set individual compensation, indicating if there are studies for verifying market practices and if positive, the criteria for comparison and coverage of these studies </font></li>
<li style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: 108%; list-style-position: inside; margin: 0px; text-align: justify; text-indent: 0px; margin-left: 13px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;"> How often and in what manner does the Board of Directors review the suitability of the issuer&#8217;s compensation policy</font></li>








</ol>







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</div>
<ol style="margin: 0px; padding-left: 0pt; list-style-type: lower-roman; text-indent: 0px;">

</ol>
<p style="line-height: 1.2;;margin:0pt"><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'>90</font></font></td>










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<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Ultrapar carries out annual studies and analyses of the management's compensation under the purview of the People and Sustainability Committee, which also reviews the parameters and the guidelines of the Corporate Executive Compensation Policy and other benefits allocated </font><font style="font-family: Aptos; line-height: inherit;">to&nbsp; management</font><font style="font-family: Aptos; line-height: inherit;">. After making changes as needed, the Committee prepares compensation proposals for submission to the Board of Directors.</font></font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;"><br></font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">The Company&#8217;s studies aim to ensure the competitiveness of the compensation for the Board of Directors and the Statutory Executive Officers and adopt market surveys as a reference. To </font><font style="font-family: Aptos; line-height: inherit;">this end, the market selected by one or more specialized external consultants is considered, as defined by the People and Sustainability Committee, including peer companies to Ultrapar (considering origin of capital, size, complexity, activity and reputation for compensation practices).</font></font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;"><br></font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">From time to time, the People and Sustainability Committee revises the Corporate Executive Compensation Policy and other benefits, submitting any necessary adjustments for approval by the Board of Directors.</font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;"><br></font></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="line-height: inherit;">c.  </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; font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Compensation </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">b</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">reakdown, indicating:</font></font></div>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;"><br></font></font></div>
<ol style="margin: 0pt; padding-left: 0pt; list-style-type: lower-roman;">
<li style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: 108%; margin: 0pt 0pt 8pt 27pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Description of the several elements that make up compensation, including, in relation to each of them, the following:</font></li>

















</ol>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 49.3pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Its purposes and alignment with the issuer&#8217;s short, medium and long-term interests</font></li>

















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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 7.1pt; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Ultrapar&#8217;s compensation policy and practices are intended to provide short and long-term alignment with the interests of shareholders and with the Company&#8217;s continuity. Short and long-term variable compensation, which make up a significant portion of total compensation </font><font style="font-family: Aptos; line-height: inherit;">of</font><font style="font-family: Aptos; line-height: inherit;"> the Executive Officers, is tied to growth targets for results and economic value-added, in line with shareholders&#8217; interests. Variable compensation also directs their focus to the strategic plan approved by the Board of Directors. Short-term variable compensation is linked to annual growth targets and financial results (EBITDA, EVA, and operating cash flow), as well as priority matters for the Company, including objectives and key results (OKRs) and individual goals related to behavior and management. Starting in 2024, with the implementation of the OKR model, the Company has fewer short-term goals but of higher relevance, aligned with Ultrapar&#8217;s strategic objectives and applied to all employees. This methodology will be fully applied to Ultrapar&#8217;s statutory executive officers starting in 2025 </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 7.1pt; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">To strengthen </font><font style="font-family: Aptos; line-height: inherit;">the commitment</font><font style="font-family: Aptos; line-height: inherit;"> to the ESG agenda, since 2022, all executive officers have in their short-term incentives, goals related thereto, which represent 1/3 of their individual goals. The s</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based incentive plan turns executives into shareholders of the company and is a strong element for aligning interests and generating long-term value.</font></font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt 18pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Board of Directors </font></p>
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<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 6pt 0pt 8pt 28.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Fixed compensation: </font></li>

















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<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Fixed fees paid in cash: a fixed monthly amount considering the global compensation approved by the General Shareholders&#8217; Meeting, intended to compensate for the responsibility and complexity inherent to the position of the Board members, attempting to maintain compatible levels with the compensation of board members of Ultrapar&#8217;s peer companies. The Chairman and Vice-Chairman earn higher amounts than the other members, due to the higher responsibility inherent to the positions.</font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">&nbsp;Fixed fees in shares: according to the changes approved at the Annual and Extraordinary General Shareholders' Meeting held on April 19, 2023 regarding the </font><font style="font-family: Aptos; line-height: inherit;">compensation</font><font style="font-family: Aptos; line-height: inherit;"> model of the Board of Directors, part of the fixed compensation of the members of the Board will be converted into shares, in a single grant at the beginning of the term of office, with a vesting period for the period of the term and lockup period of 2 years after the transfer of the shares. Furthermore, the </font><font style="font-family: Aptos; line-height: inherit;">agreements for the grant of these shares shall include the </font><font style="font-family: Aptos; font-style: italic; line-height: inherit;">malus</font><font style="font-family: Aptos; line-height: inherit;"> clause, which provides for the retention of unvested shares upon verification of certain irregularities that had benefited the director unlawfully.</font></font></li>








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<p><font style="font-size: 9pt;"><font style="font-style: normal; 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; font-family: 'Times New Roman';"><br></font></font></p>
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<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-size: 9pt;"><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">Fees for participation </font><font style="font-family: Aptos; line-height: inherit;">in</font><font style="font-family: Aptos; line-height: inherit;"> statutory committees: an additional monthly amount equivalent to 1/3 of Board members&#8217; monthly fees, consisting of the two portions above</font><font style="font-family: Aptos; line-height: inherit;">&nbsp;if the Board member is also a member of the Audit and Risk Committee, the additional amount will be 50% of the Board member&#8217;s monthly fee.</font><font style="font-family: Aptos; line-height: inherit;"> Board members acting as committee coordinators shall earn an additional monthly amount equivalent to 50% of a Board member&#8217;s </font><font style="font-family: Aptos; line-height: inherit;">monthly </font><font style="font-family: Aptos; line-height: inherit;"> fees</font><font style="font-family: Aptos; line-height: inherit;">, but board members acting as the Audit and Risk Committee&#8217;s coordinator, such amount will be equal to 70% of the Board member&#8217;s fixed fee.</font><font style="font-family: Aptos; line-height: inherit;"> The Chairman of the Board of Directors is not entitled to additional compensation for participation in </font><font style="font-family: Aptos; line-height: inherit;">statutory </font><font style="font-family: Aptos; line-height: inherit;">committees. Fees for participation </font><font style="font-family: Aptos; line-height: inherit;">in</font><font style="font-family: Aptos; line-height: inherit;"> statutory committees will not be reflected in the calculation of the number of shares to be granted at the beginning of the term. </font></font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; list-style-position: inside; margin: 0pt 0pt 6pt 58.7pt; text-align: justify; text-indent: -19pt;"><font style="font-size: 9pt;"><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">In addition to the fees, the Company shall bear the respective social security </font><font style="font-family: Aptos; line-height: inherit;">contributions,</font><font style="font-family: Aptos; line-height: inherit;"> when applicable.</font></font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 48.7pt; padding-left: 7pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Board members who are also part of the Company&#8217;s Executive Board shall only be compensated for the position they hold in the Executive Board.</font></li>


















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<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 6pt 0pt 8pt 28.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Variable compensation: members of the Board of Directors are not eligible for variable compensation.</font></li>


















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<p style="line-height: 1.2; margin: 0pt 0pt 8pt 18pt; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Fiscal Council</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">&nbsp;(when assembled)</font></font></p>
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<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 6pt 0pt 8pt 28.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Fixed compensation:</font></li>


















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<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-size: 9pt;"><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">Fixed fees: a monthly amount approved by the General Shareholders&#8217; Meeting, intended to compensate for the responsibility and complexity inherent to the position of member of the <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: 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;">Fiscal Council</font></font><font style="font-family: Aptos; line-height: inherit;">, taking market benchmark parameters into account, provided it is not 10% lower than the average monthly salary attributed to the Statutory Executive Officers. The Chairman shall earn higher amounts than the other members, due to the higher responsibility inherent to the position.</font></font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-size: 9pt;"><font style="font-style: normal; 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; font-family: 'Times New Roman';"> &nbsp;</font><font style="font-family: Aptos; line-height: inherit;">In addition to the fees, the Company shall bear the respective social security </font><font style="font-family: Aptos; line-height: inherit;">contributions,</font><font style="font-family: Aptos; line-height: inherit;"> when applicable.</font></font></li>


















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<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt 28.35pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Variable compensation: members of the <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: 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;">Fiscal Council</font></font><font style="font-family: Aptos; line-height: inherit;">&nbsp;are not eligible for variable compensation. </font></font></li>


















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<p style="line-height: 1.2; margin: 0pt 0pt 8pt 18pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Statutory Executive Officers</font></p>
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<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 6pt 0pt 8pt 28.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Fixed compensation:</font></li>


















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<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-size: 9pt;"><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">Salary: a monthly amount paid as compensation for the responsibility and complexity inherent to the position, and for each professional&#8217;s individual contribution and experience, attempting to maintain levels compatible with those of peer companies. </font></font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-size: 9pt;"><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">Direct and indirect benefits: the Statutory Executive Officers&#8217; fixed compensation also includes social security contributions, vacation bonus, 13th month salary, healthcare, </font><font style="font-family: Aptos; line-height: inherit;">life insurance and medical checkup, among others. The purpose of the direct and indirect benefits is to follow market practices.</font></font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-size: 9pt;"><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">Participation in Boards: the participation of</font><font style="font-family: Aptos; line-height: inherit;"> the</font><font style="font-family: Aptos; line-height: inherit;"> Company</font><font style="font-family: Aptos; line-height: inherit;">&#8217;s officers</font><font style="font-family: Aptos; line-height: inherit;"> in boards of directors or advisory boards of </font><font style="font-family: Aptos; line-height: inherit;">the </font><font style="font-family: Aptos; line-height: inherit;">companies directly or indirectly controlled by Ultrapar or companies in which the Company holds a relevant stake will not imply additional remuneration for the executive, except in the cases of publicly-held companies, where they will be entitled to the remuneration provided for in the respective remuneration policy.</font></font></li>


















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<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 6pt 0pt 8pt 28.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Variable compensation:</font></li>


















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<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">&nbsp; Short-term</font><font style="font-family: Aptos; line-height: inherit;">: its objective is to align the interests of the executives with those of the Company in the pursuit and attainment of annual results. This amount shall be linked to financial and non-financial goals, aligned in any case with the Company&#8217;s strategic plan approved by the Board of Directors. Since 2022, executives shall consider at least 1/3 of the individual goals related to ESG goals.</font></font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">S</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based compensation: Ultrapar has adopted </font><font style="font-family: Aptos; line-height: inherit;">a regular</font><font style="font-family: Aptos; line-height: inherit;"> s</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based compensation since 2003 to foster the Company&#8217;s expansion and sustainable results and the attainment of its business goals, sharing value creation, as well as the risks inherent to the business and the stock market, and promoting the alignment of the interests to generate long-term value. An additional benefit of this portion of the compensation is the search for retention of executives and key professionals for the organization. From 2017 up </font><font style="font-family: Aptos; line-height: inherit;">until</font><font style="font-family: Aptos; line-height: inherit;"> 2020, two types of programs existed. Upon reviewing the Corporate Executive Compensation Policy approved by the Board of Directors in 2020, a third program class was created, with the same purpose as the others, however including some changes in general conditions, specifically the discontinuation of the usufruct of restricted shares grants made from 2021 onwards. At the Annual and Extraordinary General Shareholders&#8217; Meeting held on April 19, 2023, a new S</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based Incentive Plan, </font><font style="font-family: Aptos; line-height: inherit;">similar to</font><font style="font-family: Aptos; line-height: inherit;"> the plan approved in 2017, was approved by Ultrapar's shareholders which became the reference for devising new s</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based incentive programs. The approval of a new s</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based incentive plan was necessary as the limit of shares to be granted under the plan approved by the Annual and Extraordinary General Shareholders&#8217; Meeting of 2017 had been reached. For the current cycle, the Company has a program with usufruct as from the time of grant.</font></font></li>






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<p style="line-height: 1.2; margin: 0pt 0pt 6pt 84.7pt; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Furthermore, the long-term incentive agreements for the grant of these shares include the </font><font style="font-family: Aptos; font-style: italic; line-height: inherit;">malus</font><font style="font-family: Aptos; line-height: inherit;"> clause, which provides for the retention of unvested shares upon verification of certain irregularities that had benefited the executive unlawfully.</font></font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 6pt 84.7pt; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">In addition, since October 2023, the Corporate Clawback Policy </font><font style="font-family: Aptos; line-height: inherit;">is</font><font style="font-family: Aptos; line-height: inherit;"> in force, which determines the reimbursement to the Company, by the executives, of the amounts unduly paid in the portion of variable </font><font style="font-family: Aptos; line-height: inherit;">compensation </font><font style="font-family: Aptos; line-height: inherit;">linked to financial metrics. This policy applies in scenarios where re</font><font style="font-family: Aptos; line-height: inherit;">publications</font><font style="font-family: Aptos; line-height: inherit;"> of financial statements indicate differences between the values determined and those </font><font style="font-family: Aptos; line-height: inherit;">actually practiced</font><font style="font-family: Aptos; line-height: inherit;"> by the Company. The complete document is available on the Company's website, under the 'Governance / Bylaws, Codes, and Policies' section, and on the CVM website. </font></font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 6pt 84.7pt; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Furthermore, starting in April 2024, the Statutory Executive Officers are also subject to the Stock Ownership Guidelines (SOG), which define that executives must maintain a minimum shareholding position, equivalent to (i) at least 5 times the annual fixed </font><font style="font-family: Aptos; line-height: inherit;">compensation</font><font style="font-family: Aptos; line-height: inherit;"> for the Ultrapar CEO or (ii) at least 3 times the annual fixed </font><font style="font-family: Aptos; line-height: inherit;">compensat</font><font style="font-family: Aptos; line-height: inherit;">ion for the others Statutory </font><font style="font-family: Aptos; line-height: inherit;">Officers</font><font style="font-family: Aptos; line-height: inherit;">, while serving in their roles at the Company. This demonstrates commitment to the organization's long-term performance and alignment with shareholder interests.</font></font></p>
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<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-size: 9pt;"><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">Post-</font><font style="font-family: Aptos; line-height: inherit;">employment</font><font style="font-family: Aptos; line-height: inherit;"> benefit: to encourage long-term savings, Ultrapar has offered, since 2001, a defined contribution supplementary pension plan, managed by Ultraprev &#8211; Associa&#231;&#227;o de Previd&#234;ncia Complementar. According to the plan, each executive&#8217;s basic contribution is optional and calculated as a percentage of their salary. Ultrapar matches the basic contribution with an equal amount on behalf of the executive, limited to 11% of the monthly reference salary. Furthermore, in addition to contributions to the FGTS system, Ultrapar </font><font style="font-family: Aptos; line-height: inherit;">established</font><font style="font-family: Aptos; line-height: inherit;"> in 2010 and has periodically reviewed an end-of-career policy intended to prepare executives for severance and to enable a planned and orderly succession process. The amount of the post-</font><font style="font-family: Aptos; line-height: inherit;">employment</font><font style="font-family: Aptos; line-height: inherit;"> benefit arising from this policy consists in potential additional compensation upon severance.</font></font></li>

















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<p style="line-height: 1.2; margin: 0pt 0pt 8pt 18pt; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Investment</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;"> Committee</font></font></p>
<ul style="list-style-type: circle;">
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; list-style-position: inside; margin: 6pt 0pt 8pt 28.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Fixed compensation: </font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-size: 9pt;"><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">Committee membership: the members of the </font><font style="font-family: Aptos; line-height: inherit;">Investment</font><font style="font-family: Aptos; line-height: inherit;"> Committee, currently composed only by Board members, are entitled to an extra monthly amount equivalent to 1/3 of a Board member&#8217;s fees. The Board member serving as Committee coordinator shall receive a monthly amount equivalent to 50% of a Board member&#8217;s fees. </font></font></li>

















</ul>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt 18pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Audit and Risk Committee</font></p>
<ul style="list-style-type: circle;">
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; list-style-position: inside; margin: 6pt 0pt 8pt 28.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Fixed compensation: </font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-size: 9pt;"><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">Committee membership: the members of the Audit and Risks Committee, currently composed only </font><font style="font-family: Aptos; line-height: inherit;">by</font><font style="font-family: Aptos; line-height: inherit;"> Board members, are entitled to an extra monthly amount equivalent to </font><font style="font-family: Aptos; line-height: inherit;">50%</font><font style="font-family: Aptos; line-height: inherit;"> of a Board member&#8217;s </font><font style="font-family: Aptos; line-height: inherit;">monthly </font><font style="font-family: Aptos; line-height: inherit;">fees. The Board member serving as Committee coordinator shall receive a monthly amount equivalent to 70% of a Board member&#8217;s fees. </font></font></li>

















</ul>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt 18pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">People and Sustainability Committee </font></p>
<ul style="margin: 0pt; padding-left: 0pt; list-style-type: disc;">
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; list-style-position: inside; margin: 6pt 0pt 8pt 28.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Fixed compensation: </font></li>

















</ul>
<ul style="list-style-type: circle;">
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-size: 9pt;"><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">Committee membership: the members of the People and Sustainability Committee, currently composed only </font><font style="font-family: Aptos; line-height: inherit;">by</font><font style="font-family: Aptos; line-height: inherit;"> Board members, are entitled to an extra monthly amount equivalent to 1/3 of a Board member&#8217;s fees. The Board member serving as Committee coordinator shall receive a monthly amount equivalent to 50% of a Board member&#8217;s fees. </font></font></li>

















</ul>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt 18pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Financial Risks Committee</font></p>
<ul style="list-style-type: circle;">
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; list-style-position: inside; margin: 6pt 0pt 8pt 28.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Fixed compensation: </font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; list-style-position: inside; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-size: 9pt;"><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">Committee membership: the Financial Risks Committee is composed of Ultrapar&#8217;s Chief Financial and Investor Relations Officer (&#8220;CFO&#8221;) and at least another person in charge of the: Planning, Treasury or Controllership department, and a minimum of two officers at Ultrapar or its subsidiaries, to be designated by the CFO. Members of </font><font style="font-family: Aptos; line-height: inherit;">said</font><font style="font-family: Aptos; line-height: inherit;"> committee do not earn any additional compensation for membership in this committee.</font></font></li>








</ul>







</div>
<ul style="list-style-type: circle;">

</ul>
<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'>93</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;"><a href="#TOC"></a><br></div>










</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; line-height: 1.2;"><br></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Conduct Committee</font></p>
<ul style="list-style-type: circle;">
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; list-style-position: inside; margin: 6pt 0pt 8pt 28.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Fixed compensation: </font></li>
<li style="font-family: 'Courier New'; font-size: 10pt; line-height: 1.2; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-size: 9pt;"><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">Committee membership: the Conduct Committee is composed of one external member, who acts as Chairman, and members of Ultrapar&#8217;s management, including the Risks, Integrity and Audit Officer. Committee members, </font><font style="font-family: Aptos; line-height: inherit;">with the exception of</font><font style="font-family: Aptos; line-height: inherit;"> the external </font><font style="font-family: Aptos; line-height: inherit;">member</font><font style="font-family: Aptos; line-height: inherit;">, do not earn any additional compensation for membership in this committee. The external member earns monthly compensation based on market practices as compensation for the responsibilities and complexity inherent to the position and for the professional&#8217;s individual contributions and experience.</font></font></li>












</ul>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 49.3pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Component&#8217;s share in </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">the total</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> compensation in the past 3 fiscal years</font></font></li>

















</ul>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The following table shows each component&#8217;s share of total management compensation in 2024, broken down as per item 8.2.</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: 13.1pt;">
<td colspan="7" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 525.35pt; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; % of the total compensation paid as</font></p>

















</td>

















</tr>
<tr style="height: 39.9pt;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.2pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Management Body</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; 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: 9pt; font-weight: bold; line-height: inherit;">Fixed compensation</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78.2pt; 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: 9pt; font-weight: bold; line-height: inherit;">Variable compensation</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Post-</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">employment</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> benefit</font></font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.5pt; 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: 9pt; font-weight: bold; line-height: inherit;">Benefits due to the interruption in the exercise of the position</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">S</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">hare</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">-based compensation</font></font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 36.6pt; 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: 9pt; font-weight: bold; line-height: inherit;">Total</font></p>

















</td>

















</tr>
<tr style="height: 3.1pt;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.2pt;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78.2pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.5pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 36.6pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 12.45pt;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.2pt;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Board of Directors</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">67%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78.2pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.5pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">33%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 36.6pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">100%</font></p>

















</td>

















</tr>
<tr style="height: 12.45pt;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.2pt;">
<p style="margin: 0pt;"><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: 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;">Fiscal Council</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">100%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78.2pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.5pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 36.6pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">100%</font></p>

















</td>

















</tr>
<tr style="height: 12.45pt;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.2pt;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">21%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78.2pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">21%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.5pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">57%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 36.6pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">100%</font></p>

















</td>

















</tr>
<tr style="height: 12.45pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.2pt;">
<p style="margin: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Investment</font><font style="font-family: Aptos; line-height: inherit;"> Committee</font></font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">100%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78.2pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.5pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 36.6pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">100%</font></p>

















</td>

















</tr>
<tr style="height: 12.45pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.2pt;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Audit and Risk Committee</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">100%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78.2pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.5pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 36.6pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">100%</font></p>

















</td>

















</tr>
<tr style="height: 12.45pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.2pt;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">People and Sustainability Committee</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">100%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78.2pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.5pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 36.6pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">100%</font></p>

















</td>

















</tr>
<tr style="height: 12.45pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.2pt;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Financial Risks Committee</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78.2pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.5pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 36.6pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0%</font></p>

















</td>

















</tr>
<tr style="height: 12.45pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.2pt;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Conduct Committee</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">100%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78.2pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.5pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 36.6pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">100%</font></p>

















</td>

















</tr>



































</table>
<p style="font-size: 10pt; line-height: 1.2; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 7.1pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The following table shows each component&#8217;s share of total management compensation in 2023, broken down as per item 8.2.</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 215px; width: 100%;" width="100%">

<tr style="height: 16px;">
<td colspan="7" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 517.35pt; 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: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; % of the total compensation paid as</font></p>

















</td>












</tr>
<tr style="height: 63px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.1pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 63px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Management Body</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 63px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Fixed compensation</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 63px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Variable compensation</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 63px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Post-</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">employment</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> benefit</font></font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 63px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Benefits due to the interruption in the exercise of the position</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78.2pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 63px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">S</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">hare</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">-based compensation</font></font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 42.55pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 63px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total</font></p>

















</td>












</tr>
<tr style="height: 15px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.1pt; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Board of Directors</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">76%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78.2pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">24%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 42.55pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">100%</font></p>

















</td>












</tr>
<tr style="height: 15px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.1pt; height: 15px;">
<p style="margin: 0pt;"><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: 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;">Fiscal Council</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">100%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78.2pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 42.55pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">100%</font></p>

















</td>












</tr>
<tr style="height: 15px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.1pt; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">25%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">33%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78.2pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">39%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 42.55pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">100%</font></p>

















</td>












</tr>
<tr style="height: 15px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.1pt; height: 15px;">
<p style="margin: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Investment</font><font style="font-family: Aptos; line-height: inherit;"> Committee</font></font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">100%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78.2pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 42.55pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">100%</font></p>

















</td>












</tr>
<tr style="height: 15px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.1pt; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Audit and Risk Committee</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">100%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78.2pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 42.55pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">100%</font></p>

















</td>












</tr>
<tr style="height: 31px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.1pt; height: 31px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">People and Sustainability Committee</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 31px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">100%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 31px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; height: 31px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 31px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78.2pt; height: 31px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 42.55pt; height: 31px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">100%</font></p>

















</td>












</tr>
<tr style="height: 15px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.1pt; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Financial Risks Committee</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78.2pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 42.55pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0%</font></p>

















</td>












</tr>
<tr style="height: 15px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.1pt; height: 15px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Conduct Committee</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">100%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78.2pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 42.55pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">100%</font></p>

















</td>












</tr>






























</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; 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'>94</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;"><a href="#TOC"></a><br></div>










</div>
<p style="margin:0pt"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 7.1pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The following table shows each component&#8217;s share of total management compensation in 2022, broken down as per item 8.2.</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: 10.8pt;">
<td colspan="7" style="vertical-align: top; width: 510.95pt; 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="line-height: 9.7pt; margin: 0pt 5pt 0pt 16.85pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">% of the total compensation paid as</font></p>

















</td>

















</tr>
<tr style="height: 10.8pt;">
<td style="vertical-align: middle; width: 106.1pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Management Body</font></p>

















</td>
<td style="vertical-align: middle; width: 70.85pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Fixed compensation</font></p>

















</td>
<td style="vertical-align: middle; width: 70.9pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Variable compensation</font></p>

















</td>
<td style="vertical-align: middle; width: 63.8pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; orphans: 0; text-align: center; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Post-</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">employment</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> benefit</font></font></p>

















</td>
<td style="vertical-align: middle; width: 85.05pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="line-height: 9.7pt; margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Benefits due to the interruption in the exercise of the position</font></p>

















</td>
<td style="vertical-align: middle; width: 72.45pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="line-height: 9.7pt; margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">S</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">hare</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">-based compensation</font></font></p>

















</td>
<td style="vertical-align: middle; width: 41.8pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="line-height: 9.7pt; margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total</font></p>

















</td>

















</tr>
<tr style="height: 10.8pt;">
<td style="vertical-align: top; width: 106.1pt;">
<p style="line-height: 9.7pt; margin: 0pt 0pt 0pt 3.45pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Board of Directors</font></p>

















</td>
<td style="vertical-align: top; width: 70.85pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">100%</font></p>

















</td>
<td style="vertical-align: top; width: 70.9pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 63.8pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 85.05pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 72.45pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 41.8pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">100%</font></p>

















</td>

















</tr>
<tr style="height: 10.95pt;">
<td style="vertical-align: top; width: 106.1pt;">
<p style="line-height: 9.45pt; margin: 0pt 0pt 0pt 3.45pt; orphans: 0; widows: 0;"><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: 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;">Fiscal Council</font></p>

















</td>
<td style="vertical-align: top; width: 70.85pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">100%</font></p>

















