# EDGAR Filing Document

**Accession Number:** 0001496919
**File Stem:** 0001213900-25-082921
**Filing Date:** 2025-9
**Character Count:** 37508
**Document Hash:** 0cbd60ffd68dac388eb630e6d03387c0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-082921.hdr.sgml**: 20250902

**ACCESSION NUMBER**: 0001213900-25-082921

**CONFORMED SUBMISSION TYPE**: CB/A

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20250902

**DATE AS OF CHANGE**: 20250902

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BRF S.A.
- **CENTRAL INDEX KEY:** 0001122491
- **STANDARD INDUSTRIAL CLASSIFICATION:** MEAT PACKING PLANTS [2011]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D5
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** CB/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-81914
- **FILM NUMBER:** 251282989

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** AV DAS NACOES UNIDAS 14401 22ND-25TH
- **STREET 2:** FLOORS TORRE A2 VILA GERTRUDES 04794-000
- **CITY:** SAO PAULO
- **NON US STATE TERRITORY:** SAO PAULO
- **PROVINCE COUNTRY:** D5
- **BUSINESS PHONE:** 551123225377

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** AV DAS NACOES UNIDAS 14401 22ND-25TH
- **STREET 2:** FLOORS TORRE A2 VILA GERTRUDES 04794-000
- **CITY:** SAO PAULO
- **NON US STATE TERRITORY:** SAO PAULO
- **PROVINCE COUNTRY:** D5

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BRF-BRASIL FOODS S.A.
- **DATE OF NAME CHANGE:** 20090708

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PERDIGAO SA
- **DATE OF NAME CHANGE:** 20000823
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MARFRIG GLOBAL FOODS S.A.
- **CENTRAL INDEX KEY:** 0001496919
- **ORGANIZATION NAME:** International Corp Fin
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** CB/A

**BUSINESS ADDRESS:**
- **STREET 1:** AVENIDA CHEDID JAFET, NO 222
- **STREET 2:** BLOCK A, 1ST FLOOR
- **CITY:** SAO PAULO
- **STATE:** D5
- **ZIP:** 04551-065
- **BUSINESS PHONE:** 55 11 3728 8600

**MAIL ADDRESS:**
- **STREET 1:** AVENIDA CHEDID JAFET, NO 222
- **STREET 2:** BLOCK A, 1ST FLOOR
- **CITY:** SAO PAULO
- **STATE:** D5
- **ZIP:** 04551-065

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MARFRIG ALIMENTOS S.A.
- **DATE OF NAME CHANGE:** 20100716

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Form CB**

**Amendment No. 14**

**Tender Offer/Rights Offering Notification Form**

Please place an X in the box(es) to designate the appropriate rule provision(s) relied upon to file this Form:

---

| | |
|:---|:---|
| Securities Act Rule 801 (Rights Offering) | ☐ |
| Securities Act Rule 802 (Exchange Offer) | ☒ |
| Exchange Act Rule 13e-4(h)(8) (Issuer Tender Offer) | ☐ |
| Exchange Act Rule 14d-1(c) (Third Party Tender Offer) | ☐ |
| Exchange Act Rule 14e-2(d) (Subject Company Response) | ☐ |

---

**BRF S.A.**

(Name of Subject Company)

**Not Applicable**

(Translation of Subject Company's Name into English (if applicable))

**Federative Republic of Brazil** 

(Jurisdiction of Subject Company's Incorporation or Organization)

**Marfrig Global Foods S.A.** 

(Name of Person(s) Furnishing Form)

**Common Shares and American Depositary Shares,** 

**representing common shares of BRF S.A.**

(Title of Class of Subject Securities)

**10552T107** 

(CUSIP Number of Class of Securities (if applicable))

**BRF S.A.**

Attn: Fabio Luis Mendes Mariano

Chief Financial and Investor Relations Officer

14401 Av. das Nações Unidas, 22nd Floor,

São Paulo, 04730 090, Brazil

+55 (11) 2322-5377

(Name, Address (including zip code) and Telephone Number (including area code) of

Person(s) Authorized to Receive Notices and Communications on Behalf of Subject Company)

**N/A**

(Date Tender Offer/Rights Offering Commenced)

**PART I - INFORMATION SENT TO SECURITY HOLDERS**

**Item 1. Home Jurisdiction Documents**

&nbsp;&nbsp;&nbsp;&nbsp;(a) The following document is attached hereto as an exhibit to this form:

