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Minutes of the Extraordinary Shareholders’ Assembly – 10:00 a.m

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By Staff , in Investments , at June 19, 2021









VALID SOLUÇÕES S.A.

Firm Registry (NIRE): 33.3.0027799-4

Company Taxpayer’s ID (CNPJ/ME): 33.113.309/0001-47

MINUTES OF THE EXTRAORDINARY SHAREHOLDERS’ MEETING

HELD ON JUNE 18, 2021

DATE, TIME AND VENUE: June 18, 2021, at 10:00 a.m., in a digital format solely, as per article 4, paragraph 2, merchandise I and article 21-C, paragraphs 2 and three of CVM Instruction 481/09, via the Ten Conferences digital platform (“Digital Platform“).

CALL NOTICE: The decision discover was revealed within the Rio de Janeiro State Official Gazette and Valor Econômico newspaper on Could 19, 20 and 21, 2021.

QUORUM AND ATTENDANCE: Shareholders representing 48% of the voting capital attended the assembly, as per the signatures within the Shareholders’ Attendance Guide, in addition to per the voting varieties acquired by the Firm via the central depository of B3 S.A. – Brasil, Bolsa, Balcão (B3), the bookkeeping agent of the shares issued by the Firm, or immediately by the Firm, reaching the mandatory quorum to put in the Extraordinary Shareholders’ Assembly.

PRESIDING: Chair: Sidney Levy; and Secretary Maria Isabel Tavares.

PREVIOUS RELEASES AND PUBLICATIONS: The administration proposal was beforehand made obtainable on Could 18, 2021, on the web sites of the Brazilian Securities and Change Fee (CVM) and B3, and the Firm’s Investor Relations web page, on Could 18, 2021. The consolidated summarizing distant voting map, consolidating the voting directions acquired by the custody brokers, central depository, bookkeeping agent, and immediately by the Firm, have been made obtainable on June 17th, 2021 on the web sites of the Brazilian Securities and Change Fee (CVM) and B3, and the Firm’s Investor Relations web page.

READING OF DOCUMENTS AND DRAWING UP OF THE MINUTES: As quickly because the Assembly started, the consolidated summarized distant voting map made obtainable on June 17th, 2021 was learn’. Following the studying, the attending shareholders waived the studying of the opposite paperwork associated to the issues on the agenda and approved the drawing up of the minutes in abstract type, in addition to their publication omitting the shareholders’ signatures. Lastly, it was recorded that any votes, abstentions, protests, and dissenting votes introduced shall be acquired, numbered, and licensed by the Presiding Board, and filed on the Firm’s headquarters, as per paragraph 1 of article 130 of Legislation 6,404/76.

AGENDA: To resolve on:

  1. The proposal to grant and enhance the secured fiduciary project on the linked account with restricted motion by the Firm (“Linked Account“), in addition to on all assets deposited and held within the Linked Account and belongings held by the Firm concerning the permitted investments linked to the Linked Account

(“Fiduciary Task“) below the eighth Situation of Easy, Unsecured Debentures Not Convertible into Shares, to be transformed into Secured Debentures, in two (2) Collection (“Debentures“), for Public Distribution with Restricted Efforts of the Firm (“Situation“), as assure of devoted and well timed fee of the obligations contracted by the Firm on Situation;

  1. The proposal for altering the kind of Debentures from unsecured to secured;
  2. Ratify the acts already taken by the Firm’s administration to hold out the Situation; and
  3. Authorize the Firm’s administration to take all of the acts essential to implement the resolutions above, together with, with out limitation, the execution of agreements and different devices for the granting and enchancment of the Fiduciary Task and to vary the kind of Debentures from unsecured to secured, together with an modification to the Indenture of the Situation.