</td>
<td style="vertical-align: top; width: 70.9pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 63.8pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 85.05pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 72.45pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 41.8pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">100%</font></p>

















</td>

















</tr>
<tr style="height: 11.4pt;">
<td style="vertical-align: top; width: 106.1pt;">
<p style="margin: 0.1pt 0pt 0pt 3.45pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>
<td style="vertical-align: top; width: 70.85pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">28%</font></p>

















</td>
<td style="vertical-align: top; width: 70.9pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">46%</font></p>

















</td>
<td style="vertical-align: top; width: 63.8pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2%</font></p>

















</td>
<td style="vertical-align: top; width: 85.05pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 72.45pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">23%</font></p>

















</td>
<td style="vertical-align: top; width: 41.8pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">100%</font></p>

















</td>

















</tr>
<tr style="height: 11.3pt;">
<td style="vertical-align: top; width: 106.1pt;">
<p style="margin: 0.1pt 0pt 0pt 3.45pt; orphans: 0; widows: 0;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Investment</font><font style="font-family: Aptos; line-height: inherit;"> Committee</font></font></p>

















</td>
<td style="vertical-align: top; width: 70.85pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">100%</font></p>

















</td>
<td style="vertical-align: top; width: 70.9pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 63.8pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 85.05pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 72.45pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 41.8pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">100%</font></p>

















</td>

















</tr>
<tr style="height: 11.3pt;">
<td style="vertical-align: top; width: 106.1pt;">
<p style="margin: 0.1pt 0pt 0pt 3.45pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Audit and Risk Committee</font></p>

















</td>
<td style="vertical-align: top; width: 70.85pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">100%</font></p>

















</td>
<td style="vertical-align: top; width: 70.9pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 63.8pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 85.05pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 72.45pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 41.8pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">100%</font></p>

















</td>

















</tr>
<tr style="height: 11.3pt;">
<td style="vertical-align: top; width: 106.1pt;">
<p style="margin: 0.1pt 0pt 0pt 3.45pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">People and Sustainability Committee</font></p>

















</td>
<td style="vertical-align: top; width: 70.85pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">100%</font></p>

















</td>
<td style="vertical-align: top; width: 70.9pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 63.8pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 85.05pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 72.45pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 41.8pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">100%</font></p>

















</td>

















</tr>
<tr style="height: 11.3pt;">
<td style="vertical-align: top; width: 106.1pt;">
<p style="margin: 0pt 0pt 0pt 3.45pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Financial Risks Committee</font></p>

















</td>
<td style="vertical-align: top; width: 70.85pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 70.9pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 63.8pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 85.05pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 72.45pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 41.8pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0%</font></p>

















</td>

















</tr>
<tr style="height: 9.7pt;">
<td style="vertical-align: top; width: 106.1pt;">
<p style="line-height: 8.65pt; margin: 0.1pt 0pt 0pt 3.45pt; orphans: 0; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Conduct Committee</font></p>

















</td>
<td style="vertical-align: top; width: 70.85pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">100%</font></p>

















</td>
<td style="vertical-align: top; width: 70.9pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 63.8pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 85.05pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 72.45pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>
<td style="vertical-align: top; width: 41.8pt;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">100%</font></p>

















</td>

















</tr>



































</table>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt 49.3pt; padding-left: 8.25pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Calculation and adjustment methodology</font></li>

















</ul>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Board of Directors </font></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Fixed compensation: the fixed compensation of members of the Board of Directors is defined based on responsibility and complexity of the position, as well as market surveys of companies of </font><font style="font-family: Aptos; line-height: inherit;">a size</font><font style="font-family: Aptos; line-height: inherit;">, complexity and activities </font><font style="font-family: Aptos; line-height: inherit;">similar to</font><font style="font-family: Aptos; line-height: inherit;"> Ultrapar. As of 2023, total compensation relates to the term of office, where part of the fixed compensation is allocated to monthly fees, and part is converted into shares, granted once at the beginning of the term of office, with a vesting period tied to the term of office and an additional lockup period after the vesting. The calculation of the number of shares to be granted will consider the average value of the 30 trading sessions that preceded the grant.</font></font></li>

















</ul>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Fiscal Council</font></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; list-style-position: inside; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Fixed compensation: the fixed compensation of members of the <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: 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;">Fiscal Council</font></font><font style="font-family: Aptos; line-height: inherit;">&nbsp;is reviewed annually and considers the compensation paid to the Statutory Executive Officers, and market surveys of companies of a size and complexity </font><font style="font-family: Aptos; line-height: inherit;">similar to</font><font style="font-family: Aptos; line-height: inherit;"> Ultrapar. Additional details on the elements that make up compensation and their purposes are described in item 8.1.c.i.</font></font></li>

















</ul>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Statutory Executive Officers</font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;"><br></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">The Statutory Executive </font><font style="font-family: Aptos; line-height: inherit;">Officers&#8217;</font><font style="font-family: Aptos; line-height: inherit;"> fixed and short-term </font><font style="font-family: Aptos; line-height: inherit;">variable </font><font style="font-family: Aptos; line-height: inherit;">compensations consider other companies of a size, complexity and activities similar to Ultrapar, applying a methodology to allocate value to positions in line with factors such as required knowledge, problem-solving capability, and potential impact on results. The sum of the fixed and short-term variable components is intended to maintain competitiveness when compared to the already defined reference market if the agreed targets are 100% reached. Since October 2023, the variable compensation of the Statutory </font><font style="font-family: Aptos; line-height: inherit;">Executive Officers</font> <font style="font-family: Aptos; line-height: inherit;">also</font><font style="font-family: Aptos; line-height: inherit;"> subject to the Corporate Clawback Policy.</font></font></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt 0.35pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Fixed compensation: reviewed annually taking market practices into consideration, as identified in salary surveys (considering companies of a size, complexity and activities </font><font style="font-family: Aptos; line-height: inherit;">similar to</font><font style="font-family: Aptos; line-height: inherit;"> Ultrapar and its businesses), as well as individual experience and responsibilities evolution. Benefits are aligned with market practices.</font></font></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt 0.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Short-term variable compensation: based on the profit-sharing concept, this component is planned as a salary multiple that varies according to the executive&#8217;s level and market reference. It is contingent on the attainment of the Company&#8217;s financial targets and individual targets, all in line with the strategic plan as approved by the Board of Directors, representing 70% and 30% of its composition, respectively. Since 2022, executives have at least 1/3 of the individual non-financial goals related to ESG agenda.</font></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.; list-style-position: inside; margin;margin: 0pt 0pt 6pt 0.35pt; lign: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">S</font><font style="font-family: Aptos; line-height: inherit;">hare-based incentive </font><font style="font-family: Aptos; line-height: inherit;">plan: the </font><font style="font-family: Aptos; line-height: inherit;">amount</font><font style="font-family: Aptos; line-height: inherit;"> of shares to be granted to executives is </font><font style="font-family: Aptos; line-height: inherit;">set</font><font style="font-family: Aptos; line-height: inherit;"> annually by the Board of Directors. The amount granted in 2023 considers the average share price of the 30 trading sessions preceding the granting of shares. Since 2022, the long-term incentive agreements shall include the </font><font style="font-family: Aptos; font-style: italic; line-height: inherit;">malus</font><font style="font-family: Aptos; line-height: inherit;"> clause, which provides for the retention of the unvested shares upon verification of fraud or material mis</font><font style="font-family: Aptos; line-height: inherit;">statements</font><font style="font-family: Aptos; line-height: inherit;"> in the financial statements that benefited the executive officer unlawfully. In 2024, the Stock Ownership Guidelines (SOG) became effective, requiring executives to maintain a portion of their s</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based compensation while performing their duties in the Company.</font></font></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 1.2; list-style-position: inside; margi;margin: 0pt 0pt 6pt 0.35pt; align: justify; text-indent: 0pt;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">Post-</font><font style="font-family: Aptos; line-height: inherit;">employment</font><font style="font-family: Aptos; line-height: inherit;"> benefit: to encourage long-term savings, Ultrapar has since 2001 offered a defined contribution supplementary pension plan managed by Ultraprev &#8211; </font><font style="font-family: Aptos; font-style: italic; line-height: inherit;">Associa&#231;&#227;o de Previd&#234;ncia Complementar</font><font style="font-family: Aptos; line-height: inherit;">. According to the plan, each executive&#8217;s basic contribution is optional and calculated as a percentage of their salary. Ultrapar matches the basic contribution with an equal amount on behalf of the executive, limited to 11% of the monthly reference salary. Furthermore, in addition to contributions to the FGTS system, Ultrapar </font><font style="font-family: Aptos; line-height: inherit;">established in 2010</font><font style="font-family: Aptos; line-height: inherit;"> an end-of-career policy intended to prepare executives for severance and to enable a planned and orderly succession process. This policy is periodically reviewed. The amount of the post-</font><font style="font-family: Aptos; line-height: inherit;">employment</font><font style="font-family: Aptos; line-height: inherit;"> benefit arising from this policy consists in potential additional compensation upon severance.</font></font></li>








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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="line-height: 1.2;;margin:0pt"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">People and Sustainability Committee</font></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Membership compensation: set based on a board member&#8217;s fees, which in turn are based on market assessments, considering Ultrapar&#8217;s peer companies.</font></li>

















</ul>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Investment</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;"> Committee</font></font></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; list-style-position: inside; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Membership compensation: set based on a board member&#8217;s fees, which in turn are based on market assessments, considering Ultrapar&#8217;s peer companies.</font></li>












</ul>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Audit and Risks Committee</font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;"><br></font></p>
<ul style="margin: 0px; text-indent: 0px;">
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Membership compensation: set based on a board member&#8217;s fees, which in turn are based on market assessments, considering Ultrapar&#8217;s peer companies.</font></li>












</ul>












<br>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Financial Risks Committee</font></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Membership compensation: members of the Financial Risk Committee do not earn additional compensation for membership.</font></li>

















</ul>
<p style="line-height: 1.2; margin: 0px; break-after: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Conduct Committee</font></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Membership compensation: members of the Conduct Committee, </font><font style="font-family: Aptos; line-height: inherit;">with the exception of</font><font style="font-family: Aptos; line-height: inherit;"> the external member, do not earn additional compensation for membership. The external member earns compensation based on market practices, as discussed above.</font></font></li>












</ul>
<ul style="margin-inline-start: -91px;">
<li style="font-family: Symbol; font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Key performance indicators considered, including, if applicable, those related to ESG </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">issues</font></font></li>

















</ul>
<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; line-height: inherit;">Fixed compensation: the position&#8217;s responsibilities and complexity, the professional&#8217;s experience and market practices.</font></font></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; line-height: inherit;">Short-term variable compensation: (i) annually, EBITDA and operating cash flow targets are set and, as from 2024, EVA&#174; is set for each business and Ultrapar, in line with the strategic plan approved by the Board of Directors, and (ii) individual goals, the majority of which are tangible and associated with the business&#8217;s operating and commercial performance, people development, and project execution, among other objectives, are similarly in line with the strategic plan as approved by the Board of Directors. Since 2022, executives have at least 1/3 of the individual non-financial goals related to ESG agenda. </font></font></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; line-height: inherit;">S</font><font style="font-family: Aptos; line-height: inherit;">hare-based incentive plan</font><font style="font-family: Aptos; line-height: inherit;">: performance evolution over time and expected contribution to the Company&#8217;s value creation. According to the s</font><font style="font-family: Aptos; line-height: inherit;">hare-based incentive </font><font style="font-family: Aptos; line-height: inherit;">plan in force, approved by the General Shareholders&#8217; Meeting held in 2017, three programs exist, one tied exclusively to executives&#8217; period of permanence with the Company, and the other two covering two equal portions: one contingent on continued ties with the Company, and the other contingent on the attainment of financial targets previously set by the Board of Directors. Since 2020, grants were set based on economic value-added (EVA&#174;), in line with the Company&#8217;s strategic plan. The s</font><font style="font-family: Aptos; line-height: inherit;">hare-based incentive</font> <font style="font-family: Aptos; line-height: inherit;">plan approved at the Extraordinary General Shareholders&#8217; Meeting held on April 19, </font><font style="font-family: Aptos; line-height: inherit;">2023</font><font style="font-family: Aptos; line-height: inherit;"> sets forth new programs, which continue the strategy established previously. For the 2024 cycle, the target of the long-term incentive program will be granted in two parts, one </font><font style="font-family: Aptos; line-height: inherit;">not related to targets </font><font style="font-family: Aptos; line-height: inherit;">and the other conditioned to the executives' individual and collective performance, both linked to the period of permanence, according to the rules established in the programs.&nbsp; </font></font></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-style: normal; 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; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; line-height: inherit;">Post-</font><font style="font-family: Aptos; line-height: inherit;">employment</font><font style="font-family: Aptos; line-height: inherit;"> benefit: not tied to performance indicators.</font></font></li>








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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>96</font></font></td>










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<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 1.2;;margin:0pt"><br></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 8pt !important;"><font style="line-height: inherit;">ii.  </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Reasons supporting the composition of the compensation</font></font></div>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 8pt !important;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"><br></font></font></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">The Company&#8217;s compensation strategy combines short and long-term elements, and fixed and variable components that are balanced based on the principles of interests&#8217; alignment and competitive compensation. The aim is to encourage superior performance, appropriately compensate employees based on their assigned responsibilities and the value they create for the Company and its </font><font style="font-family: Aptos; line-height: inherit;">shareholders, and</font><font style="font-family: Aptos; line-height: inherit;"> retain key personnel through long-term </font><font style="font-family: Aptos; line-height: inherit;">vesting</font><font style="font-family: Aptos; line-height: inherit;"> of s</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based incentive instruments. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;"><br></font></font></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: -9pt; margin: 0pt 0pt 8pt !important;"><font style="line-height: inherit;">iii.  </font> <font style="font-family: Aptos; font-weight: bold; line-height: inherit;">The existence of non-compensated members and supporting reasons</font></font></div>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: -9pt; margin: 0pt 0pt 8pt !important;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"><br></font></font></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">All members of the Board of Directors, Statutory Executive Officers and advisory committees to the Board of Directors earn compensation. On the Board of Directors, the exception is made to members who also hold an executive position, who shall be compensated exclusively for the position as an Executive Officer. Regarding the </font><font style="font-family: Aptos; line-height: inherit;">Fiscal Council</font><font style="font-family: Aptos; line-height: inherit;">, all effective members are compensated. The alternate members do not receive compensation, as they do not hold the positions or exercise any activity in the Company.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;"><br></font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Except for the Conduct Committee&#8217;s external member, the other members of said committee and all members of the Financial Risks Committee do not earn additional compensation from the Company or its subsidiaries for membership, as it is understood that the compensation received in the original position of each member already includes participation in other management bodies.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="line-height: inherit;">d.  </font> <font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Existence of compensation supported by subsidiaries, or direct or indirect controlling shareholders</font></font></div>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;"><br></font></font></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;">The entire compensation of the Board of Directors and </font><font style="font-family: Aptos; line-height: inherit;">Fiscal Council</font><font style="font-family: Aptos; line-height: inherit;"> is paid by the Company directly.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; line-height: inherit;"><br></font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">For the Statutory Executive Officers, part of the compensation is directly recognized by the Company, and the remaining part is supported by its subsidiaries. For a breakdown of amounts supported by each subsidiary and the nature of such payments see item 8.19.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="line-height: inherit;">e.  </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; font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Existence of compensation or benefits tied to the occurrence of specific corporate events, such as transfer of the issuer&#8217;s controlling equity stake</font></font></div>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;"><br></font></font></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The long-term incentive programs approved by the Board of Directors until 2020 do not provide for compensation or benefit subject to corporate events. As of 2021, such compensation or benefit is possible, in conformity with the Corporate Executive Compensation Policy approved by the Board of Directors in December 2020.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;"><br></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">8.2. Total compensation of the members of the Board of Directors, Statutory Executive Officers and </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Fiscal Council</font></font></p>







</div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<div style="line-height: 1.2;">
<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'>97</font></font></td>










</tr>





















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<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
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</div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<div style="line-height: 1.2;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<table cellspacing="0" cellpadding="0" style="height: 0px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%">

<tr style="height: 24px;">
<td colspan="5" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 531.7pt; height: 24px;">
<p style="font-size: 10pt; line-height: 120%; margin: 0pt 0pt 6pt 7.1pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Projected 2025</font></p>

















</td>

















</tr>
<tr style="height: 14px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 81.2pt; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Fiscal Council</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">TOTAL</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 81.2pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 81.2pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Total number of members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">20.00</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 81.2pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of compensated members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">8.67 </font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">3.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">16.67</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 81.2pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 81.2pt; height: 17px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Annual fixed compensation </font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">7,374,000.00</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">13,459,702.11</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">868,983.19</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">21,702,685.30</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 81.2pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Salary or fees</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5,004,000.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9,638,400.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">868,983.19</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">15,511,383.19</font></p>

















</td>

















</tr>
<tr style="height: 13px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 81.2pt; height: 13px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Direct and indirect benefits</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 13px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 13px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,948,869.68</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 13px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 13px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">1,948,869.68</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 81.2pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Participation in committees</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2,370,000.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2,370,000.00</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 81.2pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Others</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,872,432.43</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">1,872,432.43</font></p>

















</td>

















</tr>
<tr style="height: 52px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 81.2pt; height: 52px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Description of other fixed compensation</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 52px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Does not include estimates of social charges that are the employer's onus, as specified in the Circular Letter/CVM/SEP/ 2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 52px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Does not include estimates of social charges that are the employer's onus, as specified in the Circular Letter/CVM/SEP/ 2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 52px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Does not include estimates of social charges that are the employer's onus, as specified in the Circular Letter/CVM/SEP/ 2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 52px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 81.2pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 81.2pt; height: 17px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Variable compensation </font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">13,760,341.71</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">13,760,341.71</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 81.2pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Bonus</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>

















</tr>
<tr style="height: 35px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 81.2pt; height: 35px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Profit sharing</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 35px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 35px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">13,760,341.71</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 35px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 35px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">13,760,341.71</font></p>

















</td>

















</tr>
<tr style="height: 35px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 81.2pt; height: 35px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Compensation for the participation in meetings</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 35px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 35px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 35px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 35px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 81.2pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Commissions</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 81.2pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Others</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 81.2pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Description of other variable compensation</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 81.2pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 81.2pt; height: 10px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Other compensation benefits</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">3,629,746.67</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">72,190,946.23</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">75,820,692.90</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 81.2pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Post-</font><font style="font-family: Aptos; line-height: inherit;">employment</font><font style="font-family: Aptos; line-height: inherit;"> benefit</font></font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,012,517.56</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">1,012,517.56</font></p>

















</td>

















</tr>
<tr style="height: 32px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 81.2pt; height: 32px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Benefits due to the interruption in the exercise of the position</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 32px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 32px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2,500,000.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 32px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 32px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2,500,000.00</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 81.2pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">S</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based compensation (including options)</font></font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">3,629,746.67</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">68,678,428.67</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">72,308,175.34</font></p>

















</td>

















</tr>
<tr style="height: 22px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 81.2pt; height: 22px;">
<p style="margin: 0pt; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Note</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of members determined as specified in the Circular Letter/CVM/SEP/2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of members determined as specified in the Circular Letter/CVM/SEP/2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of members determined as specified in the Circular Letter/CVM/SEP/2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 81.2pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 81.2pt; height: 17px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total compensation</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 124.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">11,003,746.67</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 120.5pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">99,410,990.05</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 106.3pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">868,983.19</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">111,283,719.91</font></p>

















</td>

















</tr>



































</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; 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'>98</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;"><a href="#TOC"></a><br></div>










</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 1.2;;margin:0pt"><br></p>
<table cellspacing="0" cellpadding="0" style="height: 0px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%">

<tr style="height: 11px;">
<td colspan="5" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 432.35pt; height: 11px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Actual&nbsp; 2024</font></p>

















</td>

















</tr>
<tr style="height: 14px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Fiscal Council</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">TOTAL</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Total number of members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">20.00</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of compensated members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">8.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">3.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">16.00</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 17px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Annual fixed compensation </font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">6,384,000.00</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">16,276,509.87</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">868,983.19</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">23,529,493.06</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Salary or fees</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">4,464,000.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">12,395,333.34</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">868,983.19</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">17,728,316.53</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Direct and indirect benefits</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,143,843.17</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">1,143,843.17</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Participation in committees</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,920,000.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">1,920,000.00</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Others</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2,737,333.36</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2,737,333.36</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Description of other fixed compensation</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Does not include estimates of social charges that are the employer's onus, as specified in the Circular Letter/CVM/SEP/ 2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Does not include estimates of social charges that are the employer's onus, as specified in the Circular Letter/CVM/SEP/ 2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Does not include estimates of social charges that are the employer's onus, as specified in the Circular Letter/CVM/SEP/ 2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 17px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Variable compensation </font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">16,148,585.36</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">16,148,585.36</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Bonus</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Profit sharing</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">16,148,585.36</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">16,148,585.36</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Compensation for the participation in meetings</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Commissions</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Others</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Description of other variable compensation</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 10px;">
<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: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 10px;">
<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: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 10px;">
<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: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 18px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 18px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Other compensation benefits</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 18px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">3,113,240.00</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 18px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">45,957,200.07</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 18px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 18px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">49,070,440.07</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Post-</font><font style="font-family: Aptos; line-height: inherit;">employment</font><font style="font-family: Aptos; line-height: inherit;"> benefit</font></font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,416,554.20</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">1,416,554.20</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Benefits due to the interruption in the exercise of the position</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">S</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based compensation (including options)</font></font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">3,113,240.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">44,540,645.87</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">47,653,885.87</font></p>

















</td>

















</tr>
<tr style="height: 34px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 34px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Note</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of members determined as specified in the Circular Letter/CVM/SEP/2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of members determined as specified in the Circular Letter/CVM/SEP/2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of members determined as specified in the Circular Letter/CVM/SEP/2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 17px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total compensation</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 83pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">9,497,240.00</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 72pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">78,382,295.30</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 74pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">868,983.19</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 68.35pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">88,748,518.49</font></p>

















</td>

















</tr>



































</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 7.1pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>







</div>
<div style="line-height: 1.2;">
<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'>99</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;"><a href="#TOC"></a><br></div>










</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 1.2;;margin:0pt"><br></p>
<table cellspacing="0" cellpadding="0" style="height: 0px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%">

<tr style="height: 10px;">
<td colspan="5" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 432.35pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Actual 2023</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Fiscal Council</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">TOTAL</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Total number of members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9.30</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.30</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">20.60</font></p>

















</td>

















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of compensated members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 16px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">8.60</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 16px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.30</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 16px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">3.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 16px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">16.90</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 17px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Annual fixed compensation </font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">7,503,300.00</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">15,464,584.65</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">828,423.67</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">23,796,308.32</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Salary or fees</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5,581,800.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">11,620,666.67</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">828,423.67</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">18,030,890.34</font></p>

















</td>

















</tr>
<tr style="height: 20px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Direct and indirect benefits</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 20px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 20px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,254,195.66</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 20px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 20px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">1,254,195.66</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Participation in committees</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,921,500.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">1,921,500.00</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Others</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2,589,722.32</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2,589,722.32</font></p>

















</td>

















</tr>
<tr style="height: 36px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 36px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Description of other fixed compensation</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 36px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Does not include social charges that are the employer's onus, as specified in the Circular Letter/CVM/SEP/2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 36px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Does not include social charges that are the employer's onus, as specified in the Circular Letter/CVM/SEP/2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 36px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Does not include social charges that are the employer's onus, as specified in the Circular Letter/CVM/SEP/2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 36px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 17px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Variable compensation </font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">20,871,900.01</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">20,871,900.01</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Bonus</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>

















</tr>
<tr style="height: 14px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 14px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Profit sharing</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 14px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 14px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">20,871,900.01</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 14px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 14px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">20,871,900.01</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Compensation for the </font><font style="font-family: Aptos; line-height: inherit;">participation in meetings</font></font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Commissions</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Others</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Description of other variable compensation</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 10px;">
<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: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 10px;">
<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: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 10px;">
<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: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 14px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 14px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Other compensation benefits</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 14px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2,334,930.00</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 14px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">26,598,631.84</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 14px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 14px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">28,933,561.84</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Post-</font><font style="font-family: Aptos; line-height: inherit;">employment</font><font style="font-family: Aptos; line-height: inherit;"> benefit</font></font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,306,401.58</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">1,306,401.58</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Benefits due to the interruption in the exercise of the position</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,007,000.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">1,007,000.00</font></p>

















</td>

















</tr>
<tr style="height: 14px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 14px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">S</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based compensation (including options)</font></font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 14px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2,334,930.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 14px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">24,285,230.26</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 14px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 14px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">26,620,160.26</font></p>

















</td>

















</tr>
<tr style="height: 40px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 135pt; height: 40px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Note</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 40px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of members determined as specified in the Circular Letter/CVM/SEP/2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 40px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of members determined as specified in the Circular Letter/CVM/SEP/2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 40px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of members determined as specified in the Circular Letter/CVM/SEP/2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 40px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 135pt; height: 17px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total compensation</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">9,838,230.00</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">62,935,116.50</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 80pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">828,423.67</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.35pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">73,601,770.17</font></p>

















</td>

















</tr>



































</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>







</div>
<div style="line-height: 1.2;">
<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'>100</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;"><a href="#TOC"></a><br></div>










</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 1.2;;margin:0pt"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 439px; width: 100%; text-indent: 0px;" width="100%">

<tr style="height: 32px;">
<td colspan="5" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 432.35pt; height: 32px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Actual 2022</font></p>
<p style="margin: 0pt;"><font style="color: #00b0f0; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 101.2pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Fiscal Council</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">TOTAL</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 101.2pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 101.2pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Total number of members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">10.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6.25</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">22.25</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 101.2pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of compensated members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">10.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6.25</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">3.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">19.25</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 101.2pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 101.2pt; height: 17px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Annual fixed compensation </font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">10,267,833.83</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">15,751,972.62</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">796,398.04</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">26,816,204.49</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 101.2pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Salary or fees</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">8,156,750.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">12,008,407.31</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">796,398.04</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">20,961,555.35</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 101.2pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Direct and indirect benefits</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,176,004.79</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">1,176,004.79</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 101.2pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Participation in committees</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2,111,083.83</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2,111,083.83</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 101.2pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Others</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2,567,560.52</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2,567,560.52</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 101.2pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Description of other fixed compensation</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Does not include social charges that are the employer's onus, as specified in the Circular Letter/CVM/SEP/2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Does not include social charges that are the employer's onus, as specified in the Circular Letter/CVM/SEP/2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Does not include social charges that are the employer's onus, as specified in the Circular Letter/CVM/SEP/2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 101.2pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 101.2pt; height: 17px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Variable compensation </font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">25,756,373.70</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">25,756,373.70</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 101.2pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Bonus</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 101.2pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Profit sharing</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">25,756,373.70</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">25,756,373.70</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 101.2pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Compensation for the participation in meetings</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 101.2pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Commissions</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 101.2pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Others</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>

















