Paranapanema Announces Extraordinary Shareholder Meeting

• Paranapanema will hold an extraordinary shareholders’ meeting online on December 7, 2026, to vote on a reverse stock split and governance changes.
• The proposed 1-for-10 reverse stock split would reduce outstanding common shares from 4,217,580,106 to 421,758,011 without changing share capital.
• Shareholders will consider bylaw amendments reflecting the share consolidation and share capital of BRL 2.48 billion.
• A proposal would cut the board from seven directors to three, with shareholders voting on outgoing directors and a replacement slate.
• The agenda also covers fiscal council resignations or removals and election of a three-member slate with alternates.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ParanaPanema SA - em Recuperacao Judicial published the original content used to generate this news brief on November 08, 2026, and is solely responsible for the information contained therein.