Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of December, 2024

Commission File Number: 001-14475

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TELEFÔNICA BRASIL S.A.
(Exact name of registrant as specified in its charter)

 

TELEFONICA BRAZIL S.A.  
(Translation of registrant’s name into English)

 

Av. Eng° Luís Carlos Berrini, 1376 -  28º andar
São Paulo, S.P.
Federative Republic of Brazil
(Address of principal executive office)

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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F

X

Form 40-F

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes

No

X

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes

No

X

 

 

 

 

 

 

TELEFÔNICA BRASIL S.A.

Publicly held Company

CNPJ No. 02.558.157/0001-62

NIRE No. 35.3.0015881-4

 

MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING

OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

 

1.               DATE, TIME, AND VENUE: On December 18th, 2024, at 2:00 p.m., at the headquarters of Telefônica Brasil S.A. (“Company”), located at Avenida Engenheiro Luiz Carlos Berrini, 1376, Bairro Cidade Monções, city of São Paulo, state of São Paulo.

 

2.               CALL NOTICE: A call notice was published in the newspaper Valor Econômico on November 06, 07 and 08, 2024, pages B7, C5, and A10, respectively, with simultaneous release of the publication online on the page of said newspaper.

 

3.               PUBLICATIONS: All documents related to the subject matters to be resolved on in this Extraordinary Shareholders Meeting (“Meeting”), as set forth in CVM Resolution No. 81/22, as amended (“RCVM 81”), were provided to the shareholders on the Company’s websites (ri.telefonica.com.br), of the Securities and Exchange Commission – CVM (www.gov.br/cvm) and of B3 S.A. – Brasil, Bolsa, Balcão (www.b3.com.br).

 

4.               ATTENDANCE: This Meeting was attended, on first call, by shareholders representing approximately 90.61% of the common shares issued by the Company, which are included in the Shareholders' Attendance Register No. 004, considering the valid remote voting bulletins received through Banco Bradesco S.A., as bookkeeper of the Company's shares, and also directly through the Company, pursuant to RCVM 81, according to the summary voting map consolidating the votes cast remotely, disclosed on December 17, 2024 (“Consolidated Remote Voting Map”). Therefore, there is legal quorum to open this Meeting and resolve on the items included in the agenda.

 

Mr. Breno Rodrigo Pacheco de Oliveira, the Company's General Secretary and Legal Director; and Mr. Stael Prata Silva Filho, member of the Fiscal Board, were also present to provide any necessary clarifications.

 

5.               PRESIDING BOARD: Breno Rodrigo Pacheco de Oliveira - Chairperson of the Meeting; and Nathalia Pereira Leite – Secretary of the Meeting.

 

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TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

 

6.               AGENDA:

 

1.

Deliberate on the reduction of the Company's capital stock, in the amount of two billion reais (R$2,000,000,000.00), without the cancellation of shares, upon refund of amounts to shareholders, pursuant to Article 173 of Law No. 6.404, of December 15, 1976, as amended (“Corporations Law”);

 

2.

Amend Article 5, caput, of the Company's Bylaws to reflect the new value of its capital stock as a result of the proposal contained in item 1 above, if approved;

 

3.

Restate the Company’s Bylaws, in order to reflect the amendment proposed in item 2 above, if approved; and

 

4.

Authorize the Company's management to perform all necessary acts for the conclusion of the resolutions above.

 

7.       RESOLUTIONS:

 

The Chairperson clarified that, as everyone was aware, the main purpose of the Meeting was to discuss and resolve on the proposal to reduce the Company's capital stock, in the amount of two billion reais (R$2,000,000,000.00), without the cancellation of shares, upon reimbursement of funds to shareholders, as it was considered excessive, pursuant to Article 173 of the Corporation Law.

 

Additionally, the Chairperson noted that the matter had been previously analyzed by the Audit and Control Committee, by the Fiscal Board, and by the Company's Board of Directors, which were in favor of all items of the agenda for which they were responsible.

 

 

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TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

Finally, the Chairperson informed that the documentation relevant to this Meeting was available to the shareholders. The attending shareholders agreed with (i) the waiver of the reading of the documents, as they were fully knowns by all, as well as of the Consolidated Remote Voting Map, which were available for consultation, and (ii) the drawing up of these minutes in summary form, pursuant to art. 130, paragraph 1, of the Corporations Law, and any documents or proposals submitted to the meeting, as well as the voting or dissenting declarations will be numbered in sequence, authenticated by the presiding board and by any shareholder that requests it, being shelved at the Company’s principal place of business.

 

After examining and discussing the items of the agenda, the attending shareholders resolved as follows:

 

(1)         Deliberate on the reduction of the Company's capital stock, in the amount of two billion reais (R$2,000,000,000.00), without the cancellation of shares, upon reimbursement of funds to shareholders, pursuant to Article 173 of the Corporations Law.

 

The abstentions (according to the final summary voting map contained in Exhibit A to these minutes) were registered and the reduction of the Company's capital stock, in the amount of two billion reais (R$2,000,000,000.00), without the cancellation of shares, was approved, by majority of votes, as it was considered excessive, pursuant to Article 173 of the Corporation Law, so that the number of shares and the percentage of shareholders' interest in the Company's capital stock will remain unchanged. As a result, the Company's capital stock will be changed from sixty-two billion, seventy-one million, four hundred and fifteen thousand, eight hundred and sixty-five reais and nine centavos (R$62,071,415,865.09) to sixty billion, seventy-one million, four hundred and fifteen thousand, eight hundred and sixty-five reais and nine centavos (R$60,071,415,865.09).

 

 

 

 

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TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

The Reduction will be achieved through a reimbursement to shareholders, in local currency, in the amount of R$1.22651176012 per common share issued by the Company, considering a total of 1,652,588,360 common shares issued by the Company outstanding on this date, excluding 21,947,656 shares issued by the Company held in treasury, carried out on October 31, 2024. The value per common share is calculated based on the shareholding position as of October 31, 2024, and, due to the Company's Share Buyback Program, said amount per common share may change considering the Company's shareholding base to be verified on February 27, 2025.

 

Thus, the shareholding position to be considered to receive the resources resulting from the Reduction will be provided for in the Company's records at the end of February 27, 2025, and, after this date, the shares issued by the Company will be considered ex-reimbursement rights.

 

The resources resulting from the Reduction will be paid in a single installment, until July 31, 2025, on a date yet to be determined by the Company's Management, each shareholder individually and in proportion to their respective participation in the Company's share capital, in accordance with the liquidation procedures established by B3 S.A. – Brasil, Bolsa, Balcão (“B3”) and the bookkeeper institution of the Company's shares, as applicable.

 

The capital reduction will become effective after sixty (60) days period of opposition by creditors, beginning on the publication of these minutes, as provided for in Article 174 of the Corporations Law.

 

(2)         Amend Article 5, caput, of the Company's Bylaws to reflect the new value of its capital stock as a result of the proposal contained in item 1 above, if approved.

 

By majority of votes, the abstentions (according to the final summary voting map provided for in Exhibit A to these minutes) were registered and the amendment to Article 5, main section, of the Company's Bylaws was approved to reflect the new value of its capital stock as a result of the capital reduction approved in item 1 above, so that, after the expiry of the sixty (60) days period of opposition by creditors, provided for in Article 174 of the Corporations Law, Article 5 of the Bylaws will come into force with the following wording:

 

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TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

 

“Art. 5 - The fully paid-up and subscribed capital is sixty billion, seventy-one million, four hundred and fifteen thousand, eight hundred and sixty-five reais and nine centavos (R$60,071,415,865.09), divided into one billion, six hundred and fifty-two million, dive hundred and eighty-eight thousand, three hundred and sixty (1,652,588,360) shares, all common, book-entry shares, without par value.

 

Sole Paragraph - The shares will be held in a deposit account in a financial institution in the name of their holders, without the issue of certificates.”

 

(3)     Restate the Bylaws of the Company, in order to reflect the amendment proposed in item 2 above, if approved.

 

By majority of votes, the abstentions (according to the final summary voting map provided for in Exhibit A to these minutes) were registered and the restatement of the Company's Bylaws was approved, which, after the expiry of the period of 60 (sixty) days provided for in article 174 of the Brazilian Corporation Law, will come into force with the wording provided for in Exhibit B to these minutes.

 

(4)         Authorize the Company's management to perform all necessary acts for the conclusion of the resolutions above.

 

By majority of votes, the abstentions (according to the final summary voting map provided for in Exhibit A to these minutes) were registered and the authorization to the Company's directors to practice all acts necessary to carry out the resolutions above was approved, including and especially the publication of these minutes in the widely circulated newspaper used by the Company, for the purposes of Article 174 of the Corporations Law.

 

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TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

 

8.       VOTING MAP: As per Article 33, paragraph 4, of CVM Resolution No. 80/22, of March 29, 2022, as amended, the final summary voting map is executed by the Meeting’s Chairperson and by Secretary, indicating the quantities of approvals, rejection and abstentions that each resolution received and is part of these minutes as its Exhibit A.

 

9.       CLOSING: There being nothing further to discuss, the Chairperson of the Meeting declared the meeting closed and ordered the suspension of the meeting in order to draw up the minutes in summary form. It was also noted that the shareholders' signatures shall be omitted in the publication of the minutes. The minutes were read, approved, and signed by the members of the Presiding Board, as well as by the attending shareholders and other members identified below, already considering the shareholders that voted remotely, pursuant to article 47, paragraph 1, of RCVM 81.

 

 

Presiding Board: (aa) Breno Rodrigo Pacheco de Oliveira – Chairman of the Meeting, and representing the Administration; Nathalia Pereira Leite – Secretary of the Meeting. Outros: Mr. Stael Prata Silva Filho, member of the Fiscal Board.