---

| | |
|:---|:---|
| ***Exhibit No.*** | ***Description*** |
| 99.1\* | [Joint Material Fact *(fato relevante)* disseminated in Brazil by BRF S.A. ("BRF") and Marfrig Global Foods S.A. ("Marfrig") on May 15, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025044690/ea024243302ex99-1_marfrig.htm) |
| 99.2\* | [Plan of Merger for the merger of BRF shares into Marfrig and attachments made available to investors in Brazil by Marfrig and BRF on May 16, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025045389/ea024265201ex99-2_marfrig.htm) |
| 99.3\* | [Marfrig's Management Proposal and Manual for Participation and attachments made available to investors in Brazil by Marfrig on May 16, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025045389/ea024265201ex99-3_marfrig.htm) |
| 99.4\* | [Remote Voting Bulletin of Marfrig made available to investors in Brazil by Marfrig on May 16, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025045389/ea024265201ex99-4_marfrig.htm) |
| 99.5\* | [BRF's Management Proposal and Manual for Participation and attachments made available to investors in Brazil by BRF on May 16, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025045389/ea024265201ex99-5_marfrig.htm) |
| 99.6\* | [Remote Voting Bulletin of BRF made available to investors in Brazil by BRF on May 16, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025045389/ea024265201ex99-6_marfrig.htm) |
| 99.8\* | [Joint Material Fact *(fato relevante)* disseminated in Brazil by BRF and Marfrig on May 26, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025047797/ea024344301ex99-8_marfrig.htm) |
| 99.9\* | [Minutes of the meeting of the board of directors of Marfrig held on May 26, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025047797/ea024344301ex99-9_marfrig.htm) |
| 99.10\* | [Minutes of the meeting of the board of directors of BRF held on May 26, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025047797/ea024344301ex99-10_marfrig.htm) |
| 99.11\* | [Amended and restated Plan of Merger for the merger of BRF shares into Marfrig and attachments made available to investors in Brazil by Marfrig and BRF on May 26, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025047797/ea024344301ex99-11_marfrig.htm) |
| 99.12\* | [Amended Marfrig's Management Proposal and Manual for Participation and attachments made available to investors in Brazil by Marfrig on May 26, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025047797/ea024344301ex99-12_marfrig.htm) |
| 99.13\* | [Amended and restated BRF's Management Proposal and Manual for Participation and attachments made available to investors in Brazil by Marfrig on May 26, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025047797/ea024344301ex99-13_marfrig.htm) |
| 99.14\* | [Joint Material Fact *(fato relevante)* disseminated in Brazil by BRF and Marfrig on June 4, 2025](http://www.sec.gov/Archives/edgar/data/1122491/000121390025051123/ea024470801ex99-14_marfrig.htm) |
| 99.15\* | [Joint Material Fact *(fato relevante)* disseminated in Brazil by BRF and Marfrig on June 17, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025055170/ea024601501ex99-15_marfrig.htm) |
| 99.16\* | [Final Synthetic Voting Map of extraordinary general meeting of Marfrig](https://www.sec.gov/Archives/edgar/data/1122491/000121390025055661/ea024618701ex99-16_marfrig.htm) |
| 99.17\* | [Consolidated Synthetic Voting Map of extraordinary general meeting of BRF](https://www.sec.gov/Archives/edgar/data/1122491/000121390025055661/ea024618701ex99-17_marfrig.htm) |
| 99.18\* | [Material Fact *(fato relevante)* disseminated in Brazil by BRF on June 17, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025055661/ea024618701ex99-18_marfrig.htm) |
| 99.19\* | [Marfrig's Minutes of the Extraordinary General Meeting opened and suspended on June 18, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025055900/ea024626301ex99-19_marfrig.htm) |
| 99.20\* | [Material Fact *(fato relevante)* disseminated in Brazil by Marfrig on June 18, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025055900/ea024626301ex99-20_marfrig.htm) |
| 99.21\* | [Final Detailed Voting Map of extraordinary general meeting of Marfrig](https://www.sec.gov/Archives/edgar/data/1122491/000121390025055900/ea024626301ex99-21_marfrig.htm) |
| 99.22\* | [Material Fact *(fato relevante)* disseminated in Brazil by Marfrig on June 23, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025057403/ea024663301ex99-22_marfrig.htm) |
| 99.23\* | [Second Amended to Marfrig's Management Proposal and Manual for Participation and attachments made available to investors in Brazil by Marfrig on June 23, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025057403/ea024663301ex99-23_marfrig.htm) |
| 99.24\* | [Remote Voting Bulletin of Marfrig made available to investors in Brazil by Marfrig on June 23, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025057403/ea024663301ex99-24_marfrig.htm) |
| 99.25\* | [Call Notice for BRF's Extraordinary General Shareholders' Meeting made available to investors in Brazil by BRF on June 23, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025057403/ea024663301ex99-25_marfrig.htm) |
| 99.26\* | [Amended and Restated BRF's Management Proposal and Manual for Participation and attachments made available to investors in Brazil by BRF on June 23, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025057403/ea024663301ex99-26_marfrig.htm) |
| 99.27\* | [Amended and Restated Remote Voting Bulletin of BRF made available to investors in Brazil by BRF on June 23, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025057403/ea024663301ex99-27_marfrig.htm) |

