SENDAS ANNOUNCES INTENTION TO VOLUNTARILY DELIST ITS AMERICAN DEPOSITARY SHARES FROM NYSE

Core Viewpoint - The Company intends to voluntarily delist its American Depositary Shares (ADSs) from the New York Stock Exchange (NYSE) and transition its ADR program to Level 1, allowing investors to trade ADSs over-the-counter after the delisting [1][4]. Group 1: Delisting Details - The Board of Directors approved the delisting of ADSs, which represent five common shares of the Company, from the NYSE [1]. - The Company plans to file a Form 25 with the SEC to make the delisting effective by January 9, 2025, and expects ADSs to trade over-the-counter immediately after the delisting [4]. - The Company reserves the right to postpone or cancel the filings related to the delisting at any time [4]. Group 2: Market Strategy - The Company believes that maintaining a secondary listing on the NYSE is not beneficial, as approximately 87% of trading occurs on the Novo Mercado in Brazil [3]. - The delisting aligns with the Company's long-term strategy of maintaining efficient operations as a low-cost company [3]. Group 3: Governance and Compliance - The Company's common shares will continue to be listed on the Novo Mercado, which is its primary trading market, and it will maintain all required disclosures under Brazilian regulations [4]. - The Company is committed to high standards of governance and will continue its current corporate governance practices post-delisting and deregistration with the SEC [4]. Group 4: Communication with Stakeholders - The Company will keep shareholders and the market informed of any material updates regarding the delisting and related matters [5].