<SEC-DOCUMENT>0001292814-23-001499.txt : 20230413
<SEC-HEADER>0001292814-23-001499.hdr.sgml : 20230413
<ACCEPTANCE-DATETIME>20230412181632
ACCESSION NUMBER:		0001292814-23-001499
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20230630
FILED AS OF DATE:		20230413
DATE AS OF CHANGE:		20230412

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BRF S.A.
		CENTRAL INDEX KEY:			0001122491
		STANDARD INDUSTRIAL CLASSIFICATION:	MEAT PACKING PLANTS [2011]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15148
		FILM NUMBER:		23816667

	BUSINESS ADDRESS:	
		STREET 1:		1400 RUA HUNGRIA 5TH FLOOR
		STREET 2:		JARDIM EUROPA 01455 000
		CITY:			SAO PAULO SP BRAZIL
		STATE:			D5
		ZIP:			00000
		BUSINESS PHONE:		551123225061

	MAIL ADDRESS:	
		STREET 1:		8501 AV. DAS NACOES UNIDAS 1ST FLOOR
		STREET 2:		PINHEIROS 05425 070 SAO PAULO SP
		CITY:			BRAZIL
		STATE:			D5
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BRF-BRASIL FOODS S.A.
		DATE OF NAME CHANGE:	20090708

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PERDIGAO SA
		DATE OF NAME CHANGE:	20000823
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<FILENAME>brf20230412_6k3.htm
<DESCRIPTION>6-K
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; background-color: white"><FONT STYLE="font-size: 18pt"><B>FORM
6-K<BR>
U.S. SECURITIES AND EXCHANGE COMMISSION<BR>
</B></FONT><B><FONT STYLE="font-size: 10pt">Washington, D.C. 20549</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; background-color: white"><B>REPORT OF
FOREIGN PRIVATE ISSUER<BR>
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE<BR>
<FONT STYLE="text-transform: uppercase">SECURITIES EXCHANGE ACT OF 1934</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; background-color: white"><B>dated&nbsp;April
12, 2023</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; background-color: white"><B>Commission
File Number 1-15148</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; background-color: white"><FONT STYLE="font-size: 18pt"><B>BRF
S.A.<BR>
</B></FONT><FONT STYLE="font-size: 10pt">(Exact Name as Specified in its Charter)</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; background-color: white"><FONT STYLE="font-size: 10pt"><B>N/A</B><BR>
</FONT><FONT STYLE="font-size: 13.5pt">&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">(Translation of Registrant&rsquo;s
Name)</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; background-color: white"><FONT STYLE="font-size: 10pt"><B>8501,
Av. das Na&ccedil;oes Unidas, 1st Floor</B><BR>
<B>Pinheiros - 05425-070-S&atilde;o Paulo &ndash; SP, Brazil</B><BR>
</FONT><FONT STYLE="font-size: 13.5pt">&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">(Address of principal executive
offices) (Zip code)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in; background-color: white">Indicate by
check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 12pt; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">Form
20-F&nbsp;</FONT><FONT STYLE="font-family: Wingdings">x</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;
Form 40-F&nbsp;</FONT><FONT STYLE="font-family: Wingdings">o</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in; background-color: white">Indicate by
check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation&nbsp;S-T<BR>
Rule&nbsp;101(b)(1):&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in; background-color: white">Indicate by
check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation&nbsp;S-T<BR>
Rule&nbsp;101(b)(7):&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in; background-color: white">Indicate by
check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 12pt; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">Yes&nbsp;</FONT><FONT STYLE="font-family: Wingdings">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;
No&nbsp;</FONT><FONT STYLE="font-family: Wingdings">x</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in; background-color: white">If &ldquo;Yes&rdquo;
is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):&nbsp;Not applicable.</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white">&nbsp;</P>



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

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; background-color: white">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in; background-color: white">This material
includes certain forward-looking statements that are based principally on current expectations and on projections of future events
and financial trends that currently affect or might affect the Company&rsquo;s business, and are not guarantees of future performance.&nbsp;
These forward-looking statements are based on management&rsquo;s expectations, which involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, many of which are beyond the Company&rsquo;s control and any of which could
cause actual financial condition and results of operations to differ materially fom those set out in the Company&rsquo;s forward-looking
statements.&nbsp; You are cautioned not to put undue reliance on such forward-looking statements.&nbsp; The Company undertakes
no obligation, and expressly disclaims any obligation, to update or revise any forward-looking statements.&nbsp; The risks and
uncertainties relating to the forward-looking statements in this Report on Form 6-K, including Exhibit 1 hereto, include those
described under the captions &ldquo;Forward-Looking Statements&rdquo; and &ldquo;Item 3. Key Information &mdash; D. Risk Factors&rdquo;
in the Company&rsquo;s annual report on Form 20-F for the year ended December 31, 2012.</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white">&nbsp;</P>



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

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


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<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; background-color: white">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in; background-color: white">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf
by the undersigned, thereunto duly authorized.</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date:&nbsp;April&nbsp;12, 2023</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 0.7pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.7pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 0.7pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.7pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 0.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BRF S.A.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.7pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 0.7pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.7pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 0.7pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 0.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Fabio Luis Mendes Mariano</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 42%; padding-right: 0.7pt">&nbsp;</TD>
    <TD STYLE="width: 3%; padding-right: 0.7pt">&nbsp;</TD>
    <TD STYLE="width: 7%; padding-right: 0.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: </FONT></TD>
    <TD STYLE="width: 48%; padding-right: 0.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Fabio Luis Mendes Mariano</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.7pt">&nbsp;</TD>
    <TD STYLE="padding-right: -9.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: </FONT></TD>
    <TD STYLE="padding-right: 0.7pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Chief Financial and Investor Relations Officer</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white">&nbsp;</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white">&nbsp;</P>




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

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


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<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; background-color: white"><B>EXHIBIT INDEX</B></P>

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    <TD STYLE="width: 16%; border-bottom: Black 1pt solid; padding-right: 0.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit</B></FONT></TD>
    <TD STYLE="width: 84%; border-bottom: Black 1pt solid; padding-right: 0.7pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Description of Exhibit</B></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.7pt; padding-bottom: 6pt"><A HREF="ex99-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1</FONT></A></TD>
    <TD STYLE="padding-right: 0.7pt; padding-bottom: 6pt"><A HREF="ex99-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MINUTES OF THE ORDINARY AND EXTRAORDINARY GENERAL SHAREHOLDERS&rsquo; MEETING HELD ON APRIL 12, 2023</FONT></A></TD></TR>
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<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 4.2pt 61.5pt 0 61.1pt; text-align: center">BRF S.A.</P>

<P STYLE="text-align: center; font: 10pt/130% Arial MT; margin-top: 3.65pt; margin-bottom: 0">Publicly Held Company <FONT STYLE="letter-spacing: -0.1pt"></FONT></P>

<P STYLE="font: 10pt/130% Arial MT; text-align: center; margin-top: 3.65pt; margin-bottom: 0"><FONT STYLE="letter-spacing: -0.1pt">CNPJ
No. 01.838.723/0001-27</FONT></P>

<P STYLE="text-align: center; font: 10pt Arial MT; margin-top: 0.1pt; margin-bottom: 0"><FONT STYLE="letter-spacing: -0.05pt">NIRE 42.300.034.240</FONT></P>

<P STYLE="font: 11pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt/130% Arial, Helvetica, Sans-Serif; margin: 8.3pt 61.9pt 0 61.1pt; text-align: center">MINUTES OF THE ORDINARY
AND EXTRAORDINARY GENERAL SHAREHOLDERS&#8217; MEETING HELD ON APRIL 12, 2023</P>

<P STYLE="font: 13pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 0 0 172.45pt; text-indent: -151.7pt">(Drawn-up as a summary, as required by article 130,
paragraph 1, of Law No. 6,404, of December 15, 1976)</P>

<P STYLE="font: 11pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 15pt Arial MT; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>1.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><U>Date, Time and Place</U></FONT></B><FONT STYLE="font-size: 10pt">:
Held on April 12, 2023, at 11:00 a.m., the Meeting was held exclusively under virtual format, pursuant to article 124, paragraph 2-A of
Law No. 6,404/1976 c/w article 5, paragraph 2, item I of CVM Instruction No. 81/2022, and it shall be considered that it took place at
BRF S.A.&#8217;s (&#8220;<U>BRF</U>&#8221; or the &#8220;<U>Company</U>&#8221;) headquarters in <FONT STYLE="letter-spacing: -0.05pt">the
City of Itaja&iacute;, State of Santa Catarina, Jorge Tzachel Street,</FONT> 475, Bairro Fazenda, as provided in article 5, paragraph
3, of CVM Instruction No. 81/2022.</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.3pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>2.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><U>Call Notice and Publications</U></FONT></B><FONT STYLE="font-size: 10pt">:
The General Shareholders&#8217; Meeting was convened according to the call notice published in the newspaper <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Valor
Econ&ocirc;mico</B></FONT> (March 08, 09 and 10, 2023, on pages C5, B3 and B9, respectively), in accordance with the provisions of article
124 of Law No. 6,404/1976, with the wording as determined by Law No. 14,195, of 2021, c/w article 289 of Law No. 6,404/1976, with the
wording as determined by Law No. 13,818/2019. Publication of the Notice provided for in article 133 of Law No. 6,404/1976 was waived,
since the documents mentioned in that article were published more than one month before the date of the Ordinary General Shareholders&#8217;
Meeting, as permitted by paragraph 5 of article 133 of Law No. 6,404/1976. The Management Report, the Financial Statements and the respective
Explanatory Notes and the Independent Auditors&#8217; Report and the Fiscal Council&#8217;s Opinion were published on March 8, 2023 in
the newspaper <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Valor Econ&ocirc;mico</B></FONT> (pages F33 to F44), in accordance
with the provisions of article 133, paragraph 3, of Law No. 6,404/1976 with the wording as determined by Law No. 10,303/2001, c/w article
289 of Law No. 6,404/1976, with the wording as determined by Law No. 13,818/2019.</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>3.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><U>Attendance</U>:</FONT></B> <FONT STYLE="font-size: 10pt">The
works were initiated with the presence of shareholders representing 71,51% (seventy-one point fifty-one percent) of the voting capital
stock of the Company, as verified by the information contained in the analytical maps prepared by the bookkeeping agent and by the Company,
pursuant to article 48, items I and II, of CVM Instruction No. 81/2022, and the records of the electronic system of distance attendance
made available by the Company, pursuant to article 47 of CVM Instruction No. 81/2022. Thus, the existence of a legal quorum for the holding
of the General Shareholders&#8217; Meeting was confirmed. Also present, in accordance with the provisions </FONT></P>

<P STYLE="font: 10pt/130% Arial MT; margin: 4.2pt 20.5pt 0 19.8pt; text-align: justify">of articles 134, paragraph 1, and article 164
of Law No. 6,404/1976, and in accordance with the provisions of article 28, paragraph 5, of CVM Instruction No. 81/2022: (i) the Coordinator
of the Audit and Integrity Committee and Vice-President of the Board of Directors, Mr. Augusto Marques da Cruz Filho; (ii) the Chairman
of the Fiscal Council, Mr. Attilio Guaspari; (iii) the Chief Financial and Investor Relations Officer, Mr. Fabio Luis Mendes Mariano;
(iv) the representative of the ADR depositary bank, Mrs. L&iacute;via Prado,</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.6pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(v)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the representative of KPMG Auditores Independentes, Mr. Fabian Junqueira; and (vi) the representative
of Precis&atilde;o-i, who was responsible for the services of counting of votes for the General Meeting, Mr. Rodrigo Magalh&atilde;es
Duarte Marques.</FONT></P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt"></FONT></P>


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<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>4.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><U>Board</U></FONT></B><FONT STYLE="font-size: 10pt">:
Chairman: Augusto Marques da Cruz Filho; Secretary: Marcus de Freitas Henriques.</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.1pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>5.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><U>Agenda</U></FONT></B><FONT STYLE="font-size: 10pt">:
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>At the Ordinary General Shareholders&#8217; Meeting: </B></FONT>(i) To take
the Management&#8217;s accounts, examine, discuss and vote on the Management Report, the Financial Statements and other documents related
to the fiscal year ended on December 31, 2022; (ii) To set the annual global compensation of the Company's management for the fiscal year
2023; (iii) To elect the members of the Fiscal Council; and (iv) To set the compensation of the members of the Fiscal Council for the
fiscal year 2023. <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>At the Extraordinary General Shareholders&#8217; Meeting:</B></FONT>
(i) To resolve on the following amendments to the Company's Bylaws, as detailed in a draft with revision marks contained in the Management
Proposal disclosed to the market: (a) Amend article 3 of the Company's Bylaws to include the activities of &quot;intermediation and agency
services <FONT STYLE="letter-spacing: -0.05pt">and business</FONT> in general, except real estate&quot; and &quot;provision of administrative
services to third parties&quot; in the Company's corporate purpose; (b) Amend article 33, paragraph 2 of the Company's Bylaws to expressly
provide that the same member of the Audit and Integrity Committee may accumulate the characteristics of financial expert and independent
advisor, pursuant to article 22, item V, letter 'c', of the Novo Mercado Regulations of B3; (c) Amend article 33, paragraph 7 of the Company's
Bylaws to provide that the duties and activities of the Coordinator of the Audit and Integrity Committee shall be defined in the body's
internal regulations, pursuant to article 22, item III, of the B3 New Market Regulation; (ii) Consolidate the Company's Bylaws with the
approved changes.</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>6.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><U>Preliminary
Procedures</U>: </FONT></B><FONT STYLE="font-size: 10pt">Before starting the works, the Secretary of the Meeting provided
clarifications regarding the operation of the electronic attendance system made available by the Company and the form of
manifestation of shareholders who remotely attended the Meeting, as well as informed that (i) the works of the Meeting would be
recorded, provided that the copy of such recording will be filed at the Company&#8217;s headquarters; (ii) any new documents
eventually presented during the Meeting, which have not yet been made publicly available by the Company, could be viewed
simultaneously by all remote participants; and (iii) the electronic system for attendance in the Meeting allowed shareholders to
manifest themselves on the matters of the agenda and to speak to each other and to the Board. The Secretary also inquired whether any of the shareholders present had submitted
a manifestation of vote by means of a distance voting form and wished to express their vote at the present Meeting, so that the guidance
received by means of the distance voting form would be disregarded, as provided for in article 28, paragraph 2, item II of CVM Resolution
No. 81/2022. Finally, the shareholders dismissed the reading of the summary Voting Map consolidating the information provided in the analytical
voting maps provided by the bookkeeping agent and by the Company itself, since such document was disclosed to the market by the Company
on April 11, 2023, and the Secretary informed that all shareholders could have access to such Voting Map, including during the Meeting.</FONT></P>


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<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

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<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 33.45pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>7.</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.05pt"><B><U>Deliberations
Approved</U></B></FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.05pt">:</FONT></TD></TR></TABLE>

<P STYLE="font: 11.5pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 5pt 20.45pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>7.1.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT STYLE="font-size: 10pt">Initially, it was approved, by unanimous votes of the attending shareholders, the drawing up
of the minutes of this Meeting in the form of a summary of the facts occurred, containing only the transcription of the deliberations
taken, and that its publication be made with the omission of the signatures of the shareholders, as provided in paragraphs 1 and 2 of
article 130 of Law No. 6,404/1976.</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 33.4pt"><FONT STYLE="letter-spacing: -0.1pt">7.2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="letter-spacing: -0.05pt">At the Ordinary</FONT> General Shareholders&#8217; Meeting</TD></TR></TABLE>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0.2pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify; text-indent: 33.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.2pt"><B>7.2.1.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.2pt">&nbsp;&nbsp;&nbsp;
</FONT></B><FONT STYLE="font-size: 10pt">Approved, without reservations, by majority of votes of the present shareholders, with 623.646.022
favorable votes, 560.273 contrary votes and 146.739.288 abstentions, including the abstentions of the shareholders legally prevented,
the management accounts and the financial statements of the Company related to the fiscal year ended on December 31, 2022, together with
the management report, the explanatory notes, the report of the independent auditors, the opinion of the Fiscal Council, the summarized
annual report of the Audit and Integrity Committee and the comments of the Managers on the financial situation of the Company.</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify; text-indent: 33.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.2pt"><B>7.2.2.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.2pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT STYLE="font-size: 10pt">Approved, by majority of votes of the present shareholders, with <FONT STYLE="letter-spacing: -0.05pt">502.093.510
favorable votes, 149.038.503 contrary votes and 119.813.570 abstentions,</FONT> the setting of the annual global compensation referred
to the fiscal year of 2023 to the members of the Board of Directors and the Board of Officers, in an amount corresponding to BRL 109,898,000.00
(one hundred nine million and eight hundred ninety eight thousand reais), which refers to the proposed limit for fixed compensation (salary
or retainer, direct and indirect benefits, and social charges) and benefits resulting from termination of employment, as well as variable
compensation (profit sharing) and amounts related to the Company's Stock Option Plan and/or Restricted Stock Grant Plan. Additionally,
the shareholder Caixa de Previd&ecirc;ncia dos Funcion&aacute;rios do Banco do Brasil has stated that the company should reinforce its
alignment goals with shareholders (such as TSR - Total Shareholders Return), in order to resume asset valuation and the payment of dividends.</FONT></P>


