WEG S A : Related Party Transactions Policy

WEG GROUP RELATED PARTY TRANSACTIONS POLICY

1. SCOPE OF THIS POLICY

This Related Party Transactions Policy (hereinafter the "Policy") sets forth the guidelines that guide WEG Group (hereinafter referred to as "WEG" or "Company"), about transactions between/among related parties (hereinafter referred to as "Related Parties"), in order to ensure that the Company's decisions are made in the best interest of both itself and its shareholders, with impartiality and transparency, in line with the regulatory obligation terms of the Security and Exchange Commission of Brazil, B3 New Market and IFRS.

2. APPLICABILITY

This Policy applies to the Company and its Related Parties in Brazil and overseas.

3. DEFINITIONS

3.1. Related Parties mean:

1. Legal Entities:
2. 1. Which control, are controlled or are affiliated directly or indirectly with the Company;
   2. Other entities which are controlled, affiliated and/or managed, directly, by the Company's majority shareholders, administrators, non-statutory directors, members of the Fiscal Council and other advisory bodies to the Board of Directors, as well as their parents, spouses or partners, children and step-children.
3. Natural Person:
4. 1. The Company's direct or indirect controlling shareholders, as well as their parents, spouse or life partners, children and step-children;
   2. The Company's direct executives and management body managers, as well as their parents, spouse or life partners, children and step-children;
   3. the Company's directors, non-statutory directors, members of the Fiscal Council and other advisory bodies to the Board of Directors, as well as their parents, spouses or life partners, children and step-children.

3.2. Related Parties Transaction is the transfer of resources, services or obligations between an entity that reports the information and a Related Party, independently if a price is charged in return (IAS 24 - Related Parties Disclosures).

4. GUIDELINES

1. Subject to the guidelines set forth in this Policy, the Company may perform transactions with Related Parties, as defined by the applicable legislation and regulation.
2. The same internal guidelines, policies and procedures applied in the selection, approval and contracting processes of purchases of goods and services by the Company shall be strictly enforced when involving Related Parties.

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1. Purchases must be supported by at least two additional quotations to the one submitted by the Related Parties.
2. In cases which the sole proponent is a Related Party, these cases must have their reasons properly justified.

4.3. The Related Parties' transactions, except those mentioned under line "a" of the item "3.1.1", shall be approved according to the values given below:

Value	Approval hierarchy level
	According to Sales and Purchasing Policies of
Up to US$ 100.000	each WEG's Business Unit in Brazil and
	abroad
From US$ 100.000,01 to US$ 2.500.000	WEG Executive Committee Management
Over US$ 2.500.000,01	WEG S/A Board of Directors

1. Any transactions with Related Parties that do not present better commercial and financial conditions in relation to other suppliers or customers, for each specific case, including but not limited to prices, deadlines and penalties, must have their reasons properly justified and, when less than US$ 100,000, must be approved by the process manager + hierarchical superior or by two directors, observing the Sales and Purchasing Policy of each Business Unit.
2. The conditions set forth in the corporate restructurings involving Related Parties shall ensure equitable treatment for all shareholders, except for the specific provisions of the Securities and Regulations Law of Brazilian Securities and Exchange Commission (CVM).
3. Negotiations with Related Parties that have as their purpose/object a loan or advanced payment in favor of the controlling shareholder and their family members, shareholders or executive officers and management body are prohibited.
4. The provisions of this Policy, whenever applicable, should also be followed when there is a good or service providing by WEG to Related Parties when, then, either commercial, contractual and financial conditions should follow the same parameters as those adopted by WEG with third parties, with the same validation process and recommendations described above, avoiding any privileges for Related Parties.

5. CONFLICT OF INTEREST

1. In situation which there is need for further market evaluation by the Board of Directors, the transactions with Related Parties shall be based on independent evaluation reports, without the participation of any person involved in the operation with the Related Parties in question, and shall be based on realistic assumptions and information endorsed by third parties.
2. People who are involved in any situation that constitutes a conflict of interest should immediately disclose it after becoming aware of the conflicting operation, business or transaction, and must stay away inclusively physically, from a potential discussion and deliberation, since the existence of conflict entails the impediment of the manifestation of their will.

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1. If any person with potentially conflicting interests does not disclose it voluntarily, any other member of the same management body, who is aware of the situation, should do so.
2. The declaration of a conflict of interest situation and the subsequent temporary withdrawal of the people involved shall be recorded in the minutes of the respective meeting of the management body.
3. The controlling shareholders, administrators, non-statutory directors and the members of the Fiscal Council and members of the advisory bodies to the Company's Board of Directors, when required by the Internal Audit Department, shall submit a declaration that they have abstained from expressing positions in business decisions involving the Company and its Related Parties.

6. RESPONSABILITIES

1. The Controlling Management Area in Brazil (Headquarters) is responsible for establishing controls and monitoring the Related Parties' transactions.
2. Any situations not identified or foreseen in this Policy or with unclear nature shall be evaluated and deliberate by the Controlling Committee in Brazil (Headquarters).
3. The situations that characterize a conflict under the terms of this Policy will be evaluated by the Code of Ethics Management Committee in Brazil (Headquarters).
4. The agreements with Related Parties shall be reviewed by the Internal Audit Department and WEG's independent auditor, who shall assess compliance with the standards set forth in this Policy. Such analyses and conclusions must be submitted to the Board of Directors, together with a summary report with the main transactions between the Related Parties.

6.4.1. Specifically in relation to the Fiscal Council members and advisory bodies to the Board of Directors, as well as their parents, spouses or partners, children and stepchildren, the provision of this clause shall only apply when, at the same time, that person occupies a position with deliberative power in some contractual counterparty.

6.5. The agreements with Related Parties, including amounts, terms and conditions, shall be periodically disclosed to the market, in accordance with the regulations in force issued by the Brazilian Securities and Exchange Commission (CVM).

7. PROTECTION OF PERSONAL DATA

To comply with this Policy, WEG will collect and process the personal data of the Related Parties, in accordance with the legal basis indicated in item 1 of this Policy.

8. LANGUAGES

This Policy is available in Portuguese, English and Spanish.

9. REVIEW

This Policy shall be reviewed every two years or at any time when there are reasons to justify its revision in a shorter period of time, by the WEG's Information Disclosure Committee in Brazil,

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with approval by the WEG General Executive Committee General Management, ad referendum of the Board of Directors.

Approved by the Board of Directors in 20/09/2022.

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