</tr>
<tr style="height: 14px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 101.2pt; height: 14px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Description of other variable compensation</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 14px;">
<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: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 14px;">
<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: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 14px;">
<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: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 101.2pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 101.2pt; height: 10px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Other compensation benefits</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">14,191,169.52</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">14,191,169.52</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 101.2pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Post-</font><font style="font-family: Aptos; line-height: inherit;">employment</font></font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,331,697.56</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">1,331,697.56</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 101.2pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Benefits due to the interruption in the exercise of the position</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 10px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 101.2pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">S</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based compensation (including options)</font></font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">12,859,471.96</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 17px; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">12,859,471.96</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 101.2pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Note</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of members determined as specified in the Circular Letter/CVM/SEP/2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of members determined as specified in the Circular Letter/CVM/SEP/2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of members determined as specified in the Circular Letter/CVM/SEP/2024.</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 101.2pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 101.2pt; height: 17px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total compensation</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 76pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">10,267,833.83</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 92.15pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">55,699,515.84</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">796,398.04</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">66,763,747.71</font></p>

















</td>

















</tr>



































</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>







</div>
<div style="line-height: 1.2;">
<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'>101</font></font></td>










</tr>





















</table>
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<div style="line-height: 1.2;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 1.2;;margin:0pt"><br></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 7.1pt; break-before: page; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">8.3. &#8211; Variable compensation recognized in the last 3 fiscal years and the estimated </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">c</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">ompensation for the current fiscal year of the Board of Directors, </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Fiscal Council</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> and Statutory Executive Officers</font></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 207px; width: 100%;" width="100%">

<tr style="height: 29px;">
<td colspan="15" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 472pt; height: 29px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Projected 2025</font></p>

















</td>











</tr>
<tr style="height: 16px;">
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 218pt; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt;"><font style="color: #ffffff; font-family: Aptos; font-weight: bold; line-height: inherit;">Fiscal Council</font></font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 58pt; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 218pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total number of members</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">9.00</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">5.00</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">6.00</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 58pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">20.00</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 218pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Number of compensated members</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">5.00</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 58pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">5.00</font></p>

















</td>











</tr>
<tr style="height: 17px;">
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 218pt; height: 17px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Bonus:</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 58pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 218pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Minimum under the compensation plan</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 58pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">N/A</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 218pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Maximum under the compensation plan</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 58pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">N/A</font></p>

















</td>











</tr>
<tr style="height: 11px;">
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 218pt; height: 11px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Estimated under the compensation plan assuming target attainment</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 58pt; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">N/A</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 218pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Recognized amount</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 58pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">N/A</font></p>

















</td>











</tr>
<tr style="height: 15px;">
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 218pt; height: 15px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Profit-sharing:</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 58pt; height: 15px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 218pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Minimum under the compensation plan</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Zero</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 58pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Zero</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 218pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Maximum under the compensation plan&#178;</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">15,381.50</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 58pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">15,381.50</font></p>

















</td>











</tr>
<tr style="height: 19px;">
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 218pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Estimated under the compensation plan assuming target attainment</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">10,908.87</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 58pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">10,908.87</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 218pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Recognized amount</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 58pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">N/A</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 218pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 78pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 58pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td colspan="15" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 472pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&#185; Considers only members to whom variable compensation has been allocated, as specified in Circular Letter/CVM/SEP/2024</font></p>
<p style="line-height: 12pt; margin: 0cm; font-size: 12pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-size: 10pt; font-family: Aptos, sans-serif; color: rgb(0, 0, 0); margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt;;color: black;">&#178;&nbsp;</font><font style="font-family: Aptos; font-size: 9pt;;color: black;">Regarding the portion linked to individual
performance, the evaluation occurs within the range of 80% to 120% of goal achievement.
The maximum compensation is calculated based on achieving 150% of economic
goals and 120% of individual goals.</font><font style="text-decoration: underline; color: #008080;"></font></font></p>

















</td>











</tr>





























</table>















</div>
<div style="width: 8.5in; margin: 0 auto;"><br><font style="color: #000000; font-family: Aptos; font-size: 12px; 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: underline; float: none; display: inline !important;">Actual 2024</font><br>
<table cellspacing="0" cellpadding="0" style="height: 233px; 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 colspan="2" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 39.2419%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.0714%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.9649%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>
<td colspan="2" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.5493%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt;"><font style="color: #ffffff; font-family: Aptos; font-weight: bold; line-height: inherit;">Fiscal Council</font></font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.8103%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total</font></p>

















</td>
<td style="height: 10px; width: 2.41064%;"><br></td>















</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 39.2419%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total number of members</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.0714%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">9.00</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.9649%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">5.00</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.5493%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">6.00</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.8103%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">20.00</font></p>

















</td>
<td style="height: 17px; width: 2.41064%;"><br></td>















</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 39.2419%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Number of compensated members</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.0714%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.9649%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">5.00</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.5493%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.8103%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">5.00</font></p>

















</td>
<td style="height: 17px; width: 2.41064%;"><br></td>















</tr>
<tr style="height: 17px;">
<td colspan="2" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 39.2419%; height: 17px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Bonus:</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.0714%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.9649%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="2" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.5493%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.8103%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="height: 17px; width: 2.41064%;"><br></td>















</tr>
<tr style="height: 10px;">
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 39.2419%; height: 10px;">
<p style="margin: 0pt; text-indent: 11pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Minimum under the compensation plan</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.0714%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.9649%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.5493%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.8103%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">N/A</font></p>

















</td>
<td style="height: 10px; width: 2.41064%;"><br></td>















</tr>
<tr style="height: 10px;">
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 39.2419%; height: 10px;">
<p style="margin: 0pt; text-indent: 11pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Maximum under the compensation plan</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.0714%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.9649%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.5493%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.8103%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">N/A</font></p>

















</td>
<td style="height: 10px; width: 2.41064%;"><br></td>















</tr>
<tr style="height: 10px;">
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 39.2419%; height: 10px;">
<p style="margin: 0pt; text-indent: 11pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Estimated under the compensation plan assuming target attainment</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.0714%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.9649%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.5493%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.8103%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">N/A</font></p>

















</td>
<td style="height: 10px; width: 2.41064%;"><br></td>















</tr>
<tr style="height: 10px;">
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 39.2419%; height: 10px;">
<p style="margin: 0pt; text-indent: 11pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Recognized amount</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.0714%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.9649%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.5493%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.8103%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">N/A</font></p>

















</td>
<td style="height: 10px; width: 2.41064%;"><br></td>















</tr>
<tr style="height: 10px;">
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 39.2419%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.0714%; height: 10px;">
<p style="margin: 0pt; text-align: center; font-family: Aptos;"><font style="font-size: 9pt; margin: 0pt; text-indent: 11pt;"><font style="color: #ffffff; font-family: Aptos; font-weight: bold; line-height: inherit; margin: 0pt; text-indent: 11pt;">(in<font style="font-family: Aptos; font-size: 9pt; ;font-weight: normal; ;color: black;">&nbsp;</font></font></font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.9649%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.5493%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.8103%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="height: 10px; width: 2.41064%;"><br></td>















</tr>
<tr style="height: 10px;">
<td colspan="2" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 39.2419%; height: 10px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Profit-sharing:</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.0714%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.9649%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="2" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.5493%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.8103%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="height: 10px; width: 2.41064%;"><br></td>















</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 39.2419%; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Minimum under the compensation plan</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.0714%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.9649%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Zero</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.5493%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.8103%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Zero</font></p>

















</td>
<td style="height: 17px; width: 2.41064%;"><br></td>















</tr>
<tr style="height: 13px;">
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 39.2419%; height: 13px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Maximum under the compensation plan&#178;</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.0714%; height: 13px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.9649%; height: 13px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">22,066.5</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.5493%; height: 13px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.8103%; height: 13px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">22,066.50</font></p>

















</td>
<td style="height: 13px; width: 2.41064%;"><br></td>















</tr>
<tr style="height: 21px;">
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 39.2419%; height: 21px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Estimated under the compensation plan assuming target attainment</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.0714%; height: 21px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.9649%; height: 21px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">15,650.0</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.5493%; height: 21px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.8103%; height: 21px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">15,650.00</font></p>

















</td>
<td style="height: 21px; width: 2.41064%;"><br></td>















</tr>
<tr style="height: 20px;">
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 39.2419%; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Recognized amount</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.0714%; height: 20px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.9649%; height: 20px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">16,148.6</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 11.5493%; height: 20px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.8103%; height: 20px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">16,148.6</font></p>

















</td>
<td style="height: 20px; width: 2.41064%;"><br></td>















</tr>
<tr style="height: 10px;">
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 39.2419%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 20.0714%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 11.9649%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 11.5493%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 23.8103%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="height: 10px; width: 2.41064%;"><br></td>















</tr>
<tr style="height: 21px;">
<td colspan="13" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 106.638%; height: 21px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&#185; Considers only members to whom variable compensation has been allocated, as specified in Circular Letter/CVM/SEP/2024</font></p>

















</td>
<td style="height: 21px; width: 2.41064%;"><br></td>















</tr>
<tr style="height: 10px;">
<td colspan="13" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 106.638%; height: 10px;">
<p style="margin: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">&#178; Regarding the portion related to the individual performance, the evaluation is performed between 80% and 120% of the goals achieved. Concerning the portion related to </font><font style="font-family: Aptos; line-height: inherit;">the economic</font><font style="font-family: Aptos; line-height: inherit;"> performance, the evaluation considers value creation targets, as measured by EVA&#174;. The maximum compensation is calculated based on an achievement of 200% of the economic value generation goals and 120% of the individual goals</font><font style="font-family: Aptos; line-height: inherit;">.</font></font></p>

















</td>
<td style="height: 10px; width: 2.41064%;"><br></td>















</tr>

































</table>
<div style="line-height: 1.2;"><br></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'>102</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;"><a href="#TOC"></a><br></div>










</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<table cellspacing="0" cellpadding="0" style="height: 234px; 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 colspan="13" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 106.638%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">A</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">ctual</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;"> 2023</font></font></p>

















</td>
<td style="height: 10px; width: 2.41064%;"><br></td>















</tr>
<tr style="height: 10px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.2653%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.7748%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 18.2582%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>
<td colspan="4" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.9026%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt;"><font style="color: #ffffff; font-family: Aptos; font-weight: bold; line-height: inherit;">Fiscal Council</font></font></p>

















</td>
<td colspan="2" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.4368%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total</font></p>

















</td>
<td style="vertical-align: top; height: 10px; width: 2.41064%;"></td>















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.2653%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total number of members</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.7748%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">9.30</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 18.2582%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">5.30</font></p>

















</td>
<td colspan="4" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.9026%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">6.00</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.4368%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">20.60</font></p>

















</td>
<td style="vertical-align: top; height: 17px; width: 2.41064%;"></td>















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.2653%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Number of compensated members</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.7748%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 18.2582%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">5.30</font></p>

















</td>
<td colspan="4" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.9026%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.4368%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">5.30</font></p>

















</td>
<td style="vertical-align: top; height: 17px; width: 2.41064%;"></td>















</tr>
<tr style="height: 17px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.2653%; height: 17px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Bonus:</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.7748%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 18.2582%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="4" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.9026%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="2" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.4368%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="vertical-align: top; height: 17px; width: 2.41064%;"></td>















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 23.2653%; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Minimum under the compensation plan</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.7748%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 18.2582%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="4" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.9026%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.4368%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">N/A</font></p>

















</td>
<td style="vertical-align: top; height: 10px; width: 2.41064%;"></td>















</tr>
<tr style="height: 16px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 23.2653%; height: 16px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Maximum under the compensation plan</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.7748%; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 18.2582%; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="4" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.9026%; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.4368%; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">N/A</font></p>

















</td>
<td style="vertical-align: top; height: 16px; width: 2.41064%;"></td>















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 23.2653%; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Estimated under the compensation plan assuming target attainment</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.7748%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 18.2582%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="4" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.9026%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.4368%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">N/A</font></p>

















</td>
<td style="vertical-align: top; height: 17px; width: 2.41064%;"></td>















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 23.2653%; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Recognized amount</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.7748%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 18.2582%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="4" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.9026%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.4368%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">N/A</font></p>

















</td>
<td style="vertical-align: top; height: 10px; width: 2.41064%;"></td>















</tr>
<tr style="height: 10px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.2653%; height: 10px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Profit-sharing:</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.7748%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 18.2582%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="4" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.9026%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="2" style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.4368%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="vertical-align: top; height: 10px; width: 2.41064%;"></td>















</tr>
<tr style="height: 14px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 23.2653%; height: 14px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Minimum under the compensation plan</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.7748%; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 18.2582%; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Zero</font></p>

















</td>
<td colspan="4" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.9026%; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.4368%; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Zero</font></p>

















</td>
<td style="vertical-align: top; height: 14px; width: 2.41064%;"></td>















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 23.2653%; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Maximum under the compensation plan&#178;</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.7748%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 18.2582%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">22,884.30</font></p>

















</td>
<td colspan="4" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.9026%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.4368%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">22,884.30</font></p>

















</td>
<td style="vertical-align: top; height: 10px; width: 2.41064%;"></td>















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 23.2653%; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Estimated under the compensation plan assuming target attainment</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.7748%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 18.2582%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">16,230.00</font></p>

















</td>
<td colspan="4" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.9026%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.4368%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">16,230.00</font></p>

















</td>
<td style="vertical-align: top; height: 10px; width: 2.41064%;"></td>















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 23.2653%; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Recognized amount</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 23.7748%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 18.2582%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">20,871.90</font></p>

















</td>
<td colspan="4" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.9026%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 20.4368%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">20,871.90</font></p>

















</td>
<td style="vertical-align: top; height: 10px; width: 2.41064%;"></td>















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 23.2653%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 23.7748%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 18.2582%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="4" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 20.9026%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 20.4368%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="vertical-align: top; height: 17px; width: 2.41064%;"></td>















</tr>
<tr style="height: 10px;">
<td colspan="13" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 106.638%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&#185; Considers only members to whom variable compensation has been allocated, as specified in Circular Letter/CVM/SEP/2024</font></p>

















</td>
<td style="vertical-align: top; height: 10px; width: 2.41064%;"></td>















</tr>
<tr style="height: 29px;">
<td colspan="13" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 29px; width: 106.638%;">
<p style="margin: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">&#178; Regarding the portion related to the individual performance, the evaluation is performed between 80% and 120% of the goals achieved. Concerning the portion related to </font><font style="font-family: Aptos; line-height: inherit;">the economic</font><font style="font-family: Aptos; line-height: inherit;"> performance, the evaluation considers value creation targets, as measured by EVA&#174;. The maximum compensation is calculated based on an achievement of 200% of the economic value generation goals and 120% of the individual goals</font></font></p>

















</td>
<td style="width: 2.41064%; height: 29px;"><br></td>















</tr>





























</table>
<p style="line-height: 1.2;"><font style="font-size: 9pt;">&nbsp;</font></p>







</div>
<div style="line-height: 1.2;">
<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'>103</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;"><a href="#TOC"></a><br></div>










</div>
<div style="width: 8.5in; margin: 0 auto;">
<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; width: 100%; height: 267px; text-indent: 0px;" width="100%">

<tr style="height: 29px;">
<td colspan="5" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 448pt; height: 29px;">
<p style="margin: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">A</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">ctual</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;"> 2022</font></font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 190pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt;"><font style="color: #ffffff; font-family: Aptos; font-weight: bold; line-height: inherit;">Fiscal Council</font></font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 190pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total number of members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">10.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">6.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">6.25</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">22.25</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 190pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Number of compensated members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">6.25</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">19.25</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 190pt; height: 17px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Bonus:</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 190pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Minimum under the compensation plan</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">N/A</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 190pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Maximum under the compensation plan</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">N/A</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 190pt; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Estimated under the compensation plan assuming target attainment</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">N/A</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 190pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Recognized amount</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">N/A</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 190pt; height: 10px;">
<p style="margin: 0pt;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Profit-sharing:</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="background-color: #002060; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 190pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Minimum under the compensation plan</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Zero</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Zero</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 190pt; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Maximum under the compensation plan&#178;</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">27,283.50</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">27,283.50</font></p>

















</td>

















</tr>
<tr style="height: 22px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 190pt; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Estimated under the compensation plan assuming target attainment</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">19,350.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">19,350.00</font></p>

















</td>

















</tr>
<tr style="height: 13px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 190pt; height: 13px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Recognized amount</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77pt; height: 13px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 13px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 61pt; height: 13px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">25,756.4</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 59pt; height: 13px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">25,756.4</font></p>

















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 190pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 77pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 61pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 61pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 59pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>

















</tr>
<tr style="height: 11px;">
<td colspan="5" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 448pt; height: 11px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&#185; Considers only members to whom variable compensation has been allocated, as specified in Circular Letter/CVM/SEP/2024</font></p>

















</td>

















</tr>
<tr style="height: 37px;">
<td colspan="5" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 448pt; height: 37px;">
<p style="margin: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">&#178; Regarding the portion related to the individual performance, the evaluation is performed between 80% and 120% of the goals achieved. Concerning the portion related to </font><font style="font-family: Aptos; line-height: inherit;">the economic</font><font style="font-family: Aptos; line-height: inherit;"> performance, the evaluation considers value creation targets, as measured by EVA&#174;. The maximum compensation is calculated based on an achievement of 200% of the economic value generation goals and 120% of the individual goals</font></font></p>

















</td>

















</tr>



































</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"><br></font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">8.4. &#8211; Concerning the s</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">hare</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">-based compensation plan for the Board of Directors and Statutory Executive Officers, in force in the previous fiscal year and estimated for the current fiscal year, describe:</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"><br></font></font></p>
<ol style="margin: 0pt; padding-left: 0pt; list-style-type: lower-alpha;">
<li style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: 120%; list-style-position: inside; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> General terms and conditions</font></li>












</ol>












<br>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Ultrapar has since 2003 adopted a s</font><font style="font-family: Aptos; line-height: inherit;">hare-based incentive </font><font style="font-family: Aptos; line-height: inherit;">plan under which the executive was granted the </font><font style="font-family: Aptos; line-height: inherit;">usufruct</font><font style="font-family: Aptos; line-height: inherit;"> of shares held in treasury, for periods of 5 to 7 years. After this period </font><font style="font-family: Aptos; line-height: inherit;">the ownership</font><font style="font-family: Aptos; line-height: inherit;"> of the shares is transferred, provided that the relationship between the executive and the Company or its subsidiaries has not been interrupted. Said plan made its latest grants in 2017, and the vesting periods ended in 2023.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;"><br></font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">At the Annual and Extraordinary General Shareholders&#8217; Meeting held in April 2017, Ultrapar&#8217;s shareholders approved a s</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based incentive plan, which establishes the general terms and conditions for granting common shares issued by the Company held in treasury, which may or may not involve granting usufruct over any portion thereof for subsequent transfer of ownership for periods from 3 to 10 years, to officers or staff of the Company or of its subsidiaries.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;"><br></font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">At the Annual and Extraordinary General Shareholders&#8217; Meeting held on April 19, 2017, Ultrapar&#8217;s shareholders approved a s</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based incentive plan, which establishes the general terms and </font><font style="font-family: Aptos; line-height: inherit;">conditions for granting common shares issued by the Company held in treasury, which may or may not involve granting usufruct over any portion thereof for subsequent transfer of ownership to officers or staff of the Company or of its subsidiaries. All new programs approved by the Board of Directors will be based on this plan until a new plan is approved.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;"><br></font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">In accordance with the approved plan, the Board of Directors may create programs for granting restricted shares, in which it will deliberate, respecting the terms of the plan, on the beneficiaries of the program, number of shares distributed, vesting, the division of the grant into tranches, </font><font style="font-family: Aptos; line-height: inherit;">any</font><font style="font-family: Aptos; line-height: inherit;"> restrictions on the effective delivery of shares and provisions on penalties. The volume of shares and the beneficiary executives are determined by the Board of Directors, based on the People and Sustainability Committee&#8217;s recommendation.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>







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<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>104</font></font></td>










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</div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;"><br></font></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">It should be noted that the global volume established in the plan approved in 2017 was fully used. For the new s</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based incentive plan approved in 2023, the total number of shares to be used shall be subject to the availability of such shares held in treasury and shall be limited to 5% of the </font><font style="font-family: Aptos; line-height: inherit;">share </font><font style="font-family: Aptos; line-height: inherit;">capital on the date of the plan&#8217;s approval, which corresponds to 55,760,215 shares. Annually, the Company may grant 1% of its </font><font style="font-family: Aptos; line-height: inherit;">share c</font><font style="font-family: Aptos; line-height: inherit;">apital on April 19, 2023.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ultrapar does not have an active stock option plan.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="line-height: inherit;">b.  </font> <font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Date of approval and responsible body</font></font></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 8pt 0pt 8pt 0pt; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">The s</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based incentive plans currently in force were approved at the Annual and Extraordinary General Shareholders&#8217; Meetings of April 19, </font><font style="font-family: Aptos; line-height: inherit;">2017</font><font style="font-family: Aptos; line-height: inherit;"> and April 19, 2023. </font></font></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="line-height: inherit;">c.  </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; font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Maximum number of shares considered</font></font></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 8pt 0pt 8pt 0pt; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">The total number of shares to be used under the s</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based incentive plan approved in 2023 is subject to the availability of such shares held in treasury and limited to 5%, with a limit of use of 1% per year, of the </font><font style="font-family: Aptos; line-height: inherit;">share </font><font style="font-family: Aptos; line-height: inherit;">capital on the date of the plan&#8217;s approval, which corresponds to 55,760,215 shares, with a limit of 11,152,043 shares per year. The total volume established in the plan approved in 2017 was utilized. For information on shares already awarded to the Company&#8217;s statutory executive officers, see Item 8.10. </font></font></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="line-height: inherit;">d.  </font> <font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Maximum number of options to be granted</font></font></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 8pt 0pt 8pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Not applicable.</font></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="line-height: inherit;">e.  </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; font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Conditions for acquisition of shares</font></font></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 8pt 0pt 0pt 0pt; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Shares are granted to managers in quantities previously set by the Board of Directors, considering the global annual compensation limit approved by the General Shareholders&#8217; Meeting. Considering the plans approved by the Company&#8217;s General Shareholders&#8217; Meeting held in 2003, 2017 and 2023, these shares shall remain as treasury shares for a minimum period of 2 years. Securing full ownership over the shares depends on the completion of the period established in each program and the maintenance of the executive&#8217;s relationship with the Company or its subsidiaries.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;"><br></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Until 2023, the Corporate Executive Compensation Policy, based on the approved plans, provided for the granting of performance shares, and their transfer shall be contingent on the attainment of the Company&#8217;s financial targets over the duration of the vesting period. These shares are not </font><font style="font-family: Aptos; line-height: inherit;">subject to the grant of usufruct. The financial targets involved are previously set by the Board of Directors; from 2020 to 2023, the targets were set based on economic value-added (EVA&#174;). The Corporate Executive Compensation Policy approved by the Board of Directors in February 2024 was amended to solely provide for the granting of restricted shares.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;"><br></font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">According to the new s</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based incentive plan approved by the Annual and Extraordinary General Shareholders&#8217; Meeting on April 19, 2023, the grants made to members of the Board of Directors are based only on restricted shares. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;"><br></font></font></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="line-height: inherit;">f.  </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; font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Criteria for setting the acquisition or exercise price</font></font></div>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;"><br></font></font></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">There is no exercise price because we have no options. The acquisition price, on the other hand, is defined based on the average price of the common shares of Grupo Ultra at B3 &#8211; Brazil Stock Exchange and Over-the-Counter Market for the period prior to the assessment.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="line-height: inherit;">g.  </font> <font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Criteria for setting the acquisition or exercise period</font></font></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 8pt 0pt 8pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Not applicable.</font></p>