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<P STYLE="font: 11pt/130% Arial MT; margin: 4.2pt 20.15pt 0 19.8pt; text-align: justify; text-indent: 33.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>7.2.3</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT></B> <FONT STYLE="font-size: 10pt">Approved the election of the members, effective and alternate, of the Fiscal Council, with a
term of office until the Ordinary General Shareholders&#8217; Meeting to be held in the fiscal year of 2024: <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>(i)
</B></FONT>as effective member, Mr. <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Attilio Guaspari</B></FONT>, Brazilian
citizen, married, engineer, holder of Identity Card No. 2.816.288 SSP/SP, enrolled in CPF under n&deg; 610.204.868-72, with commercial
address in the City of S&atilde;o Paulo, State of S&atilde;o Paulo, at Na&ccedil;&otilde;es Unidas Avenue, 14.401, 24<SUP>th</SUP> floor,
Ch&aacute;cara Santo Antonio, Zip Code No. 04730-090, and, as his alternate, Mr. <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Marcus
Vinicius Dias Severini</B></FONT>, Brazilian citizen, married, accountant and electrical engineer, holder of Identity Card No. 81.119.427-3
IPF/RJ, enrolled in CPF under n&deg; 632.856.067-20, with commercial address in the City of Rio de Janeiro, State of Rio de Janeiro, at
Antonio Salema Street, 68, Vila Isabel, Zip Code No. 20.541-070, considering these candidates received 637.181.252 favorable votes; <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>(ii)
</B></FONT>as an effective member, Mr. <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Bernardo Szpigel</B></FONT>, Brazilian,
divorced, engineer, enrolled in the CPF/MF under no. 069.291.337-87, holder of Identity Card no. 02.397.570-9, issued by IFP/RJ, with
business address at Rua Jo&atilde;o Moura, 635, cj. 44, office 01, City and State of S&atilde;o Paulo, Zip Code 05.412-001, and, as his
alternate, Mr. <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Valdecyr Maciel Gomes</B></FONT>, Brazilian, married, attorney,
enrolled in the CPF/MF under No. 718.224.887-53, bearer of the Identity Card OAB/RJ No. 58.303, with business address at Rua Miguel de
Frias, 77, bloco 3, apto. 601, Icara&iacute;, City of Niter&oacute;i, State of Rio de Janeiro, Zip Code 24. 220-901, and such candidates
received 651.005.373 favorable votes; and (iii) as effective member, Mr. <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Marco
Ant&ocirc;nio Peixoto <FONT STYLE="letter-spacing: -0.05pt">Sim&otilde;es Velozo</FONT></B></FONT><FONT STYLE="letter-spacing: -0.05pt">,
Brazilian, divorced, economist and accountant, enrolled</FONT> in the CPF/MF under no. 942.753. 277-72, enrolled in the CRC/RJ under no.
093.788/O-6, resident and domiciled at Rua Miguel Pereira, 54, Humait&aacute;, City and State of Rio de Janeiro, CEP 22261-090 and, as
his alternate, Mr. <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Luis Fernando Prud&ecirc;ncio Velasco</B></FONT>, Brazilian,
divorced, engineer, enrolled in the CPF/MF under no. 099. 493.558-77, bearer of the Identity Card RG n&deg; 13055135, issued by SSP/SP,
resident and domiciled at Rua Jos&eacute; Morano, 538, City of Campinas, State of S&atilde;o Paulo, CEP 13100-055, and such candidates
received 651.018.121 favorable votes. It is hereby recorded that the members elected to the Fiscal Council were the only candidates presented
for the election held at this General Meeting.</FONT></P>

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<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify; text-indent: 33.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>7.2.4</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT></B><FONT STYLE="font-size: 10pt; letter-spacing: -0.05pt">The shareholders</FONT> <FONT STYLE="font-size: 10pt">were informed
that the fiscal council members elected in the present Meeting are able to sign, without reservations, the declaration mentioned in <FONT STYLE="letter-spacing: -0.05pt">article</FONT>
147, paragraph 4, of Law 6,404/1976, and that the investiture of the elected fiscal council members is conditioned to: (i) signature of
the term of office, drawn up in the Company's own book; and (ii) effective signature of the aforementioned declaration.</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify; text-indent: 33.35pt"><FONT STYLE="font-size: 10pt"><B>7.2.5</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp; </FONT></B><FONT STYLE="font-size: 10pt">Approved,
by majority vote of the shareholders present, with 649.331.645 votes in favor, 689.756 votes against and 120.924.182 abstentions,
the setting of the compensation of the effective members of the Company's Fiscal Council for the fiscal year 2023 in an amount
corresponding to 10% (ten percent) of the average value of the compensation attributed to the Company's Officers (not computing
benefits, representation allowances and profit sharing), under the terms of paragraph 3 of article 162 of Law no. 6. 404/1976, considering the maximum amount of R$ 877,000.00
(eight hundred and seventy-seven thousand reais).</FONT></P>


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<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 33.4pt"><FONT STYLE="letter-spacing: -0.1pt">7.3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="letter-spacing: -0.05pt">At the Extraordinary General Shareholders&#8217;</FONT> Meeting</TD></TR></TABLE>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0.2pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.25pt 0 19.8pt; text-align: justify; text-indent: 33.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.2pt"><B>7.3.1.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.2pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><FONT STYLE="font-size: 10pt">Approved, by majority vote of the shareholders present, <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>(a)</B></FONT>
with 651.276.232 votes in favor, 308.685 votes against and 119.406.036 abstentions, the amendment of Article 3 of the Bylaws; <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>(b)
</B></FONT>with 651.166.617 votes in favor, 424.976 votes against and 119.399.360 abstentions, the amendment of Article 33, paragraph
2, of the Bylaws; <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>(c) </B></FONT>with 651.168.936 votes in favor, 496.644 votes
against and 119.325.373 abstentions, the amendment of article 33, paragraph 7, of the Bylaws, pursuant to the Management Proposal disclosed
to the market. In view of this, the statutory provisions shall have the following wording:</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial, Helvetica, Sans-Serif; margin: 0 8.35pt 0 53.65pt"><I>&quot;<B>Article 3.</B> Constituting the Company's
main corporate purpose is the exercise of the following activities, in national territory or abroad:</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.2pt 0 0 53.65pt"><I>(...)</I></P>

<P STYLE="font: 11pt/130% Arial MT; margin: 3.5pt 20.55pt 0 53.65pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.15pt"><I>(xiv)</I></FONT><I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">intermediation and agency services and business in general,
except real estate; and</FONT></I></P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0.25pt 132.15pt 0 53.65pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.15pt"><I>(xv)</I></FONT><I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.05pt">rendering</FONT></I><I> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">of
administrative services to third parties. (...)</FONT></I></P>

<P STYLE="font: 10pt/130% Arial, Helvetica, Sans-Serif; margin: 0.1pt 20.45pt 0 53.65pt; text-align: justify"><B><I>Article 33 </I></B><I>(...)
Paragraph 2 - At least one of the members of the Audit and Integrity Committee shall have proven knowledge in the areas of corporate accounting,
auditing, and finance, which characterizes him/her as a financial <FONT STYLE="letter-spacing: -0.05pt">expert. The same member of the
Audit and Integrity</FONT> Committee may accumulate the characteristics of financial expert and independent board member.</I></P>

<P STYLE="font: 10pt/11.4pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 53.65pt"><I>(...)</I></P>

<P STYLE="font: 10pt/130% Arial, Helvetica, Sans-Serif; margin: 3.5pt 20.4pt 0 53.65pt; text-align: justify"><I>Paragraph 7 - The internal
regulation of the Audit and Integrity Committee shall be approved by the Board of Directors and shall describe in detail its duties, as
<FONT STYLE="letter-spacing: -0.05pt">well as its operating procedures. The internal regulation of the Audit and</FONT> Integrity Committee
shall also define the duties and activities of the body's Coordinator.</I></P>

<P STYLE="font: 13pt Arial, Helvetica, Sans-Serif; margin: 0"><I>&nbsp;</I></P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0.05pt 20.45pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.2pt"><B>7.3.2.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.2pt">&nbsp;
</FONT></B><FONT STYLE="font-size: 10pt">Approved, by majority vote of the shareholders present, with 651.179.479 votes in favor, 471.298
votes against and 119.340.176 abstentions, the consolidation of the Company's Bylaws, which shall take effect with the wording that integrates
these Minutes as its Attachment I.</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.3pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>8.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><U>Distance Voting</U>: </FONT></B><FONT STYLE="font-size: 10pt">The
Company registers the receipt of distance voting forms for the present Meeting, which were fully counted as stated in the voting maps
prepared by the bookkeeping agent and by the Company itself, pursuant to Article 48, items I and II, of CVM Resolution No. 81/2022, and
these voting maps are filed at the Company&#8217;s headquarters.</FONT></P>


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<P STYLE="font: 11pt/130% Arial MT; margin: 4.2pt 20.2pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>9.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><U>Documents filed at the Company</U>: </FONT></B><FONT STYLE="font-size: 10pt">(i)
Call Notice; (ii) Financial Statements referring to the fiscal year ended on December 31, 2022, accompanied by the management report,
the explanatory notes, the report of the independent auditors, the opinion of the Fiscal Council, the annual summary report of the Audit
and Integrity Committee and Management&#8217;s comments on the Company&#8217;s financial situation; (iii) Powers-of-attorney and representation
documents presented by the present shareholders; and (iv) Voting maps prepared by the bookkeeping agent and the Company itself.</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0.05pt 20.35pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>10.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><U>Closing</U>: </FONT></B><FONT STYLE="font-size: 10pt">There
being no further matters to be discussed, the meeting was suspended for the drawing up of the Minutes containing the summary of the facts
occurred, which, after being approved, were signed by the members of the Presiding Board, and the shareholders who attended the present
Meeting through the electronic system made available by the Company had their presence registered by the members of the Presiding Board
and are considered to be subscribers to said minutes, pursuant to article 47, paragraphs 1 and 2, of CVM Resolution No. 81/2022.</FONT></P>

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<P STYLE="font: 10pt Arial MT; margin: 0 61.75pt 0 61.1pt; text-align: center">Itaja&iacute; (SC), April 12, 2023.</P>

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<P STYLE="font: 10pt Arial MT; margin: 7.05pt 0 0 24.75pt"><U>Steering board:</U></P>

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  <TD STYLE="border: Black 1pt solid; width: 50%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 2.65pt 0 0 4.9pt"><B>Augusto Marques da Cruz Filho</B></P>

<P STYLE="font: 10pt Arial MT; margin: 3.65pt 0 0 4.9pt">Presidente</P>
</TD>
  <TD STYLE="border: Black 1pt solid; width: 50%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 2.65pt 0 0 4.9pt"><FONT STYLE="letter-spacing: -0.05pt"><B>Marcus</B></FONT><B>
de Freitas Henriques</B></P>

<P STYLE="font: 10pt Arial MT; margin: 3.65pt 0 0 4.9pt">Secret&aacute;rio</P>
</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Arial MT; margin: 0 0 0 19.8pt"><FONT STYLE="letter-spacing: -0.05pt"><U>Shareholders</U></FONT><U> Present:</U></P>

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<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 5.05pt 0 0 19.8pt"><B>ADR</B></P>

<P STYLE="font: 9pt Arial MT; margin: 0.45pt 0 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Representative:</B></FONT>
Livia Prado (CPF: 334.825.138-99)</P>

<P STYLE="font: 9pt Arial MT; margin: 0.45pt 0 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Representative
of:</B></FONT> the Bank of New York ADR Department</P>

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<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 19.8pt"><B>Alves Ferreira e Mesquita</B></P>

<P STYLE="font: 9pt Arial MT; margin: 0.45pt 0 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Representative:</B></FONT>
Livia Prado (CPF: 334.825.138-99)</P>

<P STYLE="font: 9pt/105% Arial MT; margin: 0.45pt 20.5pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Representative
of: </B></FONT>Amundi Index Solutions; IT Now Ibovespa Fundo de &Iacute;ndice; IT Now Igct Fundo de &Iacute;ndice; IT Now Ise Fundo de
&Iacute;ndice; IT Now Pibb Ibrx-50 Fundo de &Iacute;ndice; IT Now Small Caps Fundo de &Iacute;ndice; Ita&uacute; A&ccedil;&otilde;es Dividendos
FI; Ita&uacute; Caixa A&ccedil;&otilde;es - Fundo de Investimento; Ita&uacute; Excelencia Social A&ccedil;&otilde;es FI; Ita&uacute; Ftse
Rafi Brazil 50 Capped Index FIA; Ita&uacute; Governanca Corporativa A&ccedil;&otilde;es - Fundo de Investimento; Ita&uacute; Ibovespa
Ativo Master FIA; Ita&uacute; IBrX Ativo Master FIA; Ita&uacute; Index A&ccedil;&otilde;es Ibovespa - Fundo de Investimento; Ita&uacute;
Index A&ccedil;&otilde;es IBrX - Fundo de Investimento; Ita&uacute; Long and Short Plus Multimercado FI; Ita&uacute; Previd&ecirc;ncia
IBrX FIA; Ita&uacute; Quantamental Gems Master A&ccedil;&otilde;es Fundo de Investiment; Ita&uacute; Small Cap Master Fundo de Investimento
em A&ccedil;&otilde;es; e Most Diversified Portfolio Sicav</P>

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<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 0 0 19.8pt"><B>BRF PREVID&Ecirc;NCIA</B></P>

<P STYLE="font: 9pt Arial MT; margin: 0.45pt 0 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Representative:</B></FONT>
Mateus Boeira Garcia (CPF: 018.134.240-55)</P>

<P STYLE="font: 9pt Arial MT; margin: 0.45pt 0 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Representative
of:</B></FONT> Plano Beneficios II; Plano de Beneficios Faf; e Plano de Beneficios III</P>

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<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 19.8pt"><B>MARFRIG E COLORADO</B></P>

<P STYLE="font: 9pt/103% Arial MT; margin: 0.45pt 20.4pt 0 19.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Representative:</B></FONT>
Heraldo Geres (CPF: 119.691.688-89); e Ricardo Rocha (CPF: 020.990.844- 08)</P>


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<P STYLE="font: 9pt Arial MT; margin: 3.9pt 0 0 19.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Representative of:</B></FONT>
Marfrig Global Foods S.A; e O3 Master FIA</P>

<P STYLE="font: 9pt/22pt Arial, Helvetica, Sans-Serif; margin: 0.1pt 177.75pt 0 19.8pt"><B>MILTON ANDRE LEITE RIBEIRO (CPF: 818.954.378-49)
PETROS</B></P>

<P STYLE="font: 9pt Arial MT; margin: 0.65pt 0 0 19.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Representative:</B></FONT>
Fernando Vieira Werneck (CPF: 053.963.207-45)</P>

<P STYLE="font: 9pt Arial MT; margin: 0.45pt 0 0 19.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Representative of:</B></FONT>
Fundacao Petrobras de Seguridade Social-petros</P>

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<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 19.8pt"><B>PREVI</B></P>

<P STYLE="font: 9pt/105% Arial MT; margin: 0.45pt 23.8pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Representative:</B></FONT>
Carla Esteves (CPF: 078.831.977-97); Claudia Lorenzoni (CPF: 873.723.049- 20); e Marcos Paulo Felix (CPF: 175.526.448-85)</P>

<P STYLE="font: 9pt/10.15pt Arial MT; margin: 0 0 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Representative
of:</B></FONT> Caixa de Previd. dos Func. do Banco do Brasil</P>

