Yduqs Participacoes SaBMFBOVESPA: YDUQ3

Board of Directors meeting - Approval Buyback Program

· Issued by Yduqs Participacoes Sa

YDUQS PARTICIPAÇÕES S.A.

National Corporate Taxpayer's Register of the Ministry of Finance (CNPJ/MF) 08.807.432/0001-10

State Registration Number (NIRE) 33.3.0028205‐0

SUMMARY OF THE MINUTES OF THE BOARD OF DIRECTORS' MEETING

HELD ON SEPTEMBER 02, 2024

1. Date and time: On September 2, 2024, at 9:00 a.m., the members of the Board of Directors resolved remotely. 2. Call notice, quorum, and attendance: The call was done according to the

Articles of Incorporation and Bylaws of the Company's Board of Directors ("BOD" or "Board"), and all members of the BOD were deemed in attendance: Messrs. and Mmes. Juan Pablo Zucchini, Brenno Raiko de Souza, Heloísa Rios, Thamila Cefali Zaher, Flavio Benício Jansen Ferreira, André Pires de Oliveira Dias, Bernardo Lobão, Nilson Curti, and Eduardo Wurzmann. As guests: Eduardo Parente (CEO), Rossano Marques (Chief Financial and Investor Relations Officer), and Paula Dias (General Counsel). 3. Board: Mr. Juan Pablo Zucchini (Chairman) and Ms. Paula Dias (Secretary). 4. Agenda. Examine, discuss, and vote, as determined by article 16, item "o," of the Company's Articles of Incorporation, on the new buyback program for the common shares issued by the Company ("Buyback Program"). 5. Resolutions: After examining and discussing the matters on the agenda, the attending members of the Board of Directors resolved, unanimously and without any reservations, as follows: 5.1. Approve the Buyback Program, whose goal is to (i) generate value for the Company's shareholders, through the efficient management of the capital structure; and (ii) hold the securities bought back under the program in treasury, or cancel or sell them, all through the use of resources available for the purchase of shares on the stock exchange- at B3 S.A. - Brasil, Bolsa, Balcão-at market prices. The program will last up to eighteen (18) months, during which period up to three hundred million reais (BRL300,000,000.00) in shares may be acquired, corresponding, at the last closing price, to thirty-one million, twenty-three thousand, seven hundred and eighty-five (31,023,785) common shares issued by the Company. The Buyback Program will also be limited to the applicable legislation and regulations. Further information regarding the Buyback Program can be found in Annex I to these minutes, prepared according to Article 33, "XXXV," of CVM Resolution 80/22. 6. Closing, Drafting, and Approval of Minutes: There being no further business to be discussed, these minutes were drawn up, read, checked, and approved by all the directors present and by the Secretary. The documents are filed at the Company.

I hereby certify that the above resolutions were extracted from the minutes drawn in the Minutes Register of the Company's Board of Directors' Meetings.

Rio de Janeiro, September 2, 2024.

Paula Dias

Secretary of the Board

Extract of the minutes of the Board of Directors' meeting held on September 2, 2024

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ANNEX I

Annex G to CVM Resolution 80/22 - Trading of Own Shares

  1. Detailed justification of the goal and expected economic effects of the transaction: The Company's fundamental goal in implementing the Buyback Program is to promote value generation for its shareholders by using available resources to purchase shares on the stock exchange at market prices, without reducing the Company's capital stock, subject to paragraph 1 of article 30 of the Brazilian Corporate Law, CVM Resolution 77/22 and other applicable rules. The shares acquired by the Company will be held in treasury, canceled or sold on the market, observing the legal limit for holding in treasury of up to 10% (ten percent) of the total volume of the Company's outstanding shares after the acquisitions provided for herein.
  2. Inform the quantity of shares that are (i) outstanding and (ii) already held in treasury: subject to the provision in item "I", sole paragraph of article 1 of CVM Resolution 77/22, on the date hereof there are two hundred and ninety million, six hundred and seventy-twothousand, four hundred and ninety-nine(290,672,499) outstanding common, registered, book-entryshares with no par value, issued by the Company.
    On the date hereof, the Company holds sixteen million, seven hundred and eight thousand, one hundred and thirty-eight (16,708,138) common, registered, book-entry shares with no par value in treasury.
  3. Inform the quantity of shares that may be acquired or sold: the Company may acquire up to 31,023,785 (thirty-one million, twenty-three thousand, seven hundred eighty-five) common shares of its issuance, equivalent to approximately 10% of the total shares issued by the Company as of this date.
  4. Describe the main characteristics of the derivative instruments that the company may use, if any: not applicable. No derivative instruments will be used.
  5. Describe, any existing agreements or voting guidelines, if any, between the company and the counterparty to the transactions: the acquisition operations within the scope of the Buyback Program will be carried out in a stock exchange environment, at B3. Consequently, the counterparties to the operations are not known to the Company, and there is therefore no agreement or voting guidelines entered in this context.
  6. In case of transactions carried out outside organized securities markets, inform: not applicable, considering that the acquisitions will be carried out in a stock exchange environment, at B3.
    1. as the case may be, the reasons justifying the transaction, in case of acquisition, at prices higher than ten percent (10%), or, in case of sale, lower than ten percent (10%), than the average price weighted by volume, in the previous ten (10) trading sessions:

