Management – CTG Brasil

Mr. Xinlin Zhang holds a degree in Accounting and a Master’s degree from the Central University of Finance and Economics in China. He has 20 years of experience in CTG’s international business, with a focus on Financial Management, Control Planning, M&A, and Risk Management. Mr. Zhang has held several key positions, including Director of Finance, Strategy and M&A at CTGI, and CFO of CTG South Asia and CTG Europe.

Silvio Scucuglia has been Vice President of Finance and Investor Relations at CTG Brasil since July 2022. Scucuglia has been working in the electricity sector for over 20 years and has accumulated experience in Financial Planning, Controllership, Business Development and Strategy. At CTG Brasil since 2014, with the last position as Director of Strategy and Business Performance, the executive played a key role in the areas of Strategic Investments, Strategy and Business Performance, as well as Innovation. He is a business administrator from the Metropolitan University of Santos, has a master’s degree in Energy Systems Planning from the State University of Campinas (Unicamp), specialization in Controllership and Mergers and Acquisitions from Fundação Getúlio Vargas (FGV), specialization in Strategic Innovation from HSM Educação and MBA in Business Management from Fundação Instituto de Administração (FIA).

Vice president of Renewables and Commercialization of CTG Brasil. With 36 years of experience in the electricity sector, he previously worked for Cemig and Light. At Cemig, he went through several leading positions in the generation and transmission segments, reaching the position of Commercial Director. At Light, he was the Energy Director and the Business Development Director. He is graduated in Civil Engineering (UFMG), has a master’s degree in Water Resources Engineering (COPPE/UFRJ) and a MBA in Business Management (Fundação Getúlio Vargas – FGV).

Engineer, graduated in Electrical Engineering from the Federal University of Uberlândia in 1988, with an MBA in Business Management from IBMEC and executive training at FDC and INSEAD. He has extensive experience in the electric power sector, having worked at CEMIG for more than 30 years, where he held several leadership positions, including Manager of Operation and Maintenance of Hydropower Plants, Superintendent of Implementation and Operational Management of wholly owned subsidiaries and joint ventures, Statutory Director of wholly owned generation subsidiaries, and Member of the Board of Directors of CEMIG Holding.

He participated in the construction, assembly, and commissioning of hydroelectric power plants and was responsible for the operation and maintenance of various CEMIG generation assets. He led several projects related to the generation business and was a member of various CEMIG committees, including the Operational Efficiency Committee and the Energy Trading Committee.

He has not been subject, in the past five years, to any criminal conviction or conviction in administrative proceedings by the CVM and applicable penalties, nor to any final conviction, whether judicial or administrative, that has suspended or disqualified him from engaging in any professional or commercial activity. He also declares that he is not considered a politically exposed person, pursuant to CVM Resolution No. 50, dated August 31, 2021.*

O Sr. Yang Yan têm mais de 20 anos de experiência no setor elétrico e se juntou à CTG Brasil em 2019, onde assumiu a diretoria de Operações de Engenharia e CAPEX. Anteriormente, trabalhou de 2016 a 2019, na CTG Power Operation International, como diretor do departamento de gestão de projetos. Trabalhou também na China Yangtze Power International, no departamento comercial, bem como na Three Gorges Hydropower Plant e na Gezhouba Hydropower Plant, no departamento de operações. Possui ampla experiência em sistemas e procedimentos de gerenciamento da produção e em tecnologia eletromecânica em estações hidrelétricas.

Mr. Xinlin Zhang holds a degree in Accounting and a Master’s degree from the Central University of Finance and Economics in China. He has 20 years of experience in CTG’s international business, with a focus on Financial Management, Control Planning, M&A, and Risk Management. Mr. Zhang has held several key positions, including Director of Finance, Strategy and M&A at CTGI, and CFO of CTG South Asia and CTG Europe.

Mr. Calfat holds a degree in business administration from Fundação Getúlio Vargas (FGV), earned in 1974. He was the CEO of Votorantim S.A. and the Chairman of the Board of Directors of Votorantim S.A. from 2014 to 2019 and has been the chairman of the board of directors of Aché Laboratórios Farmacêuticos since September 2018; Additionally, he has been an independent member of the board of directors of Duratex S.A. since 2015,and acted as independent member the board of directors of Embraer S.A. since April 2017. Currently is the vice-chairman of board of directors, the coordinator of strategy committee and a member of audit, risk and ethics committee. He also has been an independent member of the advisory board and board of directors of China Three Gorges Brasil since January 2021. He is a senior advisor at RGE Pte Ltd (Singapore), Macquarie Serviços Agricolas Participações Ltda and Bracell SP Cellulose Ltda and he was a member of the board of directors of Hospital Sírio-Libanês from 2015 to 2020.

Mrs. Lacerda has a financial background, as an investment banker for 25 years in financial institutions such as UBS, Merrill Lynch, Deutsche Bank, and Bear Stearns. She worked in capital markets, credit, and mergers and acquisitions and, currently, serves as an independent board member of Rumo Logística, Hypera Pharma, IHS Towers (IHS) and Sempre FEA. She is also the audit committee coordinator at Rumo Logística, Hypera Pharma and a member of Health, Safety and Environment Committee at IHS Towers (IHS).

