Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 17

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 17
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 Brazil with respect to the Guarantee.

Under current Brazilian regulations,
we are not required to obtain authorization from the Central Bank in order to make payments in U.S. dollars outside Brazil to holders
of the Notes, including under the Guarantee. However, we cannot assure that these regulations will continue to be in force at the time
we may be required to perform our payment obligations under the Notes or the Guarantee. If these regulations or their interpretation are
modified and an authorization from the Central Bank is required, we would be required to seek an authorization from the Central Bank to
transfer the amounts under Notes or the Guarantee out of Brazil or, alternatively, make such payments with funds held by us outside Brazil.
We cannot assure that such an authorization will be obtained or that such funds will be available. If such authorization is not obtained,
we may be unable to make payments to holders of the Notes in U.S. dollars. If we are unable to obtain the required approvals as needed
for the payment of amounts owed by the Guarantor through remittances from Brazil, we may have to seek other lawful mechanisms to effect
payment of amounts due under the Notes. However, we cannot assure you that other remittance mechanisms will be available in the future,
and even if they are available in the future, we cannot assure you that payment on the Notes would be possible through such mechanism.

<div align='center'>S-10</div>

The interests of our controlling shareholder may conflict with the interests of the holders of the Notes.

Our controlling shareholder has the power to, among other things, elect a majority of the members of our board of directors and to decide any matters requiring shareholder approval, including related-party transactions, corporate reorganizations and dispositions, and the timing and payment of any future dividends, subject to the requirements of mandatory dividends under Brazilian Corporate Law. Our controlling shareholders may have an interest in making acquisitions, disposals of assets, partnerships, seeking financing or making other decisions that may conflict with the interests of the holders of the Notes. We have entered into, and we intend to continue to enter into, arm’s-length commercial and financial transactions with our controlling shareholder and related companies. Commercial and financial transactions between related parties and us may result in conflicts of interest, which may adversely affect us. See “Item 7. Major Shareholders and Related Party Transactions” inSuzano’s 2024 Form 20-F.

We may be unable to purchase the Notes upon a specified change of control event, which would result in an event of default under the indent