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Azul S.A. submitted a Management Proposal for shareholder approval at the Extraordinary General Meeting on March 25, 2026, of a 1:150,000 reverse share split of all issued common shares to reduce the total from 54,730,851,778,811 to 364,872,345 shares while maintaining share capital at BRL 21,756,852,177.39, in compliance with B3's request for share prices above BRL 1.00, and conditional amendment to Bylaws Article 5.