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<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="line-height: inherit;"><br></font></font></div>
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<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="line-height: inherit;">h.  </font> <font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Settlement method</font></font></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 8pt 0pt 8pt 0pt; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">S</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based programs are settled upon the delivery of existing treasury s</font><font style="font-family: Aptos; line-height: inherit;">hares</font><font style="font-family: Aptos; line-height: inherit;">.</font></font></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="line-height: inherit;">i.  </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; font-family: 'Times New Roman';">&nbsp;&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Restrictions on transfer of shares</font></font></div>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;"><br></font></font></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">For the case of s</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based incentive programs granted to the Statutory Executive Board, shares granted to executives shall remain as Company&#8217;s treasury shares for a period from 3 to 10 years, during which executives may or may not enjoy usufruct rights over the shares. After this period and the transfer of full ownership to the executives, the shares may be freely traded, subject to the Stock Ownership Guidelines (SOG) </font><font style="font-family: Aptos; line-height: inherit;">directive i</font><font style="font-family: Aptos; line-height: inherit;">n effect as of April 2024. For information on shares already awarded to the Company&#8217;s statutory executive officers, see Item 8.10.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;"><br></font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">The transfer of </font><font style="font-family: Aptos; line-height: inherit;">granted performance</font><font style="font-family: Aptos; line-height: inherit;"> shares shall be contingent on the attainment of the Company&#8217;s financial goals over the course of the vesting period. If the targets previously set by the Board of Directors are not met, the performance shares shall not be transferred. Executives may only trade them after the vesting of the shares.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;"><br></font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">According to the new s</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based incentive plan approved at the Annual and Extraordinary General Shareholders&#8217; Meeting on April 19, 2023, shares granted to board members shall have a vesting period of 2 years, beginning with their term of office, and an additional lockup period of 2 years after the transfer of the shares.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;"><br></font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Since 2022, the long-term incentive agreements include the </font><font style="font-family: Aptos; font-style: italic; line-height: inherit;">malus</font><font style="font-family: Aptos; line-height: inherit;"> clause, which provides for the retention of the unvested shares upon verification of fraud or material mis</font><font style="font-family: Aptos; line-height: inherit;">statements</font><font style="font-family: Aptos; line-height: inherit;"> in the financial statements that benefited the executive officer unlawfully. Also, the long-term incentive agreements involving board members, for the granting of these shares, must also contain the </font><font style="font-family: Aptos; line-height: inherit;">aforementioned clause</font><font style="font-family: Aptos; line-height: inherit;">.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;"><br></font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">As from the 2024 cycle, the Statutory Executive Officers will be subject to </font><font style="font-family: Aptos; line-height: inherit;">SOG</font><font style="font-family: Aptos; line-height: inherit;"> directive, which stipulates that executives maintain a minimum shareholding position while performing their duties in the Company, as per the criteria mentioned in item 8.1.c.i.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="line-height: inherit;">j.  </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; font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Criteria and events which, upon verification, will trigger suspension, modification or cancellation of the plan</font></font></div>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;"><br></font></font></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Under the new s</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based incentive plan approved at the Annual and Extraordinary General Shareholders&#8217; Meeting on April 19, 2023, beneficiaries may be granted, as a result of the s</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based incentive plan, common shares representing a maximum of 5% of the Company&#8217;s </font><font style="font-family: Aptos; line-height: inherit;">share </font><font style="font-family: Aptos; line-height: inherit;">capital on the date of approval of the plan by the Annual Shareholders&#8217; </font><font style="font-family: Aptos; line-height: inherit;">Meeting,&nbsp; corresponding</font><font style="font-family: Aptos; line-height: inherit;"> to 55,760,215 common shares. This amount may be adjusted for any stock dividends, splits or reverse splits. The overall volume established in the plan approved in 2017 has been utilized, therefore no new grants linked to it will be approved.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="line-height: inherit;">k.  </font> <font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">Effects of the withdrawal of a manager from the issuer&#8217;s bodies on their rights under the s</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">hare</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">-based compensation plan</font></font></div>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt !important;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;"><br></font></font></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Transfer of full ownership o</font><font style="font-family: Aptos; line-height: inherit;">ver</font><font style="font-family: Aptos; line-height: inherit;"> the shares is contingent on the non-interruption of relationship between the beneficiary and the Company or its subsidiaries for the duration of the period set forth in each agreement.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;"><br></font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">In the event of severance due to retirement, full ownership over restricted shares which have not yet been transferred, but which usufruct, if applicable, may have been established, shall be transferred to the executive, at a percentage proportional to the vesting period run until severance.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;"><br></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">The same proportional concept applies to the performance shares granted during the period from 2017 to 2023 to Statutory Executive Officers, </font><font style="font-family: Aptos; line-height: inherit;">as long as</font><font style="font-family: Aptos; line-height: inherit;"> the financial target has been attained. However, in this case, the shares will only be transferred at the end of the vesting period.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;"><br></font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">In the event of severance of the executive or dismissal of the board member due to reasons of an ethical nature, they will not be entitled to any shares.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;"><br></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">In the event of permanent disability or death of the beneficiary, all restricted and performance shares granted shall be transferred to the executive or their respective estate.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;"><br></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">For awards approved from 2021 onwards, in the event of corporate dissolution or reorganization resulting in a change in controlling equity stakes of the Company or the subsidiary to which the executive is related, vesting will be accelerated and ownership over all restricted and performance shares shall be transferred based on the achievement of the target of the referred executive.</font></p>







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<p style="font-size: 10pt; line-height: 1.2; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"><br></font></font></p>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">8.5. &#8211; S</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">hare</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">-based compensation in the form of stock options recognized in the last 3 fiscal years and estimated for the current fiscal year for the board of directors and statutory executive officers: </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Not applicable, Ultrapar has no outstanding stock options.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">8.6. - Grant of stock options in the last 3 fiscal years and estimated for the current fiscal year for the board of directors and statutory executive officers:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 8pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Not applicable, Ultrapar has no stock options.  </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 8pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">8.7. - Outstanding stock options for the board of directors and statutory executive officers at the end of the last fiscal year:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 8pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Not applicable, Ultrapar has no stock options. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 8pt; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">8.8. - Options exercised in connection with the s</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">hare</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">-based compensation of the board of directors and statutory executive officers in the last 3 fiscal years:</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Not applicable, Ultrapar has no stock options.  </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt 8pt; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">8.9. - S</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">hare</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">-based compensation, in the form of shares to be directly transferred to the beneficiaries, recognized in the last 3 fiscal years and estimated for the current fiscal year for the board of directors and statutory executive officers:</font></font></p>
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<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers</font></p>

















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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2025</font></p>

















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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2024</font></p>

















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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2023</font></p>

















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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2022</font></p>

















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<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total number of members</font></p>

















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<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.30</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6.25</font></p>

















</td>

















</tr>
<tr style="height: 19px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 149pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Number of compensated members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.00</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 149pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Potential dilution if all shares are granted to beneficiaries</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.310%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.404%</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.363%</font></p>

















</td>

















</tr>



































</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-indent: 0px;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 70px; width: 100%;" width="100%">

<tr style="height: 19px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 149pt; height: 19px; 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;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 19px; 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: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2025</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 19px; 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: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2024</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 19px; 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: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2023</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 19px; 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: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2022</font></p>

















</td>

















</tr>
<tr style="height: 19px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 149pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total number of members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9.30</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>

















</tr>
<tr style="height: 19px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 149pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Number of compensated members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">8.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>

















</tr>
<tr style="height: 13px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 149pt; height: 13px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Potential dilution if all shares are granted to beneficiaries</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 13px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 13px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 13px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 62pt; height: 13px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>

















</tr>



































</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>







</div>
<div style="line-height: 1.2;">
<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'>107</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;"><a href="#TOC"></a><br></div>










</div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><br></p>
<div style="line-height: 1.2;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">8.10. - Grant of shares in the last 3 fiscal years and estimated for the current&nbsp; fiscal year for the board of directors and statutory executive officers:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 8.35pt 0pt 6pt; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">At the Annual and Extraordinary General Shareholders&#8217; Meeting held on April 19, 2023, a new s</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based incentive plan was approved by the Ultrapar&#8217;s shareholders, which establishes the general terms and conditions for granting common shares issued by the Company and held in treasury which may or may not involve the grant of usufruct over any portion thereof for subsequent transfer of ownership for minimum periods of 2 years, to board members, officers or staff of the Company or of its subsidiaries.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 5.95pt 0pt 6pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The plan approved at the General Shareholders&#8217; Meeting of 2017 did not include grants to members of the Board of Directors and could or could not involve granting usufruct over any portion thereof for subsequent transfer of ownership, with periods of 3 to 10 years to officers or employees of the Company or its subsidiaries.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">As of 2023, with the approval of the new s</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based incentive plan, the members of the Company&#8217;s Board of Directors became eligible for the s</font><font style="font-family: Aptos; line-height: inherit;">hare</font><font style="font-family: Aptos; line-height: inherit;">-based incentive plan. Furthermore, Ultrapar has no active stock option plan.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The tables below summarize information on shares awarded and transferred to Statutory Executive Officers in the last three fiscal years, as well as estimated transfers during the current fiscal year:</font></p>
<table cellspacing="0" cellpadding="0" style="height: 112px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 22px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 30.7755%; border-image: initial; height: 22px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2022</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 22px; width: 24.2028%; 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; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" colspan="3">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Shares granted</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 30.7755%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Management Body</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 24.2028%; 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; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" colspan="3">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 30.7755%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Total number of members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 24.2028%; 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; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" colspan="3">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6.25</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 30.7755%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of compensated members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 7.84955%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 8.58545%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">4</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 7.76778%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1</font></p>

















</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 30.7755%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Grant date</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 7.84955%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">April 6, 2022</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 8.58545%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Sept 21, 2022</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 7.76778%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Dec 7, 2022</font></p>

















</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 30.7755%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of shares granted </font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 7.84955%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">259,886 </font><font style="font-family: Aptos; vertical-align: super; line-height: inherit;">1 2</font></font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 8.58545%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,800,000</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 7.76778%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,500,000</font></p>

















</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 30.7755%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Maximum term for granting the shares</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 7.84955%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Apr/25</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 8.58545%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Sep/32</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 7.76778%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Dec/32</font></p>

















</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 30.7755%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Term for restriction on the transfer of shares</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 7.84955%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 8.58545%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Sept/32</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 7.76778%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Dec/32</font></p>

















</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 30.7755%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Fair value of shares on the grant date (R$/share)</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 7.84955%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">14.16</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 8.58545%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">12.98</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 7.76778%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">13.47</font></p>

















</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 30.7755%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Multiplication of the number of shares granted by the fair value of the shares on the grant date (in thousands of Brazilian </font><font style="font-family: Aptos; font-style: italic; line-height: inherit;">Reais</font><font style="font-family: Aptos; line-height: inherit;">)</font></font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 7.84955%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">3,680.0</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 8.58545%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">23,364.0</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 7.76778%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">20,205.0</font></p>

















</td>












</tr>






























</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 117px; width: 100%;" width="100%">

<tr style="height: 12px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 276.2pt; border-image: initial; height: 12px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2023</font></p>

















</td>
<td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 191.35pt; border-image: initial; height: 12px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Shares granted</font></p>

















</td>

















</tr>
<tr style="height: 16px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 276.2pt; border-image: initial; height: 16px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Management Body</font></p>

















</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 120.45pt; border-image: initial; height: 16px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 16px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>

















</td>

















</tr>
<tr style="height: 16px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 276.2pt; border-image: initial; height: 16px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Total number of members</font></p>

















</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 120.45pt; border-image: initial; height: 16px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.30</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 16px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9.30</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 276.2pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of compensated members</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 63.75pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.00</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 56.7pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.00</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">8.00</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 276.2pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Grant/Transfer date</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 63.75pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Apr/23</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 56.7pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Sep/23</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Apr/23</font></p>

















</td>

















</tr>
<tr style="height: 13px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 276.2pt; border-image: initial; height: 13px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of shares granted</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 63.75pt; border-image: initial; height: 13px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">517.181 &#185; &#178;</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 56.7pt; border-image: initial; height: 13px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2,800,000</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 13px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">311,324</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 276.2pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Maximum term for granting the shares</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 63.75pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Apr/26</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 56.7pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Sep/33</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Apr/25</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 276.2pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Term for restriction on the transfer of shares</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 63.75pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 56.7pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Apr/27</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 276.2pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Fair value of shares on the grant date</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 63.75pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">14.50</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 56.7pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">18.75</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">14.50</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 276.2pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Multiplication of the number of shares granted by the fair value of the shares on the grant date</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 63.75pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">7,499,125</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 56.7pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">52,500,000</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">4,514,198</font></p>

















</td>

















</tr>



































</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; 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'>108</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;"><a href="#TOC"></a><br></div>










</div>
<div style="line-height: 1.2;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 1.2;;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: 112px; width: 100%;" width="100%">

<tr style="height: 22px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 169.85pt; border-image: initial; height: 22px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2024</font></p>

















</td>
<td colspan="4" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 297.7pt; height: 22px; 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; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Shares granted</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 169.85pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Management Body</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 219.75pt; height: 10px; 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; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 10px; 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; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 169.85pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Total number of members</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 219.75pt; height: 10px; 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; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 10px; 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; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 169.85pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of compensated members</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 219.75pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 169.85pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Grant/Transfer date</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Apr/24</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.85pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Oct/24</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Apr/24</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 169.85pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of shares granted</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">235.356&#185; &#178;</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.85pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">620,000</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2,500,000</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 169.85pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Maximum term for granting the shares</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Apr/27</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.85pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Oct/34</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Apr/29</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 169.85pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Term for restriction on the transfer of shares</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.85pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 169.85pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Fair value of shares on the grant date</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">26.94</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.85pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">23.10</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">26.94</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 169.85pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Multiplication of the number of shares granted by the fair value of the shares on the grant date</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6,340,491</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.85pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">14,322,000</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">67,350,000</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>

















</tr>



































</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 6.05pt 0pt 8pt; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">&#185; </font><font style="font-family: Aptos; line-height: inherit;">The</font><font style="font-family: Aptos; line-height: inherit;"> same number of shares may be transferred to the Statutory Executive Officers as performance shares, with transfer contingent on the attainment of the Company&#8217;s economic and financial targets over the vesting period. No usufruct rights may be granted in connection with such shares.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 5.9pt 0pt 8pt; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: Aptos; vertical-align: super; line-height: inherit;">2</font><font style="font-family: Aptos; line-height: inherit;"> The number of performance shares that may be awarded to the Statutory Executive Officers may vary between 0% to 150% of the restricted shares, the transfer being contingent upon the attainment </font><font style="font-family: Aptos; line-height: inherit;">of the Company&#8217;s economic and financial targets over the vesting period. No usufruct rights may be granted in connection with such shares.</font></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: 118px;" width="100%">

<tr style="height: 12px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 169.85pt; border-image: initial; height: 12px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2025</font></p>

















</td>
<td colspan="4" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 297.7pt; height: 12px; 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; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Shares to be granted</font></p>

















</td>

















</tr>
<tr style="height: 14px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 169.85pt; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Management Body</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 219.75pt; height: 14px; 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; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 14px; 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; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>

















</td>

















</tr>
<tr style="height: 22px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 169.85pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Total number of members</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 219.75pt; height: 22px; 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; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; height: 22px; 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; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 169.85pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of compensated members</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 219.75pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 169.85pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Grant/Transfer date</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Apr/25</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.85pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Oct/25</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Apr/25</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Apr/25</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 169.85pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of shares granted</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">349,088</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.85pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">500,000</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2,500,000</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">250,560</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 169.85pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Maximum term for granting the shares</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Apr/28</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.85pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Oct/35</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Apr/30</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Apr/27</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 169.85pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Term for restriction on the transfer of shares</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.85pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Apr/29</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 169.85pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Fair value of shares on the grant date</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.85pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 169.85pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Multiplication of the number of shares granted by the fair value of the shares on the grant date</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 78pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.85pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 77.95pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>

















</tr>



































</table>
<p style="font-size: 10pt; line-height: 1.2; 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'>109</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;"><a href="#TOC"></a><br></div>










</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"><br></font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">8.11. - Shares transferred in connection with the s</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">hare</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">-based compensation of the board of directors and statutory executive officers in the last 3 fiscal years:</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; 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: 19px;">
<td colspan="5" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.9232%; height: 19px;">
<p style="margin: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">A</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">ctual</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;"> 2024</font></font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.2821%; height: 10px;">
<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: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19.3698%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 17.3712%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15.1422%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Fiscal Council</font></font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.7579%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.2821%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total number of members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19.3698%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 17.3712%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15.1422%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.7579%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">20.00</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.2821%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Number of compensated members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19.3698%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 17.3712%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">4.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15.1422%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.7579%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">4.00</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.2821%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Number of shares</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19.3698%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 17.3712%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">273,060</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15.1422%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.7579%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">273,060</font></p>

















</td>

















</tr>
<tr style="height: 11px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.2821%; height: 11px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Weighted average acquisition price</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19.3698%; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 17.3712%; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">20.26</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15.1422%; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.7579%; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">20.26</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.2821%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Weighted average market price of the shares acquired</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19.3698%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 17.3712%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">28.59</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15.1422%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.7579%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">28.59</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 33.2821%; height: 10px;">
<p style="margin: 0pt; line-height: 1.1;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Multiplication of the total shares acquired by the difference between the weighted average acquisition price and the weighted average market price of the shares acquired (in Brazilian </font><font style="font-family: Aptos; font-style: italic; font-weight: bold; line-height: inherit;">Reais</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">)</font></font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19.3698%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 17.3712%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-2,273,880.43</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15.1422%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.7579%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-2,273,880.43</font></p>

















</td>

















</tr>



































</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 7.1pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; 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: 109px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td colspan="5" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.9231%; height: 10px;">
<p style="margin: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">A</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">ctual</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;"> 2023</font></font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.3589%; height: 10px;">
<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: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19.216%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 17.2944%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15.3728%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Fiscal Council</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.681%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.3589%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total number of members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19.216%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9.30</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 17.2944%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.30</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15.3728%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.681%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">20.60</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.3589%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Number of compensated members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19.216%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 17.2944%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">4.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15.3728%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.681%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">4.00</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.3589%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Number of shares</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19.216%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 17.2944%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">81,754.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15.3728%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.681%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">81,754</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.3589%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Weighted average acquisition price</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19.216%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 17.2944%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">22.08</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15.3728%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.681%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">22.08</font></p>

















</td>

















</tr>
<tr style="height: 11px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.3589%; height: 11px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Weighted average market price of the shares acquired</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19.216%; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 17.2944%; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">13.73</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15.3728%; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.681%; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">13.73</font></p>

















</td>

















</tr>
<tr style="height: 38px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 33.3589%; height: 38px;">
<p style="margin: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Multiplication of the total shares acquired by the difference between the weighted average acquisition price and the weighted average market price of the shares acquired (in Brazilian </font><font style="font-family: Aptos; font-style: italic; font-weight: bold; line-height: inherit;">Reais</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">)</font></font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19.216%; height: 38px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 17.2944%; height: 38px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">682,773.11</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15.3728%; height: 38px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.681%; height: 38px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">682,773.11</font></p>

















</td>

















</tr>



































</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; 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: 99.8368%; height: 150px;" width="100%">

<tr style="height: 19px;">
<td colspan="5" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.9185%; height: 19px;">
<p style="margin: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">A</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;">ctual</font><font style="font-family: Aptos; font-weight: bold; text-decoration: underline; line-height: inherit;"> 2022</font></font></p>

















</td>















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.4001%; height: 10px;">
<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: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19.4142%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 17.2338%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15.6668%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Fiscal Council</font></font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.2036%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total</font></p>

















</td>















</tr>
<tr style="height: 19px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.4001%; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total number of members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19.4142%; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">10.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 17.2338%; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6.25</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15.6668%; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.2036%; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">22.25</font></p>

















</td>















</tr>
<tr style="height: 19px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.4001%; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Number of compensated members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19.4142%; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 17.2338%; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">4.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15.6668%; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.2036%; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">4.00</font></p>

















</td>















</tr>
<tr style="height: 19px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.4001%; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Number of shares</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19.4142%; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 17.2338%; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">412,535</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15.6668%; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.2036%; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">412,535</font></p>

















</td>















</tr>
<tr style="height: 11px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.4001%; height: 11px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Weighted average acquisition price</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19.4142%; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 17.2338%; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">29.48</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15.6668%; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.2036%; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">29.48</font></p>

















</td>















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.4001%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Weighted average market price of the shares acquired</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19.4142%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 17.2338%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">14.51</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15.6668%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.2036%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">14.51</font></p>

















</td>















</tr>
<tr style="height: 43px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 33.4001%; height: 43px;">
<p style="margin: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Multiplication of the total shares acquired by the difference between the weighted average acquisition price and the weighted average market price of the shares acquired (in Brazilian </font><font style="font-family: Aptos; font-style: italic; font-weight: bold; line-height: inherit;">Reais</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">)</font></font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19.4142%; height: 43px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 17.2338%; height: 43px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6,175,648.95</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15.6668%; height: 43px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.2036%; height: 43px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6,175,648.95</font></p>

















</td>















</tr>

































</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>







</div>
<div style="line-height: 1.2;">
<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'>110</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;"><a href="#TOC"></a><br></div>










</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 1.2;;margin:0pt"><br></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">8.12. Summary description of the information required for understanding the data disclosed in items 8.5 to 8.11, and explanation of the method of pricing the shares and options, indicating at least:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">a. pricing model </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">b. data and assumptions used in the pricing model, including the weighted average price of shares, exercise price, estimated volatility, option term, estimated dividends and risk-free interest rate</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">c. method used and assumptions to incorporate the estimated effects of early exercise </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">d. form of determination of estimated volatility </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">e. if any other characteristic of the option has been incorporated into the measurement of its fair value</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">As reported, Ultrapar does not have a stock option plan. However, for a better understanding of the applicable items, we inform that the price assigned to the granted shares corresponds to the market price of the Company&#8217;s shares at the time of the grant. This price may be adjusted ex-post</font><font style="font-family: Aptos; line-height: inherit;">, as the case may be, to</font><font style="font-family: Aptos; line-height: inherit;"> reflect any extraordinary corporate events that change the number of shares held by each shareholder, such as stock splits, stock dividends and reverse splits.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Information related to the fiscal year of 2024 that can only be obtained in the future, such as the fair value of shares for grants on dates </font><font style="font-family: Aptos; line-height: inherit;">subsequent to</font><font style="font-family: Aptos; line-height: inherit;"> the filing of the Reference Form, </font><font style="font-family: Aptos; line-height: inherit;">were</font><font style="font-family: Aptos; line-height: inherit;"> indicated as non-applicable.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">8.13. - Number of shares, quotas and other securities convertible into shares or quotas issued in Brazil or abroad by the Company, its direct or indirect controlling shareholders, subsidiaries or companies under common control, held by members of the Board of Directors, Statutory Executive Officers or members of the </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Fiscal Council</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">, broken down by corporate body:</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">The table below shows the number of shares directly or indirectly held by the current members of the Board of Directors, the </font><font style="font-family: Aptos; line-height: inherit;">Fiscal Council</font><font style="font-family: Aptos; line-height: inherit;"> and the Statutory Executive Officers as of December </font><font style="font-family: Aptos; line-height: inherit;">31, 2024. Indirect interest accounts for </font><font style="font-family: Aptos; line-height: inherit;">a number of</font><font style="font-family: Aptos; line-height: inherit;"> Ultrapar shares proportional to the stake held by the members of these bodies in the share capital of Ultra S.A.</font></font></p>







</div>
<div style="line-height: 1.2;">
<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'>111</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;"><a href="#TOC"></a><br></div>










</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 220px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; 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="font-size: 10pt; line-height: 120%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center; 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="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total number of shares</font></p>

















</td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center; 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="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">%</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 60%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>

















</td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 30%; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">18,459,757</font></p>

















</td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; width: 10%; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">1.65%</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Direct ownership interest</font></p>

















</td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5,518,650</font></p>

















</td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.49%</font></p>

















</td>











</tr>
<tr style="height: 24px;">
<td style="vertical-align: middle; height: 24px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Indirect ownership interest</font></p>

















</td>
<td style="vertical-align: middle; height: 24px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">12,941,107</font></p>

















</td>
<td style="vertical-align: middle; height: 24px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1.16%</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Fiscal Council</font></p>

















</td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">69,649</font></p>

















</td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.01%</font></p>

















</td>











</tr>
<tr style="height: 24px;">
<td style="vertical-align: middle; height: 24px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Direct ownership interest</font></p>

















</td>
<td style="vertical-align: middle; height: 24px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">69,649</font></p>

















</td>
<td style="vertical-align: middle; height: 24px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.01%</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Indirect ownership interest</font></p>

















</td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>

















</td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00%</font></p>

















</td>











</tr>
<tr style="height: 24px;">
<td style="vertical-align: middle; height: 24px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>
<td style="vertical-align: middle; height: 24px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">5,492,691</font></p>

















</td>
<td style="vertical-align: middle; height: 24px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">0.49%</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Direct ownership interest&#185;</font></p>

















</td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5,492,691</font></p>

















</td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.49%</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Indirect ownership interest</font></p>

















</td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">-</font></p>

















</td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00%</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total</font></p>

















</td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">24,022,097</font></p>

















</td>
<td style="vertical-align: middle; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2.15%</font></p>

















</td>











</tr>
<tr style="height: 24px;">
<td style="vertical-align: middle; height: 24px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Shares representing the capital stock</font></p>

















</td>
<td style="vertical-align: middle; height: 24px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,115,439,503</font></p>

















</td>
<td style="vertical-align: middle; height: 24px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 120%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">100.0%</font></p>

















</td>











</tr>
<tr style="height: 20px;">
<td colspan="3" style="vertical-align: middle; height: 20px;">
<p style="font-size: 8pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&#185; Includes shares over which usufruct rights have been granted to Statutory Executive Officers</font></p>

















</td>











</tr>





























</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 7.1pt; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">The table does not contemplate changes in Ultrapar&#8217;s ownership interest or management body composition since December 31, 2024. The current members of the Board of Directors, the </font><font style="font-family: Aptos; line-height: inherit;">Fiscal Council an</font><font style="font-family: Aptos; line-height: inherit;">d the Statutory Executive </font><font style="font-family: Aptos; line-height: inherit;">Officers d</font><font style="font-family: Aptos; line-height: inherit;">o not hold equity interests in subsidiaries or companies under common control.</font></font></p>







</div>
<div style="line-height: 1.2;">
<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'>112</font></font></td>










</tr>





















</table>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">8.14. - Pension plans in force granted to the members of the Board of Directors and Statutory Executive Officers:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="height: 167px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; 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="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Management Body</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; 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="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Board of Directors</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; 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="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; width: 48%;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Total number of members <font style="font-size: 8pt;"><sup>1</sup></font></font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 12%;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9.00</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 40%;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.00</font></p>

















</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Number of compensated members <font style="font-size: 8pt;"><sup>2</sup></font></font></font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0.00</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.00</font></p>

















</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Name of the plan</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">ULTRAPREV &#8211; </font><font style="font-family: Aptos; font-style: italic; line-height: inherit;">Associa&#231;&#227;o de Previd&#234;ncia Complementar</font><font style="font-family: Aptos; line-height: inherit;"> Set </font><font style="font-family: Aptos; line-height: inherit;">Contribution</font> <font style="font-family: Aptos; line-height: inherit;">Plan</font></font></p>

















</td>










</tr>
<tr style="height: 14px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 14px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Number of managers meeting retirement requirements <font style="font-size: 8pt;"><sup>3</sup></font></font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 14px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 14px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1</font></p>

















</td>










</tr>
<tr style="height: 10px;">
<td rowspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 55px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Conditions for early retirement</font></p>

















</td>
<td rowspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 55px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">- 55 years of age</font></p>

















</td>










</tr>
<tr style="height: 10px;">
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">- Minimum 5 years&#8217; employment with the sponsor</font></p>

