 

I certify that this is a faithful copy of the minutes of the 59^th Extraordinary General Meeting of Telefônica Brasil S.A., held on December 18, 2024, drawn up in the appropriate book.

 

 

 

________________________________ Nathalia Pereira Leite Secretary of the Meeting

 

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TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

 

Shareholders:

 

Those in attendance via remote voting bulletin, pursuant to article 47, paragraph 1, of RCVM 81: 

 

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INDEX FUND FIDELITY GLOBAL EX-U.S. EQUITY INDEX INSTITUTIONAL FIDELITY INTERNATIONAL LOW VOLATILITY EQUITY INSTITUTIONAL T FIDELITY INVESTMENT FUNDS FIDELITY INDEX EMERG MARKETS FUND FIDELITY INVESTMENTS MONEY MANAGEMENT INC FIDELITY RUTLAND SQUARE TRUST II: STRATEGIC A E M FUND FIDELITY SALEM STREET T: FIDELITY E M INDEX FUND FIDELITY SALEM STREET T: FIDELITY G EX U.S INDEX FUND FIDELITY SALEM STREET T: FIDELITY TOTAL INTE INDEX FUND FIDELITY SALEM STREET TRUST: FIDELITY FLEX INTERNATIONAL IND FIDELITY SALEM STREET TRUST: FIDELITY INTERNATIONAL SUSTAINA FIDELITY SALEM STREET TRUST: FIDELITY SAI EMERGING FIDELITY SALEM STREET TRUST: FIDELITY SAI EMERGING M I FUND FIDELITY SALEM STREET TRUST: FIDELITY SERIES G EX US I FD FIREMEN S ANNUITY AND BEN. FD OF CHICAGO FIRST TRUST BRAZIL ALPHADEX FUND FIRST TRUST EMERGING MARKETS ALPHADEX FUND FIRST TRUST GLL FUND PLC - FIRST TR EMERG MKTS ALPH UCITS ET FIRST TRUST LATIN AMERICA ALPHADEX FUND FLEXSHARES EMERGING MARKETS QUALITY LOW VOLATILITY INDEX FUN FLEXSHARES MORNINGSTAR EMERGING MARKETS FACTOR TILT INDEX F FORD MOTOR CO DEFINED BENEF MASTER TRUST FORD MOTOR COMPANY OF CANADA, L PENSION TRUST FRANKLIN LIBERTYQT EMERGING MARKETS INDEX ETF FRANKLIN LIBERTYSHARES ICAV FRANKLIN TEMPLETON ETF T - FRANKLIN LIBERTYQ EMERGING M ETF FRANKLIN TEMPLETON ETF TRUST - FRANKLIN FTSE BRAZI FRANKLIN TEMPLETON ETF TRUST - FRANKLIN FTSE LATIN FT WILSHIRE GLOBAL LARGE MINIMUM VARIANCE INDEX FUND FUNDAMENTAL LOW V I E M EQUITY FUNDO DE INVESTIMENTO MULTIMERCADO CP IE -3102 FUTURE FUND BOARD OF GUARDIANS GAM INVESTMENT MANAGEMENT (SWITZERLAND) AG F Z I I-Z A E M P GARD UNIT TRUST GENERAL ORGANISATION FOR SOCIAL INSURANCE GENERAL PENSION AND SOCIAL SECURITY AUTHORITY GLOBAL ALL CAP ALPHA TILTS FUND GLOBAL ALPHA TILTS ESG NON-LENDABLE FUND B GLOBAL EX-US ALPHA TILTS FUND GLOBAL EX-US ALPHA TILTS FUND B GLOBAL MANAGED VOLATILITY FUND GLOBAL TRUST COMP FBO AQR COLLEC INV TRUST-AQR E E C I FUND GMO GLOBAL R RETURN (UCITS) F, A SUB-FUND OF GMO FUNDS PLC GMO MULTI-ASSET TRUST GOLDMAN SACHS ETF ICAV ACTING SOLELY ON BEHALF OF GOLDMAN SACHS ETF TRUST - GOLDMAN S ACTIVEBETA E M E ETF GOLDMAN SACHS ETF TRUST - GOLDMAN SACHS EMERGING M GOVERNMENT EMPLOYEES PENSION FUND GREATBANC COLLECTIVE INVESTMENT TRUST IV GREAT-WEST EMERGING MARKETS EQUITY FUND GUIDEMARK EMERGING MARKETS FUND GUIDESTONE FUNDS EMERGING MARKETS EQUITY FUND H.E.S.T. AUSTRALIA LIMITED HANDELSBANKEN EMERGING MARKETS INDEX HANDELSBANKEN GLOBAL INDEX CRITERIA HANDELSBANKEN LATINAMERIKA TEMA HANDELSBANKEN TILLVAXTMARKNAD TEMA HARTFORD GLOBAL IMPACT FUND HARTFORD INTERNATIONAL CAPITAL APPRECIATION FUND HARTFORD MULTIFACTOR LOW VOLATILITY INTERNATIONAL EQUITY ETF HEXAVEST SYSTEMATIC ESG EMERGING MARKETS EQUITY FU HOSPITAL AUTHRORITY PROVIDENT FUND SCHEME HSBC BANK PLC AS TRUSTEE OF STATE STREET AUT EMERG HUMILITY LTD IBM 401 (K) PLUS PLAN IBM DIVERSIFIED GLOBAL EQUITY FUND ILLINOIS MUNICIPAL RETIREMENT FUND ILLINOIS STATE BOARD OF INVESTMENT IMCO EMERGING MARKETS PUBLIC EQUITY LP IN BK FOR REC AND DEV,AS TR FT ST RET PLAN AND TR/RSBP AN TR INDUSTRIENS PENSIONFORSIKRING Inter Dividendos FIA INTERNATIONAL EQUITIES PASSIVE B UNIT TRUST INTERNATIONAL EXPATRIATE BENEFIT MASTER TRUST INTERNATIONAL MONETARY FUND INVESCO FUNDS INVESCO GLOBAL EMERGING MARKETS FUND (UK) INVESCO INVESTMENT MANAGEMENT LTD, ACTING AS MANAG INVESCO MARKETS III PLC - INV FTSE RI EMERGING MARK U ETF INVESCO MSCI EMERGING MARKETS ESG UNIVERSAL SCREEN INVESCO OPPENHEIMER GLOBAL MULTI-ASSET GROWTH FUND INVESCO SP EMERGING MARKETS LOW VOLATILITY ETF INVESTERINGSFORENINGEN D. I. I. G. E. M. R. - A. KL INVESTERINGSFORENINGEN NYKREDIT INVEST, TAKTISK ALLOKERING INVESTERINGSFORENINGEN SPARINVEST INDEX EMERGING MARKETS IPROFILE INTERNATIONAL EQUITY PRIVATE POOL ISHARES (DE) I INVESTMENTAKTIENGESELLSCHAFT MIT TG ISHARES CORE MSCI EMERGING MARKETS ETF ISHARES CORE MSCI EMERGING MARKETS IMI INDEX ETF ISHARES CORE MSCI TOTAL INTERNATIONAL STOCK ETF ISHARES EDGE MSCI MIN VOL EMERGING MARKETS ETF ISHARES EDGE MSCI MIN VOL GLOBAL ETF ISHARES EMERGING MARKETS DIVIDEND ETF ISHARES EMERGING MARKETS FUNDAMENTAL INDEX ETF ISHARES EMERGING MARKETS IMI EQUITY INDEX FUND ISHARES ESG ADVANCED MSCI EM ETF ISHARES ESG MSCI EM LEADERS ETF ISHARES GLOBAL MONTHLY DIVIDEND INDEX ETF (CAD-HEDGED) ISHARES II PUBLIC LIMITED COMPANY ISHARES III PUBLIC LIMITED COMPANY ISHARES IV PUBLIC LIMITED COMPANY ISHARES MSCI ACWI ETF ISHARES MSCI ACWI EX U.S. ETF ISHARES MSCI ACWI LOW CARBON TARGET ETF ISHARES MSCI BRAZIL ETF ISHARES MSCI BRIC ETF ISHARES MSCI EMERGING MARKETS ETF ISHARES MSCI EMERGING MARKETS EX CHINA ETF ISHARES MSCI EMERGING MARKETS QUALITY FACTOR ETF ISHARES PUBLIC LIMITED COMPANY ISHARES V PUBLIC LIMITED COMPANY ISHARES VI PUBLIC LIMITED COMPANY ITAU FUNDS - LATIN AMERICA EQUITY FUND IVESCO FTSE RAFI EMERGING MARKETS ETF JANA DIVERSIFIED GLOBAL SHARE TRUST JEFFREY LLC JNL EMERGING MARKETS INDEX FUND JOHN HANCOCK FUNDS II INTERNATIONAL STRATEGIC EQUITY ALLOCAT JOHN HANCOCK HEDGED EQUITY INCOME FUND JOHN HANCOCK TRUST COMPANY COLLECTIVE INVESTMENT T JOHN HANCOCK VARIABLE INS TRUST INTERN EQUITY INDEX TRUST JPMORGAN ACTIVEBUILDERS EMERGING MARKETS EQUITY ETF JPMORGAN BETABUILDERS EMERGING MARKETS EQUITY ETF JPMORGAN DIVERSIFIED RETURN EMERGING MARKETS EQUITY ETF JPMORGAN FUND ICVC - JPM EMERGING MARKETS SUSTAINABLE EQUITY JPMORGAN FUNDS JPMORGAN FUNDS LATIN AMERICA EQUITY FUND JUNTO PARTICIPACOES FIA KAPITALFORENINGEN EMD INVEST, EMERGING MARKETS IND KAPITALFORENINGEN INVESTIN PRO, GLOBAL EQUITIES I KAPITALFORENINGEN INVESTIN PRO, GLOBALE AKTIER IND KAPITALFORENINGEN LAEGERNES INVEST, KLI AKTIER GLO KAPITALFORENINGEN LD, SMART BETA-MANDAT KAPITALFORENINGEN PENSAM INVEST, PSI 3 GLOBALE AKTIER 3 KRANESHARES MSCI EMERGING MARKETS EX CHINA INDEX E LACM GLOBAL EQUITY FUND L.P. LATTICE EMERGING MARKETS STRATEGY ETF LAZARD ASSET MANAGEMENT LLC LAZARD EM EQUITY ADVANTAGE FUND LAZARD EMERGING MARKETS EQUITY ADVANTAGE PORTFOLIO LAZARD GLOBAL ACTIVE FUNDS, PLC LAZARD/WILMINGTON ACW