B1003

Companhia Brasileira de Serviços Financeiros is a publicly held corporation, with common shares traded on B3 under the ticker ADMF3, in the Novo Mercado segment. The company was originally incorporated on August 24, 2023, in São Paulo, as a limited liability company under the name Reag 53 Participações Ltda. It later went through a corporate reorganization and change of corporate form, being converted into a corporation on February 23, 2024, when it adopted the name Reag Trust S.A. Over the course of 2025, the company changed its corporate name to CIABRASF – Cia. Brasileira de Serviços Financeiros S.A. and, subsequently, to its current name, consolidating its corporate identity as a holding company focused on the financial and fiduciary services segment.

From a regulatory and capital markets perspective, Companhia Brasileira de Serviços Financeiros obtained its securities issuer registration with the Brazilian Securities and Exchange Commission (CVM) on September 11, 2024, initially in category B, later converted to category A on November 26, 2024. On February 12, 2025, B3 granted the company’s request for listing and admission to trading of its shares on the Novo Mercado, with trading beginning on February 28, 2025 under the code ADMF3 and trading name CIABRASF. This move places the company among those listed on B3, subject to the governance practices required by the highest listing standards segment of the Brazilian stock exchange.

The company’s recent corporate history involves significant acquisition, partial spin-off and reorganization transactions. In May 2024, Arandu Investimentos S.A. (the new name of Reag Investimentos S.A.) acquired all the shares of Companhia Brasileira de Serviços Financeiros, which became its wholly owned subsidiary. Subsequently, at meetings held in June 2024, the partial spin-off of Arandu was approved, with the spun-off assets being absorbed by the company, which structured part of the asset base and equity interests. In 2025, a broader corporate reorganization was implemented in the context of the sale of the controlling block to B100 Controle e Participações S.A., the controlling holding of Grupo Planner, culminating in January 2026 with B100 holding approximately 96.93% of the company’s total capital stock and integrating the company into Grupo Planner.

The corporate purpose of Companhia Brasileira de Serviços Financeiros is centered on holding, directly or indirectly, equity interests in legal entities in Brazil and abroad that engage in portfolio management of securities. This scope involves, among other activities, the provision of fiduciary administration services, asset management, protection and defense of the rights and interests of investors in financial transactions, as well as acting as fiduciary intervenor, manager, revenue administrator and monitoring agent. In practice, the company is structured as a pure holding, whose value creation is tied to interests in operating companies specialized in fiduciary services, asset management and distribution of securities, rather than maintaining direct operations with end clients.

Among its main subsidiaries, noteworthy are vehicles dedicated to managing equity interests and operating entities providing financial services. CIABRASF Participações Ltda., a wholly owned subsidiary headquartered in São Paulo, focuses on investing in and managing interests in other companies, domestic or foreign, as well as managing the resources of its subsidiaries. REAG Trust Administradora de Recursos Ltda. concentrates on the provision of asset management and fiduciary services, playing a relevant role as fiduciary administrator of Brazilian private equity funds (FIPs), receivables investment funds (FIDCs) and multimarket funds. REAG Trust Distribuidora de Títulos e Valores Mobiliários S.A. is dedicated to the management of third-party portfolios, securities and other financial instruments and to the administration of investment funds, operating as a distributor of financial services. This structure is complemented by REAG Trust Holding Financeira Ltda., which consolidates the interest in the distributor, and CIABRASF Partners Ltda., focused on investing in and managing equity interests.

The business lines of the subsidiaries of Companhia Brasileira de Serviços Financeiros are concentrated in two main fronts: fiduciary services and distribution of securities. In fiduciary activities, the company manages and administers financial assets on behalf of third parties based on regulated trust relationships, covering administration, custody, bookkeeping, distribution, foreign exchange transactions and services for non-resident investors. In the area of securities distribution, operations include administration and distribution of investment funds, custody, bookkeeping and back-office functions connected to the capital markets. This positioning places the group in a specialized segment of the financial system, tied to the growth of the fund industry in Brazil and to the intermediation of investments through platforms and structures regulated by the CVM and the Central Bank of Brazil.

By the end of the fiscal year on December 31, 2024, Companhia Brasileira de Serviços Financeiros did not yet hold interests in operating companies, having effectively become a holding company owning equity interests only in April 2025, after the capital increase implemented that year. Consequently, in 2024 there was no consolidation of subsidiary results nor any relevant operating revenue, with financial performance marked by corporate maintenance and financial expenses. Due to its nature as a holding, the company’s activities do not require specific government authorizations to carry out its equity participation functions, even though its subsidiaries operate in regulated segments of the capital markets.

In terms of environmental, social and governance practices, Companhia Brasileira de Serviços Financeiros approved, in February 2024, an ESG Policy that guides its internal guidelines on the subject. The holding’s direct activities are considered to have low environmental impact, which is why there is, to date, no adherence to international environmental protection standards nor preparation of greenhouse gas emission inventories. The company does not publish, as of the reference date of the information, an annual sustainability report or specific ESG document, although it is in the process of gradually implementing the guidelines set out in its internal policy. There is also no record of financial contributions to political parties, candidates or activities aimed at influencing public policy, which defines a profile of limited political exposure and one aligned with a more restricted institutional role within the corporate and regulatory environment typical of companies listed on B3.

The inclusion of Companhia Brasileira de Serviços Financeiros in the context of the Brazilian capital markets, through ADMF3 shares on B3’s Novo Mercado, together with the technical specialization of its subsidiaries in fiduciary services, asset management and fund distribution, positions the group in a specific niche within the financial sector. The focus on a holding structure and on interests in regulated companies engaged in portfolio and fund management allows the company to operate as a corporate platform to consolidate businesses geared toward the investment market, without operating directly as a bank or insurer, but integrating the broader financial and capital markets ecosystem in Brazil.