</td>










</tr>
<tr style="height: 35px;">
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 35px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">- Minimum 5 years&#8217; plan membership</font></p>
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">- Termination of employment relationship with the sponsor</font></p>

















</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Adjusted </font><font style="font-family: Aptos; line-height: inherit;">amount</font><font style="font-family: Aptos; line-height: inherit;"> of accumulated contributions to the pension plan until the end of the last fiscal year, reduced by the portion related to contributions made directly by the managers <font style="font-size: 8pt;"><sup>4</sup></font></font><font style="font-family: Aptos; line-height: inherit;"> (in thousands of Brazilian</font><font style="font-family: Aptos; line-height: inherit;"> Reais</font><font style="font-family: Aptos; line-height: inherit;">)</font></font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9,125.7</font></p>

















</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Accumulated total amount of the contributions made during the last fiscal year, reduced by the portion related to contributions made directly by managers (in thousands of Brazilian</font><font style="font-family: Aptos; line-height: inherit;"> Reais</font><font style="font-family: Aptos; line-height: inherit;">)</font></font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,416.5</font></p>

















</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Possibility and conditions for early redemption</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">N/A</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The plan includes an option of redemption upon termination of employment, even if not all conditions for retirement are met</font></p>

















</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"></td>
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" colspan="2"><br></td>










</tr>
<tr style="height: 18px;">
<td colspan="4" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="font-size: 8pt; line-height: 1.2; margin: 0pt 0pt 8pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;"><font style="font-size: 8pt;"><sup>1</sup></font> Number of members determined as specified in the Circular Letter/CVM/SEP/2024.</font></p>
<p style="font-size: 8pt; line-height: 1.2; margin: 0pt 0pt 8pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;"><font style="font-size: 8pt;"><sup>2</sup></font> Only considers members under the</font> <font style="font-family: Aptos; line-height: inherit;">pension</font><font style="font-family: Aptos; line-height: inherit;"> plan, as specified in CVM/SEP&#8217;s Circular Letter of 2024.</font></font></p>
<p style="font-size: 8pt; line-height: 1.2; margin: 0pt 0pt 8pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;"><font style="font-size: 8pt;"><sup>3</sup></font> Managers who meet the conditions of age, period of employment and period of participation in the plan. The employment relationship must be terminated to apply for the retirement plan</font></font></p>
<p style="font-size: 8pt; line-height: 1.2; margin: 0pt 0pt 8pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;"><font style="font-size: 8pt;"><sup>4</sup></font> Total amount of contributions made by the sponsor since affiliation with the plan, plus return</font></font></p>








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

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>113</font></font></td>










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</div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 10pt 0pt; text-indent: 0pt; line-height: 1.2;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; text-indent: 0pt; line-height: 1.2;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">8.15. - Maximum, minimum and average compensation of the Board of Directors, Statutory Executive Officers and </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Fiscal Council</font></font><br><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Annual values</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;"><br></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">(in thousands of Brazilian</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> Reais</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">, except for number of members)</font></font></p>
<p style="font-size: 11pt; line-height: 1.2; margin: 0px; text-indent: 0px;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 95px;" width="100%">

<tr style="height: 16px;">
<td colspan="10" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Actual 2024</font></p>

















</td>











</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Fiscal Council</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total</font></p>

















</td>











</tr>
<tr style="height: 11px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px; width: 20%;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total number of members</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px; width: 20%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px; width: 20%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6.00</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px; width: 20%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.00</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px; width: 20%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">20.00</font></p>

















</td>











</tr>
<tr style="height: 12px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Number of compensated members</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">8.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">3.00</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.00</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">16.00</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Highest individual compensation</font></p>

















</td>
<td colspan="3" 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: 9pt; line-height: inherit;">2,444,280.00</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: 9pt; line-height: inherit;">360,000.00</font></p>

















</td>
<td colspan="3" 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: 9pt; line-height: inherit;">36,583,760.25</font></p>

















</td>
<td colspan="2" 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: 9pt; line-height: inherit;">39,388,040.25</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Lowest individual compensation</font></p>

















</td>
<td colspan="3" 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: 9pt; line-height: inherit;">973,280.00</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: 9pt; line-height: inherit;">240,000.00</font></p>

















</td>
<td colspan="3" 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: 9pt; line-height: inherit;">9,506,245.82</font></p>

















</td>
<td colspan="2" 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: 9pt; line-height: inherit;">10,719,525.82</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Average individual compensation</font></p>

















</td>
<td colspan="3" 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: 9pt; line-height: inherit;">1,187,155.00</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: 9pt; line-height: inherit;">289,661.06</font></p>

















</td>
<td colspan="3" 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: 9pt; line-height: inherit;">15,676,459.06</font></p>

















</td>
<td colspan="2" 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: 9pt; line-height: inherit;">17,153,275.12</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td colspan="10" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Note</font></p>
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">12/31/2024 The lowest compensation does not include members who did not remain in the position for 12 months.</font></p>

















</td>











</tr>





























</table>











<br>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 120px;" width="100%">

<tr style="height: 16px;">
<td colspan="5" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Actual&nbsp; 2023</font></p>

















</td>











</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<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: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Fiscal Council</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 20%;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total number of members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 20%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">9.30</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 20%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 20%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.30</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 20%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">20.60</font></p>

















</td>











</tr>
<tr style="height: 12px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Number of compensated members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">8.60</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">3.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">5.30</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">16.90</font></p>

















</td>











</tr>
<tr style="height: 14px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 14px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Highest individual compensation</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2,044,710.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">352,563.67</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">21,026,470.62</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">23,423,744.29</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Lowest individual compensation</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: 9pt; line-height: inherit;">979,860.00</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: 9pt; line-height: inherit;">352,563.67</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: 9pt; line-height: inherit;">8,686,550.66</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: 9pt; line-height: inherit;">10,018,974.33</font></p>

















</td>











</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Average individual compensation</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: 9pt; line-height: inherit;">1,143,980.23</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: 9pt; line-height: inherit;">276,141.22</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: 9pt; line-height: inherit;">11,868,329.98</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: 9pt; line-height: inherit;">13,288,451.44</font></p>

















</td>











</tr>
<tr style="height: 32px;">
<td colspan="5" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 32px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Note</font></p>
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">12/31/2023 The lowest compensation does not include members who did not remain in the position for 12 months.</font></p>

















</td>











</tr>





























</table>
<p style="line-height: 1.2;;margin:0pt"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 94px;" width="100%">

<tr style="height: 16px;">
<td style="padding: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;" colspan="2"><font style="color: #000000; font-family: Aptos; font-size: 12px; 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: underline; float: none; display: inline !important;">Actual&nbsp; 2022</font></td>
<td style="padding: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center; height: 16px;"><br></td>
<td style="padding: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center; height: 16px;" colspan="3"><br></td>
<td style="padding: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center; height: 16px;"><br></td>
<td style="padding: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; text-align: center; height: 16px;" colspan="2"><br></td>
<td style="vertical-align: top; height: 16px;"><br></td>











</tr>
<tr style="height: 10px;">
<td style="padding: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;" colspan="2"><br></td>
<td style="padding: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; text-align: center;"><font style="color: #000000; font-family: Aptos; font-size: 12px; 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;">Board of Directors</font></td>
<td style="padding: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; text-align: center;" colspan="3"><font style="color: #000000; font-family: Aptos; font-size: 12px; 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;">Fiscal Council</font></td>
<td style="padding: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; text-align: center;"><font style="color: #000000; font-family: Aptos; font-size: 12px; 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;">Statutory Executive Officers</font></td>
<td style="padding: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; text-align: center;" colspan="2"><font style="color: #000000; font-family: Aptos; font-size: 12px; 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;">Total</font></td>
<td style="vertical-align: top; height: 10px;"><br></td>











</tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; width: 20%;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Total number of members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; width: 20%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">10.00</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; width: 20%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; width: 20%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6.25</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; width: 20%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">22.25</font></p>

















</td>
<td style="vertical-align: top; height: 16px; width: 0%;"></td>











</tr>
<tr style="height: 14px;">
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 14px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Number of compensated members</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">10.00</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">3.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6.25</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 14px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">19.25</font></p>

















</td>
<td style="vertical-align: top; height: 14px;"></td>











</tr>
<tr style="height: 11px;">
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Highest individual compensation</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">2,100,000.00</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">336,518.87</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">17,700,487.60</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">20,137,006.47</font></p>

















</td>
<td style="vertical-align: top; height: 11px;"></td>











</tr>
<tr style="height: 16px;">
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Lowest individual compensation</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">630,000.00</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">229,955.00</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">6,317,379.74</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">7,177,334.74</font></p>

















</td>
<td style="vertical-align: top; height: 16px;"></td>











</tr>
<tr style="height: 11px;">
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Average individual compensation</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">1,026,783.38</font></p>

















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">265,466.01</font></p>

















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">8,911,922.53</font></p>

















</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">10,204,171.93</font></p>

















</td>
<td style="vertical-align: top; height: 11px;"></td>











</tr>





























</table>






</div>







</div>
<p style="margin:0pt"><br></p>
<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'>114</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;"><a href="#TOC"></a><br></div>










</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">8.16. - Describe agreements, insurance policies or other instruments that provide </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">for management compensation</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> or indemnification mechanisms in the event of removal from position or retirement, indicating what are the financial consequences for the issuer</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">In addition to contributions to the FGTS system, Ultrapar implemented in 2010 a planned retirement policy that has been replaced by the end-of-career policy reviewed by the People </font><font style="font-family: Aptos; line-height: inherit;">and Sustainability </font><font style="font-family: Aptos; line-height: inherit;">Committee in April 2018 and amended in August 2020. Its purpose is to prepare executives for severance and structure succession plans within the organization. Application of the policy is </font><font style="font-family: Aptos; line-height: inherit;">discretionary</font><font style="font-family: Aptos; line-height: inherit;"> and the amount of the resulting post-</font><font style="font-family: Aptos; line-height: inherit;">employment</font><font style="font-family: Aptos; line-height: inherit;"> benefits consists in potential additional compensation upon termination at the company&#8217;s initiative equivalent to 0.5 to 1.0 monthly salary per year of employment with the company, up to a ceiling of 9 monthly salaries. The condition precedent is a minimum of 5 years&#8217; engagement with the company and meeting the requirements for retirement via the INSS or Ultrapar&#8217;s supplementary pension scheme.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">The company has in place liability policies for directors and officers (D&amp;O) to indemnify the members of the Board of Directors, </font><font style="font-family: Aptos; line-height: inherit;">Fiscal Council</font><font style="font-family: Aptos; line-height: inherit;">, officers and executives of Ultrapar and its subsidiaries (&#8220;Insured Parties&#8221;) up to an upper limit of R$ 80 million.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">The insurance policy covers indemnity for damages to third parties or to the Company arising from action or omission associated with the Insured Parties&#8217; job performance, including any claims filed against them, even if the action, omission or claim arises from willful misconduct. Since 2018, the D&amp;O policy has also provided for reimbursement to Insured Parties of fines and penalties in civil and administrative proceeding bargains, except where in connection with willful misconduct of the Insured Parties.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">8.17. - Concerning the last 3 fiscal years and estimated for the current fiscal year, indicate the percentage of the overall compensation payable to each body recognized in the issuer&#8217;s results related to members of the Board of Directors or the </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Fiscal Council</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">, or Statutory Executive Officers who are related parties of the controlling shareholders, whether direct or indirect, according to accounting rules on the subject</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">Ultra S.A. is currently the main individual shareholder of the company, with approximately 25% of the shares issued by Ultrapar. Prior to Ultrapar&#8217;s migration to the New Market corporate governance segment, in 2011, Ultra S.A. was the Company&#8217;s controlling shareholder and, as such, executed the agreement for B3&#8217;s New Market Listing on August 16, 2011, for the purposes of compliance with the New Market rules then in force.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">The percentages of the </font><font style="font-family: Aptos; line-height: inherit;">compensation</font><font style="font-family: Aptos; line-height: inherit;"> for members of the Board of Directors, Statutory Executive Officers, and </font><font style="font-family: Aptos; line-height: inherit;">Fiscal Council</font><font style="font-family: Aptos; line-height: inherit;"> regarding related parties of Ultra S.A. are show</font><font style="font-family: Aptos; line-height: inherit;">n</font><font style="font-family: Aptos; line-height: inherit;"> at the table below:</font></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 1.7pt; font-family: 'times new roman'; font-size: 10pt; height: 86px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 103.75pt; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 10px;">
<p style="font-size: 10pt; line-height: 120%; margin: 0pt 0pt 4pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Year</font></p>

















</td>
<td style="background-color: #d9d9d9; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 104.95pt; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 10px;">
<p style="font-size: 10pt; line-height: 120%; margin: 0pt 0pt 4pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>

















</td>
<td style="background-color: #d9d9d9; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 104.55pt; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 10px;">
<p style="font-size: 10pt; line-height: 120%; margin: 0pt 0pt 4pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers</font></p>

















</td>
<td style="background-color: #d9d9d9; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 104.35pt; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 10px;">
<p style="font-size: 10pt; line-height: 120%; margin: 0pt 0pt 4pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">Fiscal Council</font></p>

















</td>

















</tr>
<tr style="height: 22px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 103.75pt; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 22px;">
<p style="font-size: 10pt; line-height: 120%; margin: 2pt 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2025 (projection)</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 104.95pt; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 22px;">
<p style="font-size: 10pt; line-height: 120%; margin: 2pt 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">24%</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 104.55pt; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 22px;">
<p style="font-size: 10pt; line-height: 120%; margin: 2pt 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">45%</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 104.35pt; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 22px;">
<p style="font-size: 10pt; line-height: 120%; margin: 2pt 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>

















</tr>
<tr style="height: 22px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 103.75pt; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 22px;">
<p style="font-size: 10pt; line-height: 120%; margin: 2pt 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2024</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 104.95pt; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 22px;">
<p style="font-size: 10pt; line-height: 120%; margin: 2pt 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">10%</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 104.55pt; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 22px;">
<p style="font-size: 10pt; line-height: 120%; margin: 2pt 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">47%</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 104.35pt; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 22px;">
<p style="font-size: 10pt; line-height: 120%; margin: 2pt 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>

















</tr>
<tr style="height: 22px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 103.75pt; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 22px;">
<p style="font-size: 10pt; line-height: 120%; margin: 2pt 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2023</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 104.95pt; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 22px;">
<p style="font-size: 10pt; line-height: 120%; margin: 2pt 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">7%</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 104.55pt; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 22px;">
<p style="font-size: 10pt; line-height: 120%; margin: 2pt 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">33%</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 104.35pt; border-image: initial; border-width: 1px; border-style: solid; border-color: #000000 !important; height: 22px;">
<p style="font-size: 10pt; line-height: 120%; margin: 2pt 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 103.75pt; border-image: initial; border-width: 1px; border-style: solid; height: 10px; border-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 120%; margin: 2pt 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;">2022</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 104.95pt; border-image: initial; border-width: 1px; border-style: solid; height: 10px; border-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 120%; margin: 2pt 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">35%</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 104.55pt; border-image: initial; border-width: 1px; border-style: solid; height: 10px; border-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 120%; margin: 2pt 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">32%</font></p>

















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 104.35pt; border-image: initial; border-width: 1px; border-style: solid; height: 10px; border-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 120%; margin: 2pt 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">0%</font></p>

















</td>

















</tr>



































</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt 7.1pt; text-align: justify;"><font style="font-family: Aptos; font-size: 9pt; line-height: inherit;">&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'>115</font></font></td>










</tr>





















</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
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</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">8.18. - Concerning the last 3 fiscal years and estimated for the current fiscal year, indicate the amounts recognized in the issuer&#8217;s results as compensation of members of the Board of Directors and </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Fiscal Council </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">or Statutory Executive Officers, grouped by corporate body, for any reason other than the respective positions held by such members, such as commissions and consulting or advisory services provided</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">Members of the Board of Directors, the </font><font style="font-family: Aptos; line-height: inherit;">Fiscal Council</font><font style="font-family: Aptos; line-height: inherit;"> and Statutory Executive Officers earned no compensation other than that associated with the positions held in the Company or its subsidiaries.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">It should be noted that, if any Statutory Executive Officer of the Company also holds a position on the Board of Directors, he/she will be</font><font style="font-family: Aptos; line-height: inherit;"> compensated</font><font style="font-family: Aptos; line-height: inherit;"> exclusively for his position as an Executive Officer. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">8.19. - Concerning the last 3 fiscal years and estimated for the current fiscal year, indicate the amounts recognized in the results of the issuer&#8217;s direct or indirect controlling shareholders, companies under common control and subsidiaries of the issuer, as compensation to the members of the Board of Directors and </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Fiscal Council</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> or Statutory Executive Officers, grouped by corporate body, specifying how these amounts were allocated to such individuals</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">The entire compensation of the&nbsp;</font><font style="font-family: Aptos; line-height: inherit;">Fiscal Council </font><font style="font-family: Aptos; line-height: inherit;">is paid exclusively by the Company directly. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;">For the Statutory Executive Officers, part of the compensation is directly recognized by the Company, and the remaining part is </font><font style="font-family: Aptos; line-height: inherit;">borne</font><font style="font-family: Aptos; line-height: inherit;"> by its subsidiaries. The table below lists the amounts recognized in the issuer's and its subsidiaries' results.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-family: Aptos; line-height: inherit;"><font>The board members will participate in the Board of Directors of the Company&#8217;s subsidiaries with additional compensation paid by the subsidiaries accordingly to internal guidelines.&nbsp;</font></font></font></p>
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<tr style="height: 25px;">
<td colspan="12" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 25px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers - 2022</font></p>

















</td>
<td style="vertical-align: top; height: 25px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"></td>




</tr>
<tr style="height: 0px;">
<td rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 47.2188px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; width: 23%; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">(In thousands of</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> Reais</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">)</font></font></p>

















</td>
<td colspan="2" rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 47.2188px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Ultrapar </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Participa&#231;&#245;es</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>

















</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 47.2188px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; width: 11%; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Companhia Ultragaz S.A.</font></p>

















</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 47.2188px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; width: 11%; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>

















</td>
<td colspan="2" rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 47.2188px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Empresa Carioca de Produtos Qu&#237;micos S.A.</font></p>

















</td>
<td colspan="2" rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 47.2188px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio</font></p>

















</td>
<td colspan="2" rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 47.2188px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Ultracargo </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Log&#237;stica</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>

















</td>
<td colspan="2" rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 47.2188px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Total</font></p>

















</td>




</tr>
<tr></tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Annual fixed compensation </font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">9,593.1</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">1,869.7</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">2,034.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">183.4</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">228.1</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">1,843.6</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">15,752.0</font></p>

















</td>




</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Salary / fees</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">7,333.3</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">1,404.5</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">1,560.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">143.6</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">167.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">1,400.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">12,008.4</font></p>

















</td>




</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Direct and indirect benefits</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">753.1</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">159.2</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">115.1</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">3.9</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">19.4</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">125.3</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">1,176.0</font></p>

















</td>




</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Others</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">1,506.7</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">306.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">358.9</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">35.9</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">41.7</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">318.3</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">2,567.6</font></p>

















</td>




</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Variable compensation</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">18,506.4</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">2,267.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">2,349.7</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">200.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">232.6</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">2,200.6</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">25,756.4</font></p>

















</td>




</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Profit sharing</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">18,506.4</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">2,267.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">2,349.7</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">200.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">232.6</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">2,200.6</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">25,756.4</font></p>

















</td>




</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Others</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>




</tr>
<tr style="height: 12px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Post-</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">employment</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> benefit</font></font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">785.4</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">157.5</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">186.1</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">42.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">160.8</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">1,331.7</font></p>

















</td>




</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Benefits due to the interruption in the exercise of the position</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>




</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">S</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">hare</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">-based compensation</font></font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">6,010.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">2,190.5</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">1,747.6</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">716.7</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">2,194.7</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">12,859.5</font></p>

















</td>




</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Total compensation</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">34,894.9</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">6,484.6</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">6,317.4</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">383.4</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">1,219.5</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">6,399.7</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">55,699.5</font></p>

















</td>




</tr>
<tr style="height: 15px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px;"><br></td>
<td><br></td>
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<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'>116</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;"><a href="#TOC"></a><br></div>










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<div style="width: 8.5in; margin: 0 auto;"><br>
<table cellspacing="0" cellpadding="0" style="height: 0px; border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100.082%;" width="100.082%">

<tr style="height: 37px;">
<td colspan="13" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 37px; 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-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers - 2023</font></p>

















</td>




</tr>
<tr style="height: 10px;">
<td colspan="2" rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 42.7656px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; width: 45%; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">(In thousands of Reais)</font></p>

















</td>
<td colspan="2" rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 42.7656px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; width: 11%; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Ultrapar </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Participa&#231;&#245;es</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>

















</td>
<td colspan="2" rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 42.7656px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; width: 11%; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Companhia Ultragaz S.A.</font></p>

















</td>
<td colspan="2" rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 42.7656px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; width: 11%; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>

















</td>
<td colspan="2" rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 42.7656px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; width: 11%; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Ultracargo </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Log&#237;stica</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>

















</td>
<td colspan="3" rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 42.7656px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; width: 11%; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Total</font></p>

















</td>




</tr>
<tr></tr>
<tr style="height: 10px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Annual fixed compensation </font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; 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-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">8,650.4</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; 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-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">2,142.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; 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-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">2,624.9</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; 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-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">2,047.3</font></p>

















</td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; 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-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">15,464.6</font></p>

















</td>




</tr>
<tr style="height: 10px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Salary / fees</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">6,470.7</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">1,630.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">2,000.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">1,520.0</font></p>

















</td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">11,620.7</font></p>

















</td>




</tr>
<tr style="height: 10px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Direct and indirect benefits</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">723.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">159.7</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">187.4</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">184.0</font></p>

















</td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">1,254.2</font></p>

















</td>




</tr>
<tr style="height: 10px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Others</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">1,456.7</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">352.2</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">437.5</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">343.3</font></p>

















</td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">2,589.7</font></p>

















</td>




</tr>
<tr style="height: 10px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Variable compensation</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">12,670.2</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">2,632.5</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">3,112.2</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">2,457.0</font></p>

















</td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">20,871.9</font></p>

















</td>




</tr>
<tr style="height: 10px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Profit sharing</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">12,670.2</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">2,632.5</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">3,112.2</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">2,457.0</font></p>

















</td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">20,871.9</font></p>

















</td>




</tr>
<tr style="height: 10px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Others</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>




</tr>
<tr style="height: 10px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Post-</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">employment </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">benefit</font></font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">721.4</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">186.2</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">223.6</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">175.2</font></p>

















</td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">1,306.4</font></p>

















</td>




</tr>
<tr style="height: 10px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Benefits due to the interruption in the exercise of the position</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">1,007.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">1,007.0</font></p>

















</td>




</tr>
<tr style="height: 10px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">S</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">hare</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">-based compensation</font></font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">12,573.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">4,148.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">3,557.3</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">4,007.0</font></p>

















</td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">24,285.2</font></p>

















</td>




</tr>
<tr style="height: 10px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Total compensation</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">35,622.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">9,108.6</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">9,518.0</font></p>

















</td>
<td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">8,686.6</font></p>

















</td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">62,935.1</font></p>

















</td>




</tr>






















</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-indent: 0px;"><br></p>
<table cellspacing="0" cellpadding="0" style="height: 0px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 37px;">
<td colspan="6" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers - 2024</font></p>

















</td>

















</tr>
<tr style="height: 0px;">
<td rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17.7188px; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 45%;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">(In thousands of Reais)</font></p>

















</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17.7188px; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 11%;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A.</font></p>

















</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17.7188px; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 11%;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Companhia Ultragaz S.A.</font></p>

















</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17.7188px; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 11%;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>

















</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17.7188px; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 11%;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Ultracargo </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Log&#237;stica</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>

















</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17.7188px; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 11%;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Total</font></p>

















</td>

















</tr>
<tr style="height: 17.7188px;"></tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; border-top-width: 1px; border-top-style: solid; height: 10px; margin: 0px; text-indent: 0px; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Annual fixed compensation </font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 10px; margin: 0px; text-indent: 0px; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">8,</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">465.2</font></font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 10px; margin: 0px; text-indent: 0px; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">2,</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">481.5</font></font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 10px; margin: 0px; text-indent: 0px; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">3,</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">021.4</font></font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 10px; margin: 0px; text-indent: 0px; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">2,</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">308</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">.4</font></font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 10px; margin: 0px; text-indent: 0px; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">16,276.5</font></p>

















</td>

















</tr>
<tr style="height: 11px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 11px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Salary / fees</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">6,585.3</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">1,850.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">2,240.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">1,720.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">12,395.3</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Direct and indirect benefits</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">429.2</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">232.6</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">300.3</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">181.8</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">1,</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">143.8</font></font></p>

















</td>

















</tr>
<tr style="height: 13px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 13px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Others</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">1,450.7</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">398.9</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">481.1</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">406.7</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">2,</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">737.3</font></font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Variable compensation</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">8,</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">872</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">.0</font></font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">2,</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">025.8</font></font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">2,600.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">2,</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">650.8</font></font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">16,148.6</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Profit sharing</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">8,872.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">2,025.8</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">2,600.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">2,650.8</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">16,148.6</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Others</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Post-</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">employment </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">benefit</font></font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">752.7</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">212.5</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">252.1</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">199.3</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">1,416.6</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Benefits due to the interruption in the exercise of the position</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">S</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">hare</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">-based compensation</font></font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">30,202.9</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">4,910.9</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">5,079.1</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">4,347.8</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">44,540.6</font></p>

















</td>

















</tr>
<tr style="height: 25px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 25px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Total compensation</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 25px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">48,292.8</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 25px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">9,630.7</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 25px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">10,952.6</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 25px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">9,506.2</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 25px; margin: 0px; text-indent: 0px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">78,382.3</font></p>

















</td>

















</tr>



































</table>
<p style="font-size: 10pt; line-height: 1.2; 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'>117</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;"><a href="#TOC"></a><br></div>










</div>
<div style="width: 8.5in; margin: 0 auto;">
<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: 218.708px; width: 100%;" width="100%">

<tr style="height: 37px;">
<td colspan="6" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; height: 37px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers - 2025</font></p>

















</td>

















</tr>
<tr style="height: 0px;">
<td rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; height: 22.7083px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 45%;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">(In thousands of Reais)</font></p>

















