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Shareholders approved the conversion of all class B1 preferred shares (PNB1) into common shares at a ratio of 1.1 common shares for each PNB1 share during a special meeting held on April 1, 2026.
Centrais Elétricas Brasileiras S.A. - Eletrobrás disclosed the results of the Special Meeting of Class "B1" Preferred Shareholders held on April 1, 2026. The sole deliberation involved the approval of converting all class B1 preferred shares (PNB1) into common shares. The conversion terms establish an exchange ratio of 1.1 common shares for each PNB1 share, executed pursuant to Article 136, paragraph 1, of the Brazilian Corporation Law. The resolution received overwhelming support, securing 173,884,487 votes in favor against 61,823 votes opposed and 3,637,765 abstentions. This structural change impacts the company's capital composition and may alter voting control dynamics given the conversion to common shares. The filing was signed by Eduardo Haiama, Vice-President of Finance and Investor Relations.