AXIAY 6-K/A

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K/A

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

For the month of March, 2026

Commission File Number 1-34129

CENTRAIS ELÉTRICAS BRASILEIRAS S.A.- ELETROBRÁS

(Exact name of registrant as specified in its charter)

BRAZILIAN ELECTRIC POWER COMPANY

(Translation of Registrant's name into English)

Rua da Quitanda, 196 – 24th floor,Centro, CEP 20091-005,Rio de Janeiro, RJ, Brazil

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ___X___ Form 40-F _______

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _______ No___X____

CÓDIGO DE CONDUTA | 1 Code of Conduct CÓDIGO DE CONDUTA | 2 Our pursuit of ethical excellence transcends the ordinary. Butit is in daily life, in the most common and common actions, that it is esta blished. We want to create, together with all our professionalsand partners, a legacy of integrity that echoes in every interaction. The refore, the AXIA Energia Code of Conduct is not a static document.It is a renewed commitment; a guiding instrument for the daily lives of our managers, leaders, professionals and everyone who relatesto the company; a compass to guide our steps towards a future in which ethics is not just an ideal, but the essence of who we are. Weestablish here the principles in which we believe and our duties to all society, organized in the themes People, Planet, Governance andProsperity. This version was built on the solid foundation of our values – with emphasis on Life First and Integrity Always –and our purpose of caring for the planet by delivering the energy we believe in. We reinforce, with the ESG (Environmental, Social andGovernance) lens, the connection between our objectives and our actions, our behaviors and our positions as a company and as people. Weaffirm our nonnegotiable commitment to safety and sustainable growth, hand in hand with ethical values, inseparable partners for the relevance and continuity of any business. To be effective, it is essential that this living document reaches not only AXIA Energia professionals,but suppliers, partners, customers, communities, public authorities, the press, shareholders and socie ty in general. I invite everyone,therefore, to know this new version of our Code of Conduct and to take responsibility for ethical, inte gral and sustainable action, everyday. Enjoy reading! Ivan de Souza Monteiro , presidente de AXIA Energia A WORD FROM THE PRESIDENT CÓDIGO DE CONDUTA | 3 TABLE OFCONTENTS 04.Code Effectiveness34 4.1 Commitment 34 4.2 Doubts and manifestations 34 4.3 Complaints 35 4.4 Violations and consequences36 05.Glossary38 06.Term of Acceptance42 1.Presentation04 1.1 Target audience04 1.2 How to apply the guidelines05 1.3 Responsibilities051.4 Review and updates06 02.Corporate Identity07 03.Conduct Commitments09 3.1 People 10 3.2 Planet 16 3.3 Governance 17 3.4 Prosperity32 CÓDIGO DE CONDUTA | 4 AXIA Energia is committed to the dissemination of an ethical and integral culture in the management ofcorporate business. The AXIA Energia Code of Conduct is the guiding document of its performance, based on ethical principles and commitmentsof conduct, as a compass that guides the company’s path in search of sustainable economic development and respectful relations withstakeholders. Here are the guidelines for how the company operates and how it expects its professionals and third parties to act, in orderto ensure an ethical and integral attitude and relationships based on transparency and trust. 1 Presentation 1.1. Target Audience AXIAEnergia, and companies in which it may have direct and indirect corporate control, must adopt the guidelines of this code. Hereinafter,the set of companies will be referred to in the document as “AXIA Energia” or “company”. The guidelines in thisdocument are intended for all professionals: members of the Board of Directors and Fiscal Council and statutory committees, directors,employees, contractors, service providers, representatives, as well as interns and apprentices of the companies. It is an individual andcollective commitment of all to comply with the code, and also to promote its compliance, in all actions of the AXIA Energia value chainand in relations with takeholders. CODE OF CONDUCT | 5 These guidelines are also intended for all audiences who have any form of relationshipor who represent AXIA Energia. Thus, AXIA Energia supplier companies, service providers, and other partners will have in their contracts,partnerships, agreements, terms or agreements, including shareholders’ agreement, specific clauses, according to the business carriedout, in which they undertake to respect, comply with and enforce, as appropriate, this Code of Conduct, the Compliance Program and AXIAEnergia policies. 1.2. How To Apply The Guidelines Importantly, the conduct commitments expressed in this document apply to all environments:face-to-face, remote work, hybrid or any other type of work that arises. The topics that involve the company’s professional performanceare addressed here. For situations not provided for in this code, it is recommended that decision making be carried out considering thefollowing analyzes: •Is the conduct considered legal or in accordance with this code and AXIA Energia policies? •Are the risksand the decision to be made the best for the company? • Is conduct a good example for co-workers? •If there was publicity inthe press, would the situation be comfortable? If the answer to all questions is positive, it indicates that the attitude is in complianceand that the collaborator is contributing to strengthening the company’s integrity environment. If the answer is negative on atleast one of these questions, be sure to ask for guidance, either from the manager or from the area responsible for the Compliance Programin the company. 