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<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 0 0 19.8pt"><B>THALES DE CARVALHO NASCIMENTO (CPF: 065.239.823-51)</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 9.5pt Arial, Helvetica, Sans-Serif; margin: 0.1pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 19.8pt"><B>Distance Voting Bulletins sent directly to the Company</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.2pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 9pt/103% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify">Arx Extra Master FIM; Arx Income Icatu Previd&ecirc;ncia
FIM; Arx Income Master Fundo de Investimento em A&ccedil;&otilde;es; Arx Income Previd&ecirc;ncia Master Fundo de Investimento em A&ccedil;&otilde;es;
Arx Long Term Master FIA; Arx Macro Master FIM; Arx Target Icatu Previd&ecirc;ncia Fundo de Investimento Multimerc; Bny Mellon Global
Funds Plc - Bny Mellon Brazil Equity Fund; Bruno Machado Ferla; Clube de Investimento dos Empregados da Vale Investvale; FIA Guaxe Master;
FP Arx Total Return Fundo de Investimento em A&ccedil;&otilde;es; Jose Roberto Conceicao Rosete Goncalves; Kapitalo Alpha Global Master
FIM; Kapitalo K10 Master Fundo de Investimento <FONT STYLE="letter-spacing: -0.05pt">Multimercado;</FONT> Kapitalo K10 Previd&deg;ncia
Master FI; Kapitalo Kappa Previd&ecirc;ncia Master Fundo de Investimento Mult; Kapitalo Master I Fundo de Investimento Multimercado; Kapitalo
Master II Fundo de Investimento Multimercado; Kapitalo Master V FI Multimercado; Kapitalo Sigma LLC - Bem - Distribuidora de Titulos e
Valore; Kapitalo Tarkus Master FI em A&ccedil;&otilde;es; Kapitalo Zeta Master Fundo de Investimento em A&ccedil;&otilde;es; KB Brazil
Equity Fund; Leblon Ita&uacute; Prev Fife FIA; Manoel Reinaldo Manzano Martins Junior; Miguel de Souza Gularte; e Modena Institucional
Fundo de Investimento de A&ccedil;&otilde;es</P>

<P STYLE="font: 10pt Arial MT; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 19.8pt"><B>Distance Voting Bulletins sent to the Bookkeeping Agent</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 9.5pt Arial, Helvetica, Sans-Serif; margin: 0.1pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 9pt/103% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify">Alaska Permanent Fund; American Heart Association,
Inc.; Arero - Der Weltfonds -nachhaltig; Ataulfo LLC; Aviva I Investment Funds Icvc - Aviva I International I T F; Barclays Multi-manager
Fund Public Limited Company; Barra Fundo de Investimento em A&ccedil;&otilde;es; Blackrock Balanced Capital Fund, Inc.; Blackrock Balanced
Capital Portfolio of Blackrock Series Fun; Blackrock Life Limited - DC Overseas Equity Fund; Blackrock Strategic Funds - Blackrock Emerging
Markets e S F; Bmo Msci Emerging Markets Index ETF; Bureau of Labor Funds - Labor Pension Fund; Bureau of Labor Funds - Labor Retirement
Fund; Caisse de Depot ET Placement DU Quebec; California Public Employees Retirement System; Ccl Q International Small Cap Equity Fund;
CF Diverse Equity Opportunities, LLC; Chang Hwa CO Bank, Ltd IN Its C as M Cust of N B Fund; Chevron UK Pension Plan; Cititrust Ltd A
T Vang Fds S - Vanguard Moderate Growth Fund; Cititrust Ltd A T Vanguard Fds Series Vanguard Income Fund; City of Los Angeles Fire and
Police Pension Plan; City of New York Group Trust; Claritas Long Short Master Fundo Investimento Multimercado; Claritas Quant Master FIM;
College Retirement Equities Fund; Commonwealth Global Share Fund 30; Custody B. of J. Ltd. Re: Stb D. e. e. F. I. M. F.; Custody Bank
of Japan, Ltd. as TR F Hsbc Brazil New MO Fund; Dela Depositary Asset Management B.V.; Desjardins RI Emerging Markets - Low Co2 Index
ETF; Deutsche Asset Management S.A. for Arero - Der Wel; Dimensional Emerging Core Equity Market ETF of Dim; Dimensional Emerging Mkts
Value Fund; Eaton Vance Int (ir) F Plc-eaton V Int (ir) Par em Mkt Fund; Emer Mkts Core EQ Port Dfa Invest Dimens Grou; Emerging Markets
EX China Alpha Tilts - Enhanced Fund; Emerging Markets Small Capit Equity Index Non-lendable Fund; Emerging Markets Small Capitalization
Equity Index Fund; <FONT STYLE="letter-spacing: -0.05pt">Emerging</FONT> Markets Small Capitalization Equity Index Fund B; Employees Ret
System of the State of Hawaii; Evtc Cit Fof Ebp-evtc Parametric Sem Core Equity Fund TR; Fidelity Concord Street Trust: Fidelity Zero
Int. Index Fund; Fidelity Salem Street T: Fidelity Total Inte Index Fund; Flexshares Morningstar Emerging Markets Factor Tilt Index F;
Ford Motor CO Defined Benef Master Trust; Ford Motor Company of Canada, L Pension Trust; Franklin Libertyqt Emerging</P>


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<P STYLE="font: 9pt/103% Arial MT; margin: 3.9pt 20.4pt 0 19.8pt; text-align: justify">Markets Index ETF; Franklin Libertyshares Icav;
Franklin Templeton ETF Trust - Franklin Ftse Brazi; Franklin Templeton ETF Trust - Franklin Ftse Latin; Fundamental Low V I e M Equity;
Global All Cap Alpha Tilts Fund; Global Ex-us Alpha Tilts Fund; Global Ex-us Alpha Tilts Fund B; Goldman Sachs ETF Trust - Goldman Sachs
Emerging M; Hsbc Bank Plc as Trustee of State Street Aut Emerg; Ibm 401 (k) Plus Plan; International Monetary Fund; Invesco Markets III
Plc - Inv Ftse RI Emerging Mark U ETF; Invesco Purebetasm Ftse Emerging Markets ETF; Invesco Rafi Fundamental Global Index Trust; Ishares
Core Msci Emerging Markets ETF; Ishares Core Msci Emerging Markets Imi Index ETF; Ishares Core Msci Total International Stock ETF; Ishares
Emerging Markets Fundamental Index ETF; Ishares Emerging Markets Imi Equity Index Fund; Ishares III Public Limited Company; Ishares IV
Public Limited Company; Ishares Msci Brazil Small Cap ETF; Ishares Msci Emerging Markets Small Cap ETF; Ishares Public Limited Company;
Ivesco Ftse Rafi Emerging Markets ETF; John Hancock Funds II Emerging Markets Fund; John Hancock Variable Ins Trust Emerging Markets Value
Trust; Kaiser Foundation Hospitals; Kaiser Permanente Group Trust; Laerernes Pension Forsikringsaktieselskab; Leblon 70 Brasilprev Fundo
de Investimento Multimercado Fife; Leblon A&ccedil;&otilde;es I Master FIA; Leblon A&ccedil;&otilde;es II Master FIA; Leblon Equities
Institucional I Fundo de Investimento de Aco; Leblon Icatu Previd&ecirc;ncia FIM; Leblon Prev FIM Fife; Legal &amp; General Future World
Esg Emerging Markets; Legal &amp; General Icav; Legal &amp; General International Index Trust; Legal and General Assurance Pensions Mng
Ltd; Legal and General Assurance Society Limited; Legal General Global Emerging Markets Index Fund; Legal General Global Equity Index
Fund; Legal General Scientific Beta Emerging Markets Fund, LLC; Lockheed Martin Corp Defined Contribution Plans Master Trust; Lockheed
Martin Corp Master Retirement Trust; Los Angeles County Employees Ret Association; Managed Pension Funds Limited; Mercer Private Wealth
International Focused Equity Pool; Mercer Qif Fund Plc; Mercer Ucits Common Contractual Fund; Metis Equity Trust; Ministry of Economy
and Finance; Mip Active Stock Master Portfolio; Msci Acwi Ex-u.S. Imi Index Fund B2; National Council for Social Security Fund; Navarro
1 Fund LLC; New York State Common Retirement Fund; Norges Bank; Northern Trust Collective Eafe Small Cap Index Fund-non Lend; Northern
Trust Collective Emerging Markets EX Chin; Ntgi-qm Common Dac World Ex-us Investable Mif - Lending; Parametric Emerging Markets Fund;
Parametric Tmemc Fund, LP; People S Bank of China; Pimco Equity Series: Pimco Rafi Dynamic Multi-factor Emergin; Pub Institutional Fund
Umbrella-pub Equities Emer Markets 1; Public Employees Retirement Association of New Mex; Public Employees Retirement System of Ohio;
Qic International Equities Fund; Qic Listed Equities Fund; Qsuper; Russell Investment Company Public Limited Company; Schroder International
Selection Fund; Schwab Emerging Markets Equity ETF; Schwab Fundamental Emerg0ing Markets Large Company Index ETF; Schwab Fundamental Emerging
Markets Large Company Index Fund; Scotia Emerging Markets Equity Index Tracker ETF; Scottish Widows Investment Solutions Funds Icvc- Fundamental;
Southern Cal ED C N F Q C DC MT S ON P VD N G; Spartan Group Trust for Employee Benefit Plans: SP; Spdr SP Emerging Markets Fund; Spp
Aktieindexfond Global; Spp Emerging Markets Sri; Ssga Spdr Etfs Europe I Plc; Ssgatc I. F. F. T.</P>

<P STYLE="font: 9pt/103% Arial MT; margin: 1.8pt 20.5pt 0 19.8pt; text-align: justify">e. R. P. S. S. M. e. M. S. C. I. S. L.F.; ST ST
Msci Emerging Mkt Small CI Non Lending Common Trt Fund; ST Str Msci Acwi EX Usa Imi Screened Non-lending Comm TR FD; State ST GL Adv Trust
Company Inv FF Tax EX Ret Plans; State Street Global All Cap Equity Ex-us Index Portfolio; <FONT STYLE="letter-spacing: -0.05pt">State
Street Ireland Unit Trust; Stichting Depositary</FONT> Apg Emerging Markets Equity Pool; Stichting Pensioenfonds Rail and Openbaar Vervoer;
Stichting Pggm Depositary; Sunsuper Superannuation Fund; the Bank of N. Y. M. (int) Ltd as T. of I. e. M. e. I. F. UK; the Bank of New
York Mellon Emp Ben Collective Invest FD Pla; the Board of the Pension Protection Fund; the Board of.A.C.e.R.S.Los Angeles,california;
the Master TR Bank of Japan as TR for Hsbc Brazil Mother FD; the Master Trust Bank of Jap, Ltd. as TR. for Mtbj400045828; the Monetary
Authority of Singapore; the Regents of the University of California; Ubs Fnd Mgt (swz) AG ON Bhf of Gotthard Inst Fnd - GL EQ; Ups Group
Trust; Utah State Retirement Systems; Vanguard Emerging Markets Stock Index Fund; Vanguard Esg International; Vanguard F. T. C. Inst.
Total Intl Stock M. Index Trust II; Vanguard Fiduciary Trt Company Instit T Intl Stk Mkt Index T; Vanguard Funds Plc / Vanguard Esg Emerging
Markets; Vanguard Funds Plc / Vanguard Esg Global All Cap U; Vanguard Funds Public Limited Company; Vanguard Inv Funds Icvc-vanguard Ftse
Global All Cap Index F; Vanguard Investment Series Plc / Vanguard Esg Emer; Vanguard Total International Stock Index Fd, A SE Van S F;
Vanguard Total World Stock Index Fund, A <FONT STYLE="letter-spacing: -0.05pt">Series of; Variable Insurance Products</FONT> Fund Ii:
International; Verdipapirfondet Storebrand Indeks Alle Markeder; Washington State Investment Board; Wells Fargo Factor Enhanced Emerging
Markets Portfolio; West Yorkshire Pension Fund; Wisdomtree Emerging Markets Ex-china Fund; <FONT STYLE="letter-spacing: -0.05pt">Wisdomtree
Emerging Markets</FONT> Ex-state-owned Enterprises Fund; e Xtrackers Msci Acwi EX Usa Esg Leaders Equity ETF</P>


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<P STYLE="font: bold 10pt/103% Arial, Helvetica, Sans-Serif; margin: 3.8pt 20.7pt 0 19.8pt; text-align: justify">Exhibit I of the Minutes
of the Ordinary and Extraordinary General Shareholders&#8217; Meeting Held on April 12, 2023.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12.5pt Arial, Helvetica, Sans-Serif; margin: 0.55pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 61.5pt 0 61.1pt; text-align: center"><B>BRF S.A.</B></P>

<P STYLE="font: 10pt Arial MT; margin: 0.05in 61.65pt 0 61.1pt; text-align: center"><FONT STYLE="letter-spacing: -0.05pt">CNPJ/MF N&ordm;
01.838.723/0001-27</FONT></P>

<P STYLE="font: 10pt Arial MT; margin: 3.5pt 61.7pt 0 61.1pt; text-align: center"><FONT STYLE="letter-spacing: -0.05pt">Publicly-Held
Company</FONT></P>

<P STYLE="font: 9pt Arial MT; margin: 4.45pt 174.45pt 0 173pt; text-align: center">NIRE 42.300.034.240</P>

<P STYLE="font: 10pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 7.35pt 61.45pt 0 61.1pt; text-align: center">BYLAWS</P>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0.2pt 0 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.45pt"></TD><TD STYLE="width: 33.85pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>I.</B></FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.05pt"><B>NAME,
HEAD OFFICE, TERM AND CORPORATE</B></FONT><B> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">PURPOSE</FONT></B></TD></TR></TABLE>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0.1pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
1.</B></FONT> BRF S.A. (&#8220;<U>Company</U>&#8221;) is a publicly held company, which is ruled by this Bylaws, by Law n&ordm; 6.404,
of December 15, 1976, as amended (&#8220;<U>Brazilian Corporation Law</U>&#8221;) and by the other applicable laws and regulations.</P>

<P STYLE="font: 8.5pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 5pt 20.55pt 0 19.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.05pt">Paragraph
One - With the entry</FONT> of the Company into the special listing segment referred as Novo Mercado, of B3 S.A. &#8211; Brasil, Bolsa,
Balc&atilde;o (&#8220;<U>B3</U>&#8221;), the Company, its shareholders, including controlling shareholders, management and members of
the Fiscal Council, when installed, are subject to the provisions of the Regulation of the Novo Mercado of B3 (&#8220;<U>Regulation of
the Novo Mercado</U>&#8221;).</P>

<P STYLE="font: 8.5pt Arial MT; margin: 0.15pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 5pt 20.55pt 0 19.8pt; text-align: justify">Paragraph Two - The provisions of the Regulation
of the Novo Mercado shall prevail over the statutory provisions, in the event of prejudice to the rights of the beneficiaries of the public
offers provided in this Bylaws.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
2</B></FONT>. The Company&acute;s head office and venue are in the City of Itaja&iacute;, State of Santa Catarina, at Rua Jorge Tzachel,
475, Bairro Fazenda, Zip Code 88.301-600, being able to establish branches, agencies, offices and other facilities anywhere in the national
territory or abroad.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
3</B></FONT>. It constitutes main corporate purpose of the Company the exercise of the following activities, in the national territory
or abroad:</P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.6pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(i)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the industrialization, commercialization, in retail and wholesale, and exploration of food in general,
mainly animal protein by-products and food products that use the cold chain as support and distribution;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(ii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the industrialization and commercialization of animal feeds, nutrients and food supplements for animals;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 16.85pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the provision of food services in general;</FONT></TD></TR></TABLE>


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<P STYLE="font: 11pt/130% Arial MT; margin: 4.2pt 20.4pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(iv)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT> <FONT STYLE="font-size: 10pt">the industrialization, refining and commercialization of vegetable oils, fats and dairy products;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.7pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(v)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the exploration, conservation, storage, silage and commercialization of grains, its derivatives and
by products;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="letter-spacing: -0.15pt">(vi)</FONT>
the commercialization, in the retail and wholesale, of consumer and production goods including the commercialization of equipment and
vehicles for the development of its logistical activity;</P>

<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 19.7pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(vii)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">the export and the import of production and consumer goods;</FONT></TD></TR></TABLE>

<P STYLE="font: 16pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(viii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the provision of services of transportation, logistics and distribution of cargo and food in general;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(ix)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the participation in other companies, aiming the broadest achievement of the corporate purposes;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 15.05pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(x)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">the participation in any project for the operation of the Company&acute;s business;</FONT></TD></TR></TABLE>

<P STYLE="font: 16pt Arial MT; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.65pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xi)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">manufacture by its own or on demand, commercialization, export and import of pharmochemical products
derived from animal slaughter;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0.05pt 20.65pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">manufacture and commercialization of organic chemical products derived from animal slaughter;</FONT></P>