Extract of the minutes of the Board of Directors' meeting held on September 2, 2024

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  1. Inform, if any, the impacts that the negotiation will have on the company's composition of the controlling interest or its administrative structure: there will be no impact of this nature as a result of the Buyback Program.
  2. Identify the counterparties, if known, and, in case of a party related to the company, as defined by the accounting rules addressing this subject, also provide the information required by article 9 of CVM Resolution no. 81, dated March 29, 2022: the acquisition operations within the scope of the Buyback Program will be carried out in a stock exchange environment, at B3. Consequently, the counterparties to the operations are not known to the Company.
  3. Indicate the allocation of the resources obtained, if applicable: not applicable. The transactions carried out within the scope of the Buyback Program concern the acquisition of shares issued by the Company.
  4. Indicate the maximum period for the settlement of authorized transactions: the Buyback Program will have a term of eighteen (18) months as of September 3, 2024, inclusive, ending on March 3, 2026, already considering the settlement term applicable to the stock market transactions.
  5. Identify institutions that will act as dealers, if any: the transactions will be carried out
    through one or more of the following financial institutions acting as dealers: (i) Itaú
    Corretora de Valores S.A. - CNPJ: 61.194.353/0001-64 / Registered Office: Avenida Brigadeiro Faria Lima, 3.500, 3º andar, parte, São Paulo - SP, (ii) BTG Pactual CTVM S/A
    - CNPJ: 43.815.158/0001-22 / Registered Office: Avenida Brigadeiro Faria Lima, 3.477, 15º andar, Itaim Bibi, São Paulo - SP, (iii) Santander Corretora de Câmbio e Valores Mobiliários S.A. - CNPJ: 51.014.223/0001-49 / Registered Office: Avenida Presidente Jucelino Kubitschek, 2.235, 24º andar, Vila Olímpia, São Paulo - SP, (iv) XP Investimentos Corretora de Câmbio Títulos e Valores Mobiliários S/A - CNPJ: 02.332.886/0001-04 / Registered Office: Av. Brigadeiro Faria Lima, 3.600, 10º andar, Itaim Bibi, São Paulo - SP,
    (v) Credit Suisse (Brasil) S.A. CTVM - CNPJ: 42.584.318/0001-07 / Registered Office: Rua Leopoldo de Couto Magalhães Jr, 700, 12º andar, Itaim Bibi, São Paulo - SP, (vi) Bradesco S/A CTVM - CNPJ: 61.855.045/0001-32 / Registered Office: Avenida Paulista, 1450, 7º andar, São Paulo - SP
  6. Specify the available resources to be used, according to article 8, paragraph 1, of CVM Resolution no. 77, dated March 29, 2022: the acquisitions carried out within the scope of the Buyback Program will be supported by the global amount of available resources, as provided for in article 8, paragraph 1, of CVM Resolution 77/22, contemplating: (a) profit and capital reserves, excluding the legal reserve, the reserve for unrealized profits, the special reserve for undistributed dividends and the tax incentive reserve; and (b) the realized result of the current fiscal year, excluding the amounts to be allocated to compose the legal reserve, reserve for unrealized profits, special reserve for undistributed dividends and the tax incentive reserve, and the payment of mandatory dividends.

Extract of the minutes of the Board of Directors' meeting held on September 2, 2024

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13. Specify the reasons why the members of the board of directors feel comfortable that the share buyback will not jeopardize the fulfillment of obligations undertaken with creditors or the payment of mandatory, fixed or minimum dividends: the members of the Company's Board of Directors understand that the Buyback Program will not jeopardize the fulfillment of any obligation already undertaken by the Company, given the Company's available resources at this time and the cash generation capacity of its subsidiaries.

Extract of the minutes of the Board of Directors' meeting held on September 2, 2024

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