Tupy S.A. (BOVESPA:TUPY3) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 ordinary shares. The purpose of the program is to meet the exercise of options by the participants of the purchase option plan or subscription of shares Issued by the company and efficient capital structure management.

The repurchased shares will be held in treasury for later cancellation or disposal. The repurchase program will be valid for 18 months until November 13, 2023. As of May 12, 2022, the company had 300 shares held in treasury.