TOTVS S A : Fiscal Council's Meeting 02/14/2022- Minutes (Consideration and issuing an opinion on the Financial Statements and of the Earnings Release for the fiscal year ended on December 31, 2021; Consideration and issuing an opinion on the proposal of Allocation of the Company’s Net Profit for the fiscal year ended on December 31, 2021, to be submitted to the Annual General Meeting)
DATE, TIME, AND PLACE OF THE MEETING: held on February 14th, 2022, at 7:30 p.m., remotely, pursuant to Article 20 of the Charter of the Fiscal Council ("CF") and Article 34, paragraph 1 of the Bylaws of TOTVS S.A. ("TOTVS" or the "Company").
CHAIR AND SECRETARY: Chairman: Mr. Luiz Carlos Nannini; Secretary: Mrs. Téssie Massarão Andrade Simonato.
ATTENDANCE: All members of the Fiscal Council were present to wit: Luiz Carlos Nannini, Fernando Heitor Baptista Vaccari, and Luiz Gotardo Furlan.
AGENDA: Consideration of the Financial Statements, including the proposal of Allocation of the
Company's Net Profit and the Management Report, accompanied of the presentation of KPMG
Auditores Independentes Ltda., as well as the Earnings Release for the fiscal year ended on December 31, 2021.
PRESENTATIONS, DISCUSSIONS, AND RESOLUTIONS:
The members examined the documents consistent of agenda, which were made timely available, in the performance of their legal duties and responsibilities, based on analyses carried out ant the clarifications provided by the Management, the Fiscal Council's opinion is that the aforementioned documents are suitable to be submitted to the Annual General Meeting, without any reservation, and issued the following opinion:
"The members of the Fiscal Council of TOTVS S.A., in the performance of their legal duties and responsibilities, examined the Management Report, the Financial Statements, and the Allocation of the Company's Net Profit for the fiscal year ended December 31, 2021 accompanied of the opinion from the independent auditors; hence, based on the analyses carried out and the clarifications provided by the Management, the Fiscal Council's opinion is that the aforementioned documents are suitable to be submitted to the Annual General Meeting for approval by the Company's shareholders."
CLOSURE, DRAWING-UP, AND APPROVAL OF THE MINUTES: There being no further business to discuss, the meeting was closed. We certify this is a free translation of the original minutes drawn up in the Company's records.
TOTVS SA published this content on 16 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 February 2022 20:47:08 UTC.
Totvs SA is a Brazil-based company engaged in the information technology (IT) sector. The Company focuses on developing integrated management software solutions, collaboration and productivity platforms, as well as on consulting services. The Company mainly provides enterprise resource planning (ERP) applications, which electronically integrate the strategic and operational levels of a user company. It offers ERP software in various areas, such as administration, education, finance, industrial, human resources, customer service and logistics. The Company operates in Brazil, Argentina, Colombia, Mexico, Portugal and the United States, among others. It controls a number of subsidiaries, including Solucoes em Software e Servicos TTS Ltda, Datasul Argentina SA and Neolog Consultoria e Sistemas SA.
TOTVS S A : Fiscal Council's Meeting 02/14/2022- Minutes (Consideration and issuing an opinion on the Financial Statements and of the Earnings Release for the fiscal year ended on December 31, 2021; Consideration and issuing an opinion on the proposal of Allocation of the Company’s Net Profit for the fiscal year ended on December 31, 2021, to be submitted to the Annual General Meeting)
TOTVS S.A. 