1.3 Responsabilidades The Board of Directors, through the Audit and Risk Committee (CAE), is responsible for supervisingthis code, approving each new version of the document, reinforcing its commitment and sponsorship to the guiding pillars of AXIA Energiaethical performance and the importance of these dimensions in business practices. The Vice-Presidency of Governance, Risks, Complianceand Sustainability of AXIA Energia, through the instance of corporate integrity, is responsible for the preparation and review of thedocument, acting in partnership with the other areas of the company and also for the implementation and application of the guidelines.Responsible for the correct dissemination of the content of the document, the Vice Presidency of Governance, Risks and Compliance is alsocommitted to conducting annual training on the guidelines of the code. CODE OF CONDUCT | 6 1.4 Review Changes And Update As society isconstantly changing, requiring successive adaptations, and as ethical and integral conduct is eminently affected by human relations, itis essential to align the code with the natural evolution of the organization, the context in which it is inserted and society itself.Therefore, it is necessary to periodically update the document, at most every five years, unless there is a need for legislative updatingor supervening fact. This version was approved through AXIA Energia Board Resolution No. 299 of 06/04/2024 and AXIA Energia Board of DirectorsResolution No. 113 of 06/20/2024. CÓDIGO DE CONDUTA | 7 Our Identity AXIA Energia is an energy company. It develops the electricitygeneration, transmission and commercialization business. It works putting all its energy into the sustainable development of society.Aware of the challenges to be overcome and their potential, AXIA Energia renews its essence - based on the commitment to the sustainabledevelopment of society, ethics and respect for people and life. An innovative, clean energy company, recognized for excellence and sustainabilityand that operates with high performance standards, with the goal of creating value for investors and other stakeholders. Within this purpose,AXIA Energia performance is guided by the following ethical principles: We Operate According To Five Organizational Values: •Lifefirst r •Our energy comes from people •Integrity always •Innovate to generate value •Our excellence makes a difference2 Corporate Identity CODE OF CONDUCT | 8 I.Human Dignity And Respect For People Valuing life and affirming citizenship, respecting physicaland moral integrity, as well as the fundamental rights of freedom, privacy and data protection of all people, individual differences andthe diversity of social groups, with equality, equity and justice. II.Professionalism Integral professional performance, with responsibilityand zeal, based on social values, loyalty and mutual respect, committed to the pursuit of operational excellence, the quality of resourceallocation, execution discipline, high performance culture and the creation of value for stakeholders. III.Compliance Respect for nationallegislation and the countries where it operates, as well as the internal rules that regulate the activities of each company, in accordancewith Brazilian constitutional principles and international treaties to which Brazil is a signatory. IV.Integrity Honesty and probity incarrying out the commitments made, with objectivity and impartiality in decisions, actions and use of resources, repudiating all formsof fraud and corruption, with an active stance in the face of situations that are not in accordance with the ethical principles assumed.To ensure an ethical and integral performance, AXIA Energia has a Compliance Program with governance, guidelines and mechanisms for preventing,detecting and correcting illegal conduct related to fraud and corruption. V.Transparency Visibility of the criteria that guide the company’sdecisions and actions through clear, accurate, agile and accessible, transparent and timely communication, observing the limits of theright to data protection and confidentiality regarding AXIA Energia privileged or strategic information. VI.Sustainability Acting withenvironmental, economic, governance and social responsibility, in a balanced manner, in all operations, products, processes and initiatives,considering all interested audiences, respecting the right to full life of current generations and contributing to the preservation offuture ones. CÓDIGO DE CONDUTA | 9 AXIA Energia is a signatory to the United Nations Global Compact, the largest global corporatesustainability initiative, which calls on companies to act in line with universal principles in the areas of human rights, labor, environmentand anticorruption. The company reinforces its commitment to the sustainable development agenda, based on structuring elements for a fairer,more balanced and ethical society with the planet and with people. This commitment is materialized in four pillars that guide businessconduct and on which this code is based. People •Respecting people and human rights •Valuing life •Acting with professionalism•Caring for the company’s image Planet •Promoting environmental awareness •Reducing environmental impacts Governance•Acting with integrity •Strengthening relationships of trust Prosperity •Investing in value creation •Innovating inour industry 3 Conduct Commitments CODE OF CONDUT | 10 3.1 People AXIA Energia contributes so that all human beings can realize theirpotential with dignity and equality and in a healthy environment. We respect human rights, promoting their principles, establishing practicesand not complying