On April 29, 2025, for the Hydro, Other Renewables, and Energy Efficiency Business Units only, and on June 26, 2025, for the rest of the Group’s scope, the Board of Directors of CVA resolved to approve an update to its Industrial Strategic Plan, revising and adjusting the projections contained therein with a time horizon of 2025-2029.

The need for this update, besides being due to the different time period, arose to incorporate changes to some specific assumptions underlying the previous plans such as (i) the time schedule of wind and photovoltaic projects, (ii) success rate, (iii) electricity prices, (iv) Capex plan, and (v) assumptions on intercompany performance.

It is also noted that the Hydro and Distribution Business Units may undergo significant updates in their plan forecasts in correlation with the evolution of regulations regarding the renewal of distribution concessions and the concessions for major hydroelectric derivations.