Verde AgriTech (NPK) Status update summary

Leadership Transition and Strategic Direction

• Reberth Machado appointed as new CEO of the fertilizer business, bringing over 25 years of agricultural, industrial, and international experience, including leading major sugar-cane ethanol operations.

• Cristiano Veloso steps down as CEO to lead Magnes Rare Earths, remaining as a consultant and major shareholder, and will provide advisory support during the transition.

• Senior leadership team remains stable, focusing on commercial execution, operational discipline, and long-term profitable expansion.

• Machado will relocate to Uberlândia, a major agricultural hub, to drive commercial expansion and client engagement.

• A conference call is scheduled for May 20, 2026, to discuss the reorganization and leadership transition.

Strategic Reorganization and Business Focus

• Formation of Magnes Rare Earths as a wholly owned subsidiary to advance the Minas Americas project, with plans for a future U.S. stock exchange listing.

• The reorganization aims to provide dedicated leadership and capital allocation for both the fertilizer and rare earths businesses.

• Each business will have tailored leadership to pursue distinct opportunities and capital needs.

• Shareholders retain exposure to both businesses through Magnes' ownership by the parent company.

• Magnes will leverage the parent company's operational platform and regional expertise in Minas Gerais.

Growth Opportunities and Market Focus

• Installed production capacity stands at 3 million tons per year, with significant room for sales growth.

• Commercial strategy is shifting toward large corporate growers, especially in sugar cane and eucalyptus sectors, leveraging strong technical validation and relationships.

• Product differentiation centers on being chloride-free, addressing maintenance and operational issues faced by sugar mills using potassium chloride.

• Targeting major agricultural regions and industries within a 300-400 km radius of Uberlândia.

• The fertilizer business is positioned as a low-carbon, specialty platform with technical differentiation and growth potential.