</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; height: 22.7083px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 11%;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A.</font></p>

















</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; height: 22.7083px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 11%;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Companhia Ultragaz S.A.</font></p>

















</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; height: 22.7083px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 11%;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>

















</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; height: 22.7083px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 11%;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Ultracargo </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Log&#237;stica</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>

















</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; height: 22.7083px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 11%;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Total</font></p>

















</td>

















</tr>
<tr style="height: 22.7083px;"></tr>
<tr style="height: 15px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; height: 15px; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Annual fixed compensation </font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; height: 15px; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">10,510.7</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; height: 15px; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">979.5</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; height: 15px; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">1,111.8</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; height: 15px; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">857.6</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; height: 15px; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">13,459.7</font></p>

















</td>

















</tr>
<tr style="height: 15px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Salary / fees</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">7,412.4</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">714.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">840.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">672.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">9,638.4</font></p>

















</td>

















</tr>
<tr style="height: 15px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Direct and indirect benefits</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">1,658.4</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">126.8</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">108.6</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">55.1</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">1,948.9</font></p>

















</td>

















</tr>
<tr style="height: 15px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Others</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">1,439.9</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">138.7</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">163.2</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">130.6</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">1,872.4</font></p>

















</td>

















</tr>
<tr style="height: 15px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Variable compensation</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">10,672.6</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">650.7</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">910.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">1,527.1</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">13,760.3</font></p>

















</td>

















</tr>
<tr style="height: 15px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Profit sharing</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">10,672.6</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">650.7</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">910.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">1,527.1</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">13,760.3</font></p>

















</td>

















</tr>
<tr style="height: 15px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Others</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Post-</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">employment</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> benefit</font></font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">775.4</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">76.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">89.8</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">71.4</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">1,</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">012.5</font></font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Benefits due to the interruption in the exercise of the position</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">2,500.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">2,500.0</font></p>

















</td>

















</tr>
<tr style="height: 18px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">S</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">hare</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">-based compensation</font></font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">61,363.2</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">2,126.8</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">3,387.5</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">1,800.9</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 18px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">68,678.4</font></p>

















</td>

















</tr>
<tr style="height: 16px;">
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Total compensation</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 16px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">85,821.9</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 16px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">3,833.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 16px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">5,499.1</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 16px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">4,257.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 16px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">99,411.0</font></p>

















</td>

















</tr>



































</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-indent: 0px;"><br></p>
<table cellspacing="0" cellpadding="0" style="height: 0px; border-collapse: collapse; margin: 0pt 7.05pt 0pt 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; float: left;" width="100%">

<tr style="height: 15px;">
<td colspan="6" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; height: 15px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Board of Directors - 2025</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 45%;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">(In thousands of </font><font style="font-family: Aptos; font-style: italic; font-weight: bold; line-height: inherit;">Reais</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">)</font></font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 11%;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A.</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 11%;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Companhia Ultragaz S.A.</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 11%;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 11%;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Ultracargo </font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Log&#237;stica</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> S.A.</font></font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 11%;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Total</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; height: 10px; border-top-color: #000000 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Annual fixed compensation</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 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="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">7,550.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 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="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">960.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 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="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">960.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 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="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">960.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 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="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">10,430.0</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Salary or fees</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">5,004.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">5,004.0</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Participation in committee</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">2,546.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">960.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">960.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">960.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">5,426.0</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Direct and indirect benefits</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Others</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Variable compensation</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Profit sharing</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">Others</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; line-height: inherit;">0.0</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">Post-</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">employment</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;"> benefit</font></font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>

















</tr>
<tr style="height: 13px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Benefits due to the interruption in the exercise of the position</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 13px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 13px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 13px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 13px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 13px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 7pt;"><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">S</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">hare</font><font style="font-family: Aptos; font-weight: bold; line-height: inherit;">-based compensation</font></font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">3,629.7</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">0.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">3,629.7</font></p>

















</td>

















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">Total compensation</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">11,179.7</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">960.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">960.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">960.0</font></p>

















</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: Aptos; font-size: 7pt; font-weight: bold; line-height: inherit;">14,058.7</font></p>

















</td>

















</tr>



































</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; break-inside: avoid; text-align: center;"><br></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; break-inside: avoid; text-align: center;"><br></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;"><br></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;"><br></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;"><br></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;"><br></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;"><br></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; break-inside: avoid; text-align: center;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; line-height: inherit;"><br></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; break-after: avoid; break-inside: avoid; text-align: center;"><br></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; 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'>118</font></font></td>










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<div class="pageBreak" style="page-break-before: always;"><font style="font-family: Aptos; font-size: 9pt; font-weight: bold; text-indent: 0pt; background-color: #ffffff;">&nbsp;</font><a href="#TOC"></a></div>









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</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"><img src="img1f1268e2ea6f41229497.jpg" alt="Graphics"></font></p>
<div style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="Bexvii_112202573452834" class="customBookmark"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">EXHIBIT </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">VII </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&#8211; PROPOSAL </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">TO</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> INCREASE ULTRAPAR&#8217;S CAPITAL </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">STOCK</font></a></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">ANNEX C </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">(</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">for the purposes of </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">CVM RESOLUTION 81/22</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">)</font></p>
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</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">1. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Inform the </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">amount </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">of the </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">increase </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">and of the new capital</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> stock</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Increase of the subscribed and paid</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">-</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">in capital stock </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">in </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">the amount of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">R$ 1</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">365</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">348</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">231</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">82 </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">one billion, three hundred and sixty-five million, three hundred and forty-eight thousand, two hundred and thirty-one </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> and eighty-two </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">cents of </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">Real</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">), from </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">R$ 6</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">621</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">751</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">608</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">08 </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> (</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">six billion, six hundred and twenty-one million, seven hundred and fifty-one thousand, six hundred and eight </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> and eight cents</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> of </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">Real</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">) to </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">R</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">$ 7</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">987</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">099</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">839</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">90 </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">seven billion, nine hundred and eighty-seven million, ninety-nine thousand, eight hundred and thirty-nine </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> and ninety cents</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> of </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">).</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">2. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Inform</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> whether</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> the increase method</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> will be carried out through</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">: (a) conversion of debentures or other debt securities in</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">to</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> shares; (b) exercise of subscription </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">rights </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">or subscription bonus; (c) capitalization of earnings or </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">reserves; or (d) subscription of new shares</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The increase of the capital stock will occur upon the incorporation </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">into</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> the capital stock </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">part</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">resources </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">registered in the</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> statutory</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> reserve</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> for investments</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, in the amount of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">R$ 1</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">365</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">348</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">231</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">82 </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">(</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">one billion, three hundred and sixty-five million, three hundred and forty-eight thousand, two hundred and thirty-one </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> and eighty-two cents</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> of </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">Reais</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">)</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">without the issuance of new shares, pursuant to </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">paragraph 1, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">article 169 of the Brazilian Corporate Law, considering </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">that the balance of profit reserves exceeded the value of the Company's capital stock with the allocation of net income for the year ended in 202</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">4</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">3. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Explain, in detail, the reasons for the capital increase and </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">its </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">legal and economic effects</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Pursuant to article 1</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">9</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">9</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Brazilian Corporate Law, t</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">he referred capitalization of the totality of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">resources </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">registered in the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">statutory reserve</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> for investments</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">is justified </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">due to the verification that </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">the balance of profit reserves exceeded the value of the Company's capital stock.</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Thus, the management proposes the capitalization of part of the statutory reserve </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">for investments</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The capitalization proposed herein will not cause any change in the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">value</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> of the Company&#8217;s equity, and, therefore, will bring </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">neither </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">financial or economic consequences</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">nor</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> legal consequences.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">4. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Provide a copy of the opinion issued by the Fiscal Council, if applicable </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Transcription of the opinion of the Fiscal Council, issued at the meeting held on </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">February </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">26</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">202</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">5</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">: </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">&#8220;The Fiscal Council of Ultrapar Participa&#231;&#245;es S.A. (&#8220;Company&#8221; or &#8220;Ultrapar&#8221;), </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">exercising</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;"> the </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">attribution conferred upon</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;"> it by item I</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">I</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">I of article 163 of </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">Law No. 6,404/76</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">, </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">has </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">examined the proposal, submitted by the Company&#180;s&nbsp;Execuive&nbsp;</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">Board, </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">to</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;"> increase the </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">share </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">capita</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">l</font> <font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">in the total amount of </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">R$ 1,365,348,231.82 (one billion, three hundred and sixty-five million, three hundred and forty-eight thousand, two hundred and thirty-one Reais and eighty-two cents of Reais)</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">, without the issuance of new shares,</font> <font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">through the incorporation into the capital stock of part of the funds registered in the statutory reserve for investments, considering that the balance of the profit reserves exceeded the Company's capital stock. Such proposal, with the consequent proposal to amend the Company's </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">B</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">ylaws, will be submitted for consideration by the shareholders at an Extraordinary General Meeting</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">The </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">members od the Fiscal Council</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">, having verified that the </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">matter complies </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">with the </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">applicable </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">legal, regulatory and statutory provisions, within the limits of their </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">powers </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">established by Law </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">No.</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;"> 6</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">,</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">404/76, </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">gi</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">ve a</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;"> favorable</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;"> opinion </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">to its submission to the </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">E</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">xtraordinary </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">G</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">eneral </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">M</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">eeting to be </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">held </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">together with the </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">Company&#8217;s Annual G</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">eneral </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">M</font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">eeting.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&#8221;</font></p>



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<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">5. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">In the event of capital increase upon subscription of shares </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">a. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Describe the </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">allocation</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> of resources</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp; </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">b. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Inform</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> the number of shares issued of each type and class</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">c. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Describe the rights, benefits and restrictions </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">assigned </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">to the shares to be issued</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">d. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Inform whether the subscription will be public or private</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">e. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">In the case of </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">a </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">private subscription, inform whether related parties, as defined by the accounting rules that deal with this matter, will subscribe shares in the capital increase, specifying the respective amounts, when these amounts are already known</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">f. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Inform</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> the</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> issue price of the new shares or the reasons why its determination should be delegated to the board of directors, in cases of </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">a </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">public distribution</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">g. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Inform</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> the </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">per</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> value of the shares issued or, in the case of shares without </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">per</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> value, the portion of the issue price that will be allocated to the capital reserve</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">h. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Provide the directors' opinion on the effects of the capital increase, particularly </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">regarding </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> the dilution caused by the increase</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">i. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Inform the criteria for calculating the issue price and justify, in detail, the economic aspects that determined </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">its</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> choice, in accordance with art. 170 of Law No. 6,404 of 1976</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">j. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">If the issue price was set at a </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">gain</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> or discount in relation to the market value, identify the reason for the </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">gain</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> or discount and explain how it was determined</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">k. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Provide copies of all reports and studies that supported the setting of the issue price</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable.</font></p>



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<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">l. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Inform</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> the price of each of the company's share types and classes in the markets in which they are traded, identifying</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">: </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">i. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Minimum, average and maximum price for each year, in the last 3 (three) years</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">ii. Minimum, average and maximum price for each quarter, in the last 2 (two) years</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">iii. Minimum, average and maximum price for each month, in the last 6 (six) months</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">iv. Average price for the last 90 days</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">m. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Inform the </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">shares </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">issue prices in capital increases carried out in the last 3 (three) years</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">n. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Provide</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> the percentage of potential dilution resulting from the emission</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">o. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Inform the deadlines, conditions and form of subscription and payment of the</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> issued</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> shares </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">p. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Inform if shareholders will have preemptive rights to </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">subscribe to</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> t</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">he</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> new shares issued and detail the terms and conditions to which this right is subject</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">q. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Inform the management proposal for the treatment of any </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">unsubscribed </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">shares</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">r. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Describe in detail the procedures that will be adopted</font> <font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">if there is provision for partial approval of the capital increase</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">s. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">If the issue price of the shares is, in whole or in part, </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">realized in assets</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">i. Provide a complete description of the </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">assets</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt 12pt 35.4pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">ii. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Clarify the relationship between the assets incorporated into the company's equity and its corporate purpose</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt 12pt 35.4pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt 12pt 35.4pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">iii. Provide a copy of the </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">goods</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> appraisal report, if available</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt 12pt 35.4pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable.</font></p>



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<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">6. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">In the event of capital increase upon capitalization of earnings or reserves</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">a. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Inform whether it will imply a change in the par value of the shares, if any, or distribution of new shares among shareholders</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The increase of the capital stock will not imply (i) change of the par value of the shares, given that the Company&#8217;s shares do not have par value or (ii) issuance of new shares.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">b. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Inform whether the capitalization of earnings or reserves </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">will </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">be performed with or without change in the number of shares, in the companies with shares without par value </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The increase of the capital stock will not imply changes of number of shares issued by the Company, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">considering</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> that there will not be </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">an </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">issuance of new shares, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">as </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">allowed </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">by article 169 of the Brazilian Corporate Law.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">c. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">In the event of distribution of new shares</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">i. Report the number of shares issued of each type and class</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify; text-indent: 35.4pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify; text-indent: 35.4pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">ii. Inform the percentage that shareholders will receive in shares</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify; text-indent: 35.4pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify; text-indent: 35.4pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">iii. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Describe the rights, benefits and restrictions attributed to the shares to be issued</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify; text-indent: 35.4pt;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt 12pt 35.4pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">iv. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Report the acquisition cost, in Reais per share, to be attributed so that shareholders can comply with art. 10 of Law 9,249, of December 26, 1995.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt 12pt 35.4pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt 12pt 35.4pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">v. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Inform the treatment of fractions, if applicable</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt 12pt 35.4pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">d. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Inform the </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">deadline</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> set forth in </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">paragraph</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> 3, article 169, of </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Law No. 6,404, of 1976</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">considering</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> that there will not be</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> an</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> issuance of new shares, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">as </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">allowed </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">by</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> article 169 of the Brazilian Corporate Law.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">e. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Inform and provide information and documents according to item 5 above, if applicable</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">considering</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> that there will not be </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">an </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">issuance of new shares</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;"> 7. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">In the event of capital increase upon conversion of debentures or other debt securities into shares or exercise of subscription bonus</font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">es</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">a. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Report the number of shares issued of each type and class</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">b. </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Describe the rights, benefits and restrictions attributed to the shares to be issued</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 12pt 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Not applicable.</font></p>



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<div style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Bpowatt_112202573416619" class="customBookmark"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">POWER OF ATTORNEY</font></a></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Through the intermediary of this private instrument, [</font><font style="background-color: #c0c0c0; font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">Shareholder</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">], [</font><font style="background-color: #c0c0c0; font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">nationality</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">], [</font><font style="background-color: #c0c0c0; font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">civil status</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">], [</font><font style="background-color: #c0c0c0; font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">occupation</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">], bearer of the identity document, number [</font><font style="background-color: #c0c0c0; font-family: Aptos; font-size: 10pt; line-height: inherit;">&#8226;</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">] [</font><font style="background-color: #c0c0c0; font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">issuing entity</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">], resident and domiciled at [</font><font style="background-color: #c0c0c0; font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">full address</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">] or [</font><font style="background-color: #c0c0c0; font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">legal entity duly incorporated in accordance with the laws of [&#8226;], with its head offices at [&#8226;], enrolled at the Taxpayer Register under number</font><font style="background-color: #c0c0c0; font-family: Aptos; font-size: 10pt; line-height: inherit;"> [&#8226;]</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">] (&#8220;Principal&#8221;), nominates and constitutes as [his/her/its] attorney-in-fact: </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">MARINA GUIMAR&#195;ES MOREIRA MASCARENHAS</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, Brazilian, married, lawyer, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">national identity card RG nr. </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">21.556.757-9</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, issued by </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">DETRAN/RJ</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, with </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">professional </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">identity card OAB/</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">RJ</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> nr. </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">161.971</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> and </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">enrolled at the Taxpayers Register CPF/M</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">F</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> under </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">nr</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">118.922.567-03</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">; </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">DENIZE SAMPAIO BICUDO</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, Brazilian, single, lawyer, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">national identity card RG nr. 32.308.230-0, issued by SSP/SP</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">with </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">professional </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">identity card OAB/SP nr. 239.515 and enrolled at the Taxpayers Register CPF</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">/M</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">F</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> under nr. 220.578.448-03;</font> <font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">PAULA LOUREIRO BAETA SANTOS</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, Brazilian, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">single</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, lawyer, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">national identity card RG nr. </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">25.696.193-9</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, issued by </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">DETRAN/RJ</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, with </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">professional </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">identity card OAB/</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">RJ</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> nr. </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">257.157</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> and </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">enrolled at the Taxpayers Register CPF/M</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">F</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> under nr. </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">146.692.447-01</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">;</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> and </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">JAQUELINE FARIAS GALV&#195;O</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, Brazilian, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">married</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, lawyer, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">national identity card RG nr. </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">54.658.210-2</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, issued by </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">SSP/SP</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">with </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">professional </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">identity card OAB/</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">SP</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> nr. </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">501.932</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> and enrolled at the Taxpayers Register CPF</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">/M</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">F</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> under nr. </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">479.242.238-86</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">;</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">with powers, acting individually and independently of the order of nomination, to represent the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Principal</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> as holder of [</font><font style="background-color: #c0c0c0; font-family: Aptos; font-size: 10pt; line-height: inherit;">&#8226;</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">] (</font><font style="background-color: #c0c0c0; font-family: Aptos; font-size: 10pt; line-height: inherit;">[</font><font style="background-color: #c0c0c0; font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">number of shares in words</font><font style="background-color: #c0c0c0; font-family: Aptos; font-size: 10pt; line-height: inherit;">]</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">) common shares issued by </font><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, a publicly</font> <font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">traded company registered in the corporate tax register (CNPJ</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">/M</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">F</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">) under n</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">r.</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> 33.256.439/0001-39, with corporate headquarters at Brigadeiro Lu&#237;s Ant&#244;nio avenue, nr. 1.343, 9</font><font style="font-family: Aptos; font-size: 6.67pt; vertical-align: super; line-height: inherit;">th</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> floor, in the City and State of S&#227;o Paulo (&#8220;Company&#8221;), in the Annual and </font><font style="background-color: #c0c0c0; font-family: Aptos; font-size: 10pt; line-height: inherit;">Extraordinary</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> General Shareholders&#8217; Meeting to be held at </font><font style="background-color: #c0c0c0; font-family: Aptos; font-size: 10pt; line-height: inherit;">2:00 p.m</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">. (Brazil time), on April</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> 1</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">6</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">th</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, 202</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">5</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> (&#8220;Meeting&#8221;)</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">exclusively in digital form</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, for the specific purpose of </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">representing the Principal at the Meeting and </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">voting in strict conformity with the following guidance:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">In Annual General Shareholders&#8217; Meeting:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 14.2pt; text-indent: -14.2pt;"><font style="font-family: Aptos; font-size: 10pt; font-style: normal; font-weight: bold; line-height: inherit;">1)</font><font style="font-style: normal; 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; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Analysis and approval of the report and accounts of the Management, as well as the financial statements for the fiscal year ended on December 31</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">st</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, 202</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">4</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, together with the report from the Independent Auditors and the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">opinion</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> from the Fiscal Council.</font></p>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; Mark with an X in the box of your choice above.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 14.2pt; text-indent: -14.2pt;"><font style="font-family: Aptos; font-size: 10pt; font-style: normal; font-weight: bold; line-height: inherit;">2)</font><font style="font-style: normal; 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; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Allocation of net income for the fiscal year ended on December 31</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">st</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, 202</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">4</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; Mark with an X in the box of your choice above.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 14.2pt; text-indent: -14.2pt;"><font style="font-family: Aptos; font-size: 10pt; font-style: normal; font-weight: bold; line-height: inherit;">3)</font><font style="font-style: normal; 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; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Establishment of the Management&#8217;s global compensation.</font></p>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-family: Aptos; font-size: 10pt; font-style: normal; font-weight: bold; line-height: inherit;">4)</font><font style="font-style: normal; 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; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">With respect to the election of the Board of Directors, exercise the vote to the slate of members proposed by the current Board of Directors as instructed in the table below and, if the election is carried out through a multiple voting process, distribute the votes attributed to the shares held by the Grantor proportionally among all members of the slate. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Independent </font><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">candidates</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">: </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Fabio Venturelli </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Fl&#225;via Buarque de Almeida </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Francisco de S&#225; Neto </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Jorge Marques de Toledo Camargo </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Jos&#233; Mauricio Pereira Coelho </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Marcelo Faria de Lima</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"><font>V&#226;nia Maria Lima Neves</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Non-Independent Candidates</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">: </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Marcos Marinho Lutz </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Peter Paul Loren&#231;o Estermann </font></p>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-family: Aptos; font-size: 10pt; font-style: normal; font-weight: bold; line-height: inherit;">5)</font><font style="font-style: normal; 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; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Establishment of the Management's global compensation</font></p>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">In Extraordinary General Shareholders&#8217; Meeting:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 4pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">1)</font><font style="font-style: normal; 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; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Resolution on the following amendments to the Company&#8217;s Bylaws, as detailed in the Management Proposal disclosed to the market on this date:</font></p>
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<td style="height: 17px; vertical-align: top; text-align: right; width: 2.5%;" valign="top"><font style="color: #000000; font-family: Aptos; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; 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;">a)</font></td>
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<td style="height: 17px; vertical-align: top; width: 96.5%;" valign="top"><font style="color: #000000; 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; font-family: Aptos; line-height: inherit;">Ratification of the change in the number of common shares into which the Company's capital stock is divided, due to the partial exercise of the rights conferred by the subscription warrants issued by the Company as of the merger of shares issued by<font style="line-height: inherit;">&nbsp;</font>Imifarma<font style="line-height: inherit;">&nbsp;</font>Produtos<font style="line-height: inherit;">&nbsp;</font>Farmac&#234;uticos<font style="line-height: inherit;">&nbsp;</font>e<font style="line-height: inherit;">&nbsp;</font>Cosm&#233;ticos<font style="line-height: inherit;">&nbsp;</font>S.A. by the Company, approved by the Extraordinary General Shareholders&#8217; Meeting held on January 31<font style="font-size: 8pt;"><sup>st</sup></font></font><font style="color: #000000; 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; font-family: Aptos; line-height: inherit;">, 2014</font></td>





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<td style="width: 2.5%; vertical-align: top; text-align: right; height: 16px;" valign="top"><font style="color: #000000; font-family: Aptos; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; 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>
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<td style="width: 96.5%; vertical-align: top; height: 16px; text-align: justify;" valign="top"><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; 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-family: Aptos; line-height: inherit;">Approval of the Company's capital increase, through the capitalization of part of the profit reserves, without the issuance of new shares, with the consequent amendment of article 5 of the Bylaws</font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; 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-family: Aptos; line-height: inherit;"><font>&nbsp;</font>in force</font></td>





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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; Mark with an X in the box of your choice above.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">&nbsp;</font></p>
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<td style="width: 2.5%; vertical-align: top; text-align: right;" valign="top"><font style="color: #000000; font-family: Aptos; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; 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: 1%; vertical-align: top;" valign="top"><br></td>
<td style="width: 96.5%; vertical-align: top; text-align: justify;" valign="top"><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; 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-family: Aptos; line-height: inherit;">Approval of the amendment to the<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; 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-family: Aptos; line-height: inherit;">powers</font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; 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-family: Aptos; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font>of the Company's Board of Directors,</font><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-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; line-height: inherit; display: inline !important;"><font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; 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-family: Aptos; line-height: inherit;">to provide more clarity and guidance on the topics related to transactions with related parties and indebtedness with third parties that do not require prior approval from<font style="line-height: inherit;">&nbsp;</font>Ultrapar's<font style="line-height: inherit;">&nbsp;</font>Board of Directors, without, however, changing the reference value and matters of operations that must be submitted to the<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; 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-family: Aptos; line-height: inherit;">board</font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; 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-family: Aptos; line-height: inherit;">;</font></td>





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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><font style="font-style: normal; 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; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; &nbsp; &nbsp;&nbsp;</font></p>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">In Favor</font></p>






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<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Against</font></p>






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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; Mark with an X in the box of your choice above.</font></p>
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<td style="width: 2.5%; vertical-align: top; text-align: right; height: 32px;" valign="top"><font style="color: #000000; font-family: Aptos; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; 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;">d)</font></td>
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<td style="width: 96.5%; vertical-align: top; height: 32px; text-align: justify;" valign="top"><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; 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-family: Aptos; line-height: inherit;">A</font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; 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-family: Aptos; line-height: inherit;">pproval<font style="line-height: inherit;">&nbsp;</font>of a change in the<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; 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-family: Aptos; line-height: inherit;">powers</font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; 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-family: Aptos; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font>of the Company's Board of Directors,<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; 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-family: Aptos; line-height: inherit;">to adjust<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; 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-family: Aptos; line-height: inherit;">to<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; 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-family: Aptos; line-height: inherit;">the new governance of its main subsidiaries (Ultragaz,<font style="line-height: inherit;">&nbsp;</font>Ipiranga,<font style="line-height: inherit;">&nbsp;</font>Ultracargo), as widely disclosed to the market. With the new structure, the respective Boards of Directors will have the authority to approve the execution of shareholder agreements related to their<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; 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-family: Aptos; line-height: inherit;">business</font><font style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; 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-family: Aptos; line-height: inherit;">;</font></td>





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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><font style="font-style: normal; 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; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; &nbsp;</font></p>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">In Favor</font></p>






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<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Against</font></p>






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<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Abstention</font></p>






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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; Mark with an X in the box of your choice above.</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 4pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">2)</font><font style="font-style: normal; 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; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Approval of the consolidation of the Bylaws, </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">in order </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">to</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> reflect the changes proposed in the items above.</font></p>
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<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">In Favor</font></p>






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<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Against</font></p>






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<p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; font-weight: bold; line-height: inherit;">Abstention</font></p>






