Management & Board of Directors

Bachelor’s degree in Business Administration with an emphasis in Finance from Escola Superior de Propaganda e Marketing (ESPM), obtained in 2005. He began his career at LWSA in 1999, working in the collections department, where he served as manager and later as Executive Vice President of Finance. He attended extension courses at the Massachusetts Institute of Technology – MIT, including “IT for Non-IT Executives” in 2006, as well as the HSM University course “Reinventing the CFO” with Jeremy Hope in 2007. He also participated in the Boot Camp organized by Silver Lake Holding de Participações Ltda. for CFOs of pre-IPO companies. He has been a member of our Board of Directors since October 2021 and currently serves as Chairman of the Company’s Board of Directors. Mr. Ricardo Gora has not been subject to any criminal conviction, nor any sanctions or penalties in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is therefore fully qualified to carry out his professional duties. Additionally, Mr. Ricardo Gora has declared that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Graduated in Electronic Engineering from the Instituto Tecnológico de Aeronáutica – ITA in 1993, he is one of the founders of our Company. He worked as a consultant at Andersen Consulting (currently Accenture) from October 1994 to August 1997, during which time he gained experience in the technology field through various projects in the financial, pharmaceutical, and energy sectors, as well as internal research for the firm in Palo Alto. After founding LWSA in 1998, he served as Director of New Business and Technology. In 2007, he assumed the position of CEO of the Company and, in 2012, joined the Company’s Board of Directors. He currently serves as Vice Chairman of the Company’s Board of Directors. Mr. Gilberto Mautner has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is, therefore, fully qualified to perform his professional duties. Additionally, Mr. Gilberto Mautner has declared to the Company that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Graduated in Advertising and Marketing from Universidade Paulista – UNIP in 1998. He worked in the textile industry for 10 years, gaining experience in the commercial and marketing areas of the Company’s brands. He was one of the founders of LWSA in 1998, serving as Commercial and Marketing Director, playing a key role in strengthening the LWSA brand. In 2012, he joined our Board of Directors and stepped down from the position of CMO. Mr. Claudio Gora has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is, therefore, fully qualified to perform his professional duties. Additionally, Mr. Claudio Gora has declared to us that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Graduated in Business Administration from Pontifícia Universidade Católica de São Paulo (PUC-SP), she began her career at LWSA in 2005, leading the legal, human resources, and administrative departments. Before joining LWSA, she worked in the textile and retail sectors. At LWSA, she served as Administrative Director from 2007 to 2019, and since her resignation, she has been a member of our Human Resources Committee and ESG Committee. Ms. Andrea Gora Cohen has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. She is, therefore, fully qualified to perform her professional duties. Additionally, Ms. Andrea Gora Cohen has declared to us that she is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