Mr. Cruz holds a degree in Economics from the Technical University of Lisbon and a postgraduate degree in Marketing and Airline Management from the International Bath University. He has over 20 years of C-level experience in the energy sector. Mr. Cruz served as CEO of EDP South America for four years, until May 2025, and has 13 years of experience as a member of the Board of Directors and as CEO of EDP International.

Mrs. Lacerda has a financial background, as an investment banker for 25 years in financial institutions such as UBS, Merrill Lynch, Deutsche Bank, and Bear Stearns. She worked in capital markets, credit, and mergers and acquisitions and, currently, serves as an independent board member of Rumo Logística, Hypera Pharma, IHS Towers (IHS) and Sempre FEA. She is also the audit committee coordinator at Rumo Logística, Hypera Pharma and a member of Health, Safety and Environment Committee at IHS Towers (IHS).

Mr. Calfat holds a degree in business administration from Fundação Getúlio Vargas (FGV), earned in 1974. He was the CEO of Votorantim S.A. and the Chairman of the Board of Directors of Votorantim S.A. from 2014 to 2019 and has been the chairman of the board of directors of Aché Laboratórios Farmacêuticos since September 2018; Additionally, he has been an independent member of the board of directors of Duratex S.A. since 2015,and acted as independent member the board of directors of Embraer S.A. since April 2017. Currently is the vice-chairman of board of directors, the coordinator of strategy committee and a member of audit, risk and ethics committee. He also has been an independent member of the advisory board and board of directors of China Three Gorges Brasil since January 2021. He is a senior advisor at RGE Pte Ltd (Singapore), Macquarie Serviços Agricolas Participações Ltda and Bracell SP Cellulose Ltda and he was a member of the board of directors of Hospital Sírio-Libanês from 2015 to 2020.

She has a degree in Accounting Sciences and Business Administration with several improvement courses in accounting, auditing, finance, business management, internal controls and business evaluation. She is senior advisor and consultant with 40 years of experience in accounting, financial reporting, corporate governance, internal and external financial reporting, internal controls, compliance with internal policies, compliance with laws and regulations, risk governance and international accounting. She has acted as an auditing and consulting partner, coordinating services to large multinational companies, large Brazilian business groups, publicly traded companies in Brazil and companies listed on the SEC, in various sectors, such as media and entertainment, airlines, telecommunications, industry, retail and commerce, services, health, among others. She is currently a member of the Statutory Compliance and Audit Committee of Braskem S.A., member of the Audit Committee of Tecnisa S.A., member of the Fiscal Council of Associação Umane, member of the Advisory Board of CARLAB of Rutgers University and member of the Fiscal Council of the Brazilian Confederation of Rugby. She additionally provides independent consulting services in the areas of corporate governance and compliance for large companies, structuring of committees within the Board, preparation for diligences in mergers and acquisitions and IPO, certification of controls and professionalization of the management of family businesses. She has spent nearly 30 years in independent auditing, has led audits of financial statements for local and international purposes, and has conducted large and complex consulting engagements, including IPOs, mergers, acquisitions and post transaction integration of companies, debt restructurings and judicial reorganizations. She has experience in the areas of accounting and financial statements, corporate financial reporting, compliance with capital market laws and regulations, financial planning, business valuation, risk management, internal and external auditing and she masters the Brazilian and international regulatory framework of the auditing profession, as well as familiarity with global best corporate governance practices.

Mr. Xinlin Zhang holds a degree in Accounting and a Master’s degree from the Central University of Finance and Economics in China. He has 20 years of experience in CTG’s international business, with a focus on Financial Management, Control Planning, M&A, and Risk Management. Mr. Zhang has held several key positions, including Director of Finance, Strategy and M&A at CTGI, and CFO of CTG South Asia and CTG Europe.

Mr. Calfat holds a degree in business administration from Fundação Getúlio Vargas (FGV), earned in 1974. He was the CEO of Votorantim S.A. and the Chairman of the Board of Directors of Votorantim S.A. from 2014 to 2019 and has been the chairman of the board of directors of Aché Laboratórios Farmacêuticos since September 2018; Additionally, he has been an independent member of the board of directors of Duratex S.A. since 2015,and acted as independent member the board of directors of Embraer S.A. since April 2017. Currently is the vice-chairman of board of directors, the coordinator of strategy committee and a member of audit, risk and ethics committee. He also has been an independent member of the advisory board and board of directors of China Three Gorges Brasil since January 2021. He is a senior advisor at RGE Pte Ltd (Singapore), Macquarie Serviços Agricolas Participações Ltda and Bracell SP Cellulose Ltda and he was a member of the board of directors of Hospital Sírio-Libanês from 2015 to 2020.

Ms. Botelho has 35 years of experience in the environmental and sustainability field. She is an Environment and Sustainability Consultant at B2 Consultoria Ambiental and is currently an external member of the People and ESG Committee at Embraer S.A. and the AMBEV Committee.