<P STYLE="font: 10.5pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.7pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xiii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">manufacture, distribution and export of pharmaceutical ingredients derived from animal slaughter;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0.05pt 20.65pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xiv)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">intermediation and agency services and business in general, except real estate; and</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 20.25pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xv)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">rendering of administrative services to third parties.</FONT></TD></TR></TABLE>

<P STYLE="font: 16pt Arial MT; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.5pt 0 19.8pt; text-align: justify">Sole Paragraph - Sole Paragraph - The Company
may also engage, directly or through third parties, in the activities of support to the core business indicated in the Article <STRIKE>3&ordm;</STRIKE>
above, such as:</P>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.8pt"></TD><TD STYLE="width: 33.4pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(i)</FONT></TD><TD STYLE="text-align: left; padding-right: 20.6pt"><FONT STYLE="font-size: 10pt">ancillary activities of administrative, technical or
operational support related to the creation of conditions for the better performance of its main activities;</FONT></TD></TR></TABLE>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 33.35pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(ii)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">transportation of cargo in general;</FONT></TD></TR></TABLE>

<P STYLE="font: 16pt Arial MT; margin: 0.2pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 33.45pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(iii)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">storage and stocking services of products and other services relating thereto;</FONT></TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Arial MT; margin-top: 9.35pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.8pt"></TD><TD STYLE="width: 33.4pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(iv)</FONT></TD><TD STYLE="text-align: justify; padding-right: 20.5pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.05pt">activities of promotion
and reposition</FONT> <FONT STYLE="font-size: 10pt">of its products in the retail and in exposition points and sale to the end consumer,
including the necessary support to the clients that allows the packaging and visualization of the products;</FONT></TD></TR></TABLE>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 33.4pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(v)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">services of receipt and allocation of raw material to be used in the production;</FONT></TD></TR></TABLE>

<P STYLE="font: 16pt Arial MT; margin: 0.2pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 33.45pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(vi)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt; letter-spacing: -0.05pt">services</FONT> <FONT STYLE="font-size: 10pt">of repair,
maintenance and conservation of machinery and vehicles;</FONT></TD></TR></TABLE>

<P STYLE="font: 16pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Arial MT; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.8pt"></TD><TD STYLE="width: 33.4pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(vii)</FONT></TD><TD STYLE="text-align: justify; padding-right: 20.55pt"><FONT STYLE="font-size: 10pt">the promotion of activities, programs, technical
assistance and promotion that aim the national agricultural development;</FONT></TD></TR></TABLE>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.8pt"></TD><TD STYLE="width: 33.4pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(viii)</FONT></TD><TD STYLE="text-align: justify; padding-right: 20.55pt"><FONT STYLE="font-size: 10pt">the industrialization, exploration and commercialization
of packaging of any nature;</FONT></TD></TR></TABLE>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 33.4pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(ix)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">the exploration and creation of animals in general;</FONT></TD></TR></TABLE>

<P STYLE="font: 16pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 33.4pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(x)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt; letter-spacing: -0.05pt">the commercialization</FONT> <FONT STYLE="font-size: 10pt">of
commodities in general;</FONT></TD></TR></TABLE>

<P STYLE="font: 16pt Arial MT; margin: 0.2pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.8pt"></TD><TD STYLE="width: 33.4pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xi)</FONT></TD><TD STYLE="text-align: justify; padding-right: 20.65pt"><FONT STYLE="font-size: 10pt">the research and development of techniques of production
and of improvement of the genetic matrices of the Company;</FONT></TD></TR></TABLE>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Arial MT; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.8pt"></TD><TD STYLE="width: 33.4pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xii)</FONT></TD><TD STYLE="text-align: justify; padding-right: 20.55pt"><FONT STYLE="font-size: 10pt">the activities of reforestation, extraction, industrialization
and commercialization of woods;</FONT></TD></TR></TABLE>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.8pt"></TD><TD STYLE="width: 33.4pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xiii)</FONT></TD><TD STYLE="text-align: justify; padding-right: 20.45pt"><FONT STYLE="font-size: 10pt">the commercialization de real estates, properties,
including machinery, equipment and vehicles, of the fixed assets, to meet with the activities inserted in the corporate purpose of the
Company described in this article; and</FONT></TD></TR></TABLE>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Arial MT; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.8pt"></TD><TD STYLE="width: 33.4pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xiv)</FONT></TD><TD STYLE="text-align: justify; padding-right: 20.8pt"><FONT STYLE="font-size: 10pt">services of fuel supply for its own fleet or for
third parties service providers, specially of freight, transportation, logistics and distribution.</FONT></TD></TR></TABLE>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Arial MT; margin: 0 0 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
4. </B></FONT> The term of duration of the Company is undetermined.</P>

<P STYLE="font: 16pt Arial MT; margin: 0.2pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.45pt"></TD><TD STYLE="width: 33.85pt">II.</TD><TD STYLE="text-align: left">CAPITAL STOCK</TD></TR></TABLE>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.4pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
5.</B></FONT> The Company&acute;s capital stock is BRL 13,053,417,953.36 (thirteen billion, fifty-three million, four hundred and seventeen
thousand, nine hundred and fifty-three reais and thirty-six cents), fully subscribed and paid-in, divided into 1,082,473,246 (one billion,
eighty-two million, four hundred and seventy-three thousand, two hundred and forty-six) common shares, all nominative and with no par
value.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Arial MT; margin: 0.05pt 0 0 19.8pt; text-align: justify">Paragraph One - The Company may not issue preferred shares
or beneficiary parties.</P>


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<P STYLE="font: 10pt/130% Arial MT; margin: 4.2pt 20.55pt 0 19.8pt; text-align: justify">Paragraph Two - The shares issued by the Company
are indivisible and each common share entitles one vote in the deliberations of the General Shareholders&#8217; Meetings.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
6. </B></FONT> All the shares issued by the Company are in book-entry form and, according to deliberation of the Board of Directors, kept
in deposit account, with a financial institution authorized by Comiss&atilde;o de Valores Mobili&aacute;rios &#8211; CVM (&#8220;CVM&#8221;),
on behalf of its holders.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify">Sole Paragraph. The cost of the transfer and registration,
as well as the cost of the service related to the book-entry shares, may be charged directly from the shareholder by the bookkeeping institution,
as it is defined in the agreement of the bookkeeping of shares.</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.55pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
7.</B></FONT> The Company is authorized to increase its capital stock, regardless of statutory reform, up to the number of shares in which
the capital stock is divided is of one billion three hundred and twenty-five million (1,325,000,000) of common shares, upon deliberation
of the Board of Directors.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.55pt 0 19.8pt; text-align: justify">Paragraph One - In the event provided in the head
paragraph of this Article, it shall be incumbent on the Board of Directors to fix the issuance price and the number of shares to be issued,
as well as the term and the conditions of payment in.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify">Paragraph Two - Within the limit of the authorized
capital, the Board of Directors may, <FONT STYLE="letter-spacing: -0.05pt">still: (i) deliberate the issuance of</FONT> subscription bonus;
(ii) according to the plan approved by the General Shareholders&#8217; Meeting, grant stock option, without the shareholders having preemptive
right in the granting of the options or subscription of the respective shares; (iii) approve the increase of the capital stock upon the
capitalization of profits or reserves, with or without bonus shares; and (iv) deliberate the issuance of debentures convertible into shares.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.45pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
8.</B></FONT> At the discretion of the Board of Directors or of the General Shareholders&#8217; Meeting it may be excluded or reduced
the preemptive right of the shareholders, in any issuance of shares, debentures convertible into shares and subscription bonus, whose
<FONT STYLE="letter-spacing: -0.05pt">placement</FONT> is made through sale in the stock exchange, public subscription or exchange for
shares in public offer of purchase of control, as provided in the Law and in this Bylaws.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.3pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
9. </B></FONT> The failure of the shareholder in the payment of the capital it subscribed will imply in the charge of interest of one
percent (1%) per month, <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>pro rata temporis</I></FONT>, <FONT STYLE="letter-spacing: -0.05pt">monetary
adjustment based on the variation of the General Market Price</FONT> Index &#8211; IGP-M, disclosed by Funda&ccedil;&atilde;o Get&uacute;lio
Vargas &#8211; FGV, or another index that reflects the real loss of the power of purchase of the currency in the period, at the discretion
of the Board of Directors of the Company, in the smallest periodicity legally admitted, and fine of ten percent (10%) on the value of
the obligation, without prejudice to the other applicable legal sanctions.</P>


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<P STYLE="font: 10pt/130% Arial MT; margin: 9.35pt 20.5pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
10.</B></FONT> By deliberation of the General Shareholders&#8217; Meeting, by virtue of the proposal of the Board of Directors, the Company&acute;s
capital stock may be increased according to events provided in the law, being certain that in cases of capitalization of profits or reserves,
it is optional the issue of new shares corresponding to the increase, among its shareholders, <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>pro-rata</I></FONT>
the number of shares they hold.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 33.4pt">III.</TD><TD STYLE="text-align: left">GENERAL SHAREHOLDERS&#8217; MEETING</TD></TR></TABLE>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0.1pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.55pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; letter-spacing: -0.05pt"><B>Article</B></FONT><B>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">11</FONT></B>. The General Shareholders&#8217; Meeting, convened and installed
according to <FONT STYLE="letter-spacing: -0.05pt">the</FONT> law and to this Bylaws, shall occur ordinarily within the first four (4)
months following the end of the fiscal year and, extraordinarily, whenever the interests and corporate subjects require deliberation of
the shareholders.</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
12.</B></FONT> The General Shareholders&#8217; Meeting shall be convened by the Board of <FONT STYLE="letter-spacing: -0.05pt">Directors
upon</FONT> deliberation of the majority of its members or, still, in the events provided <FONT STYLE="letter-spacing: -0.05pt">in this
Bylaws and in the Sole</FONT> paragraph of Article 123 of the Brazilian Corporation Law.</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify">Sole Paragraph - The Company shall make available,
no later than the date of the first publication of the call notice, to all the shareholders, the material and documents necessary for
the analysis of the matters contained in the Agenda, except the cases in which the law or the regulation in force requires its availability
in a longer term.</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.45pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
13. </B></FONT> The General Shareholders&#8217; Meeting shall be installed, on first call, with the attendance of shareholders representing,
at least, twenty five percent (25%) of the capital stock, except when the law requires a higher quorum; and, on second call, with any
number of shareholders.</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.05pt">Paragraph One
- The Extraordinary General Shareholders&#8217; Meeting</FONT> that has as purpose the amendment to this Bylaws will be installed, on
first call, with the attendance of shareholders that represent, at least, two thirds (2/3) of the capital stock but may be installed,
on second call, with any number of shareholders present.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.05pt">Paragraph Two
- Subject to the exceptions provided in the applicable regulation, the</FONT> first <FONT STYLE="letter-spacing: -0.05pt">call of the
General Shareholders&#8217; Meeting shall be made with,</FONT> at least, thirty (30) days in advance and the second call with, at least,
eight (8) days.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify">Paragraph Three - The works of the General Shareholders&#8217;
Meeting shall be presided by the Chairman of the Board of Directors or, in his absence, by the Vice President. In the cases of absence
or temporary impediment of the Chairman and of the Vice President of the Board of Directors, the General Shareholders&#8217; Meeting shall
be presided by a Director specially appointed by the Chairman of the Board of Directors. The chairman of the board shall appoint one or
more secretaries for the General Shareholders&#8217; Meeting.</P>


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<P STYLE="font: 10pt/130% Arial MT; margin: 9.35pt 20.4pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
14.</B></FONT> The deliberations in the General Shareholders&#8217; Meeting, with the exception of the provisions in the law and in this
Bylaws, shall be taken by absolute majority of votes of the attendees, the votes in blank not being counted.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify">Paragraph One - The General Shareholders&#8217; Meeting
may only resolve the subjects of the agenda contained in the respective call notice, with the exceptions provided in the Brazilian Corporation
Law, being prevented the inclusion, in the agenda of the General Shareholders&#8217; Meeting, matters named &#8220;other subjects&#8221;
or &#8220;general subjects&#8221; or equivalent expressions.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify">Paragraph Two - From the works and deliberations
of the General Shareholders&#8217; Meeting, the minutes shall be drawn up, which shall be signed by the members of the board of works
of the General Shareholders&#8217; Meeting and by the shareholders present that represent, at least, the majority necessary for the deliberations
taken.</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.45pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
15.</B></FONT> For the benefit of the development of the works of the General <FONT STYLE="letter-spacing: -0.05pt">Shareholders&#8217;
Meetings, the shareholders or their</FONT> representatives shall present, with, at least, five (5) days in advance, besides the identity
card, as the case may be: (i) a power of attorney with certification of the signature of the grantor and/or the documents that evidence
the powers of the legal representative of the shareholder; and/or (ii) relatively to the shareholders participants of the fungible custody
of book-entry shares, the statement containing the respective equity interest, issued by the financial institution responsible for the
custody.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.55pt 0 19.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.05pt">Paragraph One
- Without prejudice to the provision in head paragraph</FONT> of this Article, the shareholder that attends the General Shareholders&#8217;
Meeting with the documents that evidence its status of shareholder may participate and vote at the meeting.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.6pt 0 19.8pt; text-align: justify">Paragraph Two &#8211; The Company will adopt, in the
inspection of the documentation for the due representation of the shareholder, the principle of good-faith.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.6pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; letter-spacing: -0.05pt"><B>Article
16.</B></FONT> <FONT STYLE="letter-spacing: -0.05pt">It is competence</FONT> of the General Shareholders&#8217; Meeting, besides the other
assignments provided in law and in this Bylaws:</P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0.05pt 20.5pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(i)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">attribute bonifications in shares and decide on eventual grouping and splitting of shares;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(ii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.05pt">approve stock option plans or subscription</FONT> <FONT STYLE="font-size: 10pt">of
shares or granting of plans of shares to the Management and employees or to the individuals who provide services to the Company, as well
as to the Management and employees or to individuals who provide services to other companies that are controlled, directly or indirectly,
by the Company;</FONT></P>


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<P STYLE="font: 11pt/130% Arial MT; margin: 4.2pt 20.7pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(iii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT> <FONT STYLE="font-size: 10pt">resolve, according to the proposal presented by the Management, the destination of the profit of
the fiscal year and the distribution of dividends;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 17.3pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(iv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">resolve on the delisting of the Company from the Novo Mercado;</FONT></TD></TR></TABLE>