An engineer graduated from the University of São Paulo with an MBA from IBMEC, Mr. Cirne began his career at Editora Abril as a trainee. He developed the entire online sales and subscription relationship operation, serving as Director of Direct Marketing and Director of e-Business. At LWSA, he held the position of CMO and, in March 2018, became the Group’s CEO. Under his leadership, LWSA conducted an IPO, a follow-on offering, and acquired more than 20 companies. He was responsible for the five business units that make up LWSA: Commerce PME, Wake, ERP/Management, Financial Services, and Be Online/SaaS. These units include important brands such as LOCAWEB, TRAY, VINDI, BLING, and MELHOR ENVIO, among others. In February 2025, Mr. Cirne joined LWSA’s Board of Directors. He is also a board member of three other companies in Brazil: LG Lugar de Gente, Enjoei, and Paschoalotto. Additionally, Fernando serves as a mentor and ambassador for Endeavor and was named one of the best CEOs in Latin America in the Technology, Media, and Telecommunications sector by the Institutional Investor Magazine Ranking in 2021, 2022, 2023, and 2024. Mr. Fernando Biancardi Cirne has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is, therefore, fully qualified to perform his professional duties. Additionally, Mr. Fernando Biancardi Cirne has declared to us that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Graduated in Electrical Engineering with an emphasis in Electronics from Pontifícia Universidade Católica do Rio de Janeiro. He served as Vice President of Marketing at LWSA from March 2018 to December 2019 and as the Company’s CEO from January 2013 to March 2018. He currently serves as an independent member of the Board of Directors and as a member of the Company’s ESG, Audit, and Human Resources Committees. He has been Chairman of the Board of Directors of International Meal Company Alimentação S.A. since May 2019 and a board member since January 2018. He also serves as a board member of Digipix Gráfica Digital S.A., an e-commerce company in the photography and photo gift segment; Lojas QueroQuero S.A., a retail company in the South of Brazil focused on electronics, building materials, and furniture; Allied Tecnologia S.A., a distributor and retailer of electronics and mobile phones; and Estácio Participações S.A., the second largest private higher education institution in Brazil by number of enrolled students. Mr. Flávio Jansen is also an investor and board member of Flyers 24 H S.A. – Anúncio e Divulgação, a company that distributes retail offers via website and mobile app under the brand “Guiato.” He is managing partner at XS Consultoria em Tecnologia Ltda. He was responsible for launching the website “Submarino.com,” where he served as Technology Director and later as CEO. He led Submarino.com through its IPO on the Bovespa and the merger with Americanas.com, which resulted in the formation of B2W – Companhia Digital. He was also a board member at CETIP S.A. – Mercados Organizados from July 2009 to May 2012, a publicly held company managing organized markets for securities, derivatives, and other financial instruments, now part of B3. Additionally, he served on the board of Grupo IBMEC Educacional Ltda. from December 2018 to April 2019, and Fleury S.A., a clinical diagnostics company, from October 2015 to May 2019. Mr. Flávio Jansen has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is, therefore, fully qualified to perform his professional duties. Additionally, Mr. Flávio Jansen has declared to the Company that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Ms. Manuela Vaz Artigas is an independent member of the Board of Directors as well as a member of the Human Resources Committee and ESG Committee at LWSA. She also serves as a board member at Pague Menos S.A., Solar Coca-Cola, and Banco BMG, where she participates in and leads various committees. At these companies, she has worked on strategy, organizational structure, restructuring processes, IPOs, and M&A transactions, including the recent acquisition of Extrafarma and the merger with Grupo Simões. Her previous roles include CEO of Calila Investimentos, board member at JCC (Jereissati Centros Comerciais), Sistema Jangadeiro, and partner at McKinsey & Company. Ms. Artigas holds a degree in Economics from Unicamp and an MBA from the Anderson School of Management at the University of California, Los Angeles (UCLA), where she graduated as a member of the Anderson Business Society and received the Fred Weston Excellence Award in Finance. Ms. Manuela Vaz Artigas has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. She is, therefore, fully qualified to perform her professional duties. Additionally, Ms. Manuela Vaz Artigas has declared to the Company that she is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Mr. Luiz Ribeiro is an independent member of the Board of Directors at LWSA and serves as Managing Director and Co-Head of General Atlantic’s Brazil office, focusing on investments in South America. Prior to joining General Atlantic in 2016, Mr. Ribeiro worked as a Director at Advent International, where he focused on the financial services and healthcare sectors while working in the São Paulo and Bogotá offices. During his time at Advent International, he served on the boards of several portfolio companies and held the position of CFO at Atmosfera Gestão e Higienização de Têxteis Ltda. Mr. Ribeiro currently serves on the boards of Pague Menos, QuintoAndar, D-Local, Neon, Fluency Academy, and Bold, and is an observer on the board of Gympass. He holds a Bachelor’s degree in Business Administration from Fundação Getulio Vargas (EAESP-FGV) and completed the Leadership Development Program at Harvard Business School. Mr. Luiz Ribeiro has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is, therefore, fully qualified to perform his professional duties. Additionally, Mr. Luiz Otavio Ribeiro has declared to the Company that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Mr. Rafael Chamas Alves holds a degree in Business Administration from Fundação Getulio Vargas – FGV in São Paulo and an MBA from the School of Economics at the same institution. He developed part of his career at Grupo Abril, where he began as a trainee and was responsible for the financial planning of various business units – including Abril Educação S.A. during its IPO process. He also served as Controller at Tegma Gestão Logística S.A. until 2016. At LWSA, he has served as Chief Financial Officer and Investor Relations Officer since April 2016 and was reappointed to these roles in December 2023. Rafael was named one of the best CFOs in Latin America in the Technology, Media, and Telecommunications sector by Institutional Investor Magazine’s ranking. In February 2025, he assumed the position of Chief Executive Officer (CEO) of LWSA. Mr. Rafael Chamas Alves has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is, therefore, fully qualified to perform his professional duties. Additionally, Mr. Rafael Chamas Alves has declared to us that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Mr. Willians Marques holds a degree in Business Administration with a focus in Marketing from UNIVEM and an MBA in IT Management from Fundação Getulio Vargas – FGV. A natural-born entrepreneur, he founded Tray, his first startup, at the age of 17, working as a self-taught programmer responsible for the technology and product areas. In parallel with Tray, he founded a fintech in 2007 that was sold within two years to the leading internet group at the time – Grupo Buscapé. Following the acquisition of Tray by LWSA in 2012, he joined the group to lead the SMB platform unit and expanded the business by creating a complete ecosystem of solutions for small retailers, including a logistics platform, a marketplace hub, and a new fintech – Yapay, which later became Vindi Pagamentos. He also led Fbits from its acquisition in 2016 until 2021, when it became the foundation of LWSA’s Enterprise e-commerce platform, Wake Commerce. He currently serves as LWSA’s Vice President of Commerce SMB, overseeing the e-commerce platform, logistics, and other solutions aimed at small retailers. Mr. Willians Marques has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is, therefore, fully qualified to perform his professional duties. Additionally, Mr. Willians Marques has declared to us that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Mr. Andre Kinjo Kubota holds a degree in Production Engineering from the University of São Paulo. He has completed Level III of the CFA program and received executive education in innovation and leadership from Harvard and ISE Business School. He began his career with positions at banks such as Santander, Itaú, and Itaú BBA, and was a partner at Constellation Asset Management, covering sectors including TMT and Financial Services. In 2013, he also worked at Hidrovias do Brasil, holding roles in New Business and M&A, as well as CFO and Investor Relations Officer during the company’s IPO process. Since 2022, he served as CFO at AmbarTech, a technology company focused on the construction industry. Since October 2024, he holds the positions of CFO and Investor Relations Officer at LWSA. Mr. Andre Kinjo Kubota has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is, therefore, fully qualified to perform his professional duties. Additionally, Mr. Andre Kinjo Kubota has declared to us that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Mr. Higor de Araújo Franco holds a degree from Anhembi Morumbi University and an MBA in IT Management from Fundação Getúlio Vargas, with additional specializations from IESE/ISE and MIT. He worked on the portfolio and strategy development for UOLDIVEO (a technology company of the UOL Group) as General Manager of Solutions Architecture, Products, and Marketing from 2008 to 2015, leading the Products, IT Architecture, and Marketing areas. At IBM, he served as LA Cloud Manager, working on the global Cloud Computing strategy team and was responsible for managing the product and cloud architecture teams for IBM across Latin America from 2015 to 2016. He then worked at DASA as IT Superintendent/CTO during 2016 and 2017, where he was responsible for implementing digital transformation, managing innovation, and adopting frameworks for technology sustainability and evolution. Currently, at LWSA, he is responsible for the Retail area. Mr. Higor de Araújo Franco has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is, therefore, fully qualified to perform his professional duties. Additionally, Mr. Higor de Araújo Franco has declared to the Company that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