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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; Mark with an X in the box of your choice above.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The attorneys-in-fact hereby nominated have no right or obligation whatsoever to take any other measures in the name of the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">Principal</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> not expressly provided for in this instrument or which are necessary </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">to</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;"> its exact fulfillment.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">This power of attorney, which may be delegated in full or partially, shall be valid for the </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">aforementioned Meeting</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">The present instrument is valid until April </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">1</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">7</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, 202</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">5</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">[</font><font style="background-color: #c0c0c0; font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">month</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">]</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">, [</font><font style="background-color: #c0c0c0; font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">day</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">], </font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">202</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">5.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: center;"><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">[</font><font style="background-color: #c0c0c0; font-family: Aptos; font-size: 10pt; font-style: italic; line-height: inherit;">Shareholder</font><font style="font-family: Aptos; font-size: 10pt; line-height: inherit;">]</font></p>
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<div style="line-height: 12.95pt; margin: 0px 0px 5px 0px; text-align: center; text-indent: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Bagm_142202523572665" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold;">Assembleia pendente de </font><font style="font-weight: bold; letter-spacing: -0.1pt;">aprova&#231;&#227;o</font></font></a></div>
<p style="margin: 0px 0px 5px 0px; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold;">DISTANCE VOTING </font><font style="font-weight: bold; letter-spacing: -0.1pt;">BALLOT</font></font></p>
<p style="margin: 0px 0px 5px 0px; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold;">Annual General Meeting (AGM) - ULTRAPAR PARTICIPACOES S.A. to be held on </font><font style="font-weight: bold; letter-spacing: -0.1pt;">04/16/2025</font></font></p>
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<p style="margin: 2.35pt 0pt 0pt 2pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Shareholder's </font><font style="font-weight: bold; letter-spacing: -0.2pt;">Name</font></font></p>






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<p style="margin: 2.35pt 0pt 0pt 2pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Shareholder's CNPJ or </font><font style="font-weight: bold; letter-spacing: -0.25pt;">CPF</font></font></p>






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<p style="margin: 2.35pt 0pt 0pt 2pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">E-</font><font style="font-weight: bold; letter-spacing: -0.2pt;">mail</font></font></p>






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<p style="margin: 4.35pt 0pt 0pt 4pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Instructions on how to cast your </font><font style="font-weight: bold; letter-spacing: -0.2pt;">vote</font></font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 3.75pt 3.05pt 0pt 4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">This ballot for the Annual General Meeting (&#8220;AGM&#8221;) should be completed if the shareholder chooses to exercise their voting rights remotely pursuant to CVM Resolution 81/22. In this event, it is mandatory that the foregoing fields are completed with the name (or corporate name) in full of the shareholder and the Corporate or Individual number in the tax register (CNPJ/MF and CPF/MF respectively), as well as an email address for eventual contact.</font></p>
<p style="font-size: 10pt; line-height: 87%; margin: 9.95pt 0pt 0pt 4pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">For this voting ballot to be valid and the votes cast included in the quorum for the AGM, the following instructions should be followed:</font></p>
<p style="line-height: 9.5pt; margin: 0pt 0pt 0pt 10.25pt; orphans: 0; text-indent: -6.25pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: normal;">&#8226;</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: normal;">&nbsp; </font>The fields of this ballot should be completed <font style="letter-spacing: -0.1pt;">accordingly;</font></font></p>
<p style="line-height: 10pt; margin: 0pt 0pt 0pt 10.25pt; orphans: 0; text-indent: -6.25pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: normal;">&#8226;</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: normal;">&nbsp; </font>Every page in this ballot should be <font style="letter-spacing: -0.1pt;">initialed;</font></font></p>
<p style="font-size: 10pt; line-height: 87%; margin: 0.45pt 3.3pt 0pt 4pt; orphans: 0; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: normal;">&#8226;</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: normal;">&nbsp; </font>At the end, the shareholder or their legal representative(s), as the case may be and pursuant to the prevailing legislation, should sign the ballot.</font></p>
<p style="font-size: 10pt; line-height: 87%; margin: 10pt 3.15pt 0pt 4pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Once the ballot and required documentation are received by the Company, the Company shall notify, within 3 (three) business days, the shareholder of their receipt and acceptance or request its correction, pursuant to CVM Resolution 81/22.</font></p>
<p style="font-size: 10pt; line-height: 87%; margin: 10pt 7.1pt 0pt 4pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The ballot and other substantiating documents shall be filed at the Company in up to 4 days prior to the date of the AGM, that is by April 12, 2025.</font></p>
<p style="margin: 8.8pt 0pt 0pt 4pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Any ballots received by the Company after that date shall be <font style="letter-spacing: -0.1pt;">disregarded.</font></font></p>
<p style="font-size: 11pt; line-height: 87%; margin: 9.7pt 2.6pt 0pt 4pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The &#8220;AEGM Manual&#8221;, sometimes referred to in this ballot, is available to the shareholders at the Company&#8217;s corporate headquarters, in its website (ri.ultra.com.br) and the websites of the <font style="letter-spacing: 0.65pt;">Securities</font> <font style="letter-spacing: 0.5pt;">and</font> <font style="letter-spacing: 0.65pt;">Exchange</font><font style="letter-spacing: 0.65pt;"> Commission</font> of <font style="letter-spacing: 0.6pt;">Brazil</font> &#8211; <font style="letter-spacing: 0.5pt;">CVM</font> <font style="letter-spacing: 0.7pt;">(www.cvm.gov.br)</font> <font style="letter-spacing: 0.5pt;">and</font> <font style="letter-spacing: 0.75pt;">B3 </font><font style="letter-spacing: 0.65pt;">(www.b3.com.br).</font></font></p>






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<p style="font-size: 10pt; line-height: 87%; margin: 5.55pt 0pt 0pt 4pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Instructions</font> <font style="font-weight: bold;">for</font> <font style="font-weight: bold;">sending</font> <font style="font-weight: bold;">your</font> <font style="font-weight: bold;">ballot,</font> <font style="font-weight: bold;">indicating</font> <font style="font-weight: bold;">the</font> <font style="font-weight: bold;">delivery</font> <font style="font-weight: bold;">process</font> <font style="font-weight: bold;">by</font> <font style="font-weight: bold;">sending</font> <font style="font-weight: bold;">it</font> <font style="font-weight: bold;">directly</font> <font style="font-weight: bold;">to the Company or through a qualified service provider</font></font></p>
<p style="margin: 2.8pt 0pt 0pt 4pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The shareholder choosing to exercise their voting rights remotely <font style="letter-spacing: -0.2pt;">may:</font></font></p>
<p style="line-height: 10.75pt; margin: 8.5pt 0pt 0pt 4pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">A. Send the ballot directly to the <font style="letter-spacing: -0.1pt;">Company</font></font></p>
<p style="line-height: 10pt; margin: 0pt 0pt 0pt 4pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">For this purpose, they should submit the following <font style="letter-spacing: -0.1pt;">documents:</font></font></p>
<p style="font-size: 10pt; line-height: 87%; margin: 0.45pt 3.05pt 0pt 4pt; orphans: 0; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: normal;">&#8226;</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: normal;">&nbsp;&nbsp; </font>Original copy of this ballot duly completed with every page initialed and signed at the end according to the instructions for completion described above;</font></p>
<p style="margin: 8.8pt 0pt 0pt 10.25pt; orphans: 0; text-indent: -6.25pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: normal;">&#8226;</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: normal;">&nbsp; </font>Copy of the following <font style="letter-spacing: -0.1pt;">documents:</font></font></p>
<p style="line-height: 10.75pt; margin: 8.5pt 0pt 0pt 4pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt;">Individuals:</font></p>
<p style="font-size: 10pt; line-height: 87%; margin: 0.45pt 2.1pt 0pt 4pt; orphans: 0; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: normal;">(i)</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: normal;">&nbsp; </font>ID card with the shareholder&#8217;s photograph (RG, RNE (foreigner&#8217;s ID), CNH (driver&#8217;s license), passport or ID issued by an officially recognized professional class);</font></p>
<p style="font-size: 10pt; line-height: 87%; margin: 0pt 14.15pt 0pt 4pt; orphans: 0; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: normal;">(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: normal;">&nbsp; </font>in the case of an attorney-in-fact, ID document with a photograph of the same and a power of <font style="letter-spacing: -0.1pt;">attorney.</font></font></p>
<p style="line-height: 10.75pt; margin: 8.75pt 0pt 0pt 4pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Legal <font style="letter-spacing: -0.1pt;">entities:</font></font></p>
<p style="font-size: 10pt; line-height: 87%; margin: 0.5pt 3.25pt 0pt 4pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: normal;">(i)</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: normal;">&nbsp; </font>consolidated corporate bylaws or articles of association and corporate acts providing evidence as to the powers to represent the shareholder (minutes of election of the officers and/or power of <font style="letter-spacing: -0.1pt;">attorney);</font></font></p>
<p style="font-size: 10pt; line-height: 87%; margin: 0pt 2.2pt 0pt 4pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: normal;">(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: normal;">&nbsp; </font>ID card with the representative&#8217;s photograph (RG, RNE (foreigner&#8217;s ID), CNH (driver&#8217;s license), passport or ID issued by an officially recognized professional class);</font></p>
<p style="font-size: 10pt; line-height: 87%; margin: 0pt 3.3pt 0pt 4pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: normal;">(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: normal;">&nbsp; </font>in the case of an attorney-in-fact, ID document with a photograph of the same and a power of <font style="letter-spacing: -0.1pt;">attorney.</font></font></p>
<p style="line-height: 10.25pt; margin: 0pt 0pt 0pt 4pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Investment <font style="letter-spacing: -0.1pt;">funds:</font></font></p>
<p style="font-size: 10pt; line-height: 87%; margin: 9.7pt 0pt 0pt 4pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The shareholders constituted as investment funds shall deliver to the Company, within the term estipulated under item (a) above:</font></p>
<p style="font-size: 10pt; line-height: 87%; margin: 0pt 3.25pt 0pt 4pt; orphans: 0; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: normal;">(i)</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: normal;">&nbsp; </font>evidence of the capacity of a manager of the investment fund granted to an individual or legal entity to represent it at the general meeting or who has granted powers to the attorney-in-fact;</font></p>
<p style="font-size: 10pt; line-height: 87%; margin: 0pt 3.15pt 0pt 4pt; orphans: 0; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: normal;">(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: normal;">&nbsp;&nbsp; </font>the corporate act of the manager, if a legal entity, granting powers to the representative to participate in the general meeting or to whom the power-of-attorney has been granted; and</font></p>
<p style="font-size: 10pt; line-height: 87%; margin: 0pt 3.05pt 0pt 4pt; orphans: 0; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: normal;">(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: normal;">&nbsp;&nbsp; </font>should the representative or attorney-in-fact be a legal entity, documents listed on item &#8220;Corporate Shareholder&#8221; related to them shall be presented to the Company.</font></p>
<p style="line-height: 10.75pt; margin: 8.75pt 0pt 0pt 4pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">B. Exercising voting rights through service <font style="letter-spacing: -0.1pt;">providers</font></font></p>
<p style="font-size: 10pt; line-height: 87%; margin: 0.45pt 3.2pt 0pt 4pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The shareholder that chooses to exercise voting rights remotely through service providers shall contact their custodians or securities registry institution for the Company&#8217;s shares, whether or not their shares are deposited with a central depositary, pursuant to compliance with their rules for</font></p>






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<p style="margin: 0px 0px 5px 0px; 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-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; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold;">DISTANCE VOTING<font>&nbsp;</font></font><font style="font-weight: bold; letter-spacing: -0.1pt;">BALLOT</font></font></p>
<p style="margin: 0px 0px 5px 0px; 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-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; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold;">Annual General Meeting (AGM) - ULTRAPAR PARTICIPACOES S.A. to be held on<font>&nbsp;</font></font><font style="font-weight: bold; letter-spacing: -0.1pt;">04/16/2025</font></font></p>
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<p style="font-size: 10pt; line-height: 1.1; margin: 5.55pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">their shares are deposited with a central depositary, pursuant to compliance with their rules for transmission of the shareholder&#8217;s voting instructions.</font></p>
<p style="margin: 8.8pt 0pt 0pt 4pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For further information, please see the AEGM Manual available in <font style="letter-spacing: -0.1pt; line-height: inherit;">ri.ultra.com.br.</font></font></p>






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<p style="font-size: 10pt; line-height: 1.1; margin: 5.55pt 7.1pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Postal</font> <font style="font-weight: bold; line-height: inherit;">and</font> <font style="font-weight: bold; line-height: inherit;">e-mail</font> <font style="font-weight: bold; line-height: inherit;">address</font> <font style="font-weight: bold; line-height: inherit;">to</font> <font style="font-weight: bold; line-height: inherit;">send</font> <font style="font-weight: bold; line-height: inherit;">the</font> <font style="font-weight: bold; line-height: inherit;">distance</font> <font style="font-weight: bold; line-height: inherit;">voting</font> <font style="font-weight: bold; line-height: inherit;">ballot,</font> <font style="font-weight: bold; line-height: inherit;">if</font> <font style="font-weight: bold; line-height: inherit;">the</font> <font style="font-weight: bold; line-height: inherit;">shareholder</font> <font style="font-weight: bold; line-height: inherit;">chooses</font> <font style="font-weight: bold; line-height: inherit;">to deliver the document directly to the company / Instructions for meetings that allow electronic system's participation, when that is the case.</font></font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 4pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Address: Brigadeiro Lu&#237;s Ant&#244;nio avenue, 1343, 8th floor, Bela Vista, CEP (zip code) 01317-910 </font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 4pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">S&#227;o Paulo/SP &#8211; Brazil</font></p>
<p style="font-size: 11pt; line-height: 1.1; margin: 0pt 204.25pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">To the attention of the Investor Relations Department </font></p>
<p style="font-size: 11pt; line-height: 1.1; margin: 0pt 204.25pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">E-mail: invest@ultra.com.br</font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">If preferred, the shareholder may send electronic copies of this ballot and the documents to the Company&#8217;s e-mail address by April 12, 2025.</font></p>






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<p style="font-size: 10pt; line-height: 1.1; margin: 5.55pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Indication of the institution hired by the company to provide the registrar service of securities,</font> <font style="font-weight: bold; line-height: inherit;">with</font> <font style="font-weight: bold; line-height: inherit;">name,</font> <font style="font-weight: bold; line-height: inherit;">physical</font> <font style="font-weight: bold; line-height: inherit;">and</font> <font style="font-weight: bold; line-height: inherit;">electronic</font> <font style="font-weight: bold; line-height: inherit;">address,</font> <font style="font-weight: bold; line-height: inherit;">contact</font> <font style="font-weight: bold; line-height: inherit;">person</font> <font style="font-weight: bold; line-height: inherit;">and</font> <font style="font-weight: bold; line-height: inherit;">phone</font> <font style="font-weight: bold; line-height: inherit;">number</font></font></p>
<p style="line-height: 1.1; margin: 2.8pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Banco Bradesco <font style="letter-spacing: -0.25pt; line-height: inherit;">S.A</font></font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0.45pt 86.45pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Departamento de A&#231;&#245;es e Cust&#243;dia (Securities and Custody Department) </font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0.45pt 86.45pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Address: N&#250;cleo Cidade de Deus, Yellow building, 2nd floor, Vila Yara, Osasco </font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0.45pt 86.45pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">CEP (zip code) 06029-900</font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0pt 299.85pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Osasco/SP &#8211; Brazil </font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0pt 299.85pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Shareholder service channels: </font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0pt 299.85pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Telephone: 0800 701-1616</font></p>
<p style="font-size: 11pt; line-height: 1.1; margin: 0pt 225.4pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Business days from 8:00 a.m. to 5:00 p.m (BRT) </font></p>
<p style="font-size: 11pt; line-height: 1.1; margin: 0pt 225.4pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">E-mail: dac.acecustodia@bradesco.com.br</font></p>






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<p style="line-height: 10.15pt; margin: 2.35pt 0pt 0pt 2pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Resolutions concerning the Annual General Meeting </font><font style="font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">(AGM)</font></font></p>






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<p style="margin: 4.35pt 0pt 0pt 4pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">[Eligible tickers in this resolution: </font><font style="font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">UGPA3]</font></font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 7.75pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1. Analysis and approval of the report and accounts of the Management, as well as the financial statements of the fiscal year ended on December 31st, 2024, together with the report from the Independent Auditors and the opinion from the Fiscal Council</font></p>
<p style="margin: 0px; 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="margin: 0pt 0pt 0pt 6.75pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">[<font style="letter-spacing: 1.35pt; line-height: inherit;">&nbsp; </font>] Approve [<font style="letter-spacing: 1.4pt; line-height: inherit;">&nbsp; </font>] Reject [<font style="letter-spacing: 1.35pt; line-height: inherit;">&nbsp; </font>] <font style="letter-spacing: -0.1pt; line-height: inherit;">Abstain</font></font></p>






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<p style="margin: 4.35pt 0pt 0pt 4pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">[Eligible tickers in this resolution: </font><font style="font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">UGPA3]</font></font></p>
<p style="margin: 6.5pt 0pt 0pt 4pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2. Allocation of net income for the fiscal year ended December 31st, <font style="letter-spacing: -0.2pt; line-height: inherit;">2024</font></font></p>
<p style="margin: 0px; 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="margin: 0pt 0pt 0pt 6.75pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">[<font style="letter-spacing: 1.35pt; line-height: inherit;">&nbsp; </font>] Approve [<font style="letter-spacing: 1.4pt; line-height: inherit;">&nbsp; </font>] Reject [<font style="letter-spacing: 1.35pt; line-height: inherit;">&nbsp; </font>] <font style="letter-spacing: -0.1pt; line-height: inherit;">Abstain</font></font></p>






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<p style="margin: 4.35pt 0pt 0pt 4pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">[Eligible tickers in this resolution: </font><font style="font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">UGPA3]</font></font></p>
<p style="margin: 6.5pt 0pt 0pt 4pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3. Establishment of the number of members to be elected to the Board of <font style="letter-spacing: -0.1pt; line-height: inherit;">Directors</font></font></p>
<p style="margin: 0px; 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="margin: 0pt 0pt 0pt 6.75pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">[<font style="letter-spacing: 1.35pt; line-height: inherit;">&nbsp; </font>] Approve [<font style="letter-spacing: 1.4pt; line-height: inherit;">&nbsp; </font>] Reject [<font style="letter-spacing: 1.35pt; line-height: inherit;">&nbsp; </font>] <font style="letter-spacing: -0.1pt; line-height: inherit;">Abstain</font></font></p>






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<p style="margin: 4.35pt 0pt 0pt 4pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">[Eligible tickers in this resolution: </font><font style="font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">UGPA3]</font></font></p>
<p style="margin: 2.5pt 0pt 0pt 4pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Election of the board of directors by single group of </font><font style="font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">candidates</font></font></p>
<p style="margin: 1pt 0pt 0pt; orphans: 0; widows: 0;"><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: 122%; margin: 0pt 271.8pt 0pt 12.3pt; orphans: 0; text-indent: -8.35pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Chapa indicada pela administra&#231;&#227;o</font></p>
<p style="font-size: 10pt; line-height: 122%; margin: 0pt 299.85pt 0pt 12.3pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; 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: -11.1333px; 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;">Fabio<font style="line-height: inherit;">&nbsp;</font></font>Venturelli (Independente / Independent)</font></p>
<p style="font-size: 10pt; line-height: 122%; margin: 0pt 299.85pt 0pt 12.3pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Fl&#225;via Buarque de Almeida&nbsp;<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>Independente<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>&nbsp;</font>/ Independent)</font></font></p>
<p style="font-size: 10pt; line-height: 122%; margin: 0pt 299.85pt 0pt 12.3pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Francisco de S&#225; Neto&nbsp;<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>Independente<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>&nbsp;</font>/ Independent)</font></font></p>
<p style="font-size: 10pt; line-height: 122%; margin: 0pt 271.8pt 0pt 12.3pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Jorge Marques de Toledo Camargo&nbsp;<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>Independente<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>&nbsp;</font>/ Independent)</font></font></p>
<p style="font-size: 10pt; line-height: 122%; margin: 0pt 271.8pt 0pt 12.3pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Jos&#233; Mauricio Pereira Coelho&nbsp;<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>Independente<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>&nbsp;</font>/ Independent)</font></font></p>
<p style="font-size: 10pt; line-height: 122%; margin: 0pt 271.8pt 0pt 12.3pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Marcelo Faria de Lima&nbsp;<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>Independente<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>&nbsp;</font>/ Independent)</font></font></p>
<p style="line-height: 11.4pt; margin: 0pt 0pt 0pt 12.3pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Marcos Marinho <font style="letter-spacing: -0.2pt; line-height: inherit;">Lutz&nbsp;<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;">(N&#227;o-</font>Independente<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>&nbsp;</font>/ Non-Independent)</font></font></font></p>
<p style="font-size: 10pt; line-height: 122%; margin: 2.4pt 271.8pt 0pt 12.3pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Peter Paul Loren&#231;o Estermann&nbsp;<font style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; 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; font-size: 13.3333px; letter-spacing: normal; float: none; display: inline !important;">(N&#227;o-</font>Independente<font style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; 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; font-size: 13.3333px; letter-spacing: normal; float: none; display: inline !important;"><font>&nbsp;</font>/ Non-Independent)</font></font></p>
<p style="font-size: 10pt; line-height: 122%; margin: 2.4pt 271.8pt 0pt 12.3pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">V&#226;nia Maria Lima Neves&nbsp;<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>Independente<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>&nbsp;</font>/ Independent)</font></font></p>






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<p style="margin: 0px 0px 5px 0px; 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-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-size: 13.3333px; background-color: #ffffff; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold;">DISTANCE VOTING<font>&nbsp;</font></font><font style="font-weight: bold; letter-spacing: -0.1pt;">BALLOT</font></font></p>
<p style="margin: 0px 0px 5px 0px; 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-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-size: 13.3333px; background-color: #ffffff; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold;">Annual General Meeting (AGM) - ULTRAPAR PARTICIPACOES S.A. to be held on<font>&nbsp;</font></font><font style="font-weight: bold; letter-spacing: -0.1pt;">04/16/2025</font></font></p>






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<p style="margin: 10.05pt 0pt 0pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; line-height: inherit;">4.</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>Nomination of all the names that compose the slate (the votes indicated in this section will be disregarded if the shareholder with voting rights fills in the fields present in the separate election of a member of the board of directors and the separate election referred to in these fields takes place). - Chapa indicada pela administra&#231;&#227;o</font></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 6.75pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">[<font style="letter-spacing: 1.35pt;">&nbsp; </font>] Approve [<font style="letter-spacing: 1.4pt;">&nbsp; </font>] Reject [<font style="letter-spacing: 1.35pt;">&nbsp; </font>] <font style="letter-spacing: -0.1pt;">Abstain</font></font></p>
<p style="margin: 2.2pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0pt 68.05pt 0pt 4pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; line-height: inherit;">5.</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>If one of the candidates that composes your chosen slate leaves it, can the votes corresponding to your shares continue to be conferred on the same slate?</font></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 6.75pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">[<font style="letter-spacing: 1.35pt;">&nbsp; </font>] Yes [<font style="letter-spacing: 1.4pt;">&nbsp; </font>] No [<font style="letter-spacing: 1.35pt;">&nbsp; </font>] <font style="letter-spacing: -0.1pt;">Abstain</font></font></p>
<p style="margin: 2.2pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0pt 12.75pt 0pt 4pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; line-height: inherit;">6.</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>In case of a cumulative voting process, should the corresponding votes to your shares be equally distributed among the members of the slate that you&#180;ve chosen? [If the shareholder chooses &#8221;yes&#8221; and also indicates the &#8221;approve&#8221; answer type for specific candidates among those listed below, their votes will be distributed proportionally among these candidates. If the shareholder chooses to &#8221;abstain&#8221; and the election occurs by the cumulative voting process, the shareholder's vote shall be counted as an abstention in the respective resolution of the meeting.]</font></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 6.75pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">[<font style="letter-spacing: 1.35pt;">&nbsp; </font>] Yes [<font style="letter-spacing: 1.4pt;">&nbsp; </font>] No [<font style="letter-spacing: 1.35pt;">&nbsp; </font>] <font style="letter-spacing: -0.1pt;">Abstain</font></font></p>
<p style="margin: 1pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 17.85pt; text-indent: -13.85pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; line-height: inherit;">7.</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>View of all the candidates that compose the slate to indicate the cumulative voting <font style="letter-spacing: -0.1pt; line-height: inherit;">distribution.</font></font></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 4pt; line-height: 2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Fabio Venturelli <font style="letter-spacing: -0.5pt; line-height: inherit;">[</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Approve <font style="letter-spacing: -0.5pt; line-height: inherit;">[</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Reject <font style="letter-spacing: -0.5pt; line-height: inherit;">[</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Abstain<font style="letter-spacing: 1.35pt; line-height: inherit;">&nbsp; </font>/<font style="letter-spacing: 1.4pt; line-height: inherit;">&nbsp; </font><font style="letter-spacing: -0.5pt; line-height: inherit;">[</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] <font style="letter-spacing: -0.5pt; line-height: inherit;">%</font></font></p>
<p style="font-size: 10pt; line-height: 2; margin: 0pt 86.45pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Fl&#225;via Buarque de Almeida [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Approve [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Reject [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Abstain / [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] % </font></p>
<p style="font-size: 10pt; line-height: 2; margin: 0pt 86.45pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Francisco de S&#225; Neto [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Approve [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Reject [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Abstain / [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] %</font></p>
<p style="font-size: 10pt; line-height: 2; margin: 0pt 48.65pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Jorge Marques de Toledo Camargo [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Approve [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Reject [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Abstain / [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] % </font></p>
<p style="font-size: 10pt; line-height: 2; margin: 0pt 48.65pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Jos&#233; Mauricio Pereira Coelho [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Approve [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Reject [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Abstain / [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] % </font></p>
<p style="font-size: 10pt; line-height: 2; margin: 0pt 48.65pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Marcelo Faria de Lima [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Approve [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Reject [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Abstain / [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] %</font></p>
<p style="line-height: 2; margin: 0pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Marcos Marinho Lutz <font style="letter-spacing: -0.5pt; line-height: inherit;">[</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Approve <font style="letter-spacing: -0.5pt; line-height: inherit;">[</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Reject <font style="letter-spacing: -0.5pt; line-height: inherit;">[</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Abstain<font style="letter-spacing: 1.35pt; line-height: inherit;">&nbsp; </font>/<font style="letter-spacing: 1.4pt; line-height: inherit;">&nbsp; </font><font style="letter-spacing: -0.5pt; line-height: inherit;">[</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] <font style="letter-spacing: -0.5pt; line-height: inherit;">%</font></font></p>
<p style="font-size: 10pt; line-height: 2; margin: 0pt 69.75pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Peter Paul Loren&#231;o Estermann [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Approve [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Reject [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Abstain / [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] % </font></p>
<p style="font-size: 10pt; line-height: 2; margin: 0pt 69.75pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">V&#226;nia Maria Lima Neves [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Approve [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Reject [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Abstain / [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] %</font></p>