RESOLUTIONS: After analyzing and discussing the issues on the Agenda, the attending shareholders:

  1. approve by a majority vote, as per the voting map in Exhibit I hereto, the granting and enchancment of the secured fiduciary project on: (a) all present or future receivables owned by the Firm concerning the Linked Account 52.028-6, department 8451, held at Itaú Unibanco S.A. (“Depository Financial institution”), with the transactions of which being allowed to be carried out solely by the Depository Financial institution, constituted in order that the quantity akin to 25% (twenty-five %) of the Stability of the Debentures (“Assured Quantity”) in favor of the Debenture holders, together with any and all quantities deposited on Could 17th, 2021, in addition to any and all quantities to be deposited and/or maintained within the Linked Account, together with funds which may be in transit or in financial institution clearing, in addition to all rights, present or future, held and to be held by the Firm because of the quantities deposited or to be deposited within the Linked Account; and (b) all belongings, present or future, held and to be held by the Firm at any time in relation to the permitted investments linked to the Linked Account (the credit score rights of things “a” and “b” above, collectively, the “Assigned Belongings”), together with (with out limitation) assets, rights, revenue, additions, privileges, preferences, prerogatives, shares and claims associated thereto, current or future below the Situation, as a assure of devoted and well timed fee of the obligations contracted by the Firm within the Debentures Situation, via the execution of the “Fiduciary Task Settlement of Credit score Rights and Different Covenants” (“Fiduciary Task Settlement”);
  2. approve by a majority vote, as per the voting map in Exhibit I hereto, the conversion of Debentures from unsecured to secured;
  3. approve by a majority vote, as per the voting map in Exhibit I hereto, the ratification of the acts already taken by the Firm’s administration to hold out the Situation;
  4. approve by a majority vote, as per the voting map in Exhibit I hereto, the authorization to the Firm’s administration to take all of the acts essential to implement the resolutions

above, together with, with out limitation, the execution of agreements and different devices for the granting and enchancment of the Fiduciary Task and conversion of Debentures from unsecured to secured, together with, with out limitation, an modification to the Indenture of the eighth Situation of Easy, Unsecured Debentures Not Convertible into Shares to be Transformed to Secured Debentures, in Two (2) Collection, for Public Distribution with Restricted Efforts of the Firm, and the execution, and respective registration within the competent notary’s places of work, of the Fiduciary Task Settlement.

CLOSURE: There being no additional matter to handle, and as not one of the attending Board members took the ground, the assembly was adjourned for the drawing up of those minutes, which have been learn, accredited, and signed by the attending Board members.

Rio de Janeiro, June 18, 2021.

Presiding:

________________________________

________________________________

Sidney Levy

Maria Isabel Tavares

Chair

Secretary

Shareholders current via distant voting type:

ALASKA 100 ICATU PREV FIFE FIM, ALASKA BLACK ADVISORY XP SEGUROS FIFE PREVIDENCIA, Alaska Black Institucional FIA, Alaska Black Grasp FIA, ALASKA PERMANENT FUND, ALASKA POLAND FIA BDR NIVEL 1, Alaska Previdência Grasp FIM, Alaska Vary FIM, ALLIANZ GL INVESTORS GMBH ON BEHALF OF ALLIANZGI-F, AMERICAN CENTURY ETF TRUST – AVANTIS EMERGING MARK, AMERICAN CENTURY ETF TRUST – AVANTIS EMERGING MARK, AMERICAN ELECTRIC POWER MASTER RETIREMENT TRUST, AMERICAN ELETRIC POWER SYSTEM RETIREE MEDICAL TRUS, AMERICAN HEART ASSOCIATION, INC., BATTELLE MEMORIAL INSTITUTE, BRADESCO FIA MASTER SMALL CAP, BRADESCO H FIA SMALL CAPS, BT WHOLESALE MULTI- MANAGER INTERNATIONAL SHARE FUN, CAPE ANN GLOBAL DEVELOPING MARKETS FUND, CEDAR STREET EMERGING MARKETS VALUE FUND, L.P., CEDAR STREET INTERNATIONAL SMALL CAP FUND L.P., CITY OF LOS ANGELES FIRE AND POLICE PENSION PLAN, CITY OF NEW YORK GROUP TRUST, DIMENSIONAL EMERGING MKTS VALUE FUND, EMER MKTS CORE EQ PORT DFA INVEST DIMENS GROU, ES RIVER AND MERCANTILE GLOBAL HIGH ALPHA FUND, ES RIVER AND MERCANTILE GLOBAL RECOVERY FUND, JATLAN FUNDO DE INVESTIMENTO EM ACOES, LGIASUPER TRUSTEE, LRI CAPITAL MANAGEMENT SA ON BEHALF OF 3J FUND – A, LSV EMERGING MARKETS SMALL CAP EQUITY FUND, LP, MACKENZIE EMERGING MARKETS SMALL CAP FUND, MACKENZIE EMERGING MARKETS SMALL CAP MASTER FUND (, MANAGED PORTFOLIO SERIES INTERNATIONAL SHARES FUND, MILLTRUST INTERNATIONAL INVESTMENTS SPC, NEW YORK STATE COMMON RETIREMENT FUND, NORGES BANK, OREGON PUBLIC EMPLOYEES