With over 20 years of career experience, Alessandro Gil has extensive expertise in e-commerce and business expansion strategy. He holds a degree in Advertising from the Pontifical Catholic University of Campinas (PUCCAMP) and an MBA in Marketing. Before joining LWSA, he worked at companies such as LINX, VTEX, Rakuten Brazil, and Ikeda, where he was a partner. At LWSA, he leads the Enterprise SaaS e-Commerce platforms. Mr. Alessandro Dalmédico Gil has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is, therefore, fully qualified to perform his professional duties. Additionally, Mr. Alessandro Dalmédico Gil has declared to us that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

With over 20 years of career experience, Mr. Otávio Dantas has extensive expertise in business, especially at the intersection of People, Technology, and Operations. He holds a degree in Civil Engineering from the University of São Paulo (USP), an MBA in Finance and Strategy from the University of Michigan, and a specialization in Business Administration and Corporate Finance from Fundação Getúlio Vargas. Before joining LWSA, he built his career in management consulting, spending the last five years as Managing Director & Partner at Boston Consulting Group (BCG), where he led the DigitalBCG unit, the Technology Advantage practice, and more recently, the Technology, Media, and Telecom (TMT) practices. Throughout his career, he primarily worked with customer-focused companies (B2C and B2B2C) across various sectors, including Telecom, Financial Services, Technology, and Consumer Goods. In February 2024, Mr. Otávio Dantas joined LWSA and was elected as the Director of People and Corporate Management of the Company in October 2024. Mr. Otávio has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity, and is thus fully qualified to perform his professional duties. Additionally, Mr. Otávio Dantas de Carvalho has declared to the Company that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Graduated in Computer Science from Unesp – Universidade Estadual Paulista, with postgraduate studies in Business Administration from FGV and an MBA in Telecommunications Systems from Universidade Federal Fluminense. He has over 20 years of experience in the IT market, working in architecture, projects, and operations. He began his career at Dedalus Sistemas (the largest Sun Microsystems partner) as an intern, advancing to Support Manager. He continued his career at the Telefônica/Vivo group, managing B2B Data Center operations and corporate project development. In his most recent role, he served as Superintendent of IT Operations at Dasa, being responsible for a large systemic stabilization project, technological renewal, and continuous improvement, supporting strong demand and NPS growth. In February 2020, he was elected Chief Technology Officer (CTO) of LWSA, with re-election in December 2023. Mr. Gustavo Gomes Salviano has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity, and is therefore fully qualified to perform his professional duties. Additionally, Mr. Gustavo Gomes Salviano has declared to the Company that he is not considered a politically exposed person, pursuant to CVM Resolution No. 50/21.

Graduated in Business Administration from the University of Caxias do Sul, with postgraduate studies in Economics and Finance from the Federal University of Rio Grande do Sul (UFRGS) and a Master’s degree in International Economics from Unisinos. With over 20 years of experience, he began his career in the financial services sector working in investments, insurance, and M&A segments. Subsequently, he joined CRP Cia de Participações, where he actively participated in the management of Venture Capital funds focused on technology, working through the entire investment cycle, from analysis, monitoring, and board/governance, as well as a role as BU manager of a consumer goods company within the Tecnovin group, and the fintech A55. At Bling, an ERP and management company within the LWSA group, he held the positions of CFO and COO/Operations Director between 2019 and 2023, also managing the operation of IP Pagcerto. In November 2024, he was elected Business Unit Director at LWSA. Mr. Marcelo Navarini has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity, and is therefore fully qualified to perform his professional duties. Additionally, Mr. Marcelo Navarini has declared to the Company that he is not considered a politically exposed person, pursuant to CVM Resolution No. 50/21.

