Aliansce Sonae Shopping Centers S A : Dados Econômico-Financeiros

Plaza Sul Shopping

Planning and development of malls

Management and leasing of shopping centers and mall spaces

Mall management consists of administering the mall's strategy and daily activities, including the financial, legal, commercial, and operational management of the project. Note that the Company and its subsidiaries may conduct the management activities.

Leasing of shopping centers includes the lease of stores and mall spaces, as well as merchandising activities.

Policy for the reinvestment of income and distribution of dividends

SShareholders are ensured by the Company's Bylaws a minimum dividend equal to 25% of net income from each fiscal year, adjusted in accordance with current legislation.

Upon approval by the shareholders' general meeting, management may allocate up to 71.25% (seventy-one point twenty-five percent) of the net profits to an Investment Reserve established in the Bylaws. Management may also, based on the capital budget, allocate the remainder of the net profit for the Period not distributed as mandatory dividends, in its entirety or partially, to new investments, respecting, in either case, the overall limit established in Article 199 of Law 6.404/76.

Bangu Shopping

Managerial Projections

The Company revised its managerial projections disclosed in the material fact of March 29, 2022, and, due to the evolution observed in its operational and financial indicators, project that in 2022 it will reach an EBITDA between R$780 million and R$800 million. The CAPEX estimate for 2022 has also been revised and, due to changes in certain construction schedules, a total investment between R$300 million and R$350 million is expected for the year. Aliansce Sonae confirms and maintains the other managerial projections disclosed in the material fact dated March 29, 2022. The projections are detailed in Section 11 of the Company's "Formulário de Referência", pursuant to CVM Instruction No. 480/2009.

The projections disclosed are mere forecasts that reflect our current expectations regarding the future of Aliansce Sonae, and in no way constitutes, guarantees or predicts results. However, such projections depend on volatile factors and market conditions and are not under Company's control and, therefore, may differ from the numbers and results to be effectively recorded by the Company. Due to market uncertainties, investors should not base their investment decisions solely on these projections, but should seek information about the sector and the risks involved in investing in the capital market

Human Resources

On September 30th, 2022, Aliansce Sonae had 444 employees, while on September 30th, 2021, the number of employees was 401. The average employee turnover was 4.3% in 3Q22.

The Company and its subsidiaries hold agreements with outsourcing companies that provide a significant labor volume, including security services, food services for employees, cleaning, and building maintenance.

Our employee compensation system consists of income ranges on a vertical scale, combined with salary points on a horizontal scale, enabling job promotions and salary raises based on merit.

The Company offers its employees several benefits such as medical assistance, meal and transportation vouchers, and life insurance. Moreover, there are no unhealthy or hazardous areas and/or activities in accordance with the current legislation.

The Company's HR development and training policy include corporate initiatives to increase, develop and improve employees' skills for their professional growth, such as English language courses, undergraduate and graduate-level courses.

Social Responsibility

Aliansce Sonae's Sustainability Policy demonstrates its pact with business ethics, people management, gender equality, waste management, the efficient use of natural resources - such as water, energy, and gas - and investment in education in the communities where it operates.

Aliansce Sonae's social mission is to invest in education in all its forms, making its capillarity and diffusive power available to the well-being of the population, aiming to transform the reality of the communities where it operates, allowing them to be inserted with dignity in the Brazilian society. The Company's malls' social investments are basically directed to three thematic areas, considered fundamental for the development and enhancement of the impacted territories: culture and sport, education, and the environment, with entrepreneurship as a cross-cutting theme.

In sports, Aliansce Sonae is an official supporter of Time Brasil, representing a nation of over 200 million fans. It is also a sponsor of Instituto Reação, a non-profit organization created by

judoka Flávio Canto, Brazilian Olympic medalist, which promotes human development and social inclusion through sports and education.

To positively impact the community, some malls have gardens that are open to the public and schools. Its premise is to cultivate new experiences and plant sustainable production without harming the environment. The vegetables grown at Boulevard Shopping Campos and Bangu Shopping are donated to charities in the municipalities.

Market Arbitration Chamber

The Company is bound to the Market's Chamber of Arbitration, in accordance with Article 38 of its Bylaws, as follows:

"Article 38 - The Company, its shareholders, managers and members of the Fiscal Council are required to solve, through arbitration, any and all disputes or controversies which may arise among them, connected to or arising from, especially, the application, validity, efficacy, interpretation, breach and its effects, of the provisions of the Brazilian Corporation Law, Company's Bylaws, the rules issued by the National Monetary Council, Central Bank of Brazil and CVM, as well as other rules applicable to the bond market operation generally, besides those provided for in the Novo Mercado Listing Regulation, Agreement of Participation in the Novo Mercado listing segment and the Arbitration Regulation of the Market's Arbitration Chamber."