WEG S A : Minutes of the Metting of the Board of Directors - 1,087

WEG S.A.

GRUPO WEG

A PUBLICLY LISTED COMPANY

CNPJ sob nº 84.429.695/0001-11

Av. Prefeito Waldemar Grubba, 3.300

Jaraguá do Sul - Estado de Santa Catarina

NIRE 42300012203

MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS - N° 1,087

On May 21, 2024, the members of the board of directors, summoned by the chairman Mr. Décio da Silva, met at the Company headquarters in order to deliberate:

1. Approved by unanimous vote, the 2024 Reference Form which will be filed on the CVM portal and available on the IR website (https://ri.weg.net/en/), on May 31, 2024.

2. Approved, by unanimous vote, in accordance with paragraph j of article 22, of the Bylaws, authorizing the Company to grant a guarantee, as joint debtor and main payer of all obligations arising from the Contract, until its final settlement with express waiver of the benefits of articles 366, 827 and 838 of the Civil Code, under the terms of Decision CCOp 31/2024-BNDES, of 5/7/2024, and its Annex Conditions for the Operation, which approved the granting of financing for the company WEG Drives & Controls - Automação Ltda., to support the company's innovation investment plan, aimed at developing more efficient, sustainable and digital products and processes, in the amount of R$ 58.000.000,00 (fifty-eight million reais). The main conditions of guaranteed operation are detailed below:

2.1 Financial Cost:

Subcredit

Value

Origin

Financial

Total

Basic

Credit

Flat

Resources

Cost

Remuneration

Remuneration

Risk

Surcharge

71206260001

R$ 58,000,000.00

FAT TR

TR derivada

2.20 %

2.00 %

0.20 %

0 %

BNDES

226

2.2 Special Obligations of the Intervening Controller (WEG S.A.):

Maintain the following financial indicator throughout the entire term of the Agreement, to be calculated annually based on your Audited Financial Statements for each year:

1. a. Net Bank Debt / EBITDA, less than or equal to 3.0 (three integers).

2. The company's risk mapping in 2023 was acknowledged and the proposed actions were approved by unanimous vote.
3. Approved by unanimous vote the revision of the Related Party Transaction Policy.

Being this all that there was to be decided upon, the chairman thanked all the present members and ended the meeting. Jaraguá do Sul(SC). Signed: Décio da Silva - chairman of the board of directors. Nildemar Secches. Vice-chairman of the board. Sérgio Luiz Silva Schwartz. Martin Werninghaus. Dan Ioschpe. Harry Schmelzer Junior. Tânia Conte Cosentino. Members. This is a true copy of the minute transcribed on page 4 in the minutes book No. 30.

DÉCIO DA SILVA

Chairman of the Board of Directors