Graduated in Electronic Engineering from the Instituto Tecnológico de Aeronáutica – ITA in 1993, he is one of the founders of our Company. He worked as a consultant at Andersen Consulting (currently Accenture) from October 1994 to August 1997, during which time he gained experience in the technology field through various projects in the financial, pharmaceutical, and energy sectors, as well as internal research for the firm in Palo Alto. After founding LWSA in 1998, he served as Director of New Business and Technology. In 2007, he assumed the position of CEO of the Company and, in 2012, joined the Company’s Board of Directors. He currently serves as Vice Chairman of the Company’s Board of Directors. Mr. Gilberto Mautner has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is, therefore, fully qualified to perform his professional duties. Additionally, Mr. Gilberto Mautner has declared to the Company that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

An engineer graduated from the University of São Paulo with an MBA from IBMEC, Mr. Cirne began his career at Editora Abril as a trainee. He developed the entire online sales and subscription relationship operation, serving as Director of Direct Marketing and Director of e-Business. At LWSA, he held the position of CMO and, in March 2018, became the Group’s CEO. Under his leadership, LWSA conducted an IPO, a follow-on offering, and acquired more than 20 companies. He was responsible for the five business units that make up LWSA: Commerce PME, Wake, ERP/Management, Financial Services, and Be Online/SaaS. These units include important brands such as LOCAWEB, TRAY, VINDI, BLING, and MELHOR ENVIO, among others. In February 2025, Mr. Cirne joined LWSA’s Board of Directors. He is also a board member of three other companies in Brazil: LG Lugar de Gente, Enjoei, and Paschoalotto. Additionally, Fernando serves as a mentor and ambassador for Endeavor and was named one of the best CEOs in Latin America in the Technology, Media, and Telecommunications sector by the Institutional Investor Magazine Ranking in 2021, 2022, 2023, and 2024. Mr. Fernando Biancardi Cirne has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is, therefore, fully qualified to perform his professional duties. Additionally, Mr. Fernando Biancardi Cirne has declared to us that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Bachelor’s degree in Business Administration with an emphasis in Finance from Escola Superior de Propaganda e Marketing (ESPM), obtained in 2005. He began his career at LWSA in 1999, working in the collections department, where he served as manager and later as Executive Vice President of Finance. He attended extension courses at the Massachusetts Institute of Technology – MIT, including “IT for Non-IT Executives” in 2006, as well as the HSM University course “Reinventing the CFO” with Jeremy Hope in 2007. He also participated in the Boot Camp organized by Silver Lake Holding de Participações Ltda. for CFOs of pre-IPO companies. He has been a member of our Board of Directors since October 2021 and currently serves as Chairman of the Company’s Board of Directors. Mr. Ricardo Gora has not been subject to any criminal conviction, nor any sanctions or penalties in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is therefore fully qualified to carry out his professional duties. Additionally, Mr. Ricardo Gora has declared that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Graduated in Electrical Engineering with an emphasis in Electronics from Pontifícia Universidade Católica do Rio de Janeiro. He served as Vice President of Marketing at LWSA from March 2018 to December 2019 and as the Company’s CEO from January 2013 to March 2018. He currently serves as an independent member of the Board of Directors and as a member of the Company’s ESG, Audit, and Human Resources Committees. He has been Chairman of the Board of Directors of International Meal Company Alimentação S.A. since May 2019 and a board member since January 2018. He also serves as a board member of Digipix Gráfica Digital S.A., an e-commerce company in the photography and photo gift segment; Lojas QueroQuero S.A., a retail company in the South of Brazil focused on electronics, building materials, and furniture; Allied Tecnologia S.A., a distributor and retailer of electronics and mobile phones; and Estácio Participações S.A., the second largest private higher education institution in Brazil by number of enrolled students. Mr. Flávio Jansen is also an investor and board member of Flyers 24 H S.A. – Anúncio e Divulgação, a company that distributes retail offers via website and mobile app under the brand “Guiato.” He is managing partner at XS Consultoria em Tecnologia Ltda. He was responsible for launching the website “Submarino.com,” where he served as Technology Director and later as CEO. He led Submarino.com through its IPO on the Bovespa and the merger with Americanas.com, which resulted in the formation of B2W – Companhia Digital. He was also a board member at CETIP S.A. – Mercados Organizados from July 2009 to May 2012, a publicly held company managing organized markets for securities, derivatives, and other financial instruments, now part of B3. Additionally, he served on the board of Grupo IBMEC Educacional Ltda. from December 2018 to April 2019, and Fleury S.A., a clinical diagnostics company, from October 2015 to May 2019. Mr. Flávio Jansen has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is, therefore, fully qualified to perform his professional duties. Additionally, Mr. Flávio Jansen has declared to the Company that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Ms. Manuela Vaz Artigas is an independent member of the Board of Directors as well as a member of the Human Resources Committee and ESG Committee at LWSA. She also serves as a board member at Pague Menos S.A., Solar Coca-Cola, and Banco BMG, where she participates in and leads various committees. At these companies, she has worked on strategy, organizational structure, restructuring processes, IPOs, and M&A transactions, including the recent acquisition of Extrafarma and the merger with Grupo Simões. Her previous roles include CEO of Calila Investimentos, board member at JCC (Jereissati Centros Comerciais), Sistema Jangadeiro, and partner at McKinsey & Company. Ms. Artigas holds a degree in Economics from Unicamp and an MBA from the Anderson School of Management at the University of California, Los Angeles (UCLA), where she graduated as a member of the Anderson Business Society and received the Fred Weston Excellence Award in Finance. Ms. Manuela Vaz Artigas has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. She is, therefore, fully qualified to perform her professional duties. Additionally, Ms. Manuela Vaz Artigas has declared to the Company that she is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21