---

---

| | |
|:---|:---|
| 99.28\* | [Material Fact *(fato relevante)* disseminated in Brazil by Marfrig on July 11, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025063474/ea024878101ex99-28_marfrig.htm) |
| 99.29\* | [Material Fact *(fato relevante)* disseminated in Brazil by BRF on July 11, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025063474/ea024878101ex99-29_marfrig.htm) |
| 99.30\* | [Material Fact *(fato relevante)* disseminated in Brazil by Marfrig on July 15, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025064723/ea024892901ex99-30_marfrig.htm) |
| 99.31\* | [Third Amended to Marfrig's Management Proposal and Manual for Participation and attachments made available to investors in Brazil by Marfrig on July 15, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025064723/ea024892901ex99-31_marfrig.htm) |
| 99.32\* | [Remote Voting Bulletin of Marfrig made available to investors in Brazil by Marfrig on July 15, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025064723/ea024892901ex99-32_marfrig.htm) |
| 99.33\* | [Minutes of the meeting of the board of directors of Marfrig held on July 14, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025064723/ea024892901ex99-33_marfrig.htm) |
| 99.34\* | [Call Notice for BRF's Extraordinary General Shareholders' Meeting made available to investors in Brazil by BRF on July 15, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025064723/ea024892901ex99-34_marfrig.htm) |
| 99.35\* | [Amended and Restated BRF's Management Proposal and Manual for Participation and attachments made available to investors in Brazil by BRF on July 15, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025064723/ea024892901ex99-35_marfrig.htm) |
| 99.36\* | [Minutes of the meeting of the board of directors of BRF held on July 14, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025064723/ea024892901ex99-36_marfrig.htm) |
| 99.37\* | [Amended and Restated Remote Voting Ballot of BRF made available to investors in Brazil by BRF on July 15, 2025](https://www.sec.gov/Archives/edgar/data/1122491/000121390025064723/ea024892901ex99-37_marfrig.htm) |
| 99.38\* | [Consolidated Synthetic Voting Map of extraordinary general meeting of BRF made available to investors by BRF on August 2, 2025](http://www.sec.gov/Archives/edgar/data/1122491/000121390025071654/ea025167701ex99-38_marfrig.htm) |
| 99.39\* | [Consolidated synthetic voting map of extraordinary general meeting of Marfrig made available to investors by Marfrig on August 4, 2025](http://www.sec.gov/Archives/edgar/data/1122491/000121390025072211/ea025187201ex99-39_marfrig.htm) |
| 99.40\* | [Material Fact *(fato relevante)* disseminated in Brazil by BRF's on August 5, 2025](http://www.sec.gov/Archives/edgar/data/1122491/000121390025072211/ea025187201ex99-40_marfrig.htm) |
| 99.41\* | [Joint Material Fact *(fato relevante)* disseminated in Brazil by BRF and Marfrig on August 5, 2025](http://www.sec.gov/Archives/edgar/data/1122491/000121390025072414/ea025198201ex99-41_marfrig.htm) |
| 99.42\* | [Notice to Marfrig's shareholders of the beginning of the period for exercising the withdrawal rights made available to investors by Marfrig on August 5, 2025](http://www.sec.gov/Archives/edgar/data/1122491/000121390025072414/ea025198201ex99-42_marfrig.htm) |
| 99.43\* | [Notice to BRF's shareholders of the beginning of the period for exercising the withdrawal rights made available to investors by BRF on August 5, 2025](http://www.sec.gov/Archives/edgar/data/1122491/000121390025072414/ea025198201ex99-43_marfrig.htm) |
| 99.44\* | [BRF's Minutes of the Extraordinary General Meeting held on August 5, 2025](http://www.sec.gov/Archives/edgar/data/1122491/000121390025072414/ea025198201ex99-44_marfrig.htm) |
| 99.45\* | [Marfrig's Minutes of the Extraordinary General Meeting held on August 5, 2025](http://www.sec.gov/Archives/edgar/data/1122491/000121390025072414/ea025198201ex99-45_marfrig.htm) |
| 99.46\* | [Final Synthetic Voting Map of the Extraordinary General Meeting of Marfrig held on August 5, 2025](http://www.sec.gov/Archives/edgar/data/1122491/000121390025072414/ea025198201ex99-46_marfrig.htm) |
| 99.47\* | [Final Synthetic Voting Map of the Extraordinary General Meeting of BRF held on August 5, 2025](http://www.sec.gov/Archives/edgar/data/1122491/000121390025072414/ea025198201ex99-47_marfrig.htm) |
| 99.48\* | [Final Detailed Voting Map of the Extraordinary General Meeting of BRF made available to investors by BRF on August 12, 2025](http://www.sec.gov/Archives/edgar/data/1122491/000121390025075382/ea025298401ex99-48_marfrig.htm) |
| 99.49\* | [Final Detailed Voting Map of the Extraordinary General Meeting of Marfrig made available to investors by Marfrig on August 12, 2025](http://www.sec.gov/Archives/edgar/data/1122491/000121390025075382/ea025298401ex99-49_marfrig.htm) |
| 99.50 | [Notice to Marfrig's shareholders made available to investors by Marfrig on August 29, 2025](ea025482301ex99-50_marfrig.htm) |
| 99.51 | [Notice to BRF's shareholders made available to investors by BRF on August 29, 2025](ea025482301ex99-51_marfrig.htm) |

