AXIA Energia S.A. Migration to Novo Mercado and Share Conversion

AXIA Energia S.A. announced its migration to the Novo Mercado, the highest corporate governance standard in Brazil. This migration involves the conversion of Class A1 and B1 preferred shares into common shares (ON) and the exclusive trading of common shares (AXIA3) and convertible Class C preferred shares (AXIA7). The conversion ratio is 1.1 ON shares for each preferred share, with the process expected to be completed by June 10, 2026. Fractional shares will be sold via auction, with proceeds distributed to shareholders. This move simplifies the company's capital structure, enhances share liquidity, and strengthens corporate governance.