Light : Manangement Proposal AEGM

MANAGEMENT PROPOSAL

ANNUAL AND EXTRAORDINARY SHAREHOLDERS' MEETING

TO BE HELD ON APRIL 27, 2022

CNPJ/ME No. 03.378.521/0001-75

NIRE 33.3.0026.316-1 Publicly Held Company

MANAGEMENT PROPOSAL OF THE ANNUAL AND EXTRAORDINARY SHAREHOLDERS'

MEETING

Dear Sirs,

The Management of Light SA ("Light " or " Company ") invites its shareholders to participate in the Annual and Extraordinary Shareholders' Meeting ("General Meeting " or "Meeting"), to be held on April 27, 2022, at 11:00 a.m., exclusively by digital means, pursuant to paragraph 2-A of article 124 of Law No. 6,404/76, of December 15, 1976, as amended (" Corporation Law") and CVM Instruction No. 481, of December 17, 2009 ("ICVM 481"), to resolve on the matters on the agenda, under the terms of the Call Notice published on this date and under the terms proposed below ("Management Proposal "):

In line with good corporate governance practices, based on the principles of transparency, equity, accountability and corporate responsibility, all information and documents referred to in this Management Proposal and provided for in ICVM 481, as well as other information and documents relevant to the exercise of voting rights by shareholders are available to shareholders in their website (ri.light.com.br), on website of the Securities and Exchange Commission of Brazil - CVM (www.cvm.gov.br), on website of B3 SA - Brazil, Stock Exchange, Branch (www.b3.com.br), as well as included in the Exhibits of this Manegement Proposal.

The matters to be resolved at the General Meeting are listed on the Call Notice and reproduced in Items 1 and 2 of this Proposal.

For the installation of the Annual Shareholders' Meeting, the presence of shareholders representing at least 1/4 (one quarter) of the Company's share capital will be required on the first call. With regard to the Extraordinary Shareholders' Meeting, the resolution on the approval of the Share-Based Long-Term Incentive Plan of Company may also only occur if shareholders representing at least 1/4 (one quarter) of the company's share capital are present. Company. However, in order to resolve on the amendments to Light's Bylaws on first call, pursuant to art. 135 of the Corporate Law, the presence of shareholders representing at least 2/3 (two thirds) of the Company's capital stock will be required. If the necessary quorum for the installation of the Extraordinary Shareholders' Meeting to resolve on the proposed amendments to the Company's Bylaws is not reached, the Meeting will be called again to, on second call, resolve only on this item on the agenda, and may be installed with the presence of any number of shareholders.

General Guidelines for Participation in Assemblies

Via remote voting ballot ("Voting Ballot"), pursuant to ICVM 481, to be sent to its respective custodian, to the bank bookkeeping agent of the Company's shares or directly to the Company through an electronic [e-mail].

Via Ten Meetings digital platform, in person or through a duly constituted attorney-in-fact under the terms of art. 21-C, paragraphs 2 and 3 of ICVM 481. The shareholder who sends the Voting Ballot may participate in the General Meeting remotely, by electronic means. However, if this shareholder exercises the right to vote at the Meeting, his/her report will be disregarded and votes cast in real time will be considered valid.

More information regarding participation in the General Meeting can be found in the Participation Manual, available on the websites indicated above.

Rio de Janeiro, March 28, 2022.

The Management

1. Matters on the agenda of the Annual Shareholders' Meeting:

I. To examine, discuss and vote on the accounts rendered by the managers, the management report and the Company's financial statements for the fiscal year ended December 31, 2021.

The Company's management proposes that the Shareholders review the managers' accounts for the fiscal year ended December 31, 2021, and approve the documents referred to below.