RETIREMENT SYSTEM, PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO, QUEENSLAND INVESTMENT TRUST NO.2, SHELL TR (BERM) LTD AS TR O SHELL OV CON P F, SPDR SP EMERGING MARKETS SMALL CAP ETF, THE BOARD OF.A.C.E.R.S.LOS ANGELES,CALIFORNIA, THE CAPE ANN (IRELAND) TRUST, THE DFA INV T CO ON BEH ITS S THE EM SLL CAPS, THE HEALTH FOUNDATION, THE SHELL CONTRIBUTORY PENSION FUND, THE WESTPAC WHOLESALE UNHEDGED INTERNATIONAL SHARE, UNIVERSAL INVEST LUXEMBOURG SA ON BEHALF OF UNIVES, UTAH STATE RETIREMENT SYSTEMS, WEST YORKSHIRE PENSION FUND, WSSP INTERNATIONAL EQUITIES TRUST

Shareholders current via the Ten Conferences Digital Platform:

IVAN MURIAS DOS SANTOS, By Proxy: Sidney Levy – FHS FUNDO DE INVESTIMENTO EM AÇÕES NO EXTERIOR, LAB FUNDO DE INVESTIMENTO EM AÇÕES NO EXTERIOR

Exhibit I

Voting Map

In Extraordinary Shareholdre’s Assembly

Variety of shares

Decision Discription

In favor (Sure)

In opposition to (No)

Abstain

% of Share

% Of Share

% Of Share

1. To resolve on the granting and enchancment of a collateral security within the type of fiduciary project over the

Companys restricted linked account (“Linked Account”), along with all funds deposited and maintained within the Sure

AccountLinked Account and belongings held by the Firm in relation to the allowed investments linked to the Sure

38.891.489

0

344.137

AccountLinked Account (“Fiduciary Task”) within the scope of the eighth Situation of Easy, Unsecured, Non-Convertible

47,39%

0,00%

0,42%

Debentures, Non Convertible into Shares, unsecured, to be transformed into Sort with Actual Assure, in 2 (two) Collection

(“Debentures”), for Public Distribution with the Companys Restricted Efforts (“Situation”), as assure of the devoted and

punctual fee of the obligations contracted by the Firm within the Situation.

2. Approval the conversion of the Debentures sort from unsecured to secured.

38.891.489

0

344.137

47,39%

0,00%

0,42%

3. Ratify the acts already undertaken by the Companys administration to hold out the Situation.

38.891.489

0

344.137

47,39%

0,00%

0,42%

4. To authorize the Companys administration to carry out all mandatory procedures to implement the above resolutions,

together with, with out limitation, the execution of agreements and different devices for granting and bettering the

38.891.489

0

344.137

Fiduciary Task and for changing the kind of Debentures from unsecured to secured, together with an modification

47,39%

0,00%

0,42%

to the Deed of Situation.

Disclaimer

Legitimate Soluções SA revealed this content material on 18 June 2021 and is solely liable for the knowledge contained therein. Distributed by Public, unedited and unaltered, on 18 June 2021 20:12:04 UTC.

Publicnow 2021

All information about VALID SOLUES S.A.

Gross sales 2021 1 929 M
379 M
379 M
Internet revenue 2021 80,0 M
15,7 M
15,7 M
Internet Debt 2021 528 M
104 M
104 M
P/E ratio 2021 7,10x
Yield 2021 3,21%
Capitalization 773 M
153 M
152 M
EV / Gross sales 2021 0,67x
EV / Gross sales 2022 0,57x
Nbr of Workers 6 000
Free-Float 96,5%



Period :


Interval :




Valid Solu

Technical evaluation traits VALID SOLUES S.A.

Brief Time period Mid-Time period Lengthy Time period
Traits Bearish Bullish Impartial



Earnings Assertion Evolution

Consensus




Promote



Purchase

Imply consensus HOLD
Variety of Analysts 5
Common goal value
11,50 BRL
Final Shut Value
9,65 BRL
Unfold / Highest goal 55,4%
Unfold / Common Goal 19,2%
Unfold / Lowest Goal 3,63%




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