Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 310

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 9
Chunk 310
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 investments in financial assets not made from the account of the non-resident in reais held in Brazil, of their own ownership,
with the use of own resources, for the total monthly contributions of up to two million reais (R$2,000,000.00) through each intermediary;
(ii) exempted from the requirement of nominating a custodian in advance; (iii) expanded the list of assets that can be used as guarantees
of depositary receipts; and (iv) extinguished the obligatory requirement of simultaneous forex operations and of international transfers
in reais.

See “ Item 10. D. Exchange
Controls” for further information about CMN Resolution No. 4,373/14, and “ Item 10. E. Taxation - 10. E.10 Brazilian tax
considerations - 10. E.10.02 Taxation of gains” for a description of certain tax benefits extended to non-Brazilian holders
who qualify under CMN Resolution No. 4,373/14 (which was replaced by Joint Resolution No. 13/24).

  Ø       Corporate governance practices of B3  

In 2000, B3 introduced three
special listing segments, which require differentiated practices of corporate governance known as Level 1, Level 2 and Novo Mercado, with
the purpose of stimulating the secondary market of securities issued by Brazilian companies listed on B3, encouraging these companies
to follow good corporate governance practices. B3 subsequently introduced two new segments called “ Bovespa Mais” and “ Bovespa
Mais Nível 2”, specifically for small- and medium-sized enterprises. The listing segments were designed for the trading of
shares issued by companies that voluntarily commit to following corporate governance practices and disclosure requirements beyond those
required by Brazilian legislation. These rules generally increase shareholders’ rights and increase the quality of the information
made available to shareholders. Newly amended rules for Level 1 and Level 2 segments came into effect in May 2011.

To become a “ Level
1” company, the issuer must agree to the following requirements, in addition to those imposed by applicable law: (i) ensure that
the shares in circulation represent at least 20.0% of their share capital or 15% in the case of ADTV (average daily trading volume) exceeding
R$20 million in the last 12 months; (ii) adopt offering procedures that favor the widespread ownership of the shares whenever a public
offer is made;