---

\* Previously furnished as exhibit to Form CB filed with the Securities and Exchange Commission.

(b) Not
applicable.

**Item 2. Informational Legends**

Included in document attached hereto as Exhibit 99.1.

**PART II – INFORMATION NOT REQUIRED TO BE SENT TO SECURITY HOLDERS**

(1) The
following document is attached hereto as an exhibit to this form:

---

| | |
|:---|:---|
| ***Exhibit No.*** | ***Description*** |
| 99.7\* | [Investors' presentation made available to investors in Brazil by Marfrig and BRF on May 16, 2025](http://www.sec.gov/Archives/edgar/data/1122491/000121390025045389/ea024265201ex99-7_marfrig.htm) |

---

\* Previously furnished as exhibit to Form CB filed with the Securities and Exchange Commission.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Not Applicable.

&nbsp;&nbsp;&nbsp;&nbsp;(3) Not Applicable.

**PART III - CONSENT TO SERVICE OF PROCESS**

&nbsp;&nbsp;&nbsp;&nbsp;(1) [Form F-X](http://www.sec.gov/Archives/edgar/data/1496919/000121390025044735/ea0242433-fx_marfrig.htm) filed concurrently with the Securities and Exchange Commission on May 16, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Not Applicable.

**PART IV - SIGNATURES**

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| | | |
|:---|:---|:---|
|  | **Marfrig Global Foods S.A.** | **Marfrig Global Foods S.A.** |
| Dated: September 2, 2025 | By: | /s/ Rui Mendonça Junior |
|  | Name: | Rui Mendonça Junior |
|  | Title: | Chief Executive Officer |
|  | By: | /s/ Tang David |
|  | Name: | Tang David |
|  | Title: | Chief Financial Officer |

---

## Exhibit 99.50

**Exhibit 99.50**

**This business combination involves the securities of a Brazilian company. The business combination is subject to disclosure requirements of Brazil that are different from those of the United States. Financial statements included in the document, if any, have been prepared in accordance with foreign accounting standards that may not be comparable to financial statements of United States companies.**

