VALE · Vale S.A.

Vale S.A. held its Annual and Extraordinary General Meetings on April 30, 2026, with shareholders representing 82.1% of voting capital participating. All management proposals were approved, signaling strong support for the company's strategic and financial restructuring initiatives. A significant outcome was the approval to merge wholly owned subsidiaries Baovale Mineração S.A. and CDA Logística S.A. into Vale. This simplification of the corporate structure is executed without issuing new shares or increasing capital, suggesting an internal reorganization aimed at operational efficiency.

Shareholders also approved a capital increase of BRL 500 million, raising the total share capital to BRL 77.8 billion. This increase is funded through the capitalization of part of the Income Tax Incentive Reserve related to SUDAM (Superintendence for the Development of the Amazon), rather than a cash call from shareholders. Additionally, the cancellation of 99,847,816 common shares was ratified, adjusting the total share capital to approximately 4.44 billion shares. This share cancellation may indicate a return of capital to shareholders or the utilization of treasury stock. In governance matters, Mr. Marcio Antônio Chiumento was ratified to the Board of Directors, and the Fiscal Council elections were concluded successfully with all four slates approved.