EX-US DIVERSIFIED ADVANTAGE LAZARD/WILMINGTON COLLECTIVE TRUST LAZARD/WILMINGTON EMERGING MARKETS EQUITY ADVANTAG LEGAL & GENERAL CCF LEGAL & GENERAL COLLECTIVE INVESTMENT TRUST LEGAL & GENERAL FUTURE WORLD ESG EMERGING MARKETS LEGAL & GENERAL GLOBAL EMERGING MARKETS INDEX FUND LEGAL & GENERAL GLOBAL EQUITY INDEX FUND LEGAL & GENERAL ICAV LEGAL & GENERAL INTERNATIONAL INDEX TRUST LEGAL AND GENERAL ASSURANCE PENSIONS MNG LTD LEGAL AND GENERAL ASSURANCE SOCIETY LIMITED LEGAL GEN FUTURE WRD CLIMATE CHANGE EQTY FACTORS IND FUND LEGAL GENERAL SCIENTIFIC BETA EMERGING MARKETS FUND, LLC LEGAL GENERAL U. ETF P. LIMITED COMPANY LGIASUPER TRUSTEE LGPS CENTRAL ALL WORLD EQUITY CLIMATE MULTI FACTOR LGPS CENTRAL GLOBAL MULTI FACTOR EQUITY INDEX FUND LOCAL AUTHORITIES SUPERANNUATION FUND LOCKHEED MARTIN CORP DEFINED CONTRIBUTION PLANS MASTER TRUST LOCKHEED MARTIN CORP MASTER RETIREMENT TRUST LOS ANGELES COUNTY EMPLOYEES RET ASSOCIATION LOUSIANA STATE EMPLOYEES RETIR SYSTEM LSV EMERGING MARKETS EQUITY FUND LP LSV EMERGING MARKETS EQUITY FUND USA LSV GLOBAL MANAGED VOLATILITY FUND LVIP SSGA EMERGING MARKETS EQUITY INDEX FUND MACKENZIE CORPORATE KNIGHTS GLOBAL 100 INDEX ETF MACQUARIE MULTI-FACTOR FUND MACQUARIE TRUE INDEX EMERGING MARKETS FUND MANAGED PENSION FUNDS LIMITED MANAGEMENT BOARD PUBLIC SERVICE PENSION FUND MBB PUBLIC MARKETS I LLC MERCER QIF FUND PLC MERCER UCITS COMMON CONTRACTUAL FUND METALLRENTE FONDS PORTFOLIO MGI FUNDS PLC MINISTRY OF ECONOMY AND FINANCE MIP ACTIVE STOCK MASTER PORTFOLIO MISSOURI EDUCATION PENSION TRUST MOBIUS LIFE LIMITED MOTOR TRADES ASSOCIATION OF AUSTRALIA SUPERANNUATION F P L MSCI ACWI EX-U.S. IMI INDEX FUND B2 MSCI ACWI MINIMUM VOLATILITY INDEX FUND B MSCI EMERGING MARKETS EX CHINA IMI INDEX FUND MSCI EQUITY INDEX FUND B - BRAZIL MULTIMIX WHOLESALE INTERNATIONAL SHARES TRUST NAT WEST BK PLC AS TR OF ST JAMES PL GL EQUITY UNIT TRUST NAT WEST BK PLC AS TR OF ST JAMES PL ST MANAGED UNIT TRUST NATIONAL COUNCIL FOR SOCIAL SECURITY FUND NATIONAL ELEVATOR INDUSTRY PENSION PLAN NATIONAL EMPLOYMENT SAVINGS TRUST NATIONAL PENSION INSURANCE FUND NBIMC LOW VOLATILITY EMERGING MARKETS EQUITY FUND NEBRASKA PUBLIC EMPLOYEES RETIREMENT SYSTEMS NEW AIRWAYS PENSION SCHEME NEW SOUTH WALLES TR CORP AS TR FOR THE TC EMER MKT SHAR FUND NEW YORK STATE COMMON RETIREMENT FUND NEW YORK STATE TEACHERS RETIREMENT SYSTEM NEW ZEALAND SUPERANNUATION FUND NN (L) NN PARAPLUFONDS 1 N.V NORDEA 1, SICAV- NORDEA 1- LATIN AMERICAN EQUITY FUND NORGES BANK NORTHERN EMERGING MARKETS EQUITY INDEX FUND NORTHERN TRUST COLLECTIVE ALL COUNTRY WORLD I (ACWI) E-U F-L NORTHERN TRUST COLLECTIVE EMERGING MARKETS INDEX FUND-LEND NORTHERN TRUST INVESTIMENT FUNDS PLC NORTHERN TRUST UCITS FGR FUND NOW: PENSION TRUSTEE LIMITED IN ITS CAPACITY AS TR NTGI QM COMMON DAILY ALL COUNT WORLD EXUS EQU INDEX FD LEND NTGI QUANTITATIVE MANAGEMENT COLLEC FUNDS TRUST NTGI-QM COMMON DAC WORLD EX-US INVESTABLE MIF - LENDING NTGI-QM COMMON DAILY EMERGING MARKETS EQUITY I F- NON L NUVEEN/SEI TRUST COMPANY INVESTMENT TRUST OAKLAND POLICE FIRE RET SYSTEM ONEPATH GLOBAL EMERGING MARKETS SHARES(UNHEDGED) INDEX POOL OREGON PUBLIC EMPLOYEES RETIREMENT SYSTEM PACER EMERGING MARKETS CASH COWS 100 ETF PACIFIC GAS A EL COMP NU F Q CPUC DEC MASTER TRUST PACIFIC SELECT FUND PACIFIC SELECT FUND - PD EMERGING MARKETS PORTFOLIO PARAMETRIC EMERGING MARKETS FUND PARAMETRIC TAX-MANAGED EMERGING MARKETS FUND PARAMETRIC TMEMC FUND, LP PEOPLE S BANK OF CHINA PGIM FUNDS PUBLIC LIMITED COMPANY PHILADELPHIA GAS WORKS PENSION PLAN PICTET - EMERGING MARKETS INDEX PICTET CH INSTITUCIONAL-EMERGING MARKETS TRACKER PIMCO EQUITY SERIES: PIMCO RAE EMERGING MARKETS FUND PIMCO EQUITY SERIES: PIMCO RAFI DYNAMIC MULTI-FACTOR EMERGIN PIMCO RAE EMERGING MARKETS FUND LLC POLICE AND FIREMEN'S RETIREMENT SYSTEM OF NEW JERS POOL REINSURANCE COMPANY LIMITED POPLAR TREE FUND OF AMERICAN INVESTMENT TRUST PRUDENTIAL ASSURANCE COMPANY SINGAPORE (PTE) LTD PUBLIC EMPLOYEES' LONG-TERM CARE FUND PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO PUBLIC EMPLOYES RET SYSTEM OF MISSISSIPPI PUBLIC SECTOR PENSION INVESTMENT BOARD QANTAS S LIMITED AS TRU FOR THE QANTAS S PLAN QSMA1 LLC QSUPER RAILWAYS PENSION TRUSTEE COMPANY LIMITED RBC QUBE LOW VOLATILITY EMERGING MARKETS EQUITY FU RIZE UCITS ICAV ROCHE U.S. RETIREMENT PLANS MASTER TRUST RUSSEL EMERGING MARKETS EQUITY POOL RUSSEL INVESTIMENT FUNDS NON.US. FUND RUSSEL INVESTMENTS GLOBAL EQUITY POOL RUSSEL OVERSEAS EQUITY POOL RUSSELL INSTITUTIONAL FDS, LLC - RI EQUITY FD RUSSELL INSTITUTIONAL FUNDS, LLC - REM EQUITY PLUS FUND RUSSELL INSTITUTIONAL FUNDS, LLC-RUSSELL GLOBAL EQUITY P F RUSSELL INVESTMENT COMPANY - RUSSELL I D MARKETS FUND RUSSELL INVESTMENT COMPANY EMERGING MARKETS FUND RUSSELL INVESTMENT COMPANY GLOBAL EQUITY FUND RUSSELL INVESTMENT COMPANY PUBLIC LIMITED COMPANY RUSSELL INVESTMENT COMPANY RUSSELL TAX-MANAGED INTERNATIONAL RUSSELL INVESTMENT MANAGEMENT LTD AS TRUSTEE OF THE RUSSELL RUSSELL INVESTMENT MANAGEMENT LTD.AS T OF THE R M-A F E FUND RUSSELL INVESTMENTS CANADIAN DIVIDEND POOL RUSSELL INVESTMENTS INTERNATIONAL SHARES FUND RUSSELL TR COMPANY COMMINGLED E. B. F. T. R. L. D. I. S. RUSSELL TRUST COMPANY COMMINGLED EMPLOYEE BENEFIT FUNDS T RUTGERS, THE STATE UNIVERSITY S. F. AG O. B. O. S. (CH) I. F. V. S. (CH) I. E. F. E. M. R SALT RIVER PIMA-MARICOPA INDIAN C SAN DIEGO CITY EMPLOYEES RETIREMENT SYSTEM SAS TRUSTEE CORPORATION POOLED FUND SBC MASTER PENSION TRUST SCHOOL EMPLOYEES RETIREMENT SYSTEM OF OHIO SCHRODER EMERGING MARKETS VALUE FUND SCHRODER INTERNATIONAL SELECTION FUND SCHWAB EMERGING MARKETS EQUITY ETF SCHWAB FUNDAMENTAL EMERG0ING MARKETS LARGE COMPANY INDEX ETF SCHWAB FUNDAMENTAL EMERGING MARKETS LARGE COMPANY INDEX FUND SCHWAB INTERNATIONAL DIVIDEND EQUITY ETF SCOTIA EMERGING MARKETS EQUITY INDEX TRACKER ETF SCOTTISH WIDOWS INVESTMENT SOLUTIONS FUNDS ICVC- FUNDAMENTAL SCOTTISH WIDOWS MANAGED INVESTMENT FUNDS ICVC -INT SEI CATHOLIC VALUES TRUST - CATHOLIC VALUES EQUITY FUND SEI GLOBAL MASTER FUND PLC - THE SEI FACTOR ALLOCA SEI GLOBAL MASTER FUND PLC, THE SEI EMERGING MKT EQUITY FUND SEI INST INT TRUST EM MKTS EQUITY FUND SEI INST INVEST TR WORLD EQ EX-US FUND SEI INSTITUCIONAL INVESTMENT TRUST - WORLD S. E. F. SEI INSTITUTIONAL INVESTMENTS TRUST SWE EX-US FUND SEI SELECT EMERGING MARKETS EQUITY ETF SHELL FOUNDATION SIONNA STRATEGIC INCOME FUND SOUTHERN CAL ED C N F Q C DC MT S ON P VD N G SP INTERNATIONAL SHARES TRUST SPAENGLER IQAM INVEST GMBH FOR SPAENGLER IQAM EQ EMER MKTS SPARTAN GROUP TRUST FOR EMPLOYEE BENEFIT PLANS: SP SPARTAN GROUP TRUST FOR EMPLYEE BENEFIT