with any violation in their sphere of action. Respecting People Valuing human rights Our professionals are treated withrespect and cordiality, valuing social and cultural diversity and individual differences, giving all people equal treatment, fair laborrelations, in a healthy environment, with mutual trust, cooperation and solidarity. AXIA Energia repudiates any type of discriminationor prejudice of social, cultural, ethnic origin or relating to nationality, gender identity, color/race, age, religion, political opinion,sexual orientation, physical, psychic and mental condition, or any characteristic. Awareness of human rights is promoted for professionalsand no discrimination is allowed in hiring, remuneration, access to training, promotion, termination of contract or retirement processes.In addition, AXIA Energia strengthens its commitment to the Sustainable Development Goals of the Global Compact, Agenda 2030, throughthe nine SDGs prioritized in its business strategy. CODE OF CONDUT | 11 It does not comply with any labor practice that may be considereddegrading, forced, slave or similar labor, child labor, sexual abuse or exploitation of children and adolescents and human trafficking,whether in its activities or in the value chain. Professionals are guaranteed free trade union association and the right to collectivebargaining. Unions, trade associations and employee representative entities are recognized as their legitimate representatives, maintaininga respectful and constructive dialogue, prioritizing collective bargaining as the preferred way to resolve labor disputes. Learn more:Social Responsibility Policy Human Rights Policy You Must: •Treat all professionals and other audiences with whomwe relate with cordialityand respect;•Promote inclusion and diversity practices;•Monitor and treat risks and possible adverse humanrights impacts onthe people with whom we relate;•Report immediately to the Complaint Channeldiscriminatory acts of any nature.You Must Not: •Practiceany act of prejudice or discrimination withcolleagues or third parties;•Allow prejudiced or discriminatory attitudes;•Use derogatorylanguage;•Be complicit with acts of prejudice or discrimination inrelation to professionals and other audiences that relateto AXIAEnergia;•Engage in or support partnerships that use workingconditions that violate human rights. CODE OF CONDUCT | 12 Combating psychologicalviolence, bullying and sexual harassment AXIA Energia encourages respect, cordiality and collaboration among people in the workplace,contributing to the integration of professionals and the development of teamwork. The company takes care of the physical and mental healthof professionals. It prohibits and repudiates any manifestation of psychological violence or.You Must: •Encourage the free expressionof ideas repudiating threats,blackmail, humiliation, intimidation, disqualifications orharassment of any nature in labor relations;•Takepreventive measures to curb any form of physical,sexual, moral or psychological violence;•Report to the Complaint Channel any actof physical orpsychological violence, such as discrimination, threat andblackmail, or of an offensive and hostile nature, which maybeinterpreted as insult, slander, defamation, moral or sexualharassment. You Must Not: •Have or allow behavior, including gestures,language, andphysical contact, that is sexually coercive, threatening,abusive, or exploitative;•Practice acts of vandalism, depredation,libidinous acts orattitudes that involve physical, verbal or gestural violence;•Be complicit with harassment of any nature;•Allowpersecutions, convictions, personal characteristicsor interests to interfere in the treatment of professionalsand the general public,as well as hierarchically superior andinferior colleagues. CODE OF CONDUCT | 13 Learn more: Commitments for Life Occupational Safety andHealth Policy Valuing Life Valuing life is a strategic guideline of AXIA Energia that is committed to preventing accidents and diseases,promoting the improvement of the quality of life of professionals, health and well-being of all. You Must: •Follow all health guidelinescontained in official protocols and communications of the health areas of AXIA Energia with a view to preserving the own health and thehealth ofother pr ofessionals of the company; •Adopt and promote safe behavior, following all occupational safety guidelines in orderto avoid accidents at work, including the use of personal protective equipment indicated to carry out the activities; •Perform occupationalmedical examinations within the established period and in accordance with the respective guidelines of AXIA Energia’ health teams;•Participate and encourage the participation of professionals in wellness initiatives that aim to strengthen everyone’s physicaland emotional balance; •Know and comply with the guidelines established in AXIA The strengthening of the safety and health cultureis a value, seeking to provide more and more safe and healthy conditions and environments to carry out the activities of professionals.The company undertakes to provide conditions for professionals to develop their work activity observing their individual needs, aimingto ensure the accessibility and engagement of all in the company’s activities. Energia’ Commitments for Life, occupationalhealth and safe ty policies and standards. You Must Not: •Exercise the professional function under the influence of alcohol, illegaldrugs or other substances that impact the ability to perform the activities; •Carry any type of firearm or bladed weapon, exceptfor the exercise of legally xauthorized professional activities, on the company’s premises; •Stop using the complete personalprotective equipment; •Drive a