Company: SUZ
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001628280-25-020368
Chunk: 145

Company: Suzano S.A.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 9
Chunk 145
---
ITEM 9. THE OFFER AND LISTING

A. Offer and Listing Details

Our ADSs are listed on the New York Stock Exchange under the trading symbol “ SUZ.” Our common shares trade on the São Paulo Stock Exchange under the symbol “ SUZB3.” On December 31, 2024, we had approximately 82,870 shareholders of record at the B3.

B. Plan of Distribution

Not applicable.

C. Markets

Table of Co ntents

Trading on the São Paulo Stock Exchange

Settlement of transactions conducted on the B3 becomes effective two business days after the trade date. Delivery of, and payment for, shares is made through the facilities of separate clearinghouses for each exchange, which maintain accounts for member brokerage firms. The seller is ordinarily required to deliver the shares to the clearinghouse on the second business day following the trade date. The clearinghouse for the B3 isCompanhia Brasileira de Liquidação e Custódia, or CBLC.

In order to better control volatility, the B3 has adopted a “circuit breaker” system pursuant to which trading sessions may be suspended for a period of 30 minutes or one hour whenever the indices of these stock exchanges fall below the limits of 10% and 15%, respectively, in relation to the index registered in the previous trading session.

The B3 is less liquid than the New York Stock Exchange or other major exchanges in the world. At December 31, 2024, the aggregate market capitalization of the 84 companies listed on the São Paulo Stock Exchange Index (Ibovespa) was equivalent to approximately US$614 billion. Although any of the outstanding shares of a listed company may trade on a Brazilian stock exchange, in most cases fewer than half of the listed shares are actually available for trading by the public, the remainder being held by small groups of controlling persons, governmental entities or one principal shareholder.

Trading on the B3 by non-residents of Brazil is subject to certain limitations under Brazilian foreign investment and tax legislation. See “ Item 10. D - Exchange Controls.” and “ Item 10. E - Taxation”.

B3 Corporate Governance Standards

The B3 has three listing segments:

• Level 1;

•Level 2; and

• Novo Mercado

These listing segments have been designed for the trading of shares issued by companies that voluntarily undertake to abide by corporate governance practices and disclosure requirements in addition to those already required under the Brazilian Corporation Law. The inclusion of