PLANS: SPARTAN EMERG SPDR MSCI EMERGING MARKETS FOSSIL FUEL FREE ETF SPDR MSCI EMERGING MARKETS STRATEGICFACTORS ETF SPDR S&P EMERGING MARKETS EX-CHINA ETF SPDR SP EMERGING MARKETS ETF SPDR SP EMERGING MARKETS FUND SSGA MSCI ACWI EX-USA INDEX NON-LENDING DAILY TRUST SSGA MSCI BRAZIL INDEX NON-LENDING QP COMMON TRUST FUND SSGA SPDR ETFS EUROPE I PLC SSGA SPDR ETFS EUROPE II PUBLIC LIMITED COMPANY ST STR MSCI ACWI EX USA IMI SCREENED NON-LENDING COMM TR FD STATE OF ALASKA RETIREMENT AND BENEFITS PLANS STATE OF CALIFORNIA MASTER TRUST STATE OF CONNECTICUT ACTING T. ITS TREASURER STATE OF IND PUBLIC EMPL RET FUND STATE OF MINNESOTA STATE EMPLOYEES RET PLAN STATE OF NEW MEXICO STATE INV. COUNCIL STATE OF WYOMING STATE ST GL ADV TRUST COMPANY INV FF TAX EX RET PLANS STATE STREET ACTIVE EM MKTS SEC LEND QP COM TR FD STATE STREET EMERGING MARKETS E N-L C TRUST FUND STATE STREET EMERGING MARKETS EQUITY INDEX FUND STATE STREET GLOBAL A LUX SICAV - SS EM SRI ENHANCED E F STATE STREET GLOBAL A. L. S. - S. S. E. M. ESG S. E. E. F. STATE STREET GLOBAL ADVISORS LUX SICAV - S S G E M I E FUND STATE STREET GLOBAL ALL CAP EQUITY EX-US INDEX PORTFOLIO STATE STREET IRELAND UNIT TRUST STATE STREET SCREENED MSCI ACWI MINIMUM VOLATILITY STATE STREET VARIABLE INSURANCE SERIES FUNDS, INC STATE TREASURER OF MICH CUSTODIAN OF PUBLIC S EMPL RTMNT S STICHING PENSIOENFONDS VOOR HUISARTSEN STICHITING BLUE SKY ACT EQ EM MK GL FUND STICHTING BEDRIJFSTAKPENSIOENFONDS V H BEROEPSVERVOER O D WE STICHTING BEDRIJFSTAKPENSIOENFONDS VOOR DE DETAILHANDEL STICHTING DEPOSITARY APG EME MULTI CLIENT POOL STICHTING DEPOSITARY APG EMERGING MARKETS EQUITY POOL STICHTING JURIDISCH EIGENAAR ACHMEA INVESTMENT MAN STICHTING PENSIOENFDSVOOR DE WONINGCORPOR. STICHTING PENSIOENFONDS HOOGOVENS STICHTING PENSIOENFONDS ING STICHTING PENSIOENFONDS PGB STICHTING PENSIOENFONDS UWV STICHTING PENSIOENFONDS VAN DE ABN AMRO BK NV STICHTING PENSIOENFONDS WERK EN (RE)INTEGRATIE STICHTING PENSIONENFONDS VAN DE METALEKTRO (PME) STICHTING PGGM DEPOSITARY STICHTING PHILIPS PENSIOENFONDS SUN AMERICA SERIES TRUST-EMERGING MARKETS POR SUNAMERICA SERIES TRUST SA EMERGING MARKETS EQUITY SUPERANNUATION FUNDS MANAGEMENT CORPORATION OF S AUSTRALIA SWISS FONDS AG, FAOBO SWC (CH) IND FD I - SWC CH I EQ F E MK SWISSCANTO F. AG A. B. OF S. S. E. M. E. FUND TEACHER RETIREMENT SYSTEM OF TEXAS TEACHERS RETIREMENT ALLOWANCES TEACHERS RETIREMENT SYSTEM OF OKLAHOMA TEACHERS RETIREMENT SYSTEM OF THE STATE OF ILLINOIS TEXAS MUNICIPAL RETIREMENT SYSTEM THE BANK OF N. Y. M. (INT) LTD AS T. OF I. E. M. E. I. F. UK THE BANK OF NEW YORK MELLON EMP BEN COLLECTIVE INVEST FD PLA THE BOARD OF THE PENSION PROTECTION FUND THE BOEING COMPANY EMPLOYEE RETIREMENT PLANS MASTER TRUST THE CHASE MAN BK AS TR OF DELTA MASTER FD THE EMERGING M.S. OF THE DFA I.T.CO. THE HARTFORD GLOBAL REAL ASSET FUND THE HARTFORD INTERNATIONAL VALUE FUND THE INCUBATION FUND, LTD. THE MASTER T BK OF JPN, LTD AS T OF NIKKO BR EQ MOTHER FUND THE MASTER TRUST BANK OF JAP, LTD. AS TR. FOR MTBJ400045828 THE MASTER TRUST BANK OF JAP., LTD. AS TR. FOR MTBJ400045829 THE MASTER TRUST BANK OF JAPAN, LTD. AS T. FOR MTBJ400045835 THE MASTER TRUST BANK OF JAPAN, LTD. AS TR FOR MUTB400045792 THE MASTER TRUST BANK OF JAPAN, LTD. AS TRU FO MTBJ400045849 THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FO THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FOR MUTB4000 THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE OF THE MASTER TRUST BANK OF JAPAN, LTD. TRUSTEE MUTB400045794 THE METHODIST HOSPITAL THE MONETARY AUTHORITY OF SINGAPORE THE NOMURA T AND B CO LTD RE I E S INDEX MSCI E NO HED M FUN THE PENSION RESERVES INVESTMENT MANAGEMENT BOARD THE PRUDENTIAL INVESTMENT PORTFOLIOS, INC. - PGIM THE PUBLIC INSTITUITION FOR SOCIAL SECURITY THE REGENTS OF THE UNIVERSITY OF CALIFORNIA THE SEVENTH SWEDISH NATIONAL PENSION FUND - AP7 EQUITY FUND THRIFT SAVINGS PLAN THRIFT SAVINGS PLAN THRIVENT CORE EMERGING MARKETS EQUITY FUND THRIVENT INTERNATIONAL ALLOCATION FUND THRIVENT INTERNATIONAL ALLOCATION PORTFOLIO THRIVENT PARTNER EMERGING MARKETS EQUITY PORTFOLIO TIAA-CREF FUNDS - TIAA-CREF EMERGING MARKETS EQUITY I F TOTAL INTERNATIONAL EX U.S. I MASTER PORT OF MASTER INV PORT TRINITY COLLEGE CAMBRIDGE UNIV OF PITTSBURGH MEDICAL CENTER SYSTEM UNIVERSAL INVEST LUXEMBOURG SA ON BEHALF OF UNIVEST UNIVERSAL-INVESTMENT-GE. MBH ON B. OF LVUI EQ. EM. MKTS UNIVERSAL-INVESTMENT-GESELLSCHAFT MBH ON BEHALF OF UI-S UPMC HEALTH SYSTEM BASIC RETIREMENT PLAN USAA INTERNATIONAL FUND UTAH STATE RETIREMENT SYSTEMS UTD NAT RELIEF AND WORKS AG FOR PAL REFUGEE IN THE NEAR EAST VALIC COMPANY I - EMERGING ECONOMIES FUND VANGUARD EMERGING MARKETS SHARES INDEX FUND VANGUARD EMERGING MARKETS STOCK INDEX FUND VANGUARD ESG INTERNATIONAL VANGUARD F. T. C. INST. TOTAL INTL STOCK M. INDEX TRUST II VANGUARD FIDUCIARY TRT COMPANY INSTIT T INTL STK MKT INDEX T VANGUARD FUNDS PLC / VANGUARD ESG EMERGING MARKETS VANGUARD FUNDS PLC / VANGUARD ESG GLOBAL ALL CAP U VANGUARD FUNDS PUBLIC LIMITED COMPANY VANGUARD INTERNATIONAL CORE STOCK FUND VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD INDEX F VANGUARD INV FUNDS ICVC-VANGUARD FTSE GLOBAL ALL CAP INDEX F VANGUARD INVESTMENT SERIES PLC VANGUARD INVESTMENT SERIES PLC / VANGUARD ESG EMER VANGUARD TOTAL INTERNATIONAL STOCK INDEX FD, A SE VAN S F VANGUARD TOTAL WORLD STOCK INDEX FUND, A SERIES OF VARIABLE INSURANCE PRODUCTS FUND II: INTERNATIONAL VERDIPAPIRFONDET KLP AKSJE FREMVOKSENDE MARKEDER F VERDIPAPIRFONDET KLP AKSJE FREMVOKSENDE MARKEDER INDEKS I VERDIPAPIRFONDET KLP AKSJEFREMVOKSENDE MARKEDER ME VERIZON MASTER SAVINGS TRUST VICTORIAN FUNDS MAN C A T F V E M T VICTORY MARKET NEUTRAL INCOME FUND VIDENT INTERNATIONAL EQUITY FUND - WI VIRGINIA RETIREMENT SYSTEM VOYA EMERGING MARKETS HIGH DIVIDEND EQUITY FUND VOYA EMERGING MARKETS INDEX PORTFOLIO VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUN VOYA MULTI-MANAGER EMERGING MARKETS EQUITY FUND VOYA VACS INDEX SERIES EM PORTFOLIO VOYA VACS SERIES EME FUND WASHINGTON STATE INVESTMENT BOARD WELLINGTON DIVERSIFIED INFLATION HEDGES FUND WELLINGTON MANAGEMENT FUNDS (IRELAND) PLC WELLINGTON TRUST COMPANY N.A. WILMINGTON MULTI-MANAGER ALTERNATIVES FUND WILMINGTON TRUST FIDUCIARY SERVICES COMPANY C I T FOR E WILMINGTON TRUST RETIREMENT AND INST S C COLLECTIVE I TRUST WILSHIRE BRIDGEWATER MANAGED ALPHA MASTER FUND LIM WM POOL - EQUITIES TRUST NO 74 WM POOL - EQUITIES TRUST NO. 75 WM POOL - GLOBAL EQUITIESTRUST N 6 XTRACKERS XTRACKERS (IE) PUBLIC LIMITED COMPANY XTRACKERS MSCI ACWI EX USA ESG LEADERS EQUITY ETF