<P STYLE="font: 16pt Arial MT; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(v)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">establish the compensation of the Fiscal Council in the form of the Law and this Bylaws;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(vi)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">approve, in accordance with the terms of the Regulation of the Novo Mercado, the waiver of the presentation
of the Public Offer of Purchase of Shares in case of delisting of the Novo Mercado; and</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(vii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">approve the carrying out of operations and business with related parties or the sale or contribution
of assets, whenever, in any of these cases, the value of the operation or business corresponds to more than 50% (fifty percent) of the
value of the Company's total assets included in its last balance sheet approved at the General Meeting.</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
17.</B></FONT> The General Shareholders&#8217; Meeting will establish annually the amount of the global annual compensation of the Management
da Company, including benefits of any nature and the representation funds, in view of their responsibilities, the time <FONT STYLE="letter-spacing: -0.05pt">dedicated
to their functions, their competence and</FONT> professional reputation and the value of their services in the market, being incumbent
on the Board of Directors to establish the criteria for of the <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>pro-rata</I></FONT>
of the global compensation among the Management.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
18. </B></FONT> The General Shareholders&#8217; Meeting may suspend the exercise of the rights of the shareholder that does not comply
with a legal or statutory obligation, ceasing the suspension as soon as the obligation is complied with.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify">Paragraph One - The shareholders that represent five
percent (5%), at least, of the capital stock, may convene the General Shareholders&#8217; Meeting mentioned in the head paragraph of this
Article when the Board of Directors does not meet, in the term of eight</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.3pt 20.55pt 0 19.8pt; text-align: justify">(8) days, the request that they present to convene
one, with the indication of the obligation breached and the identification of the defaulting shareholder.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify">Paragraph Two - It shall be incumbent on the General
Shareholders&#8217; Meeting that approves the suspension of the rights of the shareholder to also establish, among other aspects, the
scope and duration of the suspension, observing the preventions provided in the law.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.6pt 0 19.8pt; text-align: justify">Paragraph Three - The suspension of the rights will
cease as soon as the obligation is fulfilled, and the said shareholder shall communicate the Company its fulfillment.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 4.2pt 0 0 19.8pt; text-align: justify"><B></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 33.4pt">IV.</TD><TD STYLE="text-align: justify">MANAGEMENT</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 4.2pt 0 0 19.8pt; text-align: justify"><B>Section I &#8211; General Provisions
to the Bodies of the Management</B></P>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0.2pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.35pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; letter-spacing: -0.05pt"><B>Article
19.</B></FONT> <FONT STYLE="letter-spacing: -0.05pt">The Company&acute;s Management is carried out by</FONT> the Board of Directors and
by the Board of Officers, with the respective assignments granted by law and by this Bylaws.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.4pt 0 19.8pt; text-align: justify">Paragraph One - The management of the Company
are waived from providing guarantee for the exercise of the function.</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.35pt 0 19.8pt; text-align: justify">Paragraph Two - The management of the Company
will be invested in their positions upon the execution of the term of investiture in the proper books, which shall also contemplate their
subordination to the arbitration clause referred in Article 47, and which shall contain the consent to all manuals, codes, regulations
and internal policies of the Company.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify">Paragraph Three - It is expressly forbidden, and it
shall be null and void the act practiced by any management of the Company, that involves it in obligations related to business and operations
alien from the corporate purpose, without prejudice of the civil or criminal responsibility, as the case may be, to which the violator
of this disposition will be subject.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify">Paragraph Four - The term of office of the management
of the Company will be extended until the investiture of their respective successors.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 0 0 19.8pt; text-align: justify">Section II &#8211; Board of Directors</P>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0.2pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
20. </B></FONT> The Board of Directors is composed by, at least, nine (9) and, up to, eleven (11) effective members, all elected and dismissible
by the General Shareholders&#8217; Meeting, with unified term of office of two (2) years, reelection being allowed.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.35pt 0 19.8pt; text-align: justify">Paragraph One - Of the members of the Board
of Directors, at least, two (2) or twenty percent (20%), whichever is higher, shall be Independent Directors, according to the criteria
and rules provided in the Regulation of the Novo Mercado.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify">Paragraph Two - When, due to the calculation of the
percentage referred in the paragraph above, the result generates a fractional number, the Company shall proceed to the rounding of the
number to the one immediately above.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.3pt 0 19.8pt; text-align: justify">Paragraph Three. The characterization of the those
appointed to the Board of Directors as Independent Directors shall be deliberated at the General Shareholders&#8217; Meeting that elects
them, which can base its decision: (i) on the declaration, forwarded by the one appointed as Independent Director to the Board of Directors,
attesting its compliance with the criteria of independence established in the Regulation of the Novo Mercado, contemplating the respective
justification, if verified any of the situations provided in &sect; 2 <FONT STYLE="letter-spacing: -0.05pt">of article 16 of the referred
Regulation</FONT> of the Novo Mercado; and (ii) the manifestation of the Board of Directors, inserted in the management
proposal to the General Shareholders&#8217; Meeting for the election of the Management, as to the compliance or not of the candidate with
the criteria of independence.</P>


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<P STYLE="font: 10pt/130% Arial MT; margin: 4.2pt 20.45pt 0 19.8pt; text-align: justify"></P>

<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify">Paragraph Four - The procedure provided in Paragraph
Three above is not applied to the appointments of candidates to members of the Board of Directors that do not meet <FONT STYLE="letter-spacing: -0.05pt">the
time in advance necessary for inclusion</FONT> of candidates in the distance voting form, as provided in the regulation issued by CVM
on distance voting.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.55pt 0 19.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.05pt">Paragraph Five
- The Board of Directors shall</FONT> assess and disclose annually who are the Independent Directors, as well as to appoint and justify
any circumstances that may jeopardize their independence.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.05pt">Paragraph Six
- As to the election of the members of the Board</FONT> of Directors, the General Shareholders&#8217; Meeting shall appoint a Chairman
and a Vice President, the Vice President shall substitute the Chairman in his absences or impediments, as well as in case of vacancy.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify">Paragraph Seven - Whenever the General Shareholders&#8217;
Meeting is convened to resolve on the election of the Board of Directors, the members of such body shall approve a proposal of full slate
of candidates for the vacancies in the Board of Directors, including appointment for the positions of Chairman and Vice President of the
Board of Directors, which shall be submitted to the approval of the General Shareholders&#8217; Meeting.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify">Paragraph Eight - If any shareholder wants to appoint
one or more candidates to compose the Board of Directors that do not integrate the slate proposed as provided in Paragraph Seven of this
article, such shareholder shall notify the Company proposing <FONT STYLE="letter-spacing: -0.05pt">another slate to run for the positions
at the Board of</FONT> Directors of the Company, in writing and preferably with at least five (5) days in advance of the date scheduled
for the General Shareholders&#8217; Meeting, informing the name, the qualification and the complete professional resum&eacute; of the
candidate(s), being incumbent n the Company to provide its immediate disclosure, by means of a Notice to the Shareholders through the
electronic <FONT STYLE="letter-spacing: -0.05pt">system available at the website of CVM. The Company</FONT> will not accept the registration
of <FONT STYLE="letter-spacing: -0.05pt">any slate, nor the exercise</FONT> of the voting right in the election of the members of the
Board of Directors, in circumstances that configure violation to the dispositions of the applicable regulation.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify">Paragraph Nine - It is forbidden the presentation
of more than one slate by the same shareholder. However, one individual may be part of two or more slates, including the one proposed
in the terms of Paragraph Eight above.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify">Paragraph Ten - If it receives written request of
adoption of the procedure of multiple voting, in the form of Article 141, Paragraph One of the Brazilian Corporation Law, the Company
shall disclose the request and content of such request, immediately, by means <FONT STYLE="letter-spacing: -0.05pt">of a Notice
to the Shareholders</FONT> through the electronic system available at the website of CVM or in the form defined by the law or by CVM.</P>


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<P STYLE="font: 10pt/130% Arial MT; margin: 4.2pt 20.65pt 0 19.8pt; text-align: justify"></P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify">Paragraph Eleven - If the election of the Board of
Directors occurs by means of the procedure of multiple voting, each member of the slates presented in the form of this Article will be
considered a candidate for the position of director.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify">Paragraph Twelve - Whenever the election occurs by
the procedure of multiple voting, the dismissal of any member of the Board of Directors by the General Shareholders&#8217; Meeting will
imply in the dismissal of all the other members, proceeding to a new election.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify">Paragraph Thirteen - In the events of vacancy of
positions of effective members of the Board of Directors, the remaining members shall appoint a substitute who will fill in the position
until the next General Shareholders&#8217; Meeting, occasion on which it will be elected a new director to complete the term of office.
In case of simultaneous vacancies above one third (1/3) of its members, a General Shareholders&#8217; Meeting will be convened, within
thirty (30) days of this event, for the election of the substitutes, whose term of office will coincide with the term of office of the
other directors.</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify">Paragraph Fourteen &#8211; The members of the Board
of Directors shall have impeccable <FONT STYLE="letter-spacing: -0.05pt">reputation, not being able, except as approved at the General</FONT>
Shareholders&#8217; Meeting, to be elected those that (i) occupy positions in companies that may be considered as competitors of the Company;
or (ii) have or represent conflicting interest with the Company. If, after the election of the member of the Board of Directors any fact
that <FONT STYLE="letter-spacing: -0.05pt">configures event of impediment</FONT> for the holding of the position of director, provided
in the Brazilian Corporation Law or in this paragraph, the member who is subject to the impediment undertakes to immediately present his
resignation to the Chairman of the Board of Directors.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 19.8pt; text-align: justify">Subsection II.1 &#8211; Meetings and
Substitutions</P>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0.2pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
21.</B></FONT> The Board of Directors shall meet, ordinarily, <STRIKE>once per month</STRIKE> at least 8 (eight) times a year and, extraordinarily,
whenever convened by its Chairman or by the majority of its members, drawing up minutes of these meetings in the proper book.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify">Paragraph One - The call for the meetings of the
Board of Directors will be given, in writing, by means of a letter, telegram, e-mail or other form that allows the proof of receipt of
the call by the recipient, and shall contain, besides the place, date and time of the meeting, the agenda.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.55pt 0 19.8pt; text-align: justify">Paragraph Two - The meetings of the Board of Directors
shall be convened with, at least, five (5) business days in advance. On the same call date of the meeting, the material and documents
necessary to the consideration of the issues of the agenda of the meeting of the Board of Directors shall be made available to the directors.</P>


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<P STYLE="font: 10pt/130% Arial MT; margin: 9.35pt 20.65pt 0 19.8pt; text-align: justify">Paragraph Three - Regardless of the formalities
of the call, it will be considered regular the meeting at which all the members of the Board of Directors are present.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.3pt 0 19.8pt; text-align: justify">Paragraph Four - The meetings of the Board of Directors
shall be installed, on first call, with the presence of, at least, two thirds (2/3) of its members. On second call, which shall be object
of a new communication to the directors in the form of Paragraph One of this Article, sent immediately after the date established for
the first call, the meeting will be installed with the presence of the simple majority of the directors.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify">Paragraph Five - If necessary, the holding of meetings
of the Board of Directors or the participation of the directors at the meetings of the Board of Directors may be carried out by telephone,
videoconference, electronic vote, or other means of communication that may ensure the effective participation and the authenticity of
the vote. In this circumstance, the director shall be considered present at the meeting, and the vote will be considered valid for all
legal purposes and incorporated into the minutes of the referred meeting.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify">Paragraph Six - No member of the Board of Directors
may have access to information, participate in deliberations and discussions of the Board of Directors or of any management bodies, exercise
the vote or, in any form, intervene in the subjects in which he is, directly or indirectly, in a situation of conflicting interest with
the interests of the Company, in terms of the Law.</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.55pt 0 19.8pt; text-align: justify">Paragraph Seven - The deliberations of the Board
of Directors shall be taken by the <FONT STYLE="letter-spacing: -0.05pt">majority</FONT> of the votes of those present, being incumbent
on the Chairman of the Board of Directors the casting vote in the cases of a draw.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify">Paragraph Eight - The minutes of the meetings of
the Board of Directors shall be worded clearly and record the decisions taken, the people present, the dissenting votes and the vote abstentions.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
22.</B></FONT> In the event of absence or temporary impediment, the directors may be represented at the meetings of the Board of Directors
by another director appointed, in writing, who, besides his own vote, will express the vote of the director absent or temporarily impeded.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.6pt 0 19.8pt; text-align: justify">Paragraph One - In the event of absence or temporary
impediment of the Chairman of <FONT STYLE="letter-spacing: -0.05pt">the Board, his functions shall be exercised,</FONT> on a temporary
basis, by the Vice President.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify">Paragraph Two - In the event of absence or temporary
impediment do Vice President, will be incumbent on the Chairman to appoint, among the other members of the Board of Directors, the substitute.</P>


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<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 4.2pt 0 0 19.8pt; text-align: left">Subsection II.2 - Competence</P>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0.2pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.3pt 0 19.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
23.&#9;</B></FONT>It is competence of the Board of Directors, besides the other assignments provided in the law and this Bylaws:</P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(i)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">establish the general guidance of the Company&acute;s business, considering the impacts of the Company&acute;s
activities on the society and on the environment, aiming the continuity of the Company and the creation of value in the long term;</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(ii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.05pt">define the values and ethical principles of the Company and ensure</FONT>
<FONT STYLE="font-size: 10pt">the maintenance of the Company&acute;s transparency in the relationship with all the interested parties;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.3pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(iii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">elect and dismiss the members of the Board of Officers of the Company or of its <FONT STYLE="letter-spacing: -0.05pt">controlled
companies, directly and indirectly, and establish their assignments,</FONT> observing the provision of this Bylaws;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(iv)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">inspect the management of the members of the Board of Officers, examine at any time the books and
papers of the Company, request information on agreements executed or about to be executed and on any other acts;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0.05pt 20.55pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(v)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">convene the General Shareholders&#8217; Meeting when judged convenient and in the cases provided
in Law;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(vi)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">manifest on the Management report, the accounts of the Board of Officers and the financial statements
related to each fiscal year;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(vii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">distribute among the members of the Board of Directors and of the Board of Officers the annual global
compensation established by the General Shareholders&#8217; Meeting and establish the criteria for the participation in the profits of
the employees and Management, as provided in this Bylaws;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(viii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">authorize the incorporation and winding-up of controlled companies, direct or indirectly, by the
Company;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0.05pt 20.6pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(ix)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">choose and dismiss the independent auditors appointed by the Audit and Integrity Committee;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.55pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(x)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">propose to the General Shareholders&#8217; Meeting the issue of new shares of the Company above the
limit of the authorized capital;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0.05pt 20.35pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xi)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">except in the cases of competence of the General Shareholders&#8217; Meeting, in the terms of the
regulation issued by CVM, deliberate (a) the purchase of shares issued by the Company for maintenance in treasury or for use in plans
approved by the General Shareholders&#8217; Meeting; and (b) the eventual sale or cancelation of such shares;</FONT></P>


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<P STYLE="font: 11pt/130% Arial MT; margin: 9.35pt 20.45pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;
</FONT> <FONT STYLE="font-size: 10pt">resolve the issue by the Company or by its controlled companies, directly and indirectly, of debentures
not convertible into shares, promissory notes (commercial paper) and other similar credit titles;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xiii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">resolve the issue by the Company of shares, subscription bonus and debentures convertible into shares,
within the limit of the authorized capital, establishing the amount, the conditions of payment in and the respective subscription prices
and premium, as well as if it will be ensured the preemptive right to the shareholders or reduced the term for its exercise, as authorized
by the law in force;</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="letter-spacing: -0.15pt">(xiv)</FONT>
resolve the preparation of semiannual balance sheets of the Company or related to shorter periods, as well as to declare interim dividends
to the account of profits calculated in these balance sheets, or to the Account of Accrued Profits or of Profits Reserve existing in the
last annual or semiannual balance sheet, in the form provided in law and/or the distribution of capital interest, as provided in Law n&ordm;
9.249, of December 26, 1995, as amended;</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.45pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 20.25pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xv)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">approve the policy on the payment of dividends of the Company;</FONT></TD></TR></TABLE>

<P STYLE="font: 16pt Arial MT; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xvi)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">propose to the Annual General Shareholders&#8217; Meeting, observing the limits established in Article
35, sole paragraph, of this Bylaws, the amounts to be paid as statutory participation of the employees and Management in the profits of
each fiscal year, as well as to define the criteria for distribution of such amounts;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xvii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">authorize the practice of free reasonable acts by the Company, for the benefit of any individual
or entity, according to the Policy of Competence of the Company, to be approved by the Board of Directors;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.55pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xviii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">present proposal for approval at the Meeting of stock option plan or plan of concession of shares
to its Management or employees, or to individuals who provide services to the Company, as well as to the Management and employees or individuals
who provide services to its controlled companies, directly and indirectly, within the limit of the authorized capital, being incumbent
to the Board of Directors the Management of the referred plan, including the grant of options and concessions of shares in the scope of
such plans;</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xix)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.05pt">authorize amendments</FONT> <FONT STYLE="font-size: 10pt">to the trading
and issue of American Depositary Receipts &#8211; ADRs by the Company or of its controlled companies, directly and indirectly;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial MT; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 20.05pt"><FONT STYLE="letter-spacing: -0.15pt">(xx)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="letter-spacing: -0.05pt">approve its internal regulation which shall provide for, at least,
the following</FONT> matters:</TD></TR></TABLE>

<P STYLE="font: 10pt/130% Arial MT; margin: 3.5pt 0 0 19.8pt">(i) the attributions of the Chairman of the Board of Directors; (ii) the
rules for the replacement of the Chairman of the Board of Directors in case of his absence or vacancy;</P>

<P STYLE="font: 10pt Arial MT; margin: 0.2pt 0 0 19.8pt">(iii) the measures to be adopted in situations of conflict of interests; (iv)
the definition of the term in advance sufficient for receiving
the material for discussion at the meetings, with the adequate depth; and (v) the possibility of holding, during the meetings of the Board
of Directors, exclusive sessions with the external members of the Board of Directors, without the presence of the members of the Board
of Officers and other guests;</P>