With over 20 years of career experience, Mr. Otávio Dantas has extensive expertise in business, especially at the intersection of People, Technology, and Operations. He holds a degree in Civil Engineering from the University of São Paulo (USP), an MBA in Finance and Strategy from the University of Michigan, and a specialization in Business Administration and Corporate Finance from Fundação Getúlio Vargas. Before joining LWSA, he built his career in management consulting, spending the last five years as Managing Director & Partner at Boston Consulting Group (BCG), where he led the DigitalBCG unit, the Technology Advantage practice, and more recently, the Technology, Media, and Telecom (TMT) practices. Throughout his career, he primarily worked with customer-focused companies (B2C and B2B2C) across various sectors, including Telecom, Financial Services, Technology, and Consumer Goods. In February 2024, Mr. Otávio Dantas joined LWSA and was elected as the Director of People and Corporate Management of the Company in October 2024. Mr. Otávio has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity, and is thus fully qualified to perform his professional duties. Additionally, Mr. Otávio Dantas de Carvalho has declared to the Company that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Henrique Marquezi is a professional with over 15 years of experience in Investor Relations (IR) and Treasury, having worked in companies in the technology, media and telecommunications (TMT), retail, infrastructure and agribusiness sectors. Accumulated awards as the best IR professional in Latin America in the TMT (small cap) segment by Institutional Investor magazine in 2021, 2022 and 2023. Mr. Marquezi has a bachelor’s degree in International Relations from Trevisan Business School and an extension in finance from the Booth School of Business at the University of Chicago. At LWSA, he led the company’s IR program since the IPO, participating in the Company’s Initial and Subsequent Share Offerings. At Raízen, the largest sugar producer in the world, he played an important role in debt management and implementation of Treasury systems. He also worked at AB Concessões, where he participated in the construction of the IR program and issuance of Debentures for 3 companies in the group. At CVC, a tour operator, he led the Treasury and IR areas, being responsible for the company’s first rating issue. Mr. Marquezi’s professional career also includes stints at Itaú and Société Générale brokerages, where he worked in the share rental area. Additionally, Mr. Henrique Bastos Marquezi Filho declared to us that he is not characterized as a politically exposed person, in accordance with CVM Resolution No. 50/21.

Carlos Elder Maciel de Aquino has a bachelor’s degree in accounting from the Federal University of Pernambuco (UFPE), a master’s degree in Accounting and Actuarial Sciences from the Pontifical Catholic University of São Paulo (PUC-SP) and a doctorate in Controllership and Accounting from the University of São Paulo (USP) . He has an MBA in Finance from IBMEC-SP and an MBA in Controllership from the University of São Paulo (USP-SP), in addition to a specialization in Engineering Economics from the Catholic University of Pernambuco (UNICAP-PE). He was an executive at companies such as Unibanco, Itaú Unibanco, KPMG, Diagnósticos da América S.A. He is a guest professor at the Accounting, Actuarial and Financial Research Institute Foundation (Fipecafi) and FIA-USP. Also, author and co-author of articles published in national and international books and magazines on finance, accounting, governance, regulatory aspects and auditing. He has more than 40 years of professional experience, having held executive positions in the areas of accounting, finance, auditing, health, private pension and third sector segments, in addition to acting as a member of the board of directors, fiscal councils and audit committees, risk management, internal controls, ethics and conduct, money laundering prevention and transactions with related parties. He was a member of the board of directors and is currently coordinator of the Audit Committee of LWSA. He is also coordinator of the audit committees of Allied Tecnologia S/A, Lojas Quero-Quero S/A, Nibs Participações S/A ( Copenhagen) and Fortbras S/A. He is a member of the audit committee of Tokio Marine Seguradora S/A and Tigre S/A Participações and Ebanx Holdings LLC and a member of the ethics and conduct committee of Nibs Participações (Copenhagen). He is a fiscal councilor at Folha Participações S.A. and Natura &CO Holding S.A. He is certified as a board member, a fiscal councilor and a member of an audit committee by the Brazilian Institute of Corporate Governance (IBGC). Also, he is a member of the American Accounting Association (AAA).

