Eletrobras Bylaws Amendment - Corporate Governance and Shareholder Rights

This SEC Form 6-K filing contains the amended bylaws of Centrais Elétricas Brasileiras S.A. - Eletrobras, a Brazilian electric power company. The bylaws establish key corporate governance provisions including: a 10% voting cap for any shareholder or group, preventing any single entity from exercising more than 10% of voting rights; special rights for the Federal Government including veto power over certain bylaw amendments and separate election rights for board members; detailed provisions for various share classes including Class C preferred shares that will convert to common shares between 2026-2031; and mandatory tender offer requirements if any shareholder exceeds 30% or 50% of voting capital. The bylaws also outline board composition requirements, management responsibilities, and compliance with anti-corruption legislation including the U.S. Foreign Corrupt Practices Act.