TC Traders Club S.A. (BOVESPA:TRAD3) signed a a binding memorandum of understanding to acquire Pandhora Investimentos Ltda. for BRL 15 million on August 9, 2022. The purchase price is subject to adjustments based on targets, which may be carried out through the delivery of common shares of TC and/or through the transfer of available funds. The conclusion and completion of the transaction are subject to the negotiation and
verification of certain precedent conditions, including obtaining all regulatory approvals, as well as the execution of definitive documents.

TC Traders Club S.A. (BOVESPA:TRAD3) completed the acquisition of Pandhora Investimentos Ltda. for BRL 14.9 million on October 19, 2022. The total price to be paid by TC Traders Club S.A. to the sellers in consideration for the acquisition of all the shares of Pandhora Investimentos Ltda. is RBRL 14.9 million, which may be increased or decreased according to certain assumptions of the agreement usual for this type of operation. The Price will be paid in four installments, the first payment will be made at the closing of the transaction in the amount of BRL 5.2 million. Of this total, BRL 4.1 million will be paid in local currency and the remaining amount will be paid upon delivery of 299.998 common shares issued by TC Traders Club S.A. The remaining installments will be paid as follows: (i) BRL 2.4 million on the first anniversary of the closing; (ii) BRL 2.4 million on the second anniversary of the closing; and (iii) BRL 4.9 million on the third anniversary of the closing. The payment of the installments subsequent to the closing of the Transaction may be carried out through the delivery of common shares of TC and/or through the transfer of available funds, at the Company's discretion. The transaction was approved by the Board of Directors on October 13, 2022.