SYN prop e tech S A : Material Fact - Reorganization of FII Grand Plaza
December 07, 2022 at 10:11 am EST
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MATERIAL FACT- SYN PROP & TECH S.A. CNPJ/ME)
08.801.621/0001-86
Company Registry (NIRE) 35.300.341.881
SYN PROP & TECH S.A. ("SYN" or "Company"), a category A publicly held company registered with the Brazilian Securities and Exchange Commission ("CVM"), according to article 157, paragraph 4 of Law No. 6.404/76 and CVM Resolution No. 358/02 hereby informs its shareholders and the market in general that, on the date hereof, a general quota holders meeting of the "Fundo de Investimento Imobiliário Grand Plaza Shopping" ("Fund") was called regarding the partial spin-off of the Fund, with the transfer of the spun-off portion, corresponding to 61.41% of the Fund's assets, to a new real estate investment fund to be fully owned by the Company ("Syn Fund"). Under the terms of the proposed spin-off, mutual guarantees must be provided between the Fund and SYN Fund, as well as a Condominium Agreement must be entered into, in order to regulate the co-ownership relations of Grand Plaza Shopping and, thus, assure the continuation of good administration of the enterprise after the spin-off. The terms and conditions of the spin-off are described in the general quota holders meeting call notice and its effectiveness is subject to the approval of the Fund's aforementioned general meeting.
The Company reaffirms its commitment to keep its shareholders and the market in general informed regarding this and any other relevant matter.
São Paulo, December 06, 2022
HECTOR BRUNO FRANCO DE CARVALHO LEITÃO
Chief Financial and Investors Relation Officer
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Syn Prop Tech SA published this content on 07 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 December 2022 15:08:46 UTC.
SYN prop e tech SA, formerly known as Cyrela Commercial Properties SA Empreendimentos e Participacoes, is a Brazil-based company involved in the real estate sector. The Company focuses on the development, trade and management of commercial properties in Brazil. Its activities are divided into five business segments: Commercial Buildings, which consists of the sale and leasing of completed office properties; Real Estate Development, which is involved in the sale of office units under construction; Warehouses, which offers leasing of industrial warehouses; Shopping malls, which is responsible for the lease of stores in shopping malls; and Services, which provides management of shopping malls and parking lots, as well as development of properties. The Company owns a number of subsidiaries, such as Aquarius Empreendimentos e Participacoes Ltda, Millennium de Investimentos Imobiliarios Ltda and Miconia Empreendimentos Imobiliarios Ltda, among others.
SYN PROP & TECH S.A. 