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<P STYLE="font: 10pt/130% Arial MT; margin: 4.2pt 20.55pt 0 19.8pt; text-align: justify"></P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xxi)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">constitute technical or advisory committees, of non-deliberative character, to perform specific tasks
or for generic activities of the Company&acute;s interest, in the terms and conditions defined by the Board of Directors. The Committees
may act, among others, in the following areas: (i) strategy and finance, (ii) corporate governance, conduct and ethics, and (iii) compensation
of Management and executive development;</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="letter-spacing: -0.15pt">(xxii)</FONT>
monitor the compliance of the assignments of the committees that may be created to advise the Board of Directors, approve their respective
regulations and assess the technical opinions and reports, in the terms of the law in force and of this Bylaws;</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="letter-spacing: -0.15pt">(xxiii)</FONT>
<FONT STYLE="letter-spacing: -0.05pt">establish mechanisms of periodic assessment</FONT> of the performance of its members, with the purpose
to contribute to the improvement and the effectiveness of the governance of the Company, being able to hire external specialists for the
assessment process;</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0.05pt 20.4pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xxiv)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">prepare and make public grounded opinion containing favorable or contrary opinion to the acceptance
of any and all corporate restructuring, capital increase and other operations that results in change of control, within fifteen (15) days
from the <FONT STYLE="letter-spacing: -0.05pt">disclosure</FONT> of all the conditions of the operation that results in the change of
control. This opinion shall manifest if such operation ensures fair and equitative treatment to the shareholders of the Company;</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xxv)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">prepare and make public previously grounded opinion containing favorable or contrary opinion to the
acceptance of any and all public offer for the purchase of shares or securities convertible into or exchangeable for shares issued by
the Company, within fifteen (15) days from the publication of the notice of the public offer of purchase of shares, or securities convertible
into shares or exchangeable for share issued by the Company, in which it will manifest: (a) on the convenience and opportunity of the
public offer of purchase of shares, or securities convertible into shares or exchangeable for share issued by the Company, as to the interest
of the Company and of all of its shareholders and in relation to the price and to the possible impacts on the liquidity of the securities
held by them; (b) as to the strategic plans disclosed by the offering party in relation to the Company; and (c) the eventual alternatives
to the acceptance of the <FONT STYLE="letter-spacing: -0.05pt">public offer of</FONT> purchase of shares, or securities convertible into
shares or exchangeable for share issued by the Company, available in the market;</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xxvi)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">submit to the General Shareholders&#8217; Meeting proposals of amendments to the Company&acute;s
Bylaws, that are related to the term of duration of the Company, corporate purpose, increases or reductions of capital, issue of marketable
securities and/or securities, exclusion of the preemptive right
in the subscription of shares and other titles and/or securities, dividends, interest on own capital, powers and assignments of the General
Shareholders&#8217; Meeting, structure and assignments of the Board of Directors and of the Board of Officers, and respective quorums
of deliberation;</FONT></P>


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<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xxvii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">approve the annual demobilization plan of the Company proposed by the Board of Officers, as well
as the purchase, assignment, transfer, sale and/or encumbrance of real estate assets of the Company or of controlled companies or affiliates,
directly or indirectly, that are not discriminated in the Demobilization Plan already approved, according to the Policy of Competence
of the Company, to be approved by the Board of Directors;</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0.05pt 20.3pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xxviii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">approve the proposal of split, merger, incorporation in which the Company or controlled companies
and affiliates, directly or indirectly, are part or of the Company itself, as well as the Company&acute;s transformation or any other
form of corporate restructuring;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="letter-spacing: -0.15pt">(xxix)</FONT>
<FONT STYLE="letter-spacing: -0.05pt">deliberate on the liquidation, dissolution, appointment of liquidators, bankruptcy</FONT> or voluntary
acts of judicial or extrajudicial recovery of the Company or of the controlled company and affiliates, directly and indirectly, as well
as financial restructurings related thereto;</P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.6pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="letter-spacing: -0.15pt">(xxx)</FONT>
<FONT STYLE="letter-spacing: -0.05pt">approve the purchase, assignment, transfer, sale and/or encumbrance</FONT> of goods of the non-current
assets (except real estate properties) of the Company or of the controlled companies or affiliates, directly or indirectly, according
to the Policy of Competence of the Company, to be approved by the Board of Directors;</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xxxi)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;
</FONT><IMG SRC="brf202304126k3_001.gif" ALT="" STYLE="height: 1px; width: 5px"><FONT STYLE="font-size: 10pt">authorize the granting of
guarantees, real or fidejussory, commercial pledge, <FONT STYLE="letter-spacing: -0.1pt">mortgages,</FONT> <FONT STYLE="letter-spacing: -0.05pt">guarantees
and, endorsements, as well as to contract insurance guarantees</FONT> or letters of guarantee according to the Policy of Competence of
the Company, to be approved by the Board of Directors;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0.05pt 20.35pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xxxii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">authorize the Board of Officers to offer products and real estates and properties of the Company
or of controlled companies or affiliates, directly or indirectly, in guarantee to the financial institutions when contracting financing
or in guarantee of judicial procedures, whenever these acts result in obligations for the Company or for the controlled companies or affiliates,
directly or indirectly, according to the Policy of Competence of the Company, to be approved by the Board of Directors;</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.55pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="letter-spacing: -0.15pt">(xxxiii)</FONT>
approve the contracting with third parties of debt operations of the Company or of controlled companies or affiliates, directly or indirectly,
according to the Policy of Competence of the Company, to be approved by the Board of Directors;</P>


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<P STYLE="font: 11pt/130% Arial MT; margin: 4.2pt 20.65pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xxxiv)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT> <FONT STYLE="font-size: 10pt">approve the policy on financial risk management of the Company, establishing the main conditions
for the contracting of &#8220;hedging&#8221; operations (assets and liabilities), such policy shall contain, at least, the following specifications:
purpose of the &#8220;hedge&#8221;, risk factors, eligible instruments, limits and spheres of competence;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xxxv)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">approve the issue, purchase, assignment, transfer, sale and/or encumbrance, at any title or form,
by the Company or by the controlled companies or affiliates, directly or <FONT STYLE="letter-spacing: -0.05pt">indirectly, of equity</FONT>
interests and/or any securities in any companies (including waiver to the right of subscription of shares or debentures convertible into
shares of subsidiaries, controlled companies or affiliates), according to the Policy of Competence of the Company, to be approved by the
Board of Directors;</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.4pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="letter-spacing: -0.15pt">(xxxvi)</FONT>
approve and define, previously, the acts to be practiced by the Board of Officers of the Company at the General Shareholders&#8217; Meetings
and/or Shareholders&acute; Meetings <FONT STYLE="letter-spacing: -0.05pt">of controlled companies, affiliates</FONT> or invested companies,
directly or indirectly, acting as shareholder and/or partner of these companies, according to the Policy of Competence of the Company,
to be approved by the Board of Directors or that involve reputational and strategic aspects of the Company;</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xxxvii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">observing the provisions of article 16, item (vii) of these Bylaws, approve the performance of operations
and business of any nature with related parties, in compliance with the provision of the Policy on Transactions with Related Parties and
Other Situations of Conflict of Interests of the Company, approved by the Board of Directors;</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="letter-spacing: -0.15pt">(xxxviii)</FONT>
approve (i) the Code of Conduct; (ii) the Securities&#8217; Negotiation Policy, and (iii) the Contributions&#8217; and Donations&#8217;
Policy, which shall observe the minimum requirements established by the Regulation of the Novo Mercado e by the Brazilian Code of Corporate
Governance;</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0.05pt 20.4pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(xxxix)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">approve the annual and pluriannual integrated capital budgets (budgets of operations, budgets of
investments, and the budgets of cash flow) of the Company and of its controlled companies and affiliates, establishment of the policy
on investment and on the corporate strategy. The general annual integrated budget shall always be approved up to the last day of the previous
calendar year and shall refer to the twelve months of the following fiscal year. At any time during the calendar year, the budget of the
company shall cover a minimum period of six (6) months. The execution and performance of the approved budget shall be reviewed monthly
at the General Shareholders&#8217; Meetings of the Board of Directors;</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify">(xl) approve the execution of any contracts or agreements
(except the contracting of debt) involving the ordinary course of the Company&acute;s activities or of the controlled companies, directly
or indirectly, including, but not limited to, services, consulting or supply agreements, according to the Policy of Competence of the
Company, to be approved by the Board of Directors, as well as to approve the contractual termination or the execution of amendment terms to the agreements
already executed that result in a new obligation of the same amount;</P>


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<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.3pt 0 19.8pt; text-align: justify; text-indent: 3pt">(xli) approve the execution, amendment,
termination, renewal or cancellation of any contracts, agreements or similar arrangements involving patents, processes of production and/or
technology, copyrights, domain names, trademarks or deposited marks on behalf of the Company or of any company controlled by it or affiliate,
directly or indirectly, according to the Policy of Competence of the Company, to be approved by the Board of Directors, except: (a) if
effected between the Company and wholly-owned subsidiaries, except in cases of sale and/or final assignment, which shall be approved by
the Board of Directors; and (b) for authorization of use of trademarks by controlled companies or affiliates.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 0 0 19.8pt; text-align: justify">Section III &#8211; Board of Officers</P>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.45pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
24.</B></FONT> The Board of Officers, whose members are elected and dismissible at any time by the Board of Directors, shall be composed
by, at least, two (2) and, up to, fifteen</P>

<P STYLE="font: 10pt Arial MT; margin: 0 0 0 19.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.05pt">(15) members,</FONT> elected
for a period of two (2) years, reelection being allowed, being one</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 3.5pt 20.4pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt">(1)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.1pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Global Chief Executive Officer and one (1) Chief Financial and of Investor Relations Officer and
the others Vice President Officers with designation and functions to be proposed to the Board of Directors by the Global Chief Executive
Officer, in the terms of Article 26 below, all being professionals who meet the parameters indicated in Paragraphs Two and Three below.</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.55pt 0 19.8pt; text-align: justify">Paragraph One - The positions of Chairman of
the Board of Directors and of the Global Chief Executive Officer may not be occupied by the same person.</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify">Paragraph Two - The election of the Board of Officers
shall be made by the Board of Directors, being able to choose among the candidates pre-selected by the Global Chief Executive Officer.
To this effect, the Global Chief Executive Officer will send to the Board of Directors a copy of the &quot;resum&eacute;&quot; of the
candidate appointed, together with the terms <FONT STYLE="letter-spacing: -0.05pt">of his hiring and all other necessary information to
evidence the qualification established</FONT> in Paragraph Three of this Article. If the Board of Directors does not approve the appointments
presented, new names shall be presented, by the Global Chief Executive Officer, until they are approved by the Board of Directors.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify">Paragraph Three - The Board of Officers shall be integrated
exclusively by professionals who have proven academic education and practice, acquired in courses and in the exercise of activities compatible
with the functions for which they are being appointed.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 19.8pt; text-align: justify"></P>


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<P STYLE="font: 11pt/130% Arial MT; margin: 4.2pt 20.55pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt"></FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 19.8pt; text-align: justify">Subsection III.1 - Competence</P>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0.1pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial MT; margin: 0 0 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
25. </B></FONT> It is competence of the Board of Officers to:</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 4.2pt 20.55pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt/130% Arial MT; margin: 4.2pt 20.55pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(i)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;
</FONT> <FONT STYLE="font-size: 10pt">authorize the opening, the closing or the amendment to the address of branches, agencies, deposits,
offices or any other facilities of the Company, in Brazil or abroad;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(ii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">submit, annually, the appreciation by the Board of Directors, the Management Report and the accounts
of the Board of Officers, together with the report of the independent auditors, as well as the proposal for the allocation of the earned
profits of the previous year;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(iii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.05pt">prepare</FONT> <FONT STYLE="font-size: 10pt">and propose, to the Board of
Directors, the annual and pluriannual budgets, <FONT STYLE="letter-spacing: -0.05pt">the strategic plans, the projects of expansion and
the programs of investment programs;</FONT></FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(iv)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">approve the corporate rules that shall guide the other approval competences and the <FONT STYLE="letter-spacing: -0.05pt">responsibilities
for the management</FONT> acts necessary to the conduction of the Company&acute;s activities, defining the limits of competence for several
decision making processes, according to hierarchical levels of the Company and always observing the spheres of competence of the Board
of Directors provided in Article 23 of this Bylaws;</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.55pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(v)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">decide, by request of the Global Chief Executive Officer, on any subject that is not of the exclusive
competence of the General Shareholders&#8217; Meeting or of the Board of Directors;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.55pt 0 19.8pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(vi)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">observing the provisions of article 16, item (vii) of these Bylaws, approve the performance of certain
operations and business with Related Parties, in compliance with the provisions of the Policy on Transactions with Related Parties and
Other Situations of Conflicts of Interests of the Company;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 19.65pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(vii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">prepare the draft, for further submission to the deliberation of the Board
of Directors</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/130% Arial MT; margin: 3.5pt 20.4pt 0 19.8pt; text-align: justify">(i) of the Code of Conduct; (ii) of Risk Management
Policy, (iii) of the Securities&#8217; Negotiation Policy, (iv) of the Related Parties&#8217; Transaction Policy, and (v) of the Contributions&#8217;
and Donations&#8217; Policy, that shall observe the minimum requirements established by the Regulation of the Novo Mercado and by the
Brazilian Code of Corporate Governance.</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article 26.&#9;</B></FONT>Besides
the other assignments established in this Bylaws, it is competence on, as for example:</P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 12.25pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The Global Chief Executive Officer:</FONT></TD></TR></TABLE>

<P STYLE="font: 16pt Arial MT; margin: 0.2pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.15pt"></TD><TD STYLE="width: 33.25pt"><FONT STYLE="font-size: 10pt">a.</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">convene and preside the meetings of the Board of Officers;</FONT></TD></TR></TABLE>

<P STYLE="font: 16pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.15pt"></TD><TD STYLE="width: 33.25pt"><FONT STYLE="font-size: 10pt">b.</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">represent the Board of Officers at the meetings of the Board of Directors;</FONT></TD></TR></TABLE>


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<P STYLE="font: 11pt/130% Arial MT; margin: 4.2pt 20.45pt 0 53.2pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">c.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <FONT STYLE="font-size: 10pt">submit to the deliberation of the Board of Directors the proposals of the Board of Officers related
to the annual and pluriannual budgets, the strategic plans, the projects of expansion and the programs of investment of the Company;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.6pt 0 53.2pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">d.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.05pt">inspect and guide the conduction of the financial, social</FONT> <FONT STYLE="font-size: 10pt">and
sustainability business and the activities of the other Officers;</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0.05pt 20.55pt 0 53.2pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">e</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">present to the Board of Directors, the financial statements, the annual and pluriannual budgets and
investments&#8217; budget, the financial planning and the cash flow; and</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.45pt 0 53.2pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">f</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">propose to the Board of Directors positions of Officers, with or without specific designation, and
the respective holders for the performance of specific functions that judges necessary.</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.75pt"></TD><TD STYLE="width: 14.45pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(ii)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">To the Chief Financial and of Investor Relations Officer:</FONT></TD></TR></TABLE>

<P STYLE="font: 16pt Arial MT; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0.05pt 20.4pt 0 53.2pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">a.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">prepare, together with the other members of the Board of Officers and under the coordination of the
Global Chief Executive Officer, the budgets to be submitted to the approval of the Board of Directors and be responsible for the <FONT STYLE="letter-spacing: -0.05pt">control</FONT>
of execution of these budgets mainly on what refers to the control of cash flow;</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0.05pt 20.4pt 0 53.2pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">b.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">guide the execution of the economical financial policy, supervising the economical financial activities,
according to the determinations of the Board of Directors; and</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0.05pt 20.45pt 0 53.2pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">c.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">organize and coordinate the system of necessary information to its performance, as well as supervise
all the controllership activities of the Company.</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0.05pt 20.4pt 0 53.2pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">d.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-size: 10pt">represent the Company before CVM and other entities of the capital markets and financial institutions,
as well as regulating bodies and stock exchanges, national and foreign, in which the Company has securities listed, besides complying
with applicable regulatory rules to the Company on what is related to the registrations held by CVM and together with regulating bodies
and stock exchanges in which the Company has securities listed and administer the policy of relationship with investors; and</FONT></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.55pt 0 53.2pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">e.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">monitor the compliance, by the shareholders of the Company, with the obligations provided in Chapter
VIII of this Bylaws and report to the General Shareholders&#8217; Meeting and/or to the Board of Directors, when requested, its conclusions,
reports and diligences.</FONT></P>


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<P STYLE="font: 11pt/130% Arial MT; margin: 4.2pt 20.6pt 0 19.8pt; text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(iii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.15pt">&nbsp;
</FONT> <FONT STYLE="font-size: 10pt">To the others Vice President Officers, whose designation will be given by the Board of Directors
by suggestion of the Global Chief Executive Officer:</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.55pt 0 53.2pt; text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt">a.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">guide, coordinate and supervise the specific activities under their responsibility; and</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/130% Arial MT; margin: 0 20.6pt 0 53.2pt; text-align: left; text-indent: 0in"><FONT STYLE="font-size: 10pt">b.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">execute specific charges that might be attributed by decision of the Global Chief Executive Officer.</FONT></P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 19.8pt; text-align: justify">Subsection III.2 &#8211; Representation
of the Company</P>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0.2pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
27.</B></FONT> The Board of Officers, within the limits established by the Law and by this Bylaws, is vested with general management powers,
that allow the practice of all the necessary acts for the regular functioning of the Company, to achieve its corporate purposes.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.65pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
28. </B></FONT> The active and passive representation of the Company, in or out of court, as well as the practice of all legal acts, shall
be incumbent on:</P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 33.45pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(i)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">any two (2) members of the Board of Officers acting jointly;</FONT></TD></TR></TABLE>