Graduated in Electrical Engineering with an emphasis in Electronics from Pontifícia Universidade Católica do Rio de Janeiro. He served as Vice President of Marketing at LWSA from March 2018 to December 2019 and as the Company’s CEO from January 2013 to March 2018. He currently serves as an independent member of the Board of Directors and as a member of the Company’s ESG, Audit, and Human Resources Committees. He has been Chairman of the Board of Directors of International Meal Company Alimentação S.A. since May 2019 and a board member since January 2018. He also serves as a board member of Digipix Gráfica Digital S.A., an e-commerce company in the photography and photo gift segment; Lojas QueroQuero S.A., a retail company in the South of Brazil focused on electronics, building materials, and furniture; Allied Tecnologia S.A., a distributor and retailer of electronics and mobile phones; and Estácio Participações S.A., the second largest private higher education institution in Brazil by number of enrolled students. Mr. Flávio Jansen is also an investor and board member of Flyers 24 H S.A. – Anúncio e Divulgação, a company that distributes retail offers via website and mobile app under the brand “Guiato.” He is managing partner at XS Consultoria em Tecnologia Ltda. He was responsible for launching the website “Submarino.com,” where he served as Technology Director and later as CEO. He led Submarino.com through its IPO on the Bovespa and the merger with Americanas.com, which resulted in the formation of B2W – Companhia Digital. He was also a board member at CETIP S.A. – Mercados Organizados from July 2009 to May 2012, a publicly held company managing organized markets for securities, derivatives, and other financial instruments, now part of B3. Additionally, he served on the board of Grupo IBMEC Educacional Ltda. from December 2018 to April 2019, and Fleury S.A., a clinical diagnostics company, from October 2015 to May 2019. Mr. Flávio Jansen has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is, therefore, fully qualified to perform his professional duties. Additionally, Mr. Flávio Jansen has declared to the Company that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Fernando Dal-Ri Murcia: Bachelor’s degree in Business Management from Webber International University (Florida, USA), in Accounting Sciences from the University of Vale do Itajaí and in Law from Universidade Paulista. Master in Accounting from the Federal University of Santa Catarina (areas of concentration: corporate accounting, accounting fraud and financial market). PhD in Accounting and Controllership from FEA-USP (areas of concentration: corporate accounting, IFRSs, corporate governance and capital markets). Professor at the Faculty of Economics, Administration and Accounting (FEA) at USP – SP “campus”, teaching undergraduate, master’s and doctoral courses. Guest professor at the Largo São Francisco Law School of USP, teaching “law and accounting” subjects. Director of Projects and Research at the Accounting, Actuarial and Financial Research Institute Foundation (FIPECAFI). Since 2018, he has been a member of the Audit Committee of Via Varejo S.A. (Casas Bahia and Ponto Frio). He is a member of the Audit Committee of FUNCEF (Caixa-CEF Pension Fund). He is a member of the Fiscal Council of Renova Energia S.A. He is an alternate member of the Fiscal Council of Marfrig Foods S.A. He was President of the Fiscal Council of Grupo Pão de Açúcar during 2017 and 2018. He was President of the Fiscal Council of Via Varejo S.A. from 2014 to 2018.  He was an alternate member of the Fiscal Council of Gerdau S.A. from 2015 to 2016. He was a representative of Latin America in the Deloitte IAAER Researcher Program. Consultant, Opinionist and Expert in the area of​​corporate accounting, company valuation, governance and corporate restructuring. Member of the Accounting Studies Group of the Accounting Pronouncements Committee (CPC) on accounting-tax matters in partnership with the Accounting Studies Working Group of the Brazilian Federal Revenue Service (RFB). Member of the Finance and Accounting Committee of the Brazilian Institute of Corporate Governance (IBGC). Member of the Brazilian Integrated Reporting Monitoring Commission (CBARI). Researcher with more than 70 scientific articles published in national and international journals on topics related to accounting, finance and corporate governance. Mr. Fernando Dal-Ri Murcia has not been subject to the effects of any criminal conviction, any conviction or application of any penalty in proceedings administrative before the CVM and no final and unappealable conviction, at the judicial or administrative level, that would have caused the suspension or disqualification to practice any professional or commercial activity, thus being duly qualified to practice their professional activities. Additionally, Mr. Fernando Dal-Ri Murcia declared to the Company that he is not characterized as a politically exposed person, in accordance with CVM Resolution No. 50/21.

Graduated in Electronic Engineering from the Instituto Tecnológico de Aeronáutica – ITA in 1993, he is one of the founders of our Company. He worked as a consultant at Andersen Consulting (currently Accenture) from October 1994 to August 1997, during which time he gained experience in the technology field through various projects in the financial, pharmaceutical, and energy sectors, as well as internal research for the firm in Palo Alto. After founding LWSA in 1998, he served as Director of New Business and Technology. In 2007, he assumed the position of CEO of the Company and, in 2012, joined the Company’s Board of Directors. He currently serves as Vice Chairman of the Company’s Board of Directors. Mr. Gilberto Mautner has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is, therefore, fully qualified to perform his professional duties. Additionally, Mr. Gilberto Mautner has declared to the Company that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