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<p style="margin: 4.35pt 0pt 0pt 4pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">[Eligible tickers in this resolution: </font><font style="font-weight: bold; letter-spacing: -0.1pt;">UGPA3]</font></font></p>
<p style="margin: 6.5pt 0pt 0pt 4pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8. Establishment of the Management&#8216;s global <font style="letter-spacing: -0.1pt; line-height: inherit;">compensation</font></font></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 6.75pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">[<font style="letter-spacing: 1.35pt;">&nbsp; </font>] Approve [<font style="letter-spacing: 1.4pt;">&nbsp; </font>] Reject [<font style="letter-spacing: 1.35pt;">&nbsp; </font>] <font style="letter-spacing: -0.1pt;">Abstain</font></font></p>






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<p style="margin: 4.35pt 0pt 0pt 4pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">[Eligible tickers in this resolution: </font><font style="font-weight: bold; letter-spacing: -0.1pt;">UGPA3]</font></font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 7.75pt 7.1pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9. Do you wish to request the cumulative voting for the election of the board of directors, under the terms of art. 141 of Law 6,404, of 1976? (If the shareholder chooses "no" or "abstain", his/her shares will not be computed for the request of the cumulative voting request).</font></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 6.75pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">[<font style="letter-spacing: 1.35pt;">&nbsp; </font>] Yes [<font style="letter-spacing: 1.4pt;">&nbsp; </font>] No [<font style="letter-spacing: 1.35pt;">&nbsp; </font>] <font style="letter-spacing: -0.1pt;">Abstain</font></font></p>






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<p style="margin: 4.35pt 0pt 0pt 4pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">[Eligible tickers in this resolution: </font><font style="font-weight: bold; letter-spacing: -0.1pt;">UGPA3]</font></font></p>






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<p style="margin: 0px 0px 5px; 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-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-size: 13.3333px; background-color: #ffffff; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold;">DISTANCE VOTING<font>&nbsp;</font></font><font style="font-weight: bold; letter-spacing: -0.1pt;">BALLOT</font></font></p>
<p style="margin: 0px 0px 5px; 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-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-size: 13.3333px; background-color: #ffffff; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold;">Annual General Meeting (AGM) - ULTRAPAR PARTICIPACOES S.A. to be held on<font>&nbsp;</font></font><font style="font-weight: bold; letter-spacing: -0.1pt;">04/16/2025</font></font></p>
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<p style="font-size: 10pt; line-height: 1.1; margin: 5.55pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10. Do you wish to request the establishment of a fiscal council, under the terms of article 161 of Law 6,404, of 1976? (If the shareholder chooses "no" or "abstain", his/her shares will not be computed for the request of the establishment of the fiscal council).</font></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 6.75pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">[<font style="letter-spacing: 1.35pt;">&nbsp; </font>] Yes [<font style="letter-spacing: 1.4pt;">&nbsp; </font>] No [<font style="letter-spacing: 1.35pt;">&nbsp; </font>] <font style="letter-spacing: -0.1pt;">Abstain</font></font></p>






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<td style="width: 17.825%; height: 17px; padding: 10px 1px 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;"><font style="color: #000000; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Date</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.1pt;">&nbsp;</font><font style="color: #000000; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">:</font></font></td>
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<td style="width: 17.825%; height: 17px; padding: 10px 1px 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;"><font style="color: #000000; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Signature</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt;">&nbsp;</font><font style="color: #000000; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">:</font></font></td>
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<td style="width: 17.825%; height: 17px; padding: 10px 1px 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;"><font style="color: #000000; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Shareholder's</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 3pt;">&nbsp;</font><font style="color: #000000; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Name</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 3pt;">&nbsp;</font><font style="color: #000000; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">:</font></font></td>
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<div style="line-height: 12.95pt; margin: 0px; text-align: center; text-indent: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Begm_1422025235754967" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold;">Assembleia pendente de </font><font style="font-weight: bold; letter-spacing: -0.1pt;">aprova&#231;&#227;o</font></font></a></div>
<p style="margin: 5.75pt 0pt 0pt 3.3pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold;">DISTANCE VOTING </font><font style="font-weight: bold; letter-spacing: -0.1pt;">BALLOT</font></font></p>
<p style="font-size: 12pt; line-height: 72%; margin: 9.35pt 3.25pt 0pt 3.3pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold;">Extraordinary</font> <font style="font-weight: bold;">General</font> <font style="font-weight: bold;">Meeting</font> <font style="font-weight: bold;">(EGM)</font> <font style="font-weight: bold;">-</font> <font style="font-weight: bold;">ULTRAPAR</font> <font style="font-weight: bold;">PARTICIPACOES</font> <font style="font-weight: bold;">S.A.</font> <font style="font-weight: bold;">to</font> <font style="font-weight: bold;">be</font> <font style="font-weight: bold;">held</font> <font style="font-weight: bold;">on </font><font style="font-weight: bold; letter-spacing: -0.1pt;">04/16/2025</font></font></p>
<p style="margin: 0.25pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 2.35pt 0pt 0pt 2pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Shareholder's </font><font style="font-weight: bold; letter-spacing: -0.2pt;">Name</font></font></p>







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<p style="margin: 2.35pt 0pt 0pt 2pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Shareholder's CNPJ or </font><font style="font-weight: bold; letter-spacing: -0.25pt;">CPF</font></font></p>







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<p style="margin: 2.35pt 0pt 0pt 2pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">E-</font><font style="font-weight: bold; letter-spacing: -0.2pt;">mail</font></font></p>







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<p style="margin: 4.35pt 0pt 0pt 4pt; text-align: justify; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Instructions on how to cast your </font><font style="font-weight: bold; letter-spacing: -0.2pt; line-height: inherit;">vote</font></font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 3.75pt 3.25pt 0pt 4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">This ballot for the Extraordinary General Meeting (&#8220;EGM&#8221;) should be completed if the shareholder chooses to exercise their voting rights remotely pursuant to CVM Resolution 81/22. In this event, it is mandatory that the foregoing fields are completed with the name (or corporate name) in full of the shareholder and the Corporate or Individual number in the tax register (CNPJ/MF and CPF/MF respectively), as well as an email address for eventual contact.</font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 9.95pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For this voting ballot to be valid and the votes cast included in the quorum for the EGM, the following instructions should be followed:</font></p>
<p style="line-height: 1.1; margin: 0pt 0pt 0pt 10.25pt; text-indent: -6.25pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; line-height: inherit;">&#8226;</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>The fields of this ballot should be completed <font style="letter-spacing: -0.1pt; line-height: inherit;">accordingly;</font></font></p>
<p style="line-height: 1.1; margin: 0pt 0pt 0pt 10.25pt; text-indent: -6.25pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; line-height: inherit;">&#8226;</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>Every page in this ballot should be <font style="letter-spacing: -0.1pt; line-height: inherit;">initialed;</font></font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0.45pt 3.3pt 0pt 4pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; line-height: inherit;">&#8226;</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>At the end, the shareholder or their legal representative(s), as the case may be and pursuant to the prevailing legislation, should sign the ballot.</font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 10pt 3.15pt 0pt 4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Once the ballot and required documentation are received by the Company, the Company shall notify, within 3 (three) business days, the shareholder of their receipt and acceptance or request its correction, pursuant to CVM Resolution 81/22.</font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 10pt 5.45pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The ballot and other substantiating documents shall be filed at the Company in up to 4 days prior to the date of the EGM, that is by April 12, 2025.</font></p>
<p style="margin: 8.8pt 0pt 0pt 4pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Any ballots received by the Company after that date shall be <font style="letter-spacing: -0.1pt; line-height: inherit;">disregarded.</font></font></p>
<p style="font-size: 11pt; line-height: 1.1; margin: 9.7pt 2.6pt 0pt 4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The &#8220;AEGM Manual&#8221;, sometimes referred to in this ballot, is available to the shareholders at the Company&#8217;s corporate headquarters, in its website (ri.ultra.com.br) and the websites of the <font style="letter-spacing: 0.65pt; line-height: inherit;">Securities</font> <font style="letter-spacing: 0.5pt; line-height: inherit;">and</font> <font style="letter-spacing: 0.65pt; line-height: inherit;">Exchange</font><font style="letter-spacing: 0.65pt; line-height: inherit;"> Commission</font> of <font style="letter-spacing: 0.6pt; line-height: inherit;">Brazil</font> &#8211; <font style="letter-spacing: 0.5pt; line-height: inherit;">CVM</font> <font style="letter-spacing: 0.7pt; line-height: inherit;">(www.cvm.gov.br)</font> <font style="letter-spacing: 0.5pt; line-height: inherit;">and</font> <font style="letter-spacing: 0.75pt; line-height: inherit;">B3 </font><font style="letter-spacing: 0.65pt; line-height: inherit;">(www.b3.com.br).</font></font></p>







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<p style="font-size: 10pt; line-height: 1.1; margin: 5.55pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Instructions</font> <font style="font-weight: bold; line-height: inherit;">for</font> <font style="font-weight: bold; line-height: inherit;">sending</font> <font style="font-weight: bold; line-height: inherit;">your</font> <font style="font-weight: bold; line-height: inherit;">ballot,</font> <font style="font-weight: bold; line-height: inherit;">indicating</font> <font style="font-weight: bold; line-height: inherit;">the</font> <font style="font-weight: bold; line-height: inherit;">delivery</font> <font style="font-weight: bold; line-height: inherit;">process</font> <font style="font-weight: bold; line-height: inherit;">by</font> <font style="font-weight: bold; line-height: inherit;">sending</font> <font style="font-weight: bold; line-height: inherit;">it</font> <font style="font-weight: bold; line-height: inherit;">directly</font> <font style="font-weight: bold; line-height: inherit;">to the Company or through a qualified service provider</font></font></p>
<p style="line-height: 1.1; margin: 2.8pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The shareholder choosing to exercise their voting rights remotely <font style="letter-spacing: -0.2pt; line-height: inherit;">may:</font></font></p>
<p style="line-height: 1.1; margin: 0pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">A. Send the ballot directly to the <font style="letter-spacing: -0.1pt; line-height: inherit;">Company</font></font></p>
<p style="line-height: 1.1; margin: 0pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For this purpose, they should submit the following <font style="letter-spacing: -0.1pt; line-height: inherit;">documents:</font></font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0.45pt 3.05pt 0pt 4pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; line-height: inherit;">&#8226;</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>Original copy of this ballot duly completed with every page initialed and signed at the end according to the instructions for completion described above;</font></p>
<p style="line-height: 1.1; margin: 0pt 0pt 0pt 10.25pt; text-indent: -6.25pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; line-height: inherit;">&#8226;</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>Copy of the following <font style="letter-spacing: -0.1pt; line-height: inherit;">documents:</font></font></p>
<p style="line-height: 1.1; margin: 0pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">Individuals:</font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0.5pt 2.1pt 0pt 4pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; line-height: inherit;">(i)</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>ID card with the shareholder&#8217;s photograph (RG, RNE (foreigner&#8217;s ID), CNH (driver&#8217;s license), passport or ID issued by an officially recognized professional class);</font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0pt 3.25pt 0pt 4pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; 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; </font>in the case of an attorney-in-fact, ID document with a photograph of the same and a power of <font style="letter-spacing: -0.1pt; line-height: inherit;">attorney.</font></font></p>
<p style="line-height: 1.1; margin: 0pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Legal <font style="letter-spacing: -0.1pt; line-height: inherit;">entities:</font></font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0.45pt 3.25pt 0pt 4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; line-height: inherit;">(i)</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>consolidated corporate bylaws or articles of association and corporate acts providing evidence as to the powers to represent the shareholder (minutes of election of the officers and/or power of <font style="letter-spacing: -0.1pt; line-height: inherit;">attorney);</font></font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0pt 2.2pt 0pt 4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; 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; </font>ID card with the representative&#8217;s photograph (RG, RNE (foreigner&#8217;s ID), CNH (driver&#8217;s license), passport or ID issued by an officially recognized professional class);</font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0pt 3.3pt 0pt 4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; 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; </font>in the case of an attorney-in-fact, ID document with a photograph of the same and a power of <font style="letter-spacing: -0.1pt; line-height: inherit;">attorney.</font></font></p>
<p style="line-height: 1.1; margin: 0pt 0pt 0pt 4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Investment <font style="letter-spacing: -0.1pt; line-height: inherit;">funds:</font></font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0.45pt 3.2pt 0pt 4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The shareholders constituted as investment funds shall deliver to the Company, within the term stipulated under item (a) above:</font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0pt 3.25pt 0pt 4pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; line-height: inherit;">(i)</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>evidence of the capacity of a manager of the investment fund granted to an individual or legal entity to represent it at the general meeting or who has granted powers to the attorney-in-fact;</font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0pt 3.15pt 0pt 4pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; 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; </font>the corporate act of the manager, if a legal entity, granting powers to the representative to participate in the general meeting or to whom the power-of-attorney has been granted; and</font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0pt 3.05pt 0pt 4pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; 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; </font>should the representative or attorney-in-fact be a legal entity, documents listed on item &#8220;Corporate Shareholder&#8221; related to them shall be presented to the Company.</font></p>
<p style="line-height: 1.1; margin: 8.75pt 0pt 0pt 4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">B. Exercising voting rights through service <font style="letter-spacing: -0.1pt; line-height: inherit;">providers</font></font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0.45pt 3.05pt 0pt 4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The shareholder that chooses to exercise voting rights remotely through service providers shall contact their custodians or securities registry institution for the Company&#8217;s shares, whether or not their shares are deposited with a central depositary, pursuant to compliance with their rules fortransmission of the shareholder&#8217;s voting instructions.</font></p>
<p style="margin: 8.8pt 0pt 0pt 4pt; text-align: justify; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For further information, please see the AEGM Manual available in <font style="letter-spacing: -0.1pt; line-height: inherit;">ri.ultra.com.br.</font></font></p>







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<p style="margin: 5.75pt 0pt 0pt 3.3pt; 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-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; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold;">DISTANCE VOTING<font>&nbsp;</font></font><font style="font-weight: bold; letter-spacing: -0.1pt;">BALLOT</font></font></p>
<p style="margin: 9.35pt 3.25pt 0pt 3.3pt; 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-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-size: 12pt; line-height: 11.52px; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold;">Extraordinary</font><font>&nbsp;</font><font style="font-weight: bold;">General</font><font>&nbsp;</font><font style="font-weight: bold;">Meeting</font><font>&nbsp;</font><font style="font-weight: bold;">(EGM)</font><font>&nbsp;</font><font style="font-weight: bold;">-</font><font>&nbsp;</font><font style="font-weight: bold;">ULTRAPAR</font><font>&nbsp;</font><font style="font-weight: bold;">PARTICIPACOES</font><font>&nbsp;</font><font style="font-weight: bold;">S.A.</font><font>&nbsp;</font><font style="font-weight: bold;">to</font><font>&nbsp;</font><font style="font-weight: bold;">be</font><font>&nbsp;</font><font style="font-weight: bold;">held</font><font>&nbsp;</font><font style="font-weight: bold;">on<font>&nbsp;</font></font><font style="font-weight: bold; letter-spacing: -0.1pt;">04/16/2025</font></font></p>
<p style="margin: 0px; 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-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-size: 12pt; line-height: 11.52px; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold; letter-spacing: -0.1pt;"><br></font></font></p>






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<p style="font-size: 10pt; line-height: 1.1; margin: 5.55pt 5.45pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Postal</font> <font style="font-weight: bold; line-height: inherit;">and</font> <font style="font-weight: bold; line-height: inherit;">e-mail</font> <font style="font-weight: bold; line-height: inherit;">address</font> <font style="font-weight: bold; line-height: inherit;">to</font> <font style="font-weight: bold; line-height: inherit;">send</font> <font style="font-weight: bold; line-height: inherit;">the</font> <font style="font-weight: bold; line-height: inherit;">distance</font> <font style="font-weight: bold; line-height: inherit;">voting</font> <font style="font-weight: bold; line-height: inherit;">ballot,</font> <font style="font-weight: bold; line-height: inherit;">if</font> <font style="font-weight: bold; line-height: inherit;">the</font> <font style="font-weight: bold; line-height: inherit;">shareholder</font> <font style="font-weight: bold; line-height: inherit;">chooses</font> <font style="font-weight: bold; line-height: inherit;">to deliver the document directly to the company / Instructions for meetings that allow electronic system's participation, when that is the case.</font></font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 4pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Address: Brigadeiro Lu&#237;s Ant&#244;nio avenue, 1343, 8th floor, Bela Vista, CEP (zip code) 01317-910 </font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 4pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">S&#227;o Paulo/SP &#8211; Brazil</font></p>
<p style="font-size: 11pt; line-height: 1.1; margin: 0pt 204.25pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">To the attention of the Investor Relations Department </font></p>
<p style="font-size: 11pt; line-height: 1.1; margin: 0pt 204.25pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">E-mail: invest@ultra.com.br</font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">If preferred, the shareholder may send electronic copies of this ballot and the documents to the Company&#8217;s e-mail address by April 12, 2025.</font></p>







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<p style="font-size: 10pt; line-height: 1.1; margin: 5.55pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Indication of the institution hired by the company to provide the registrar service of securities,</font> <font style="font-weight: bold; line-height: inherit;">with</font> <font style="font-weight: bold; line-height: inherit;">name,</font> <font style="font-weight: bold; line-height: inherit;">physical</font> <font style="font-weight: bold; line-height: inherit;">and</font> <font style="font-weight: bold; line-height: inherit;">electronic</font> <font style="font-weight: bold; line-height: inherit;">address,</font> <font style="font-weight: bold; line-height: inherit;">contact</font> <font style="font-weight: bold; line-height: inherit;">person</font> <font style="font-weight: bold; line-height: inherit;">and</font> <font style="font-weight: bold; line-height: inherit;">phone</font> <font style="font-weight: bold; line-height: inherit;">number</font></font></p>
<p style="line-height: 1.1; margin: 2.8pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Banco Bradesco <font style="letter-spacing: -0.25pt; line-height: inherit;">S.A</font></font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0.45pt 75.3pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Departamento de A&#231;&#245;es e Cust&#243;dia (Securities and Custody Department) </font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0.45pt 75.3pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Address: N&#250;cleo Cidade de Deus, Yellow building, 2nd floor, Vila Yara, Osasco </font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0.45pt 75.3pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">CEP (zip code) 06029-900</font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0pt 299.85pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Osasco/SP &#8211; Brazil </font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0pt 299.85pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Shareholder service channels: </font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 0pt 299.85pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Telephone: 0800 701-1616</font></p>
<p style="font-size: 11pt; line-height: 1.1; margin: 0pt 225.4pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Business days from 8:00 a.m. to 5:00 p.m (BRT) </font></p>
<p style="font-size: 11pt; line-height: 1.1; margin: 0pt 225.4pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">E-mail: dac.acecustodia@bradesco.com.br</font></p>







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<p style="line-height: 10.15pt; margin: 2.35pt 0pt 0pt 2pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Resolutions concerning the Extraordinary General Meeting </font><font style="font-weight: bold; letter-spacing: -0.1pt;">(EGM)</font></font></p>







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<p style="margin: 4.35pt 0pt 0pt 4pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">[Eligible tickers in this resolution: </font><font style="font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">UGPA3]</font></font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 7.75pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1. Ratification of the change in the number of common shares into which the Company&#8217;s capital stock is divided, due to the partial exercise of the rights conferred by the subscription warrants issued by the Company as of the approval of the merger of shares issued by Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A. by the Company by the Extraordinary General <font style="letter-spacing: -0.1pt; line-height: inherit;">Shareholders&#8217;</font></font></p>
<p style="line-height: 1.1; margin: 0pt 0pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Meeting held on January 31s t, <font style="letter-spacing: -0.2pt; line-height: inherit;">2014</font></font></p>
<p style="margin: 6.95pt 0pt 0pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0.05pt 0pt 0pt 6.75pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">[<font style="letter-spacing: 1.35pt; line-height: inherit;">&nbsp; </font>] Approve [<font style="letter-spacing: 1.4pt; line-height: inherit;">&nbsp; </font>] Reject [<font style="letter-spacing: 1.35pt; line-height: inherit;">&nbsp; </font>] <font style="letter-spacing: -0.1pt; line-height: inherit;">Abstain</font></font></p>







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<p style="margin: 4.35pt 0pt 0pt 4pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">[Eligible tickers in this resolution: </font><font style="font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">UGPA3]</font></font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 7.75pt 3.6pt 0pt 4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2. Approval of the increase in the Companys capital stock, through the capitalization of part of the profit reserves, without the issuance of new shares, with the consequent amendment of Article 5 of the Bylaws currently in force</font></p>
<p style="margin: 7.25pt 0pt 0pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 6.75pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">[<font style="letter-spacing: 1.35pt; line-height: inherit;">&nbsp; </font>] Approve [<font style="letter-spacing: 1.4pt; line-height: inherit;">&nbsp; </font>] Reject [<font style="letter-spacing: 1.35pt; line-height: inherit;">&nbsp; </font>] <font style="letter-spacing: -0.1pt; line-height: inherit;">Abstain</font></font></p>







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<p style="margin: 4.35pt 0pt 0pt 4pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">[Eligible tickers in this resolution: </font><font style="font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">UGPA3]</font></font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 7.75pt 11.9pt 0pt 4pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3. Approval of the amendment to the powers of the Companys Board of Directors, as detailed in the Management Proposal disclosed to the market on this date, with the consequent amendment of the Companys Bylaws</font></p>
<p style="margin: 7.25pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 6.75pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">[<font style="letter-spacing: 1.35pt;">&nbsp; </font>] Approve [<font style="letter-spacing: 1.4pt;">&nbsp; </font>] Reject [<font style="letter-spacing: 1.35pt;">&nbsp; </font>] <font style="letter-spacing: -0.1pt;">Abstain</font></font></p>







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<p style="margin: 4.35pt 0pt 0pt 4pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">[Eligible tickers in this resolution: </font><font style="font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">UGPA3]</font></font></p>
<p style="font-size: 10pt; line-height: 1.1; margin: 7.75pt 5.45pt 0pt 4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4. Approval of the consolidation of the Bylaws, in order to reflect the changes proposed in the items above</font></p>
<p style="margin: 7.25pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 6.75pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">[<font style="letter-spacing: 1.35pt;">&nbsp; </font>] Approve [<font style="letter-spacing: 1.4pt;">&nbsp; </font>] Reject [<font style="letter-spacing: 1.35pt;">&nbsp; </font>] <font style="letter-spacing: -0.1pt;">Abstain</font></font></p>







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<p style="margin: 5.75pt 0pt 0pt 3.3pt; 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-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-size: 13.3333px; background-color: #ffffff; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold;">DISTANCE VOTING<font>&nbsp;</font></font><font style="font-weight: bold; letter-spacing: -0.1pt;">BALLOT</font></font></p>
<p style="margin: 9.35pt 3.25pt 0pt 3.3pt; 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-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; background-color: #ffffff; font-size: 12pt; line-height: 11.52px; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold;">Extraordinary</font><font>&nbsp;</font><font style="font-weight: bold;">General</font><font>&nbsp;</font><font style="font-weight: bold;">Meeting</font><font>&nbsp;</font><font style="font-weight: bold;">(EGM)</font><font>&nbsp;</font><font style="font-weight: bold;">-</font><font>&nbsp;</font><font style="font-weight: bold;">ULTRAPAR</font><font>&nbsp;</font><font style="font-weight: bold;">PARTICIPACOES</font><font>&nbsp;</font><font style="font-weight: bold;">S.A.</font><font>&nbsp;</font><font style="font-weight: bold;">to</font><font>&nbsp;</font><font style="font-weight: bold;">be</font><font>&nbsp;</font><font style="font-weight: bold;">held</font><font>&nbsp;</font><font style="font-weight: bold;">on<font>&nbsp;</font></font><font style="font-weight: bold; letter-spacing: -0.1pt;">04/16/2025</font></font></p>
<p style="margin: 0px; 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-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; background-color: #ffffff; font-size: 12pt; line-height: 11.52px; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold; letter-spacing: -0.1pt;"><br></font></font></p>
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<td style="width: 17.825%; height: 17px; padding: 10px 1px 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;"><font style="color: #000000; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Signature</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt;">&nbsp;</font><font style="color: #000000; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">:</font></font></td>
<td style="width: 81.5209%; height: 17px; padding: 10px 1px 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br></td>

















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<td style="width: 17.825%; height: 17px; padding: 10px 1px 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;"><font style="color: #000000; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Shareholder's</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 3pt;">&nbsp;</font><font style="color: #000000; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Name</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 3pt;">&nbsp;</font><font style="color: #000000; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">:</font></font></td>
<td style="width: 81.5209%; height: 17px; padding: 10px 1px 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br></td>

















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<td style="width: 17.825%; height: 17px; padding: 10px 1px 0px; vertical-align: bottom;" valign="bottom"><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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Phone Number :</font></td>
<td style="width: 81.5209%; height: 17px; padding: 10px 1px 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br></td>

















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<p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
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<p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 14pt; font-weight: bold; line-height: inherit;">SIGNATURES</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">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: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Date: March 14, 2025</font></p>
<table style="height: 40px; width: 100%; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; border-collapse: collapse;">

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<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; 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: 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 HOLDING INC.</font></td>












































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<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;"><font><font>By: /s/ Rodrigo de Almeida&nbsp;Pizzinatto</font></font></font></p>












































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<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;"><font><font>Name: Rodrigo de Almeida&nbsp;Pizzinatto</font></font></font></p>












































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<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font><font>Title: Chief Financial and Investor Relations Officer</font></font></font></p>












































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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; line-height: inherit;"><i>(<font style="line-height: inherit; font-family: 'times new roman', times;">Shareholders&#8217; Meeting Manual, Remote voting form &#8211; Annual General Shareholders&#8217; Meeting and Remote voting form &#8211; Extraordinary Shareholders&#8217; Meeting)</font></i></font></p>
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