<P STYLE="font: 16pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.8pt"></TD><TD STYLE="width: 33.4pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(ii)</FONT></TD><TD STYLE="text-align: justify; padding-right: 20.45pt"><FONT STYLE="font-size: 10pt">any member of the Board of Officers, jointly with
an attorney in fact with specific powers; or</FONT></TD></TR></TABLE>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 33.45pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(iii)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">two attorneys in fact with specific powers, always acting jointly.</FONT></TD></TR></TABLE>

<P STYLE="font: 16pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify">Paragraph One - The Company may be represented by
only one Officer or one attorney in fact with specific powers in the practice of the following acts:</P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.8pt"></TD><TD STYLE="width: 33.4pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(i)</FONT></TD><TD STYLE="text-align: justify; padding-right: 20.45pt"><FONT STYLE="font-size: 10pt">representation of the Company at General Shareholders&#8217;
Meetings and the partners&acute; meetings of companies in which the Company participates;</FONT></TD></TR></TABLE>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 33.35pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(ii)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">representation of the Company in court; or</FONT></TD></TR></TABLE>

<P STYLE="font: 16pt Arial MT; margin: 0.2pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.8pt"></TD><TD STYLE="width: 33.4pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(iii)</FONT></TD><TD STYLE="text-align: justify; padding-right: 20.55pt"><FONT STYLE="font-size: 10pt">practice of acts of simple administrative routine,
including before public bodies, mixed capital companies, boards of trade, Labor Justice, INSS, FGTS and the collecting banks, and others
of the same nature.</FONT></TD></TR></TABLE>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.5pt 0 19.8pt; text-align: justify">Paragraph Two - The acts for which this Bylaws
requires previous authorization of the Board of Directors shall only be valid once this requirement is met.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify">Paragraph Three - The Board of Officers may, through
two of its members and upon competent instruments, to constitute attorneys in fact with specific powers to act on behalf of the Company,
with mandate with determined term to be established case by case, except the judicial mandates that may be
granted for undetermined term. In any case, it shall be respected the limitations and restrictions mentioned in this Article and the ones
established by the Board of Directors.</P>


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<P STYLE="font: 10pt/130% Arial MT; margin: 4.2pt 20.45pt 0 19.8pt; text-align: justify"></P>

<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 19.8pt; text-align: justify">Subsection III.3 &#8211; Meetings of
the Board of Officers</P>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0.1pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.55pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
29.</B></FONT> The Board of Officers will hold meetings whenever necessary, drawing up minutes of these meetings in the proper book.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify">Paragraph One - The deliberations of the Board of
Officers shall be taken by the majority of votes, being incumbent on the Global Chief Executive Officer, or on his substitute, the casting
vote.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.55pt 0 19.8pt; text-align: justify">Paragraph Two - The minimum quorum of installation
of the meetings of the Board of Officers is of two thirds (2/3) of its members.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.5pt 0 19.8pt; text-align: justify">Paragraph Three - If necessary, it is admitted
the holding of meetings or the participation of the members of the Board of Officers, at the meetings of such board, by telephone, videoconference,
electronic vote, or other means of communication that may ensure the effective participation and the authenticity of the vote. In this
event, the member of the Board of Officers shall be considered present at the meeting, and his vote shall be considered valid for all
legal purposes and incorporated to the minutes of the referred meeting.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify">Paragraph Four - In the absence or temporary impediments,
the members of the Board <FONT STYLE="letter-spacing: -0.05pt">of Officers will replace each other, by appointment of the Global Chief
Executive</FONT> Officer. If there is vacancy, the Board of Directors, within thirty (30) days, (i) shall appoint who shall (a) fill in
the vacancy, whose term of office shall have a coincident term with the other members of the Board of Officers or (b) cumulate the respective
function or (ii) deliberate on the non-fulfillment, temporary or permanent, of the position vacant, provided that this position is not
of the Global Chief Executive Officer or Chief Financial and Investor Relations Officer.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.45pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 33.35pt">V.</TD><TD STYLE="text-align: justify"><FONT STYLE="letter-spacing: -0.05pt">FISCAL</FONT> COUNCIL</TD></TR></TABLE>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0.25pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial MT; margin: 0 0 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
30. </B></FONT> The Company shall have a permanent Fiscal Council, composed by three</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 3.5pt 20.4pt 0 19.8pt; text-align: justify">(3) effective members and equal number of alternates,
elected by the General Shareholders&#8217; Meeting, which will perform its functions until the first annual General Shareholders&#8217;
Meeting that occurs after its election, reelection being allowed, with the assignments, competence and compensation provided in the Law.</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.4pt 0 19.8pt; text-align: justify">Paragraph One - The election of the members of
the Fiscal Council shall occur by means of majority decision, being elected the three (3) candidates, and respective alternates, who receive
the higher number of votes at the General Shareholders&#8217; Meeting, observing the provision of article 161 of the Brazilian
Corporation Law. If there is a Controlling Shareholder, it is ensured to the minority shareholders, provided they represent, jointly,
ten percent (10%) or more of the shares issued by the Company, the right to elect, separately, one (1) member and the respective alternate
of the Fiscal Council of the Company.</P>


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<P STYLE="font: 10pt/130% Arial MT; margin: 4.2pt 20.55pt 0 19.8pt; text-align: justify"></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify">Paragraph Two <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>-</B></FONT>
The members of the Fiscal Council shall be invested in their positions upon the execution of the term of investiture in the proper book,
which shall contain the consent to all manuals, codes, regulations and internal practices of the Company, and its subordination to the
arbitration clause referred in Article 47.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify">Paragraph Three - The Fiscal Council will meet periodically,
in the terms of its Internal Regulation, drawing up minutes of these meetings in the proper book.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify">Paragraph Four - The Fiscal Council shall elect its
Chairman at the first meeting after its election and shall work according to the Internal Regulation approved by the Fiscal Council itself.</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
31.</B></FONT> For the full exercise of the functions of the Fiscal Council the requirements provided in the applicable law, the provision
in this Bylaws and in the Internal Regulation of the Fiscal Council shall be observed.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify">Paragraph One - It will be applicable to the members
of the Fiscal Council the same <FONT STYLE="letter-spacing: -0.05pt">obligations and preventions</FONT> imposed by the Law and by this
Bylaws to the Management of the Company.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify">Paragraph Two &#8211; In case of absence or vacancy
of position of an effective member of the Fiscal Council, the respective alternate will occupy his place. In case of vacancy of position
of the effective member and of its respective alternate, the General Shareholders&#8217; Meeting shall be convened to proceed to the election
of a member to the position.</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify">Paragraph Three - Observing the requirements and obligations
contained in this Bylaws, as well as in the other applicable legal dispositions, the members of the Fiscal Council of the Company may
be elected by the Board of Directors to also integrate the Audit and Integrity Committee.</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 33.45pt">VI.</TD><TD STYLE="text-align: left"><FONT STYLE="letter-spacing: -0.05pt">AUDIT AND INTEGRITY</FONT> COMMITTEE</TD></TR></TABLE>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.5pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
32.</B></FONT> The Company will have an Audit and Integrity Committee in permanent functioning, comprised by, at least, three (3) and,
by a maximum, five (5) members, being the majority independent members and, at least, one (1) of its members not belong to <STRIKE>of</STRIKE>
the Board of Directors, in accordance with the requirements established in the applicable regulation, especially in CVM Instruction n&ordm;
509/11. At least one of the independent members of the Board of Directors shall be appointed
to also integrate the Audit and <FONT STYLE="letter-spacing: -0.05pt">Integrity Committee.</FONT> None of the members of the Audit and
Integrity Committee shall be a member of the Board of Officers.</P>


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<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
33.</B></FONT> The members of the Audit and Integrity Committee shall be appointed by the Board of Directors for terms of office of two
(2) years and will occupy their positions for, at the most, ten (10) years, being dismissible at any time. If the member of the Committee
is also a member of the Board of Directors, the term of office will end simultaneously for both positions.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify">Paragraph One - The performance of the activities
of the members of the Audit and Integrity Committee shall observe the rules provided in the Brazilian law, especially in CVM Instruction
509/11, and in US law, including the provision of the Sarbanes&#8211;Oxley Act and the rules issued by the Securities and Exchange Commission
- SEC.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.05pt">Paragraph</FONT>
Two - At least one of the members of the Audit and Integrity Committee shall have proven knowledge in the areas of corporate accounting,
of audit and finance, that characterizes him as financial specialist. The same member of the Audit and Integrity Committee may accumulate
the characteristics of financial expert and independent advisor.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify">Paragraph Three <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>-</B></FONT>
The Audit and Integrity Committee shall have the following assignments: 1) give opinion on the hiring and dismissal of the independent
external auditor for the conduction of the independent external audit or for any other type of service; 2) supervise the activities: (a)
of the independent auditors, such as to evaluate their independence, the quality and adequacy of the services provided to the needs of
the Company; (b) of the area of internal controls of the Company; (c) of the area of internal audit of the Company; and (d) of the area
of preparation of the financial statements of the Company; 3) monitor the quality and integrity: (a) of the mechanisms of internal controls;
(b) of the quarterly information, interim statements and financial statements of the Company; and (c) of the information and measurement
disclosed based on adjusted accounting data and on non-accounting data that add non-provided elements to the structure of the usual reports
of the financial statements; 4) evaluate and monitor the risk exposures of the Company, being able, inclusively, to require detailed information
on policies and procedures related with: (a) the management compensation;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify">(b) the use of the Company&acute;s assets; and (c)
the expenses incurred on behalf of the <FONT STYLE="letter-spacing: -0.05pt">Company; 5) evaluate and monitor, jointly</FONT> with the
management and the area of internal audit, the adequacy of the transactions with related parties entered into by the Company and its respective
evidences; 6) evaluate, monitor and recommend to the management the correction or the improvement of the internal policies of the Company,
including the Policy on Transactions with Related Parties; 7) evaluate the practices of integrity (<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>compliance)</I></FONT>
of the Company and propose improvements; 8) evaluate and discuss the work annual plan for the independent external auditor and forward
it for the approval of the Board of Directors; and 9) prepare annual summarized report, to be presented together
with the financial statements, containing the description of: (a) its activities, the results and conclusions reached and the recommendations
presented; and (b) any situations in which there is significant discrepancy among the Company&acute;s management, the independent external
auditors and the Audit and Integrity Committee in relation to the financial statements of the Company.</P>


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<P STYLE="font: 10pt/130% Arial MT; margin: 4.2pt 20.4pt 0 19.8pt; text-align: justify"></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify">Paragraph Four - The Audit and Integrity Committee
will be an advisory body directly bound to the Board of Directors.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify">Paragraph Five &#8211; When selecting the members
of the Audit and Integrity Committee, the Board of Directors shall appoint the one who will exercise the role of Coordinator of the body.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify">Paragraph Six - The Audit and Integrity Committee
shall meet, at least, every two (2) months, and whenever necessary, so that the accounting information of the Company is always being
evaluated by the committee before its disclosure.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify">Paragraph Seven- The internal regulation of the Audit
and Integrity Committee shall be approved by the Board of Directors and will describe in detail its functions, as well as its operational
procedures. The internal regulation of the Audit and Integrity Committee must also define the functions and activities of the body's Coordinator.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify">Paragraph Eight- The Audit and Integrity Committee
shall have means to receive, hold and respond to claims, including confidential, internal and external to the Company, in relation to
the non-compliance with the legal and regulatory requirements applicable to the Company, in addition to internal regulations and codes,
including with provision of specific procedures for the protection of the confidentiality of the information and of its provider.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.05pt">Paragraph Nine-
The Board of Directors</FONT> will define the compensation of the members of the Audit and Integrity Committee. The Audit and Integrity
Committee shall have operational autonomy and budget allocation, annual or by project, to conduct or determine the performance of consultations,
assessments and investigations within the scope of its activities, including the hiring and use of external and independent specialists,
to compensate these specialists and pay the ordinary administrative expenses of the Audit and Integrity Committee.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.55pt 0 19.8pt; text-align: justify">Paragraph Ten- The meetings of the Audit and
Integrity Committee shall be recorded in minutes, considering that the decisions/recommendations shall be taken with favorable votes of
2/3 (two thirds) of its members.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify">Paragraph Eleven- The coordinator of the Audit and
Integrity Committee, together with other members when necessary or convenient, shall: (i) meet with the Board of Directors and with the
Fiscal Council; and (ii) be present at the Annual General Shareholders&#8217; Meeting and, when necessary, at the Extraordinary
General Shareholders&#8217; Meetings of the Company.</P>


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<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify">Paragraph Twelve - The members of the Audit and Integrity
Committee shall have the same fiduciary duties and responsibilities applicable to the Management of the Company, in accordance with the
terms of the Brazilian Corporation Law.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 33.35pt">VII.</TD><TD STYLE="text-align: left">FISCAL YEAR AND RESULTS</TD></TR></TABLE>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0.1pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
34.</B></FONT> The fiscal year coincides with the calendar year and, in on its termination, the Company shall prepare the financial statements
provided in the Brazilian Corporation <FONT STYLE="letter-spacing: -0.05pt">Law</FONT> for purposes of disclosure and assessment by the
General Shareholders&#8217; Meeting.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
35.</B></FONT> From the result of each fiscal year, it shall be deducted, before any participation, the eventual accrued losses and the
provision for Income Tax.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.5pt 0 19.8pt; text-align: justify">Sole Paragraph - After the referred deductions
in this Article are made, the General Shareholders&#8217; Meeting may assign to the employees and Management, successively and in this
order:</P>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.8pt"></TD><TD STYLE="width: 33.4pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(i)</FONT></TD><TD STYLE="text-align: justify; padding-right: 20.65pt"><FONT STYLE="font-size: 10pt">the statutory participation of the employees of
the Company up to the maximum limit of ten percent (10%) of the remaining profits; and</FONT></TD></TR></TABLE>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 33.35pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(ii)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">the statutory participation of the Management, up to the maximum legal limit.</FONT></TD></TR></TABLE>

<P STYLE="font: 16pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.3pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
36. </B></FONT> After the participations mentioned in Article 35 above are deducted, the net profit of the year shall have successively
the following destination:</P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.8pt"></TD><TD STYLE="width: 33.4pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(i)</FONT></TD><TD STYLE="text-align: justify; padding-right: 20.65pt"><FONT STYLE="font-size: 10pt">five percent (5%) for the constitution of the Legal
Reserve until it reaches twenty percent (20%) of the Capital Stock;</FONT></TD></TR></TABLE>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.8pt"></TD><TD STYLE="width: 33.4pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(ii)</FONT></TD><TD STYLE="text-align: justify; padding-right: 20.5pt"><FONT STYLE="font-size: 10pt">twenty five percent (25%) as minimum mandatory dividend,
adjusted according to Article 202 of the Brazilian Corporation Law, to be attributed to all the shares of the Company;</FONT></TD></TR></TABLE>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.8pt"></TD><TD STYLE="width: 33.4pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(iii)</FONT></TD><TD STYLE="text-align: justify; padding-right: 20.55pt"><FONT STYLE="font-size: 10pt">twenty percent (20%) for the constitution of reserves
for capital increase, until reaches the limit of twenty percent (20%) of the Capital Stock;</FONT></TD></TR></TABLE>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Arial MT; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.8pt"></TD><TD STYLE="width: 33.4pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">(iv)</FONT></TD><TD STYLE="text-align: justify; padding-right: 20.45pt"><FONT STYLE="font-size: 10pt">until fifty percent (50%) for the constitution of
the reserve for expansion, until it reaches eighty percent (80%) of the Capital Stock, with the purpose to ensure investments in fixed
assets, or increases in working capital, including by means of amortization of the Company&acute;s debts, regardless of the withholding
of profit related to the capital budget, and its balance may be used: (i) in the absorption of losses, whenever necessary; (ii) in the
distribution of dividends, at any time;</FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt/130% Arial MT; margin: 4.2pt 20.55pt 0 53.2pt; text-align: justify">(iii) in the operations of redemption, reimbursement
or purchase of shares, authorized by the Law; and (iv) in the incorporation to the Capital Stock, including upon new bonus shares.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.55pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
37.</B></FONT> Except where otherwise provided at the General Shareholders&#8217; Meeting, the payment of the dividends and of interest
on own capital shall be made within sixty</P>