To resolve on this item, the following are available to shareholders, in accordance with ICVM 481:

A) 2021 DFP Form (available on the CVM website at March 24, 2022, according to the following linkhttps://www.rad.cvm.gov.br/ENET/frmGerenciaPaginaFRE.aspx?NumeroSequencialDocumento=112964&CodigoTipoInstituicao=1), containing:

• • Management Report on the corporate business and the main administrative facts for the fiscal year ended December 31, 2021;

• • Copy of the Financial Statements for the Year ended on December 31, 2021;

• • Opinion of Ernst & Young Auditores Independentes, the Company's independent auditors;

• • Explanatory Notes;

• • Statement by the Executive Board on the Financial Statements and on the Independent Auditors' Report; and

• • Annual Report of the Fiscal Council, including its statement regarding the Financial Statements for the year ended December 31, 2021.

• B) Management's comments on the Company's financial situation in accordance with Section 10 of the Reference Form and ICVM 481 (Exhibit I ); and

• C) Opinion of the Fiscal Council, dated March 22, 2022, already published to the market.

The documents identified are available to shareholders at the Company's office at Av. Marechal Floriano, no. 168, Parte - Second Floor - Corridor A, Centro, Rio de Janeiro - RJ, and on the websites of CVM (www.cvm.gov.br) and B3 (www.b3.com.br).

The Company's Management proposes that the shareholders review the managers' accounts and the Financial Statements for the fiscal year ended December 31, 2021 and, after examination and discussion, approve said documents, as reviewed and approved, at a meeting held on March 24, 2022, by the Company's Board of Directors, with the favorable recommendation of the Audit Committee.

In a meeting held on the same date, the Company's Board of Directors approved, without any amendments and/or reservations, the convening of the General Meeting so that the shareholders can discuss and vote on them.

The Company's Financial Statements for the fiscal year ended December 31, 2021 were audited by Ernst & Young Auditores Independentes, the Company's independent auditors, who issued an opinion on such Financial Statements, without reservations.

II. Examine, discuss and vote on the capital budget for the year 2022 and the proposal for the allocation of the Company's results for the fiscal year ended on December 31, 2021

The Management proposes the approval of the capital budget, considered by the Board of Directors at a meeting held on March 24, 2022, pursuant to item 15.b of the Exhibit II to this proposal.

The Company's net income for the fiscal year ended December 31, 2021 was three hundred and ninety-seven million, nine hundred and forty-five thousand, five hundred and fifty-two reais and twenty cents (BRL 397,945,552.20). Management proposes that the net income for the year be allocated as follows: (i) the amount of BRL 19,897,277.61, corresponding to 5% of the value of the net profit, be allocated to the legal reserve; (ii) the amount of BRL 94,512,068.65, corresponding to 25% of the net income adjusted by the constitution of the legal reserve, to be distributed to shareholders, as a mandatory dividend; and (iii) the remaining amount, adjusted for the effect of carrying out the equity valuation adjustment in the amount of 15,325,081.86 (fifteen million, three hundred and twenty-five thousand, eighty-one reais and eighty-six cents), corresponding to BRL 298,861,287.80 (two hundred and ninety-eight million, eight hundred and sixty-one thousand, two hundred and eighty-seven reais and eighty cents), to be allocated to the profit reserve account based on the capital budget, pursuant to article 196 of Law No. 6,404/76.

In this context, the Company's Management proposes to be fully considered and approved the Proposal for destination of the Income for the Year ended December 31, 2021 under the terms of Exhibit II of this Proposal, which contains the information referenced in Exhibit 9-1-II of ICVM 481.

III.

Install and fix the number of members of the Fiscal Council of the Company

In accordance with the provisions of art. 21, sole paragraph of the Company's Bylaws, the Fiscal Council is a non-permanent body, and must be comprised, when installed, of 3 (three) to 5 (five) effective members and an equal number of deputies. The installation of the Fiscal Council depends on the approval of shareholders representing at least 2% (two percent) of the voting capital stock, pursuant to CVM Instruction 324, of January 19, 2000.

Management proposes the establishment of the Fiscal Council and that the number of members of the Fiscal Council be set at 3 (three) effective members and their respective alternates.

IV.

