Braskem says Petrobras, Shine I FIP sign new joint-control shareholders agreement

• Braskem disclosed execution of new shareholders’ agreement between Petrobras and Shine I FIP on April 23, 2026, setting joint control and requiring consensus for all board and shareholder meeting resolutions.
• Agreement becomes effective at closing of Novonor-related share transaction, still subject to conditions precedent including judicial approvals.
• Governance terms set 11-member board with equal appointments by Petrobras and FIP, including 3 independent directors; chair and vice-chair rotate with no casting vote.
• Statutory executive board set at 8 officers with equal appointments; CEO role rotates between parties.
• Contract term set at 30 years from closing; early termination triggers include combined stake falling below 50% or Petrobras option if FIP transfers 5% or more of outstanding common shares to third parties.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Braskem SA published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001292814-26-002822), on May 06, 2026, and is solely responsible for the information contained therein.