<P STYLE="font: 10pt Arial MT; margin: 0.1pt 0 0 19.8pt">(60) days from the date of the respective deliberation.</P>

<P STYLE="font: 16pt Arial MT; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.5pt 0 19.8pt; text-align: justify">Paragraph One - By deliberation of the Board
of Directors, in the terms of Article 23 above, the Company can prepare semi-annual balance sheets or related to shorter periods, as well
as declare dividends and/or interest on own capital on the account of <FONT STYLE="letter-spacing: -0.05pt">profits earned in these balance
sheets,</FONT> of accrued profits or of reserves of profit existing in the last annual or semi-annual balance sheet, as provided in the
Law.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.65pt 0 19.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.05pt">Paragraph
Two &#8211; The interim dividends and the interest on own capital declared in</FONT> each fiscal year may be attributed to the mandatory
dividend of the fiscal year.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.6pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; letter-spacing: -0.05pt"><B>Article
38.</B></FONT> <FONT STYLE="letter-spacing: -0.05pt">The dividends not received or unclaimed</FONT> shall prescribe within the term of
three (3) years, counting from the date on which they were made available to the shareholder, and shall revert to the Company.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: bold 10pt/130% Arial, Helvetica, Sans-Serif; margin: 0 20.4pt 0 19.8pt; text-align: left; text-indent: 0in">VIII.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>SALE&#9;OF&#9;SHAREHOLDING&#9;CONTROL,&#9;OF&#9;DEREGISTRATION&#9;<FONT STYLE="letter-spacing: -0.15pt">AS</FONT> PUBLICLY HELD
COMPANY AND DELISTING FROM THE NOVO MERCADO</P>

<P STYLE="font: 13pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
39.</B></FONT> The sale of the control of the Company, directly or indirectly, both by means of a single operation, as by means of successive
operations, shall be contracted under the condition precedent or subsequent, that the purchaser of the control undertakes to present a
public offer for the purchase of the shares having as object the shares issued by the Company held by the other shareholders (&#8220;<U>OPA</U>&#8221;),
observing the <FONT STYLE="letter-spacing: -0.05pt">conditions and terms provided in the</FONT> law and regulation in force and in the
Regulation of the Novo Mercado, as to ensure them equal treatment to the one given to the seller.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify">Paragraph One - For purposes of this Bylaws, it is
understood as control and its related terms the power effectively used by shareholder to direct the corporate activities and to <FONT STYLE="letter-spacing: -0.05pt">guide
the functioning of the company&acute;s bodies, whether directly or indirectly, in</FONT> fact or by law, regardless of the equity interest
held the shareholder.</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.55pt 0 19.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.05pt">Paragraph
Two - If the purchase of</FONT> the control also subjects the purchaser of the control to perform an OPA required by Article 41 of this
Bylaws, the purchase price at the OPA will be the higher between the prices determined in compliance with this Article 39 and Article
41, Paragraph Three of this Bylaws.</P>


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<P STYLE="font: 10pt/130% Arial MT; margin: 4.2pt 20.4pt 0 19.8pt; text-align: justify">Paragraph Three - In case of indirect sale of
control, the purchaser shall disclose the value attributed to the Company for the purposes of defining the price of the OPA, as well as
to disclose the justified evidence of this value.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify">Paragraph Four - The OPA shall observe the conditions
and the terms provided in the law, the regulation in force and in the Regulation of the Novo Mercado.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.35pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
40. </B></FONT>After an operation of sale of control of the Company and its subsequent OPA, the purchaser of the control, whenever necessary,
shall take the appropriate measures to restore the minimum percentage of outstanding shares provided in the Regulation of the Novo Mercado,
within the eighteen (18) months following the purchase of the power of control.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.35pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
41. </B></FONT>Any Purchasing Shareholder, who purchases or becomes holder of shares issued by the Company, in amount equal to or higher
than thirty three point thirty three percent (33.33%) of the total shares issued by the Company shall (i) immediately disclose such information
by means of Material Fact Notice, as provided in the regulation <FONT STYLE="letter-spacing: -0.05pt">issued by CVM; and (ii) in the maximum
period of thirty (30)</FONT> days counting from the date of the purchase or of the event that resulted in the ownership of shares in amount
equal to or higher than thirty three point thirty three percent (33.33%) of the total shares issued by the Company, present or request
registration of, as the case may be, an OPA of the totality of the shares issued by the Company, observing the provision of the applicable
regulation of CVM, the regulations of B3 and the terms of this Article.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.35pt 0 19.8pt; text-align: justify">Paragraph One - For purposes of this Bylaws,
(i) &#8220;Purchasing Shareholder&#8221; means any person, including, without limitation, any individual or legal entity, investment fund,
condominium, securities portfolio, universality of rights, or other form of organization, resident, with domicile or with head office
in Brazil or abroad, or Group of Shareholders, that purchases shares of the Company; and (ii) &#8220;Group of Shareholders&#8221; means
the group of people: (a) bound by contracts or voting agreements of any nature, whether directly or by means of controlled companies,
controlling companies or under common control; or (b) among which there is a control relationship; or (c) under common control.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.5pt 0 19.8pt; text-align: justify">Paragraph Two - The OPA shall be (i) directed indistinctly
to all the shareholders of the Company, (ii) effected through an auction to be held at B3, (iii) presented by the price determined in
accordance with Paragraph Three of this Article, and (iv) paid in cash, in national currency, against the purchase within the OPA of the
shares issued by the Company.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify">Paragraph Three - The purchase price at the OPA of
each share issued by the Company may not be lower than the highest value between (i) one hundred and forty percent (140%) of the average
unit price of the shares issued by the Company during the last <FONT STYLE="letter-spacing: -0.05pt">one hundred and twenty (120) days
of the previous trading sessions to the</FONT> date in which it becomes mandatory the performance of the OPA, at the stock exchange in
which there is the highest volume of trading of shares issued
by the Company; and (ii) one hundred and forty percent (140%) of the average unit price of the shares issued by the Company during the
last thirty (30) days of the previous trading sessions to the date in which it becomes mandatory the performance of the OPA, at the stock
exchange in which there is the highest volume of trading of shares issued by the Company.</P>


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<P STYLE="font: 10pt/130% Arial MT; margin: 4.2pt 20.45pt 0 19.8pt; text-align: justify"></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify">Paragraph Four - The performance of the OPA mentioned
in the head paragraph of this Article will not exclude the possibility of another shareholder of the Company, or, as the case may be,
the Company itself, to formulate a competing OPA, in the terms of the applicable regulation.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify">Paragraph Five - The Purchasing Shareholder will be
obliged to attend eventual requests or to meet the requirements of CVM, formulated based on the applicable law, related to the OPA, within
the maximum terms provided in the applicable regulation.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify">Paragraph Six - If the Purchasing Shareholder does
not comply with the obligations imposed by this Article, including on what refers to the compliance of the maximum terms</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify">(i) for the performance or request of registration
of the or (ii) for compliance or possible requests or requirements from CVM, the Board of Directors of the Company shall convene an Extraordinary
General Shareholders&#8217; Meeting, in which the Purchasing Shareholder will not be able to vote, to deliberate on the suspension of
the exercise of the rights of the Purchasing Shareholder that did not comply with any obligation imposed in this Article, as provided
in Article 120 of the Brazilian Corporation Law, without prejudice to the responsibility of the Purchasing Shareholder for losses and
damages caused to the other shareholders as a result of non-compliance to the obligations imposed by this Article.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify">Paragraph Seven - Any Purchasing Shareholder who purchases
or becomes holder of other rights, including usufruct or trust, over the shares issued by the Company in amount equal to or higher than
thirty three point thirty three percent (33.33%) of the total shares issued by the Company, will be equally obliged to, in up to thirty
(30) days counted from <FONT STYLE="letter-spacing: -0.05pt">the date of such purchase or from</FONT> the event that resulted in the ownership
of such rights over shares in amount equal to or higher than thirty three point thirty three percent (33.33%) of the total shares issued
by the Company, to present or request the registration, as the case may be, of an OPA, in the terms described in this Article.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.45pt 0 19.8pt; text-align: justify">Paragraph Eight - The obligations contained
in Article 254-A of the Brazilian Corporation Law and in 0 of this Bylaws do not exclude the compliance, by the Purchasing Shareholder,
with the obligations contained in this Article, except as provided in Article 45 and in Article 46 of this Bylaws. </P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.55pt 0 19.8pt; text-align: justify">Paragraph Nine - The provision of this Article is
not applicable if a person becomes holder of shares issued by the Company in amount higher than thirty three point thirty three percent
(33.33%) of the total of the shares issued as a result: (i) of legal succession, under the conditions that the shareholder disposes the
excess of shares in up to sixty</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 3.65pt 20.5pt 0 19.8pt; text-align: justify">(60) days counted from the relevant event, (ii)
of the merger of another company into the Company, (iii) of the merger of shares of another company into the Company, or (iv) of the subscription
of shares of the Company, made in a single primary issue, that has been approved at a General Shareholders&#8217; Meeting of the shareholders
of the Company, according to the rules provided in the applicable regulation.</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.55pt 0 19.8pt; text-align: justify"></P>


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<P STYLE="font: 10pt Arial MT; margin: 4.2pt 0 0 19.8pt; text-align: justify"></P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.05pt">Paragraph Ten
- For purposes of calculation of the</FONT> percentage of thirty-three-point thirty three percent (33.33%) of the total shares issued
by the Company described in the head paragraph of this Article, it will not be calculated the involuntary increases of equity interest
resulting from cancelation of shares held in treasury or of reduction of the Company&acute;s capital stock with the cancelation of shares.</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.3pt 0 19.8pt; text-align: justify">Paragraph Eleven - If CVM&acute;s regulation applicable
to the OPA, as provided in this Article <FONT STYLE="letter-spacing: -0.05pt">determines the adoption of a criteria of</FONT> calculation
for setting the purchase price of each share of the Company in the OPA that results in purchase price higher than the one determined in
the terms of Paragraph Three of this Article, the OPA provided in this Article shall be effected for the purchase price calculated in
the terms of CVM&acute;s regulation.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.4pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
42. </B></FONT>The Company&acute;s delisting from the Novo Mercado, either by voluntary, compulsory act or by virtue of corporate restructuring,
shall observe the rules contained in the Regulation of the Novo Mercado.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
43. </B></FONT>Without prejudice to the provision of the Regulation of the Novo Mercado, the voluntary delisting from the Novo Mercado
shall be preceded by an OPA that observes the procedures provided in the regulation issued by CVM on the OPA for the cancelation of registration
as publicly held company and the following requirements: (i) the price offered shall be fair, being possible, the request of new valuation
of the Company in the form established in the Brazilian Corporation Law; and (ii) shareholders holding more than 1/3 of the outstanding
shares shall accept the OPA or expressly agree with the delisting from the Novo Mercado without the effective sale of the shares.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify">Sole Paragraph. The voluntary delisting from the
Novo Mercado may occur regardless <FONT STYLE="letter-spacing: -0.05pt">of the performance of the OPA mentioned in this Article, in the
event</FONT> of waiver approved at the General Shareholders&#8217; Meeting, observing the rules and conditions of the Regulation of the
Novo Mercado.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.4pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
44. </B></FONT>Without prejudice to the provision of the Regulation of the Novo Mercado, the compulsory delisting from the Novo Mercado
shall be preceded by an OPA that observes the procedures provided in the regulation issued by CVM on public offers for purchase of shares
for cancelation of registration of publicly held company and the requirements established in the head paragraph of Article 43.</P>


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<P STYLE="font: 10pt/130% Arial MT; margin: 4.2pt 20.4pt 0 19.8pt; text-align: justify">Sole Paragraph. If the percentage of purchase
of shares that authorizes the delisting from the Novo Mercado is not reached, after the performance of the OPA provided in the head paragraph,
the shares issued by the Company will still be negotiated in the Novo Mercado, within six (6) months following the performance of the
auction of the OPA, without prejudice of the application of eventual sanctions by B3.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
45.</B></FONT> It is optional the formulation of a single OPA, aiming to more than one of the purposes provided in this Chapter VIII,
in the Regulation of the Novo Mercado, in the corporate law or in the regulation issued by CVM, provided it is possible to make procedures
compatible with all types of OPA and there is no prejudice for the recipients of the offer and it is obtained the authorization from CVM
when required by the applicable law.</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0.05pt 20.45pt 0 19.8pt; text-align: justify">Sole Paragraph - With the exception of the OPAs
destined to the delisting from the Novo Mercado and/or to the cancelation of registration of publicly held company, the performance of
a unified OPA may only occur by a shareholder of the Company who holds an amount equal or higher than thirty three point thirty three
percent (33.33%) of the total shares issued by the Company, observing the provision of head paragraph of Article 41 as to the minimum
price to be paid per share.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
46. </B></FONT>The shareholders responsible for the performance of the OPA provided in this Chapter VIII, in the Regulation of the Novo
Mercado or in the regulation issued by CVM may ensure its effectiveness through any shareholder or third party.</P>

<P STYLE="font: 13pt Arial MT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.6pt 0 19.8pt; text-align: justify">Sole Paragraph - The Company or the shareholder, as
the case may be, do not exempt itself from the obligation to present the OPA that is of his responsibility until the said OPA is concluded
in compliance with the applicable rules.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.1pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 33.4pt">IX.</TD><TD STYLE="text-align: left"><FONT STYLE="letter-spacing: -0.05pt">ARBITRAL TRIBUNAL</FONT></TD></TR></TABLE>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0.1pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.45pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
47. </B></FONT>The Company, its shareholders, Management and members of Fiscal Council undertake to resolve, by means of arbitration,
in the Market Arbitration Chamber, in the form of its regulation, every and all controversy that may arise between them, related to or
arising from its condition as issuer, shareholder, Management or member of the Fiscal Council, as the case may be, and, specially, of
the application, validity, efficacy, interpretation, violation and its effects, arising from the dispositions contained in Law n&ordm;
6.385/1976, in the Brazilian Corporation Law, in the rules edited by the National Monetary Council, in the Central Bank of Brazil or by
CVM, as well as in the other applicable rules to the functioning of the capital market in general and the ones contained in the Regulation
of the Novo Mercado, in the other regulations of B3 and in the participation agreement of the Novo Mercado, as in the Arbitration Regulation
of the Market Arbitration Chamber, to be conducted in compliance with this last Regulation.</P>

<P STYLE="font: 12.5pt Arial MT; margin: 0.45pt 0 0">&nbsp;</P>

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<P STYLE="font: 10pt/130% Arial MT; margin: 9.35pt 20.45pt 0 19.8pt; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 33.35pt">X.</TD><TD STYLE="text-align: left"><FONT STYLE="letter-spacing: -0.05pt">COMPANY&acute;S LIQUIDATION</FONT></TD></TR></TABLE>
<P STYLE="font: 10pt/130% Arial MT; margin: 9.35pt 20.45pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
48. </B></FONT>The Company will be liquidated in the cases determined in the law, being <FONT STYLE="letter-spacing: -0.05pt">incumbent
on the General Shareholders&#8217; Meeting to elect the liquidator or liquidators,</FONT> as <FONT STYLE="letter-spacing: -0.05pt">well
as the Fiscal Council that shall work in this period, according</FONT> to the legal formalities.</P>

<P STYLE="font: 13pt Arial MT; margin: 0.3pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 19.75pt"></TD><TD STYLE="width: 33.45pt">XI.</TD><TD STYLE="text-align: left"><FONT STYLE="letter-spacing: -0.05pt">GENERAL PROVISIONS</FONT></TD></TR></TABLE>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0.2pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/130% Arial MT; margin: 0 20.35pt 0 19.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Article
49.</B></FONT> The Company shall observe the shareholders&acute; agreements filed at the head office, being expressly prevented to the
members of the presiding board of the works of the general meetings or of the meetings of the Board of Directors to accept declaration
of vote of any shareholder, signatory of shareholders&#8217; agreement duly filed at the head office or of member of the Board of Directors
elected by the signatories of such agreement, that is cast in disagreement with what is agreed upon in the referred agreement, also being
expressly forbidden to the Company to accept and proceed to the transfer of shares and/or to the encumbrance and/or to the assignment
of preemptive right to the subscription of shares and/or of other securities that do not respect what is provided and regulated according
to the shareholders&#8217; agreement filed at the head office.</P>


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