**It may be difficult for you to enforce your rights and any claim you may have arising under the U.S. federal securities laws, since the issuer is located in Brazil, and some or all of its officers and directors may be residents of Brazil. You may not be able to sue a Brazilian company or its officers or directors in a Brazilian court for violations of the U.S. securities laws. It may be difficult to compel a Brazilian company and its affiliates to subject themselves to a U.S. court's judgment.**

**You should be aware that the issuer may purchase securities otherwise than under the business combination, such as in open market or privately negotiated purchases.**

![](ex99-50_001.jpg)

**MARFRIG GLOBAL FOODS S.A.**<br> Publicly Traded Company<br> CNPJ/MF No. 03.853.896/0001-40<br> NIRE 35.300.341.031

**NOTICE TO SHAREHOLDERS**<br> <u>Tax Treatment of Shareholders as a Result of Exercising Their Withdrawal Right</u>

**MARFRIG GLOBAL FOODS S.A.** ("**Marfrig**" or the "**Company**") hereby announces, in continuation of the material fact disclosed on August 5, 2025, which reported the approval by the Company's Extraordinary General Meeting, which started and was suspended on June 18, 2025, and resumed and concluded on August 5, 2025 (the "**Meeting**"), of the merger of shares issued by BRF S.A. ("**BRF**") by the Company (the "**Merger**"), the completion of which is subject to the verification (or waiver, as the case may be) of certain conditions set forth in the "Plan of Merger of BRF S. A. by Marfrig Global Foods S.A. entered into on May 15, 2025, as amended on May 26, 2025 (the "**Plan of Merger**"), and upon the occurrence of the Closing Date (as defined in the Plan of Merger), to present to its shareholders information related to the tax treatment to be given to Dissenting Shareholders (as defined below) as a result of the exercise of the Withdrawal Right (as defined below), as well as request Dissenting Shareholders not resident in Brazil to provide certain information necessary for the Company to comply with its legal obligations under tax legislation and regulations.

1 Exercise of the Withdrawal Right.

**1.1** **Withdrawal Right**. As provided for in the notice to shareholders disclosed by the Company on August
5, 2025 (the "**Notice to Shareholders** "), the approval of the Merger gives rise to the right of withdrawal (the "**Withdrawal Right**") for holders of common shares issued by the Company who (i) have held shares issued by Marfrig continuously from the
date of disclosure of the first material fact regarding the Merger (i.e., May 15, 2025, inclusive) until the Closing Date; (ii) did not
vote in favor of the Merger, abstained from voting, or did not attend the Meeting; and (iii) expressly state their intention to exercise
the Withdrawal Right in the period between August 6, 2025 (inclusive) and September 5, 2025 (inclusive) (the "**Dissenting Shareholders** ").

**1.2** **Reimbursement amount**. Pursuant to Article 45 of Law No. 6,404, of December 15, 1976 (the "**Brazilian Corporations Law**") and in accordance with item 6.2 of the Plan of Merger, the reimbursement amount will be R$3.32 per share,
corresponding to the book value per share calculated based on the Company's net equity as stated in the financial statements for
the fiscal year ended December 31, 2024, as approved by the Ordinary General Meeting held on March 31, 2025, divided by the number of
shares issued by the Company on December 31, 2024 (without considering the shares held in treasury on May 15, 2025).

**1.3** **Payment of the Withdrawal Right**. After the deadline for exercising the Withdrawal Right has passed,
the Company will inform the Dissenting Shareholders of the date of payment of the reimbursement of the shares in the event of the exercise
of the Withdrawal Right, without prejudice to the right of the Company's management, within ten (10) days after the expiration of
the period for exercising the Withdrawal Right, to call a General Meeting to reconsider the resolution on the Merger based on the volume
of the Withdrawal Right exercised.

2 Tax Treatment of Dissenting Shareholders.

**2.1** **Dissenting Shareholders residing in Brazil.** The Company is not responsible for any withholding
or collection of taxes levied on potential gains earned by Dissenting Shareholders residing in Brazil, including individuals and legal
entities, investment funds, or other entities, as a result of exercising the Withdrawal Right. Such shareholders may be subject to income
tax and other taxes, in accordance with the legal and regulatory rules applicable to each category of investor, and these investors should
consult their advisors on the applicable taxation and be responsible for the eventual payment of any applicable taxes.