An engineer graduated from the University of São Paulo with an MBA from IBMEC, Mr. Cirne began his career at Editora Abril as a trainee. He developed the entire online sales and subscription relationship operation, serving as Director of Direct Marketing and Director of e-Business. At LWSA, he held the position of CMO and, in March 2018, became the Group’s CEO. Under his leadership, LWSA conducted an IPO, a follow-on offering, and acquired more than 20 companies. He was responsible for the five business units that make up LWSA: Commerce PME, Wake, ERP/Management, Financial Services, and Be Online/SaaS. These units include important brands such as LOCAWEB, TRAY, VINDI, BLING, and MELHOR ENVIO, among others. In February 2025, Mr. Cirne joined LWSA’s Board of Directors. He is also a board member of three other companies in Brazil: LG Lugar de Gente, Enjoei, and Paschoalotto. Additionally, Fernando serves as a mentor and ambassador for Endeavor and was named one of the best CEOs in Latin America in the Technology, Media, and Telecommunications sector by the Institutional Investor Magazine Ranking in 2021, 2022, 2023, and 2024. Mr. Fernando Biancardi Cirne has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is, therefore, fully qualified to perform his professional duties. Additionally, Mr. Fernando Biancardi Cirne has declared to us that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Bachelor’s degree in Business Administration with an emphasis in Finance from Escola Superior de Propaganda e Marketing (ESPM), obtained in 2005. He began his career at LWSA in 1999, working in the collections department, where he served as manager and later as Executive Vice President of Finance. He attended extension courses at the Massachusetts Institute of Technology – MIT, including “IT for Non-IT Executives” in 2006, as well as the HSM University course “Reinventing the CFO” with Jeremy Hope in 2007. He also participated in the Boot Camp organized by Silver Lake Holding de Participações Ltda. for CFOs of pre-IPO companies. He has been a member of our Board of Directors since October 2021 and currently serves as Chairman of the Company’s Board of Directors. Mr. Ricardo Gora has not been subject to any criminal conviction, nor any sanctions or penalties in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is therefore fully qualified to carry out his professional duties. Additionally, Mr. Ricardo Gora has declared that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Graduated in Electrical Engineering with an emphasis in Electronics from Pontifícia Universidade Católica do Rio de Janeiro. He served as Vice President of Marketing at LWSA from March 2018 to December 2019 and as the Company’s CEO from January 2013 to March 2018. He currently serves as an independent member of the Board of Directors and as a member of the Company’s ESG, Audit, and Human Resources Committees. He has been Chairman of the Board of Directors of International Meal Company Alimentação S.A. since May 2019 and a board member since January 2018. He also serves as a board member of Digipix Gráfica Digital S.A., an e-commerce company in the photography and photo gift segment; Lojas QueroQuero S.A., a retail company in the South of Brazil focused on electronics, building materials, and furniture; Allied Tecnologia S.A., a distributor and retailer of electronics and mobile phones; and Estácio Participações S.A., the second largest private higher education institution in Brazil by number of enrolled students. Mr. Flávio Jansen is also an investor and board member of Flyers 24 H S.A. – Anúncio e Divulgação, a company that distributes retail offers via website and mobile app under the brand “Guiato.” He is managing partner at XS Consultoria em Tecnologia Ltda. He was responsible for launching the website “Submarino.com,” where he served as Technology Director and later as CEO. He led Submarino.com through its IPO on the Bovespa and the merger with Americanas.com, which resulted in the formation of B2W – Companhia Digital. He was also a board member at CETIP S.A. – Mercados Organizados from July 2009 to May 2012, a publicly held company managing organized markets for securities, derivatives, and other financial instruments, now part of B3. Additionally, he served on the board of Grupo IBMEC Educacional Ltda. from December 2018 to April 2019, and Fleury S.A., a clinical diagnostics company, from October 2015 to May 2019. Mr. Flávio Jansen has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is, therefore, fully qualified to perform his professional duties. Additionally, Mr. Flávio Jansen has declared to the Company that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Ms. Manuela Vaz Artigas is an independent member of the Board of Directors as well as a member of the Human Resources Committee and ESG Committee at LWSA. She also serves as a board member at Pague Menos S.A., Solar Coca-Cola, and Banco BMG, where she participates in and leads various committees. At these companies, she has worked on strategy, organizational structure, restructuring processes, IPOs, and M&A transactions, including the recent acquisition of Extrafarma and the merger with Grupo Simões. Her previous roles include CEO of Calila Investimentos, board member at JCC (Jereissati Centros Comerciais), Sistema Jangadeiro, and partner at McKinsey & Company. Ms. Artigas holds a degree in Economics from Unicamp and an MBA from the Anderson School of Management at the University of California, Los Angeles (UCLA), where she graduated as a member of the Anderson Business Society and received the Fred Weston Excellence Award in Finance. Ms. Manuela Vaz Artigas has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. She is, therefore, fully qualified to perform her professional duties. Additionally, Ms. Manuela Vaz Artigas has declared to the Company that she is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

With over 20 years of career experience, Mr. Otávio Dantas has extensive expertise in business, especially at the intersection of People, Technology, and Operations. He holds a degree in Civil Engineering from the University of São Paulo (USP), an MBA in Finance and Strategy from the University of Michigan, and a specialization in Business Administration and Corporate Finance from Fundação Getúlio Vargas. Before joining LWSA, he built his career in management consulting, spending the last five years as Managing Director & Partner at Boston Consulting Group (BCG), where he led the DigitalBCG unit, the Technology Advantage practice, and more recently, the Technology, Media, and Telecom (TMT) practices. Throughout his career, he primarily worked with customer-focused companies (B2C and B2B2C) across various sectors, including Telecom, Financial Services, Technology, and Consumer Goods. In February 2024, Mr. Otávio Dantas joined LWSA and was elected as the Director of People and Corporate Management of the Company in October 2024. Mr. Otávio has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity, and is thus fully qualified to perform his professional duties. Additionally, Mr. Otávio Dantas de Carvalho has declared to the Company that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Rafael Abdo: Graduated in Business Administration, he has worked in the Information Technology area since 1998. In the early 2000s he was responsible for developing the vertical chat portal for Starmedia, a North American multinational company, in addition to having worked in several startups. digital content in the following years. Between 2007 and 2011, he led the development of security solutions by the company BluePex, having been responsible for delivering the antivirus project for the Brazilian army, a government initiative for national sovereignty in the area of​​cybersecurity. As a member of Locaweb’s information security team, he was responsible for implementing the security incident response team, intrusion protection solutions, implementing processes based on good practices and the IT risk management process. Rafael Abdo was not subject to the effects of any criminal conviction, any conviction or application of a penalty in an administrative proceeding before the CVM and no final and unappealable conviction, at the judicial or administrative level, which would have resulted in the suspension or disqualification from carrying out any activity. professional or commercial, being, therefore, duly qualified to practice their professional activities. Additionally, Mr. Rafael Abdo declared to the Company that he is not characterized as a politically exposed person, in accordance with CVM Resolution No. 50/21.

