BELORA RDVC CITY DESENVOLVIMENTO IMOBILIÁRIO S.A., traded on B3 under the ticker CCTY3 and with the trading name RDVC CITY, is a company focused on real estate development that emerged from a recent corporate reorganization in the sector. Originally incorporated on October 20, 2023, as Redevco 04 Participações Ltda., as a limited liability company in São Paulo, it underwent a series of corporate and name changes until reaching its current configuration. In February 2024 it was converted into a corporation under the name Redevco Properties S.A., later changed to RDVC City S.A. in October 2024 and, finally, to BELORA RDVC CITY DESENVOLVIMENTO IMOBILIÁRIO S.A. in July 2025. Throughout this process, the company obtained registration as a securities issuer with the Brazilian Securities and Exchange Commission (CVM), migrated from category B to category A and, in April 2025, had its shares admitted for trading on the Novo Mercado segment of B3.

The company’s trajectory is directly linked to Viver Incorporadora e Construtora S.A., which in October 2024 acquired all shares of then RDVC City, turning it into a wholly owned subsidiary. In November 2024, the partial spin-off of Viver was approved, with the transfer of a portfolio of real estate assets and equity interests to the company, a transaction that was effectively implemented on April 28, 2025. As of that date, BELORA RDVC CITY DESENVOLVIMENTO IMOBILIÁRIO S.A. ceased to be merely a corporate structure without operations and began to hold interests in special purpose entities (SPEs) and silent partnerships (SCPs) tied to real estate projects. Up to the end of fiscal year 2024, the company did not report operating revenues, as it did not yet hold interests in operating companies, a situation that changes with the incorporation of the spun-off portfolio as from 2025.

The corporate purpose of BELORA RDVC CITY DESENVOLVIMENTO IMOBILIÁRIO S.A. was redefined in October 2024 to encompass a broad spectrum of activities in the real estate market. The company focuses on real estate development, construction of properties and the provision of civil engineering services, in addition to the purchase and sale, management, leasing, encumbrance and exploitation of properties, whether completed or under development, both residential and commercial. Also included in its corporate scope are the development of urban subdivisions, the leasing and management of real estate, consulting for the development and implementation of real estate projects – including marketing strategies – and the execution of real estate investments of any nature. Additionally, the company may participate as a partner, shareholder or quotaholder in other companies, in Brazil or abroad, reinforcing its role as a platform for organizing and developing projects in the sector.

In its ownership structure, the company operates as a parent and investor in specific vehicles dedicated to real estate projects. BELORA RDVC CITY DESENVOLVIMENTO IMOBILIÁRIO S.A. is the controlling shareholder of Inpar Projeto 116 SPE Ltda., the development company for the Viver Caxias project, whose activities include the purchase and sale of properties, leasing, subdivision or parcelling of land and real estate development of units intended for sale. In addition, the company participates as a partner in VI-REVFLO Criciumal Sociedade em Conta de Participação, created for the purpose of financing the Criciumal project, in which Rev Mooca Desenvolvimento Imobiliário SPE Ltda. acts as the managing partner. This structure indicates a business model based on holding interests in SPEs and SCPs dedicated to specific projects, focused on development, sale and, in some cases, exploitation of properties.

Although it has a broad corporate purpose, BELORA RDVC CITY DESENVOLVIMENTO IMOBILIÁRIO S.A. was still in the early stages of operational structuring at the end of 2024, with no products, services or revenues recognized in that fiscal year. The company is characterized as a holding company, whose results tend to derive from the performance of the real estate projects conducted by its subsidiaries and investees. Project monetization may occur through the sale of residential or commercial units, disposal of land and subdivisions, exploitation of rental and leasing of properties, as well as potential capital gains from divestments of equity interests. Diversification among development, construction and exploitation of real estate suggests exposure to different stages of the real estate cycle, although there is still no consolidated track record of revenues by segment disclosed for the first years of operation.

BELORA RDVC CITY DESENVOLVIMENTO IMOBILIÁRIO S.A.’s activities are concentrated in the Brazilian real estate market, with no recorded revenue abroad in the last reported fiscal year. The projects tied to its holdings, such as Viver Caxias and Criciumal, are inserted in specific regional contexts, depending on factors such as local demand for properties, mortgage credit conditions, land price dynamics and urban regulatory frameworks. There is no indication of operations in other countries or of being subject to foreign regulation, which reinforces the domestic nature of its asset base and target market.

From a regulatory standpoint, the company’s activities, through its subsidiaries and investment vehicles, are subject to a broad set of real estate and environmental rules in Brazil. Real estate development is governed by Law No. 4,591/1964, which defines obligations such as prior registration of the project with the real estate registry office, identification of the registration number in advertising materials and contracts, execution of the construction, transfer of ownership of the units and the recording of the completed work and condominium specifications after completion. In addition to federal legislation, each project must comply with municipal zoning laws, building codes and urban planning rules, as well as environmental regulations within the remit of federal, state and municipal authorities. Construction activities also involve waste management in accordance with guidelines from the National Environment Council, environmental licensing where applicable and possible compensatory measures imposed by the competent authorities.

In terms of environmental, social and governance practices, BELORA RDVC CITY DESENVOLVIMENTO IMOBILIÁRIO S.A. approved an ESG Policy in February 2024, setting out principles and guidelines to steer the conduct of its business. The company views its direct activities as low environmental impact and, as of the reporting date, had not adhered to international environmental protection standards or prepared greenhouse gas emissions inventories. The ESG policy is in a gradual implementation process, with an action plan being drawn up to address regulatory requirements and enhance governance over environmental and social topics. The company does not yet publish an annual sustainability report or equivalent document, nor does it currently adopt a formalized materiality matrix or externally audited ESG key performance indicators, but it indicates an intention to advance on this agenda as its structure and operations become more established.

In its relationship with the public sector and the political environment, the company states that, up to the reference date of the information provided, it had not made direct or indirect financial contributions to candidates or political officeholders, to parties or to initiatives aimed at influencing public policy decisions. It also does not show material dependence on patents, trademarks, licenses, concessions, franchises or royalty agreements for the development of its activities, operating on the basis of real estate assets, development projects and corporate structures. With shares listed on B3’s Novo Mercado under the ticker CCTY3, BELORA RDVC CITY DESENVOLVIMENTO IMOBILIÁRIO S.A. positions itself as a corporate vehicle for the consolidation and development of real estate projects linked to the controlling group, focusing on construction, development and management of interests in residential and commercial projects in Brazil.