**2.2** **Dissenting Shareholders not resident in Brazil.** 

Due to the Company's legal responsibility for withholding and paying Withholding Income Tax (the "**IRRF**") on potential gains earned by Dissenting Shareholders not resident in Brazil, as established in the applicable legislation, the Company will withhold part of the amount due to such shareholders as reimbursement for the Withdrawal Right, in an amount corresponding to the IRRF related to any capital gains earned by such investors.

The calculation basis for the IRRF will be the capital gain of the respective Dissenting Shareholder, corresponding to the positive difference, if any, between (i) the reimbursement amount, as detailed in item 1.2, above; and (ii) the acquisition cost of the shares issued by the Company to each non-resident Dissenting Shareholder. IRRF will be withheld and collected by the Company in accordance with the legal and regulatory rules applicable to each type of investor not resident in Brazil, observing the rates of 15% to 22.5%, or the rate of 25% in the case of shareholders who are residents of a country or dependency with favorable taxation (i.e. juridisction that (i) does not impose any tax on income; (ii) imposes income tax at a maximum rate lower than 17%; or (iii) imposes restrictions on the disclosure of ownership composition or securities ownership or does not allow for the identification of the beneficial owners of the earnings that are attributed to non-residents).

The Company reserves the right to offset the amount collected as IRRF from each Dissenting Shareholder not resident in Brazil with any credits held by the Company against the respective investors.

In order to enable the calculation of any capital gains, Dissenting Shareholders not resident in Brazil must complete and submit electronically to the Company, directly or through their custodians, the template spreadsheet contained in **<u>Annex I</u>** to this notice, containing information on non-resident shareholders, including the acquisition cost of the shares issued by the Company that they hold and their tax residence, and provide the corresponding supporting documentation. The template spreadsheet contained in **<u>Annex I</u>** to this notice to must be completed and sent by the shareholder by email to the following address: , with the subject line "Withdrawal Right – Acquisition Cost." The amounts indicated in the template spreadsheet as acquisition cost must be accompanied by reliable and adequate supporting documentation (e.g., broker statements), which must also be attached to the email. Such information and documents must be submitted in accordance with the instructions contained herein **<u>by 6:00 p.m. (BRT) on September 10, 2025.</u>** The Company may, at its sole discretion, request additional information and/or documents whenever it deems necessary for the full compliance with its legal obligations as a tax entity.

The Company will use the information provided to it in the manner described above to calculate capital gains and withholding income tax, with shareholders being responsible for the accuracy and completeness of such information and documents. The Company (i) will consider the acquisition cost to be zero for Non-Resident Dissenting Shareholders who do not submit the acquisition cost of the shares issued by the Company, or who submit the information and/or supporting documentation in an inadequate, insufficient, or untimely manner; and (ii) apply a 25% tax rate on the capital gains of Dissenting Shareholders not resident in Brazil who, within the same period, fail to inform their country or dependency of residence or tax domicile, all in accordance with the laws and regulations of the Brazilian Federal Revenue Service.

By providing the above information, shareholders and their custodians authorize the disclosure of the data submitted, as well as any additional information that may be subsequently requested by the Company to the tax authorities in an audit procedure.

The Company will keep its respective shareholders and the market informed about the progress of the Merger and other matters discussed herein, including the outcome of the Withdrawal Right and the conditions and deadlines applicable to the payment of the reimbursement amount, if applicable.

São Paulo, August 29, 2025.

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| &nbsp;&nbsp;**MARFRIG GLOBAL FOODS S.A.** |
| &nbsp;&nbsp;**Tang David**<br> Chief Financial Officer and Investor Relations Officer |

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**APPENDIX I<br> INFORMATION ON ACQUISITION COST**1

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Name** | **CPF/CNPJ** | **Country of<br> Tax Residence** | **Classification<br> under Joint<br> Resolution No. 13<br> of the CMN and<br> CVM? (Yes/No)** | **Acquisition Date** | **Acquisition<br> Cost per <br> Share (BRL)** | **Number of<br> Shares** |

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<sup>1</sup> The information must be submitted in xls format (Excel file), accompanied by the corresponding supporting documentation.

