MAPT4 Cemepe Investimentos

Cemepe Investimentos S.A. is a holding company for equity interests, with common and preferred shares traded on B3 under the tickers MAPT3 and MAPT4. The company was originally incorporated on March 1, 1991, under the name Companhia Marcopolo de Participações, following the partial spin-off of Marcopolo S.A. Carrocerias e Ônibus. In this process, it received assets mainly related to financial and equity investments, including stakes in Marvin Investimentos S.A. and Banco Arbi S.A. Since its inception, its corporate purpose has been tied to the management of equity interests, without directly operating industrial, commercial, or labor-intensive service activities with its own workforce.

On April 30, 1993, the company changed its corporate name to Cemepe Investimentos S.A., marking the consolidation of its identity as an investment vehicle. Its main focus became managing a portfolio of equity interests, acting as a shareholder or quota holder in other companies. Over time, Cemepe Investimentos adopted a holding company profile, concentrating on evaluating capital allocation opportunities, managing financial and equity assets, and restructuring its indebtedness, rather than developing its own commercial operation with a large administrative structure.

A relevant milestone in the company’s trajectory occurred on August 15, 1997, when Cemepe acquired quotas of BSB Participações Ltda., a member of the consortium that won the bid for São Paulo Band B mobile telephone services, represented by BCP S.A. This decision placed the holding in the Brazilian mobile telephony chain at a time of expansion in the telecommunications sector. The strategic expectation at the time was that exposure to the telephony segment would generate significant economic returns through the appreciation and results of BCP S.A. However, the telephony operation faced high indebtedness and insufficient cash generation, resulting in a history of losses at BCP S.A., which negatively impacted the potential return associated with this investment.

On November 14, 2003, BSB Participações Ltda. sold the shares it held in BCP S.A., a transaction carried out in the context of the transfer of the operator’s control to América Móvil S.A. de C.V. This move ended Cemepe Investimentos’ exposure to the São Paulo mobile telephony asset, marking the divestment from a segment that had been considered strategic a few years earlier. From that period on, the company began directing efforts toward reorganizing its financial profile and seeking new investment alternatives, always within its nature as a holding company for equity interests.

Cemepe Investimentos’ operational structure is very lean, with no own employee base. The company’s activities use the infrastructure of Arbi Rio Incorporações Imobiliárias Ltda., which provides the administrative and operational support needed to conduct its corporate and financial routines. This setup reflects the typical business model of holding companies that operate primarily in the management of equity interests, with low need for direct personnel and a focus on capital allocation decisions, debt negotiation, asset evaluation, and the conduct of shareholders’ meetings and corporate acts related to its investees.

Cemepe Investimentos’ corporate purpose is centered on taking part in other companies as a quota holder or shareholder, without being limited to any specific operating sector of the real economy. The company guides its activities toward studying business conditions and opportunities that may enable the resumption and expansion of its investments, especially after completing debt restructuring processes. In this context, MAPT3 and MAPT4 shares on B3 represent the means of accessing the capital of a structure whose value is tied to the performance of its equity interests, the evolution of its financial position, and strategic investment and divestment decisions in different assets.

With respect to geographic presence and international operations, Cemepe Investimentos does not operate abroad, concentrating its activities and interests in the Brazilian domestic market. Its sectoral exposure is defined by the assets in its portfolio over time, which may include financial institutions, real estate development companies, or other businesses, but always from the perspective of control or equity investment, not direct operation. The company’s activities are not subject to any specific sector regulation for public services or concessions, but are governed by the general rules applicable to publicly held corporations, including the governance and disclosure requirements imposed by B3 and Brazilian capital markets regulation.

Regarding environmental, social, and governance matters, Cemepe Investimentos does not disclose detailed social and environmental information, in line with its profile as a holding company with no significant own production operations. Sustainability, environmental responsibility, and social impact aspects tend to be more directly observed at the investee companies, when applicable, rather than within the holding structure itself. In terms of governance, the listing of its shares on B3 requires compliance with legal and regulatory obligations related to the transparency of financial and corporate information, but the company does not specifically disclose formal sustainability policies or its own ESG reports.