AXIA Energia S.A.

Shareholders representing 70.27% of voting shares approved all key proposals at the April 1, 2026 Extraordinary General Meeting, marking a pivotal step toward simplifying Eletrobras' capital structure and enhancing governance standards. The approved conversions of all PNA1 and PNB1 preferred shares into common shares at a 1.1:1 ratio, ratified by respective special meetings on the same date, will eliminate multiple share classes upon effectiveness. This aligns with the migration to B3's Novo Mercado segment, which mandates single-class common shares with full voting rights and stringent corporate governance rules. The bylaw restatement, approved by qualified majority, incorporates these changes plus updated capital stock composition, but awaits B3 authorization (currently under review) and ANEEL consent. Item (v) bylaw alternative became moot due to full conversion approvals. For investors, successful execution would boost liquidity, index inclusion potential, and alignment with international standards, though timing depends on regulatory clearances which the company commits to update promptly.