## Exhibit 99.51

**Exhibit 99.51**

**This business combination involves the securities of a Brazilian company. The business combination is subject to disclosure requirements of Brazil that are different from those of the United States. Financial statements included in the document, if any, have been prepared in accordance with foreign accounting standards that may not be comparable to financial statements of United States companies.**

**It may be difficult for you to enforce your rights and any claim you may have arising under the U.S. federal securities laws, since the issuer is located in Brazil, and some or all of its officers and directors may be residents of Brazil. You may not be able to sue a Brazilian company or its officers or directors in a Brazilian court for violations of the U.S. securities laws. It may be difficult to compel a Brazilian company and its affiliates to subject themselves to a U.S. court's judgment.**

**You should be aware that the issuer may purchase securities otherwise than under the business combination, such as in open market or privately negotiated purchases.**

![](ex99-51_001.jpg)

**BRF S.A.**<br> Publicly Trade Company

CNPJ/MF No. 01.838.723/0001-27

NIRE 42.300.034.240

**NOTICE TO SHAREHOLDERS**<br> <u>Tax Treatment of Shareholders as a Result of the Withdrawal Exercise</u>

 

**BRF S.A.** ("**BRF**" or "**Company**"), following the material fact disclosed on August 5, 2025, which informed the approval by the Company's Extraordinary General Meeting held on the same date ("**Meeting**") of the merger of shares issued by BRF by Marfrig Global Foods S.A. ("**Marfrig**") (the **"Merger of Shares**"), the consummation of which is subject to the satisfaction (or waiver, as the case may be) of certain conditions precedent set forth in the "Plan of Merger of Shares Issued by BRF S.A. by Marfrig Global Foods S.A..", entered into on May 15, 2025, as amended on May 26, 2025 ("**Plan of Merger**"), and the advent of the Closing Date (as defined in the Plan of Merger), to present to its shareholders information related to the tax treatment to be given to the Dissenting Shareholders (as defined below) as a result of the exercise of the Withdrawal Right (as defined below), as well as to request the Dissenting Shareholders not resident in Brazil to provide certain information necessary to comply with the Company's legal duties under applicable tax laws and regulations.

1 Exercising the Withdrawal Right.

**1.1** **Withdrawal Right**. As provided for in the notice to shareholders disclosed by the Company on August
5, 2025 ()"**Notice to Shareholders** "), the approval of the Merger of Shares gives rise to the Withdrawal Right ()"**Withdrawal Right**") for holders of common shares issued by the Company who (i) hold shares issued by BRF on an uninterrupted basis, from
the date of disclosure of the first material fact regarding the Merger of Shares (i.e., 15 May 2025) through the Closing Date; (ii) did
not vote in favor of the Merger of Shares, abstained from voting or did not attend the Meeting; and (iii) expressly express their intention
to exercise the Withdrawal Right between August 6, 2025 (inclusive) and September 5, 2025 (inclusive) ()"**Dissenting Shareholders** ").

**1.2** **Refund amount**. Pursuant to article 264, paragraph 3, of Law No. 6,404, of December 15, 1976 ()"**Brazilian Corporation Law**") and pursuant to item 6.2 of the Plan of Merger, the Dissenting Shareholders may choose between: (i) the reimbursement
amount established pursuant to article 45 of the Brazilian Corporation Law, corresponding to R$9.43 per share; or (ii) the book value
per share issued by BRF, determined based on the appraisal report containing the calculation of the replacement ratio of the shares held
by BRF's non-controlling shareholders, based on the value of the shareholders' equity of Marfrig and BRF's shares, the two assets evaluated
according to the same criteria and on the same date, at market prices, pursuant to article 264 of the Brazilian Corporation Law, corresponding
to R$19.89 per share.

**1.3** **Payment of Withdrawal Right**. After the expiration of the period for exercising the Withdrawal Right,
the Company shall inform the Dissenting Shareholders of the date of payment of the reimbursement of the shares in case of the exercise
of the Withdrawal Right, without prejudice to the right of the Company's management to, within ten (10) days after the end of the Withdrawal
Right exerice period, call a Shareholders' Meeting to reconsider the resolution of the Merger of Shares due to the volume of the Withdrawal
Rights exercised.

2 Tax Treatment of Dissenting Shareholders.

**2.1** **Dissenting Shareholders residing in Brazil.** The Company is not responsible for any withholding
or payment of taxes levied on potential gains earned by Dissenting Shareholders residing in Brazil, including individuals and legal entities,
investment funds or other entities, as a result of the exercise of the Withdrawal Right. Such shareholders may be subject to the incidence
of income tax and other taxes, in accordance with the legal and regulatory rules applicable to each category of investor, and these investors
must consult their advisors about the applicable taxation and be responsible for the eventual payment of the taxes that are applicable.