 

 

 

7

TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

Those attending in person:

 

___________________________________________ TELEFÓNICA LATINOAMÉRICA HOLDING, S. L. TELEFÓNICA S.A. TELEFÓNICA CHILE S.A. (by Nathalia Pereira Leite)

____________________________________________ TELEFÓNICA LATINOAMÉRICA HOLDING, S. L. TELEFÓNICA S.A. Represented by S3 Caceis Brasil Distribuidora de Títulos e Valores Mobiliários S.A. (by Nathalia Pereira Leite)

 

8

TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

 

 

 

_____________________________________________________ AMUNDI ETF ICAV - AMUNDI PRIME ALL COUNTRY WORLD UCITS ETF Represented by Banco BNP Paribas Brasil S.A. (by Karina Francisca de Andrade)   _____________________________________________________ IT NOW IBOVESPA FUNDO DE ÍNDICE IT NOW IDIV FUNDO DE INDICE IT NOW ISE FUNDO DE INDICE IT NOW PIBB IBRX-50 FUNDO DE ÍNDICE ITAÚ AÇÕES DIVIDENDOS FI ITAÚ ASGARD AÇÕES FUNDO DE INVESTIMENTO ITAÚ ASGARD INSTITUCIONAL AÇÕES FUNDO DE INVESTIMENTO ITAU CAIXA ACOES FI ITAÚ DUNAMIS MASTER FUNDO DE INVESTIMENTO EM AÇÕES ITAÚ EXCELÊNCIA SOCIAL AÇÕES FUNDO DE INVESTIMENTO SUSTENTÁVEL ITAU FTSE RAFI BRAZIL 50 CAPPED INDEX FIA ITAÚ HUNTER TOTAL RETURN MULTIMERCADO FI ITAU IBOVESPA ATIVO MASTER FIA ITAÚ IBRX ATIVO MASTER FIA ITAÚ INDEX AÇÕES IBOVESPA FI ITAU INDEX ACOES IBRX FI ITAÚ INFLAÇÃO MULTIESTRATÉGIA MULTIMERCADO FUNDO DE INVESTIMENTO ITAÚ INFLATION EQUITY OPPORT AÇÕES ITAÚ INFLATION EQUITY OPPORTUNITIES MULTIMERCADO FUNDO DE INVESTIMENTO ITAÚ INSTITUCIONAL INFLAÇÃO MULTIESTRATÉGIA MULTIMERCADO FUNDO DE INVESTIMENTO ITAÚ MASTER HUNTER LONG ONLY FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESPONSABILIDADE LIMITADA ITAÚ MOMENTO II AÇÕES FUNDO DE INVESTIMENTO ITAU PHOENIX ACOES FI ITAÚ S&P B3 LOW VOLATILITY FUNDO DE INVESTIMENTO EM AÇÕES ITAÚ SIRIUS FUNDO DE INVESTIMENTO EM AÇÕES Represented by Itaú Unibanco S.A. / Itaú Unibanco Asset Management Ltda. (by Karina Francisca de Andrade)         _____________________________________________________ ÁGORA DIVERSIFICAÇAO INDEX FIA ÁGORA DIVIDENDOS INDEX FIA ÁGORA TOP 10 INDEX FIA B-INDEX MORNINGSTAR BRASIL PESOS IGUAIS FUNDO DE ÍNDICE B-INDEX MORNINGSTAR SETORES CÍCLICOS BRASIL FUNDO DE ÍNDICE BRADESCO DIVIDENDOS INDEX FIFE FUNDO DE INVESTIMENTO EM ACOES B BRADESCO F.I. MULTIMERCADO LONG SHORT BRADESCO F.MP- - FGTS - CARTEIRA LIVRE BRADESCO FIA DIVIDENDOS BRADESCO FIA IBOVESPA PLUS BRADESCO FIA IBRX MULTIPATROCINADO BRADESCO FIA INSTITUCIONAL IBRX ATIVO BRADESCO FIA MASTER DIVIDENDOS BRADESCO FIA MASTER IBOVESPA BRADESCO FIA MASTER IBRX BRADESCO FIA MASTER PREVIDENCIA BRADESCO FIA MASTER PREVIDENCIA IBOVESPA ATIVO BRADESCO FIA NICA BRADESCO FIA SMART ALLOCATION BRADESCO FIF EM AÇOES OASIS I BRADESCO FIM FUNDAÇÃO AMAZONAS SUSTENTAVEL - FAS BRADESCO FUNDO DE INVESTIMENTO EM ACOES MASTER LONG BIASED BRADESCO FUNDO DE INVESTIMENTO EM ACOES MASTER LONG ONLY BRADESCO FUNDO DE INVESTIMENTO EM AÇÕES SALUBRE BRADESCO FUNDO DE INVESTIMENTO EM AÇÕES ZINCO BRADESCO FUNDO DE INVESTIMENTO MULTIMERCADO LONG AND SHORT BRADESCO H FUNDO DE INVESTIMENTO AÇÕES DIVIDENDOS BRADESCO H FUNDO DE INVESTIMENTO EM AÇÕES IBOVESPA BRADESCO MASTER EQUITY HEDGE PREV FIFE FIF MULT RESP LTDA BRADESCO MULTIPORTFOLIO F.M.P FGTS CL BRADESCO SEGUROS - GESTÃO BRAM - LIVRE RV BRADESCO TIGER FUNDO DE INVESTIMENTO EM AÇOES BRAM F.I.A IBrX-50 BRAM FIA IBOVESPA BRAM FIA IBOVESPA ATIVO BRAM FIA IBRX ATIVO BRAM FIA INSTITUCIONAL BRAM FIA LONG ONLY BRAM FIM EQUITY HEDGE BRAM FUNDO DE INVESTIMENTO EM AÇÕES BRAM FUNDO DE INVESTIMENTO EM AÇOES CRESCIMENTO BRAM H FUNDO DE INVESTIMENTO AÇÕES DIVIDENDOS BRAM H FUNDO DE INVESTIMENTO AÇÕES INSTITUCIONAL BRAM H FUNDO DE INVESTIMENTO EM AÇÕES IBOVESPA GESTÃO BRAM H FUNDO DE INVESTIMENTO EM AÇÕES PASSIVO IBRX BRAM LONG BIASED FUNDO DE INVESTIMENTO EM ACOES ETF BRADESCO IBOVESPA FUNDO DE ÍNDICE FIA ARUBA FIA IBOVESPA 157 Represented by Banco Bradesco S.A. (by Mayara Cristina Messias)         _____________________________________________________ ALLIANZ EQUITY EMERGING MARKETS 1 AMUNDI ESG GLOBAL LOW CARBON FUND AMUNDI FUNDS AMUNDI INDEX SOLUTIONS CANDRIAM SUSTAINABLE EMERGENCE M LOMBARD ODIER FUNDS MOST DIVERSIFIED PORTFOLIO SICAV ONEMARKETS FUND STICHTING BEDRIJFSTAKPENSIOENFONDS V H S, A,ENGLASZETBEDRIJF STICHTING PENSIOENFONDS VOOR DE ARCHITECTENBUREAUS Represented by S3 Caceis Brasil Distribuidora de Títulos e Valores Mobiliários S.A. (by Karina Francisca de Andrade)

 

9

TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

 

_____________________________________________________ VERA MARIA RAMOS BASTOS (by Luiza Silva Rodrigues)

_____________________________________________________ ERIVALDO COELHO BASTOS Acionista

 

Others:

 

 

 

 

_________________________________

Stael Prata Silva Filho

Member of the Fiscal Board

 

 

_________________________________

Luciana Doria Wilson

Member of the Fiscal Board

 

 

 

10

TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

Exhibit A

Final Summary Voting Map

 

 

1.