Graduated in Electronic Engineering from the Instituto Tecnológico de Aeronáutica – ITA in 1993, he is one of the founders of our Company. He worked as a consultant at Andersen Consulting (currently Accenture) from October 1994 to August 1997, during which time he gained experience in the technology field through various projects in the financial, pharmaceutical, and energy sectors, as well as internal research for the firm in Palo Alto. After founding LWSA in 1998, he served as Director of New Business and Technology. In 2007, he assumed the position of CEO of the Company and, in 2012, joined the Company’s Board of Directors. He currently serves as Vice Chairman of the Company’s Board of Directors. Mr. Gilberto Mautner has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is, therefore, fully qualified to perform his professional duties. Additionally, Mr. Gilberto Mautner has declared to the Company that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Graduated in Computer Science from Unesp – Universidade Estadual Paulista, with postgraduate studies in Business Administration from FGV and an MBA in Telecommunications Systems from Universidade Federal Fluminense. He has over 20 years of experience in the IT market, working in architecture, projects, and operations. He began his career at Dedalus Sistemas (the largest Sun Microsystems partner) as an intern, advancing to Support Manager. He continued his career at the Telefônica/Vivo group, managing B2B Data Center operations and corporate project development. In his most recent role, he served as Superintendent of IT Operations at Dasa, being responsible for a large systemic stabilization project, technological renewal, and continuous improvement, supporting strong demand and NPS growth. In February 2020, he was elected Chief Technology Officer (CTO) of LWSA, with re-election in December 2023. Mr. Gustavo Gomes Salviano has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity, and is therefore fully qualified to perform his professional duties. Additionally, Mr. Gustavo Gomes Salviano has declared to the Company that he is not considered a politically exposed person, pursuant to CVM Resolution No. 50/21.

Mr. Higor de Araújo Franco holds a degree from Anhembi Morumbi University and an MBA in IT Management from Fundação Getúlio Vargas, with additional specializations from IESE/ISE and MIT. He worked on the portfolio and strategy development for UOLDIVEO (a technology company of the UOL Group) as General Manager of Solutions Architecture, Products, and Marketing from 2008 to 2015, leading the Products, IT Architecture, and Marketing areas. At IBM, he served as LA Cloud Manager, working on the global Cloud Computing strategy team and was responsible for managing the product and cloud architecture teams for IBM across Latin America from 2015 to 2016. He then worked at DASA as IT Superintendent/CTO during 2016 and 2017, where he was responsible for implementing digital transformation, managing innovation, and adopting frameworks for technology sustainability and evolution. Currently, at LWSA, he is responsible for the Retail area. Mr. Higor de Araújo Franco has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is, therefore, fully qualified to perform his professional duties. Additionally, Mr. Higor de Araújo Franco has declared to the Company that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

Mr. Rafael Chamas Alves holds a degree in Business Administration from Fundação Getulio Vargas – FGV in São Paulo and an MBA from the School of Economics at the same institution. He developed part of his career at Grupo Abril, where he began as a trainee and was responsible for the financial planning of various business units – including Abril Educação S.A. during its IPO process. He also served as Controller at Tegma Gestão Logística S.A. until 2016. At LWSA, he has served as Chief Financial Officer and Investor Relations Officer since April 2016 and was reappointed to these roles in December 2023. Rafael was named one of the best CFOs in Latin America in the Technology, Media, and Telecommunications sector by Institutional Investor Magazine’s ranking. In February 2025, he assumed the position of Chief Executive Officer (CEO) of LWSA. Mr. Rafael Chamas Alves has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity. He is, therefore, fully qualified to perform his professional duties. Additionally, Mr. Rafael Chamas Alves has declared to us that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.

With over 20 years of career experience, Mr. Otávio Dantas has extensive expertise in business, especially at the intersection of People, Technology, and Operations. He holds a degree in Civil Engineering from the University of São Paulo (USP), an MBA in Finance and Strategy from the University of Michigan, and a specialization in Business Administration and Corporate Finance from Fundação Getúlio Vargas. Before joining LWSA, he built his career in management consulting, spending the last five years as Managing Director & Partner at Boston Consulting Group (BCG), where he led the DigitalBCG unit, the Technology Advantage practice, and more recently, the Technology, Media, and Telecom (TMT) practices. Throughout his career, he primarily worked with customer-focused companies (B2C and B2B2C) across various sectors, including Telecom, Financial Services, Technology, and Consumer Goods. In February 2024, Mr. Otávio Dantas joined LWSA and was elected as the Director of People and Corporate Management of the Company in October 2024. Mr. Otávio has not been subject to any criminal conviction, nor any sanction or penalty in administrative proceedings before the CVM (Brazilian Securities and Exchange Commission), nor any final judicial or administrative ruling that resulted in suspension or disqualification from engaging in any professional or commercial activity, and is thus fully qualified to perform his professional duties. Additionally, Mr. Otávio Dantas de Carvalho has declared to the Company that he is not considered a politically exposed person, in accordance with CVM Resolution No. 50/21.