Intelbras S.A. - Indústria de Telecomunicação Eletrônica Brasileira (BOVESPA:INTB3) entered into an Share Purchase and Sale Agreement to acquire Renovigi Energia Solar S.A from Fluxo Solar Participações Ltda, CT Akimoto Participações Societárias Ltda, Grafeno Participacoes SA, Marzari Solar Participações Societárias Ltda, C14 Participações Societárias Ltda and DD Participações Societárias Ltda. for approximately BRL 330 million on February 15, 2022. The acquisition will take place for the total estimated price of BRL 330 million composed of: (i) the fixed amount of BRL 280 million, which will be paid to the Sellers as follows: (a) BRL 83.58 million with prompt payment; (b) BRL 200 million, paid after a 7 month grace period, in 17 consecutive monthly installments, updated by CDI rate; and (ii) for the variable amount estimated at BRL 50.15 million ("2nd Tranche acquisition price"), which will be paid to the Sellers in 3 variable, annual and consecutive installments.

The amount of the 2nd Tranche acquisition price will be defined upon the verification of eventual achievement of growth targets of the nominal value of Renovigi's referring to the calculation period provided in the Agreement and is related to the performance of the officers of the Sellers. Renovigi reported a revenue of approximately BRL 800 million and EBITDA of BRL 49.8 million in 2021. The agreement is subject to the fulfillment of certain conditions precedent to the usual closing in operations of this nature, including, without limitation, the approval of the acquisition by the Administrative Council for Economic Defense - CADE, regulatory approvals required by law and other economic authorities.

along with the approval or ratification of the Intelbras' shareholders.