Deliberate on the reduction of the Company's capital stock, in the amount of two billion reais (R$2,000,000,000.00), without the cancellation of shares, upon refund of amounts to shareholders, pursuant to Article 173 of Law No. 6.404, of December 15, 1976, as amended (“Corporations Law”);

 

ON	Approve	Reject	Abstain
1,474,748,127	1,474,667,898	38,390	41,839

 

2.

Amend Article 5, caput, of the Company's Bylaws to reflect the new value of its capital stock as a result of the proposal contained in item 1 above, if approved;

 

ON	Approve	Reject	Abstain
1,474,748,127	1,474,668,243	38,701	41,183

 

 

3.

Restate the Company’s Bylaws, in order to reflect the amendment proposed in item 2 above, if approved; and

 

ON	Approve	Reject	Abstain
1,474,748,127	1,474,668,036	39,617	40,474

 

 

4.

Authorize the Company's management to perform all necessary acts for the conclusion of the resolutions above.

 

ON	Approve	Reject	Abstain
1,474,748,127	1,474,678,209	32,900	37,018

 

 

 

11

TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

 

Exhibit B

 

BYLAWS OF

TELEFÔNICA BRASIL S.A.

 

CHAPTER I - CHARACTERISTICS OF THE COMPANY

 

LEGAL REGIME

 

Art. 1 – Telefônica Brasil S.A. is a joint-stock company, governed by these Bylaws and other applicable legal provisions, with indefinite duration.

 

CORPORATE PURPOSE

 

Art. 2 - The purpose of the Company is the following:

 

a) exploitation of telecommunications services;

 

b) development of activities necessary or useful to the execution of these services, in conformity with the concessions, authorizations and permissions granted thereto;

 

c) exploitation of value added services, including the provision, without definitive assignment, of audio, video, image and text, applications and similar contents;

 

d) exploitation of integrated solutions, management and provision of services related to: (i) data center, including hosting and colocation; (ii) storage, processing and management of data, information, texts, images, videos, applications and information systems and similar activities; (iii) information technology; (iv) information and communications security; (v) telecommunications; and (vi) electronic security systems related to theft, intrusion, fire and others;

 

e) licensing and sub-licensing of software of any nature.

 

Sole Paragraph – In the achievement of its purpose, the Company may incorporate to its equity third-party assets and rights, as well as:

 

 

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TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

I - participate in other companies’ capital, including in order to comply with the national telecommunications policy;

 

II - establish companies or subsidiaries for the execution of activities included in its purpose and that are recommended to be decentralized;

 

III - promote the import of goods and services necessary for the execution of activities included in its purpose;

 

IV - provide technical assistance services to telecommunications companies, carrying out activities of common interest;

 

V - manage and provide services of maintenance, assistance and technical support in computing and equipment related to the Company’s activities;

 

VI - provide consultancy services related to the Company’s activities;

 

VII - prepare, implement and install projects related to the Company’s activities;

 

VIII - manage and provide engineering services and carry out civil construction or related works, necessary for the execution of projects related to the Company’s activities;

 

IX - provide monitoring services related to the Company’s activities;

 

X - provide business intermediation services in general;

 

XI - commercialize and lease equipment and materials necessary or useful for the exploitation of its activities, including precision and measurement equipment and electronic sensors;

 

XII - conduct studies and research activities aimed at the development of the telecommunications sector;

 

XIII - to enter into agreements and partnerships with other telecommunication service operators or any persons or entities with the purpose of ensuring the operation of the services, without prejudice to the attributions and responsibilities; and

 

XIV - carry out other similar or related activities that are attributed thereto by the Brazilian Telecommunications Agency - ANATEL.

 

13

TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

 

PRINCIPAL PLACE OF BUSINESS

 

Art. 3 - The principal place of business of the Company is in the Capital City of the State of São Paulo, and the Company may create and extinguish, by decision of the Executive Office, branches, agencies and subsidiaries, offices, departments and representations, at any point of the Brazilian territory, as set forth in art. 20 (vii) of these Bylaws.

 

CHAPTER II - CAPITAL

 

AUTHORIZED CAPITAL

 

Art. 4 - The Company is authorized to increase its capital up to the limit of one billion, eight hundred and fifty million (1,850,000,000) common shares, and the Board of Directors is the body with authority to resolve on the increase and consequent issue of new shares, within the limit of the authorized capital.

 

Sole Paragraph - The shareholders shall have preemptive rights in the subscription of capital increase, at the proportion of the number of shares they have. By resolution of the Board of Directors, the preemptive right in the issue of shares, debentures convertible into shares and subscription bonus, the placement of which is made upon sale in Stock Exchange or public subscription, exchange for shares in public offering to acquire control, pursuant to articles 257 and 263 of the Corporations Law, as well as enjoyment of tax incentives, pursuant to special legislation, may be excluded, as allowed by art. 172 of Law No. 6,404/76.

 

SUBSCRIBED CAPITAL

 

Art. 5 - The fully paid-up and subscribed capital is sixty billion, seventy-one million, four hundred and fifteen thousand, eight hundred and sixty-five reais and nine centavos (R$60,071,415,865.09), divided into one billion, six hundred and sixty-three million, five hundred and fifty-six thousand, seven hundred and thirty-one (1,652,588,360) shares, all common, book-entry shares, without par value.

 

Sole Paragraph - The shares will be held in a deposit account in a financial institution in the name of their holders, without the issue of certificates.

 

 

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TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

 

CHAPTER III - SHARES

 

COMMON SHARES

 

Art. 6 - Each common share corresponds to one vote in the resolutions of the Shareholders’ General Meetings.

 

CHAPTER IV - GENERAL MEETING

 

Art. 7 - The Shareholders’ General Meetings will be held: (i) ordinarily, once a year, in the first four (4) months after the closing of each fiscal year, pursuant to art. 132 of Law No. 6,404/76, and (ii) extraordinarily, whenever necessary, whether due to the corporate interests, or to the provisions of these Bylaws, or when the applicable legislation so requires.

 

Sole Paragraph - The Shareholders’ General Meetings will be called by the Board of Directors, being incumbent upon the Chairperson of said body to implement such act.

 

Art. 8 - The following shall be submitted to the previous approval of the Shareholders’ General Meeting: (i) the execution of agreements with related parties, the terms and conditions of which are more onerous to the Company than those usually adopted by the market in similar contracting, observing, in any case, the provisions of art. 117 of Law No. 6,404/76; and (ii) the execution of management service agreements, including technical assistance, with foreign entities related to the Company’s controlling shareholder.

 

Art. 9 - The Shareholders’ General Meetings will be chaired by the Chairperson of the Board of Directors, who shall indicate, among the attendees, the Secretary. In the absence of the Chairperson of the Board of Directors, the shareholders shall choose the chairperson and the secretary of the presiding board.

 

Sole Paragraph - In the situations of art. 136 of Law No. 6,404/76, the first call of the Shareholders’ General Meeting will be made at least thirty (30) days in advance, and at least ten (10) days in advance in second call.

 

Art. 10 - Only the shareholders the shares of which are registered in their names, at the appropriate book, up to seventy-two (72) hours before the date designated for the respective General Meeting may participate and vote in the General Meeting.

 

 

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TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

Paragraph 1 - The call notice may condition the attendance of the shareholder, in the General Meeting, to the submission, at the Company’s principal place of business, of the proof of their status of shareholder, issued by the Company itself or by the depositary institution of the Company’s shares, up to seventy-two (72) hours before the date scheduled for the Shareholders’ General Meeting.

 

Paragraph 2 - The call notice may also condition the representation of the shareholder by an attorney-in-fact, at the Meeting, to the submission of the respective power of attorney at the Company’s principal place of business up to seventy-two (72) hours before the date scheduled for the Shareholders’ General Meeting.

 

CHAPTER V – MANAGEMENT OF THE COMPANY

 

Art. 11 - The Management of the Company is incumbent upon the Board of Directors and the Executive Office, with the attributions granted by law and by these Bylaws. Its members will be elected for a term of three (3) years, reelection permitted, and they are exempted from offering a guarantee for the exercise of their functions.

 

Paragraph 1 - All members of the Board of Directors and of the Executive Office will take office upon the execution of the respective instruments, remaining in their respective positions until the effective investiture of their successors.

 

Paragraph 2 - The Shareholders’ General Meeting shall establish the global compensation of the Company’s managers, including the benefits of any nature and the representation allowances, and the Board of Directors has authority to distribute this compensation among their members and those of the Executive Office.

 

Paragraph 3 - The Shareholders’ General Meeting may assign to the managers a share in the Company’s profits, provided that the provisions of art. 152, paragraphs 1 and 2 of Law No. 6,404/76 are observed, as per the proposal submitted by the management.

 

Paragraph 4 - The Company and its controlling shareholder shall maintain, during the term of the concession and its extension, the effective existence, in the Brazilian territory, of the centers for resolution and implementation of the strategic, managerial and technical implementation involved in the compliance with the concession agreements in which the Company is a party.

