• Magazine Luiza’s board met on November 10, 2026, backing proposed charter changes for shareholder consideration.
• The proposed authorized capital limit would allow issuance of up to 1,551,890,020 new common shares without further charter amendments.
• Other proposed charter changes would eliminate the mandatory tender offer requirement triggered by reaching a significant ownership stake.
• An extraordinary shareholders’ meeting will consider the proposals online on December 2, 2026, at 3 p.m. Brasília time.
• Directors also endorsed ratifying Priscyla Lopes Alves Laham as an independent director through the 2027 annual shareholders’ meeting.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magazine Luiza SA published the original content used to generate this news brief on November 11, 2026, and is solely responsible for the information contained therein.