Elect the effective and deputy members of the Fiscal Council of the Company

Once the Fiscal Council is installed and, the Company's Administration suggests the current members that compose the Fiscal Council's roll-over, in addition to Mr. João Ricardo Pereira da Costa, candidate for deputy member associated to Mr. Sergio Xavier Fortes.

If there are any more Fiscal Council appointments by the shareholders, these shall observe the legal provisions, including the ones in the Corporate Law, in the ICVM No. 481 and in the the Circular Letter:

Holders	Deputies
Luiz Paulo de Amorim	Natalia Carneiro de Figueiredo
Sergio Xavier Fortes	João Ricardo Pereira da Costa
Ary Waddington	Marcelo Souza Monteiro

As informed in the Notice to Shareholders released on April 05, 2022, Mr. Maurício Rocha Alves de Carvalho and Mr. Ricardo Reisen de Pinho have been nominated to the election of the Company's Fiscal Council, as effective and deputy member, respectively, by the shareholders Tempo Capital Principal Fundo De Investimento De Ações (CNPJ/ME 11.046.362/0001-30), VIC DTVM S/A (CNPJ/ME 14.388.516/0001-60) and VICTOR ADLER (CPF/ME 203.840.097-00). The information required by items 12.5 to 12.10 of the Reference Form concerning the nominees is included in the Notice to Shareholders.

The elected members will serve until the Company's Annual Shareholders' Meeting to be held in 2023.

The Exhibit III contains the information related to items 12.5 to 12.10 of the Reference Form with respect to the candidates nominated by the Company´s Administration for election to the job position of member of the Fiscal Council.

V. yearSet the annual global remuneration of the Company's managers for the 2022 fiscal

In accordance with the recommendations contained in the Circular Letter/Annual-2022 -CVM/SEP, Management presents below information regarding the proposal for the global annual amount of remuneration of the Company's managers for the year 2022.

Detailed information regarding the proposal is contained in the Exhibits IV and V to this Management Proposal.

a) 2021 fiscal year:

At the Annual Shareholders' Meeting held on April 29, 2021, an amount for the total remuneration of managers of up to BRLBRL 15,759,112.00 (fifteen million, seven hundred fifty-nine thousand, one hundred and twelve reais) was approved for the fiscal year of 2021, referring to the period from January to December, comprising the installments related to Fixed Remuneration, Variable Remuneration and Share-Based Remuneration.

Of the approved amount, BRL 12,264,102.15 were achieved, as detailed in the Exhibit IV to this Management Proposal.

b) 2022 fiscal year:

Management proposes, as detailed in the Exhibit IV to this Management Proposal, the global amount of remuneration of the managers of BRL 10,692,383.12 (ten million, six hundred and ninety-two thousand, three hundred and eighty-three reais and twelve cents) for the fiscal year of 2022, referring to the period from January to December.

The global management remuneration proposal for the 2022 fiscal year represents a reduction of approximately 32.15% compared to the proposal approved for the 2021 fiscal year, mainly due to: reduction of one member in the statutory board and reduction of the stock based remuneration proposal.

The annual global amount proposed above refers to an estimate of the maximum total amount that may be recognized by the Company with the remuneration of its managers (including the installments of fixed and variable remuneration and eventual benefits) in the current fiscal year, comprising the components below:

A) Fixed Remuneration

The portion of the global remuneration proposed for the year 2022 corresponding to the fixed compensation, plus benefits, to be paid to the members of the Board of Directors and the Executive Board, is up to BRL 10,692,383.12.

B) Short-Term Variable Remuneration

Short-term variable remuneration is comprised of a short-term bonus, according to the complexity of the position, linked to the performance of goals and performance indicators, which allows risk and results to be shared, aligning the interests of the Company's strategy to executives.

The portion of the global remuneration proposed for the year 2022 corresponding to the short-term variable compensation is up to BRL 1,075,144.00.

C) Share-Based Remuneration

The Company has a Stock Option Plan approved at the Extraordinary General Meeting held on July 4, 2019.