 

 

 

 

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TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

BOARD OF DIRECTORS

 

COMPOSITION

 

Art. 12 - The Board of Directors shall be comprised of, at least, five (5) and at most seventeen (17) members, elected to and dismissed from the body by the general meeting, observing the provisions of the applicable legislation, including in this number the members elected by the minority shareholders, if any.

 

Sole Paragraph - The Board of Directors shall appoint, among its members, the Chairperson of the body, or its substitute, in case of vacancy. At the Board of Directors’ discretion, the Vice-Chairperson of the body may be appointed and/or dismissed.

 

SUBSTITUTION

 

Art. 13 - In case of impediment or absence of the Chairperson of the Board of Directors, they will be replaced by the Vice-Chairperson, if any. In the absence of the Vice-Chairperson, the Chairperson will be substituted by another member of the Board indicated thereby.

 

Paragraph 1 - In case of impediment or absence of any other members of the Board of Directors, the impeded or absent Counselor shall indicate, in writing, their substitute, among the other members of the Board of Directors, to represent them or resolve on the meeting which they may not attend, pursuant to paragraph 3 of art. 17 of these Bylaws.

 

Paragraph 2 - The members of the Board of Directors that indicate representatives, as set forth in the previous paragraph, will be considered, for all effects, present at the respective meeting.

 

Art. 14 - In the event of vacancy in the positions of the members of the Board of Directors, remaining less than the minimum number of members provided for in art. 12 above, a Shareholders' General Meeting shall be called for the election of substitutes.

 

 

AUTHORITY

 

Art. 15 - It will be incumbent upon the Board of Directors:

 

(i) - to establish the general conduct of the Company’s business;

 

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TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

 

(ii) - to approve the Company’s budget and annual business plan;

 

(iii) - to call the Shareholders’ General Meeting of the Company;

 

(iv) - to approve the financial statements and the management’s report of the Company and submit them to the Shareholders’ General Meeting;

 

(v) - to elect or dismiss, at any time, the members of the Executive Office, establishing their attributions, observing the legal and statutory provisions;

 

(vi) - to approve the creation of technical and advisory Committees to advise it on matters of the Company's interest, elect the members of such Committees, and approve their internal regulations, which will contain specific rules on composition, functions, authority, compensation, and operation;

 

(vii) - to supervise the management of the Company’s Officers, examine at any time the Company’s books, request information on agreements to be executed or about to be executed, and any other acts;

 

(viii) - to approve the Company’s organizational structure, being able to set limit to the Executive Office for the exercise of such functions, observing the legal and statutory provisions;

 

(ix) - to approve and amend the internal regulations of the Board of Directors;

 

(x) - to resolve on the issue of shares by the Company, with capital increase, within the limit of the authorized capital, defining the terms and conditions of this issue;

 

(xi) - to resolve on the issue of subscription bonus;

 

(xii) - to resolve, by delegation of the Shareholders’ General Meeting, on the following aspects in the issue of debentures by the Company: (i) opportunity of the issue, (ii) time and conditions of maturity, amortization or redemption, (iii) time and conditions of payment of interest, profit sharing and reimbursement bonus, if any, (iv) form of subscription or placement, and (v) type of debentures;

 

(xiii) - to resolve on the issue of simple debentures, not convertible into shares and without in rem guarantee;

 

 

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TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

(xiv) - to resolve on the issue of promissory notes for public distribution (“Commercial Papers”) and on the submission of the Company’s shares to a deposit regime for commercialization of the respective certificates ("Depositary Receipts");

 

(xv) - to authorize the acquisition of shares issued by the Company, for being canceled or held in treasury and disposed of at a later stage;

 

(xvi) - to authorize the disposal of the assets directly connected to the public telecommunications services being used;

 

(xvii) - to authorize the disposal of real properties, the creation of in rem guarantees and the posting of guarantees to third parties obligations, being able to establish limits to the practices of such acts by the Executive Office;

 

(xviii) - to establish, in an internal rule, the limits for the Executive Office to authorize the disposal or encumbrance of goods of the permanent assets, including those related to the public telecommunications services that are deactivated or unserviceable;

 

(xix) - to approve the Company’s participation in consortia in general, as well as the terms of such participation, being able to delegate such attribution to the Executive Office, within the limits it establishes, always aiming at the development of the activities of the Company’s corporate purpose;

 

(xx) - to establish the limits for the Executive Office to authorize the practice of reasonable free acts to the benefits of employees or the community in which the Company participates, including the donation of assets unserviceable to the Company;

 

(xxi) - to approve the creation and extinction of the Company’s subsidiaries in Brazil or abroad;

 

(xxii) - to approve the assumption of any obligation, not provided for in the Company’s budget, in an amount higher than two hundred and fifty million reais (R$250,000,000.00);

 

(xxiii) - to authorize the execution of agreements, not provided for in the Company’s budget, in an amount higher than two hundred and fifty million reais (R$250,000,000.00);

 

 

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TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

(xxiv) - to approve the conduction of investments and acquisition of assets, not provided for in the Company’s budget, in an amount higher than two hundred and fifty million reais (R$250,000,000.00);

 

(xxv) - to authorize the acquisition of permanent shareholding interest in other companies and burden or disposal of shareholding interest;

 

(xxvi) - to approve the distribution of interim dividends;

 

(xxvii) - to choose and dismiss independent auditors;

 

(xxviii) - to indicate and dismiss the head of the internal audit, who will report to the Board of Directors, through the Audit and Control Committee, when in operation, as well as the head of the Wholesale Executive Office, who is responsible exclusively for all service processes, commercialization and delivery of the products related to the Reference Offers of the Products in the Wholesale Market; and

 

(xxix) - to approve the Company’s career and salary plan, incentives and professional development policies, the rules and staff, as well as the terms and conditions of the collective bargaining agreements to be entered into with the unions representing the categories of the Company’s employees and adhesion to or withdrawal form supplementary pension funds, all with relation to the Company’s employees, and the Board of Directors may, when considering necessary, establish limits for the Executive Office to resolve on these matters.

 

Art. 16 - The specific duties of the Chairperson of the Board of Directors are: (a) to represent the Board in the call notice of the Shareholders’ General Meeting; (b) to chair the Shareholders’ General Meeting and choose the Secretary among the attendees; and (c) to call and chair the meetings of the Board of Directors.

 

MEETINGS

 

Art. 17 - The Board of Directors shall meet (i) ordinarily, once every three (3) months, and (ii) extraordinarily, upon call from its Chairperson, and the minutes with its resolutions shall be drawn up.

 

Paragraph 1 - The meetings of the Board shall be called in writing, at least forty-eight (48) hours in advance, and the call notice shall contain the agenda and the subject matters to be resolved on in the respective meeting.

 

 

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TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

Paragraph 2 - The Board of Directors shall resolve by majority of votes, the majority of its acting members being presents, and the Chairman, in addition to the regular vote, shall have the casting vote, in the event of a tie.

 

Paragraph 3 - Any Board member has the option of being represented by another Counselor at the meetings which they may not attend, provided that such granting of representation powers be made upon a written instrument.

 

Paragraph 4 - Without prejudice of the later execution of the respective minutes, the meetings of the Board of Directors may be conducted via conference call, videoconference, or any other means of communication that allows to identify the attending members, as well as their simultaneous communication. The board members may also participate through the written statement of their votes, even if they are not physically present.

 

EXECUTIVE OFFICE

 

COMPOSITION

 

Art. 18 - The Executive Office shall be comprised of at least three (3) and at most fifteen (15) members, shareholders or not, resident in the country, who will be elected by the Board of Directors, as follows: (a) Chief Executive Officer; (b) Chief Financial and Investor Relations Officer; (c) General Secretary and Legal Director; (d) other Officers without specific designation.

 

Paragraph 1 - The individual attributions of the Officers without specific designation shall be defined by the Board of Directors, which may also establish a specific designation to said positions.

 

Paragraph 2 - The same Officer may be elected to accumulate the attributions of more than one position in the Executive Office.

 

Art. 19 – In the event of temporary absences and impediments, it will incumbent upon the Chief Executive Officer to designate, among the members of the Executive Office, their substitute as well as those of the Executive Officers. In case of vacancy in the Executive Office, the respective substitution shall be resolved by the Board of Directors.

 

 

 

 

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TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

AUTHORITY OF THE EXECUTIVE OFFICE AND REPRESENTATION OF THE COMPANY

 

Art. 20 - The Executive Office is the body that actively and passively represents the Company, being incumbent thereupon, and upon its members, individually, as the case may be, to comply and cause the compliance with these Bylaws, the resolutions of the Board of Directors and of the Shareholders’ General Meeting, and practice all acts necessary or convenient for the management of the corporate businesses. It is incumbent upon the Executive Office, collectively, to:

 

(i) - propose to the Board of Directors general plans and programs of the Company, specifying the investment plans in the expansion and modernization of the plant;

 

(ii) - authorize, within the limits established by the Board of Directors in an internal normative instrument, the disposal or encumbrance of the goods of the permanent assets, including those related to the public telecommunications services that are deactivated or unserviceable, as well as to submit to said body the disposal or encumbrance of the goods that exceed these limits;

 

(iii) - submit for the Board of Directors and to the Fiscal Board, the Annual Management Report and the Financial Statements, accompanied by the independent auditors' opinion, as well as the proposal for allocation of the profits ascertained in the year;

 

(iv) - approve, in accordance with the limits established by the Board of Directors: a) purchases of materials, equipment, goods, works and services; b) sales of goods from the assets;

 

(v) - approve the execution of other agreements, not mentioned above, in accordance with the limits imposed by the Board of Directors;

 

(vi) - annually approve the planning of financial transactions and, quarterly, a summary of the compliance with said planning;

 

(vii) - approve the creation and extinction of branches, offices, agencies, subsidiaries and representations of the Company in the country;

 

(viii) - approve, as attributed thereto by the Board of Directors, the Company’s organizational structure, keeping the Board of Directors informed in that regard;

 

 

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TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

(ix) - provide for the compliance with the rules of ethical conduct of the Company, established by the Board of Directors;

 

(x) - prepare and propose to the Board of Directors the Company’s institutional responsibility policies, such as environment, health, safety and social responsibility of the Company and implement the approved polices;

 

(xi) - authorize, in accordance with the limits established by the Board of Directors, the practice of reasonable free acts to the benefits of employees or the community in which the Company participates, including the donation of assets unserviceable to the Company; and

 

(xii) - approve the creation of technical and advisory Committees to advise it on matters of the Company's interest, elect the members of such Committees, and approve their internal regulations, which will contain specific rules on composition, functions, authority, compensation, and operation.

