Randon S A Implementos e Participações : MINUTES N° 979 OF THE BOARD OF DIRECTOR'S MEETING
October 18, 2023 at 05:25 pm EDT
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RANDON S.A. IMPLEMENTOS E PARTICIPAÇÕES
Listed Company
Minutes No 979 of the Board of Directors Meeting
DATE, TIME AND VENUE: On October 18, 2023, at 10 am, , through the Governance Portal, being the Company's headquarters, located at Abramo Randon Ave., nº 770, Caxias do Sul, RS.
ATTENDANCE: All members of Randoncorp's Board of Directors.
PRESIDING BOARD: David Abramo Randon - President, and Claudia Onzi Ide - Secretary.
RESOLUTIONS: In accordance with the agenda known to all, and in line with the statutory provisions, by unanimous vote, the Directors authorized the Company's Executives and the executives of the indirect subsidiary, Suspensys Mogi Guaçu Ltda., located on Rodovia SP340, km 178, Annex A, Distrito Industrial, Zip code 13846-144,Mogi-guaçu, State of São Paulo, registered with the Tax Payer Registry under number 52.537.425/0001-38, to be taken all necessary measures to sign a Supply Agreement with one of the largest truck and bus OEM with operations in Brazil to produce and sell front axles for this client's entire line of commercial vehicles. The Contract will have an initial term of
years and may generate additional revenues of up to R$ 7 billion during its term. The start of supply is scheduled for the first quarter of 2025, after execution of the transition plan, which involves investments in a new factory and acquisition of the OEM's assets by Suspensys, in addition to compliance with the contractually foreseen precedent conditions, including approval by the Administrative Council for Economic Defense - CADE. The completion of the deal strengthens Suspensys' long-term strategy, adds a range of products to the portfolio and expands its presence in the market as an original parts manufacturer, consolidating the partnership with the OEM.
CLOSURE: There being no further matters to address, the meeting was closed, and the minutes were drawn up, read, approved in all its terms, and electronically signed by all Board members, through the Docusign digital platform.
Caxias do Sul, October 18, 2023.
David Abramo Randon
Alexandre Randon
Pedro Ferro Neto
Ana Carolina Ribeiro Strobel
Vicente Furletti Assis
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Randon SA Implementos e Participações published this content on 18 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2023 21:24:35 UTC.
Randon SA Implementos e Participacoes, formerly Randon Participacoes SA, is a Brazil-based company primarily engaged in the manufacture of heavy vehicles and parts. The Company's activities are divided into three business segments: Railway wagons and vehicles, which focuses on the production and distribution of various wagon types, such as hopper, gondola, platform, tank, sider and telescopic, as well as off-road trucks, truck bodies, trailers and semi-trailers; Automotive parts, which is responsible for the manufacture and marketing of automobile components for suspension, brake and transmission system, among others, and Services, which provides services related to the administration of consortium groups for the purchase of durable goods, as well as financing services for the Company's customers. It operates a distribution network in Latin America and Africa. The Company is a subsidiary of Dramd Partiicipacoes e Administracao Ltda.
RANDON S.A. IMPLEMENTOS E PARTICIPAÇÕES 