**2.2** **Dissenting Shareholders not resident in Brazil.** 

Due to the Company's legal responsibility for withholding and payment of Withholding Income Tax ("**IRRF**") levied on potential gains earned by Dissenting Shareholders not resident in Brazil, as established in the applicable legislation, the Company will retain part of the amount due to such shareholders as reimbursement for the Withdrawal Right, in an amount corresponding to the IRRF related to any capital gain earned by such investors.

The calculation basis for the WHT will be the capital gain of the respective Dissenting Shareholder, corresponding to the positive difference, if any, between (i) the amount of the reimbursement, as detailed in item 1.2, above; and (ii) the cost of acquisition of the shares issued by the Company from each non-resident Dissident Shareholder. The WHT will be withheld and collected by the Company in accordance with the legal and regulatory rules applicable to each type of investor not resident in Brazil, observing the rates of 15% to 22.5%, or the rate of 25% in the case of a shareholder who is resident in Favorable Tax Jurisdiction (i.e. juridisction that (i) does not impose any tax on income; (ii) imposes income tax at a maximum rate lower than 17%; or (iii) imposes restrictions on the disclosure of ownership composition or securities ownership or does not allow for the identification of the beneficial owners of the earnings that are attributed to non-residents).

The Company reserves the right to offset the amount collected as WHT from each Dissident Shareholder not resident in Brazil against any credits held by the Company against the respective investors.

In order to enable the calculation of any capital gain, the Dissenting Shareholders who are not resident in Brazil must fill out and deliver electronically to the Company, directly or through their respective custodians, the information contained in **<u>Exhibit I</u>** to this notice to shareholders, containing data about the non-resident shareholders, including the cost of acquisition of the shares issued by the Company and their tax residence, and provide the corresponding supporting documentation. The information contained in **<u>Exhibit I</u>** to this notice to shareholders must be completed and made available by the shareholder through the form to be accessed through the link https://brf.softexpert.com/se/v87978/survey/s.php?token=d18b404bd323fbac4f38f10649964c3a&se-guestsession-token=4154be452da8724bda292882d453a1616139.

The information filled out in the form as acquisition cost must be accompanied by reliable and adequate supporting documentation (for example, broker statements), which should also be attached to the form. Such information and documents must be submitted in accordance with the instructions contained herein **<u>by 6:00 p.m. (BRT) on 10 September, 2025</u>**. The Company may, at its sole discretion, request additional information and/or documents whenever it deems necessary for full compliance with its legal obligations as a tax liable.

The Company will use the information provided to it in the form above to calculate the capital gain and the WHT, and the shareholders will be responsible for the veracity and completeness of such information and documents. The Company (i) will consider the acquisition cost to be equal to zero for non-resident Dissenting Shareholders who do not forward the amount of the acquisition cost of the shares issued by the Company, or who submit the information and/or supporting documentation in an inadequate, insufficient or untimely manner; and (ii) it will apply the rate of 25% on the capital gains of Dissenting Shareholders not resident in Brazil who, within the same period, fail to inform their country or dependence of residence or tax domicile, all in accordance with the legislation and regulations of the Federal Revenue Service of Brazil.

By providing the information mentioned above, the Shareholders and their Custody Agents authorize the availability of the data submitted, as well as any additional information that may be subsequently requested by the Company to the tax authorities in inspection proceedings.

The Company will keep its respective shareholders and the market informed about the development of the Merger of Shares and other matters hereunder, including the result of the Withdrawal Right and the conditions and deadlines applicable to the payment of the refund amount, if applicable.

São Paulo, August 29, 2025.

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|:---|
| &nbsp;&nbsp;**BRF S.A.** |
| &nbsp;&nbsp;**Fábio Luis Mendes Mariano**<br> Chief Financial and Investor Relations Officer |

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**ANNEX I**

**ACQUISITION COST INFORMATION1**

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Name** | **CPF/CNPJ** | **Country of <br> tax residence** | **Classification<br> under the terms of<br> Joint Resolution<br> No. 13, of the CMN <br> and the CVM?<br> (Yes/No)** | **Acquisition<br> Date** | **Acquisition<br> Cost per<br> Share (R$)** | **Number of<br> Shares** |

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<sup>1</sup> The information must be sent in xls format. (Excel file), accompanied by the corresponding supporting documentation for proof.