 

Paragraph 1 - The resolutions of the Executive Office shall be taken by majority of votes, the majority of its acting members, and the Chief Executive Officer, in addition to the regular vote, shall have the casting vote, in the event of a tie.

 

Paragraph 2 - Except for the cases set forth in paragraph 4 and observing the provisions included in these Bylaws, the Company may be legally bound as follows: i) by the joint signature of two (2) statutory Officers, except in cases of urgency, when the separate signature of the Chief Executive Officer and “ad referendum” of the Executive Office will be allowed, pursuant to the provisions of art. 21, A-5, of these Bylaws; ii) by the signature of one (1) statutory Officer, acting jointly with one (1) Attorney-in-Fact; and iii) by the signature of two (2) Attorneys-in-Fact, acting jointly, provided they are vested with specific powers.

 

Paragraph 3 - Except for the cases provided for in paragraph 4, the powers of attorney shall always be signed by two (2) Officers and shall specify the powers granted and, except for those for judicial purposes, have a maximum term of validity of one (1) year.

 

Paragraph 4 - The Company may be represented by only one Officer or one Attorney-in-Fact with specific powers, for the performance of the following acts:

 

(i) receiving and payment of amounts;

 

(ii) signing of correspondence that does not create obligations to the Company;

 

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TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

 

(iii) representation of the Company at members' meetings of companies in which it has an interest;

 

(iv) granting of powers to attorney for judicial or administrative representation;

 

(v) representation in court or in administrative proceedings, except for the practice of acts that imply waiver of rights;

 

(vi) representation in public bidding procedures and private selections in which the Company participates, aiming at the provision of services included in its corporate purpose; and

 

(vii) performance of acts of simple administrative routine, including before public partitions, mixed-capital companies, commercial registries, Labor Courts, Brazilian Institute of Social Security (INSS), Unemployment Compensation Fund (FGTS) and their collection banks, and others of the same nature.

 

AUTHORITY OF THE MEMBERS OF THE EXECUTIVE OFFICE

 

Art. 21 – The members of the Executive Office have specific authority to perform the following acts:

 

A – CHIEF EXECUTIVE OFFICER:

 

1. To represent the Company, in court or out of court, before the shareholders and the public in general, being able to attorneys-in-fact together with other Officer and designate agents, delegate authority to the other Officers to practice specific acts;

 

2. To follow and inspect the implementation of the determinations of the Board of Directors regarding their activities and attributions;

 

3. To establish guidelines, coordinate and supervise the Company’s activities related to: finance and control; corporate funds; legal area in general; institutional relations; regulation; corporate communication; Telefônica Foundation; human resources; networks and field operations; corporate strategy and planning; information technology; customer service and quality; corporate business; mobile business; fixed business;

 

4. To call the Executive Office’s meetings;

 

 

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TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

5. To practice acts of urgency "ad referendum" of the Executive Office; and

 

6. To carry out other duties that are determined by the Board of Directors.

 

B - FINANCIAL AND INVESTOR RELATIONS OFFICER:

 

1. To establish guidelines and supervise the Company’s activities in the economic and financial area and management of the securities issued by the Company, accounting and management control, as well as to supervise the management of supplementary pension funds;

 

2. To represent the Company before the Securities and Exchange Commission - CVM, the stock exchanges and other inspection bodies of the securities market;

 

3. To delegate, if necessary, authority to the other Officers to practice specific acts;

 

4. To represent the Company as set forth in these Bylaws; and

 

5. To carry out other activities that are determined by the Board of Directors.

 

C – GENERAL SECRETARY AND LEGAL DIRECTOR:

 

1. To establish guidelines and supervise the Company’s activities in the legal area in general;

 

2. To delegate, if necessary, authority to the other Officers to practice specific acts;

 

3. To represent the Company as set forth in these Bylaws; and

 

4. To carry out other activities that are determined by the Board of Directors.

 

D - OFFICER WITHOUT SPECIFIC DESIGNATION:

 

1. To exercise the individual functions and attributions that are determined by the Board of Directors;

 

2. To sign, jointly with other statutory Officer, the documents and acts that require the signature of two Officers; and

 

3. To represent the Company as set forth in these Bylaws.

 

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TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

 

CHAPTER VI - FISCAL BOARD

 

Art. 22 - The Fiscal Board, of a permanent nature, shall be comprised of at least three (3) and at most five (5) effective members and the same number of alternates.

 

Paragraph 1 - The compensation of the members of the Fiscal Board, in addition to the reimbursement of expenses incurred in travel and accommodation required for performance of their duties, will be established by the Shareholders’ General Meeting at which they are elected, and cannot be, per member in office, less than ten percent (10%) of the average compensation assigned to each Officer, not including benefits of any nature, representation allowances and profit sharing.

 

Paragraph 2 - In case of vacancy of the position of member of the Fiscal Board, said member will be substituted by their respective alternate. If most of the positions become vacant, the General Meeting shall be called to elect their substitutes.

 

Paragraph 3 - The Fiscal Board shall meet, (i) ordinarily, once every quarter and, (ii) extraordinarily, upon call by the Chairperson of the Board of Directors, of by two (2) members of the Fiscal Board, and the minutes of its resolutions shall be drawn up.

 

Paragraph 4 - The meetings of the Fiscal Board shall be called in writing, at least forty-eight (48) hours in advance, and the call notice shall contain the agenda, with the list of the subject matters to be examined in the respective meeting.

 

 

 

 

 

CHAPTER VII - FISCAL YEAR AND FINANCIAL STATEMENTS

 

FISCAL YEAR

 

Art. 23 - The fiscal year will coincide with the civil year, and half-yearly or quarterly balance sheets or balance sheets in periods shorter may be prepared, in addition to the annual balance sheet.

 

 

 

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TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

ALLOCATION OF PROFITS

Art. 24 – Together with the financial statements, the Board of Directors will submit to the Annual General Meeting, proposal on (i) the sharing of profits with employees and managers and (ii) the full allocation of the net profits.

 

Paragraph 1 - From the net profits of the year: (i) five percent (5%) will be allocated to the legal reserve, aiming at ensuring the physical integrity of the capital, limited to twenty percent (20%) of the paid-up capital; (ii) twenty-five percent (25%) of the net profits adjusted as per items II and III of art. 202 of Law No. 6,404/76 will be mandatorily distributed as mandatory minimum dividend to all shareholders; and (iii) the remaining balance, after complying with the provisions of the previous items of this article, will be allocated as determined by the Shareholders’ General Meeting, based on the proposal of the Board of Directors included in the financial statements. If the balance of the profit reserves exceeds the capital, the Shareholders’ General Meeting will resolve on the application of the excess in the payment or increase of the capital or, also, in the distribution of additional dividends to shareholders.

 

Paragraph 2 - The dividends not claimed within three (3) years from the resolution of its distribution, will revert to the benefit of the Company.

 

Art. 25 - The Company may declare, by resolution of the Board of Directors, dividends: (i) to the account of profits ascertained in half-yearly balance sheets; (ii) to the account of profits ascertained in quarterly balance sheets or balance sheets in periods shorter, provided that the total dividends paid in each semester of the fiscal year does not exceed the amount of capital reserves addressed in paragraph one of art. 182 of Law No. 6,404/76; or (iii) to the account of accrued profits or reserves of profits existing in the last annual or half-yearly balance sheet.

 

Sole Paragraph - Interim dividends distributed pursuant to this article shall be attributed to the mandatory minimum dividend.

 

Art. 26 - By resolution of the Board of Directors and observing the legal provisions, the Company may pay to its shareholders, interest on equity, which may be attributed to the mandatory minimum dividend, “ad referendum” of the general meeting.

 

CHAPTER VIII - MISCELLANEOUS

 

Art. 27 - The Company shall be liquidated as set forth in the law, and the Shareholders’ General Meeting have the authority to determine the form of liquidation and indicate the liquidator.

 

 

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TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 NIRE No. 35.3.0015881-4   MINUTES OF THE 59th EXTRAORDINARY SHAREHOLDERS MEETING OF TELEFÔNICA BRASIL S.A., HELD ON DECEMBER 18th, 2024

Art. 28 - The approval by the Company, through its representatives, of incorporation, spin-off, merger or dissolution of its controlled companies shall be preceded by an economic and financial analysis by an independent company, with international reputation, confirming that equal treatment is being given to all interested companies, the shareholders of which will have full access to the report of said analysis.

 

Art. 29 - In case of any omissions in these Bylaws, the Company will be governed by the applicable legal provisions.

 

**********

Presiding Board:

 

_______________________________ Breno Rodrigo Pacheco de Oliveira Chairperson of the Meeting and Management Representative

_________________________________ Nathalia Pereira Leite Secretary of the Meeting

 

 

 

 

 

28

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

			TELEFÔNICA BRASIL S.A.
Date:	December 18, 2024		By:	/s/ João Pedro Carneiro
				Name:	João Pedro Carneiro
				Title:	Investor Relations Director

 

 

 

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