company vehicle with negligence, recklessness or malpractice; •Have attitudes that may endangerone’s own life and that of other professionals. CODE OF CONDUCT | 14 Saiba mais Política de Gestão de Pessoas ActingWith Professionalism The company is committed to the development and appreciation of human intellectual capital, providing professionalswith conditions to improve their skills, adopting knowledge dissemination practices and recognizing the merits related to the work developed,considering their proposals for improvement, regardless of their hierarchical position. AXIA Energia values a corporate culture focusedon creativity, collaboration, innovation and sustainability, committed to meritocracy and high performance, recognizing and rewardingthe talent and achievements of professionals. It ensures the preservation of its technical memory, committing itself to the training ofnew generations, aiming at maintaining the operational and technical excellence that has always guided its performance in the Brazilianelectricity market. Committed to the development and recognition of professionals and leaders: •It establishes objective and transparentcriteria and uses technological tools and methodologies to evaluate the performance of employees, who consider the merit of their technicalperformance and ethical conduct, guaranteeing them the right to know the criteria and results of their evaluations; •It promotesthe construction of career plans and paths for professionals, motivating the workforce and expanding opportunities throughout the worktrajectory; •It promotes equal opportunities, valuing diversity and ensuring inclusion. You Must: •Observe and comply with theguidelines established in the Code of Conduct, AXIA Energia policies and standards; •Participate in the educational actions promotedby the company to disseminate the culture of ethics and integrity, prevent misconduct and avoid inadvertent violations; •Exerciseactivities with professionalism, seeking continuous improvement and updating, contributing to efficiency, sustainability and operationalexcellence; •Comply with work tasks in a qualified, fast and responsible manner; •Use clothing and vocabulary compatible withthe corporate environment, with the public with whom we maintain contact and with the local culture of the communities where we operate;•Respect the hierarchy in the competent, diligent, honest, loyal and fair exercise of activities, without this preventing the possibility of reporting improper behavior or harassment practices, regardless of hierarchical position. CODE OF CONDUCT | 15 Important Leadersmust: •Observe and encourage the professionals under their management to know and comply with the AXIA Energia Code of Conduct, policiesand standards and participate in the training promoted by AXIA Energia; •Exercise professional responsibilities of management withtransparency and equanimity, guiding and motivating other professionals to create a healthy, harmonious work environment conducive toexcellence in performance and productivity; •Conduct evaluation of employees according to the criteria established by the company,give feedback and continuously monitor their development. Caring For The Company’s Image The company’s reputation is consolidatedby responsible and correct business decisions, management practices and the ethical performance of each of the professionals. You Must:•Manifest on behalf of the company only when authorized or qualified to do so, respecting the areas in charge of the relationshipwith the media and the provision of information to the press and the capital market; •When expressing personal positions on socialmedia, take care to disassociate them from those of the company; •Act as a point of contact and as a brand ambassador, generate valueand positive reputation in the relationship with the public. You Must Not •Practice acts harmful to the image of AXIA Energia, norto the image or honor of its professionals in any type of means of communication; •Carry out any type of advertising or politicalor religious advertising, nor commercial advertising, inside or outside the work premises, using the professional status of AXIA Energia.One should be aware that everything one does and says, in public spaces, physical or virtual, where the company’s name is involvedcan impact its image in several ways and dimensions. CODE OF CONDUCT | 16 Learn more: Communication Engagement PolicyOn Social Media,You Must Never: •Publish, share, comment, receive, store, send or forward messages that contain content that contradicts AXIA Energiapolicies and guidelines or any legal standard, in accesses from the corporate network and/or if the author identifies himself as an employeeof the company; •Offend AXIA Energia, its professionals, partners, suppliers, competitors; •Produce or disseminate false newsor unverified facts about AXIA Energia, professionals, partners and competitors; •Publish content that disrespects copyright, suchas illegal distribution of software, music, video, or for private commercial purposes, in accesses from the corporate network and/or ifthe author identifies himself as an employee of the company; •Transmit untrue, incorrect or confidential information about AXIA Energia,professionals, partners and competitors, or in accesses from the corporate network and/or if the author identifies himself as an employeeof the company. CODE OF CONDUCT | 17 3.2 Planet The company adopts the guidelines of its Environmental Policy in internal processes andencourages its application by business partners and suppliers of goods and services. It acts in accordance with the principle of sustainabledevelopment, prioritizing the rational use of renewable natural resources and the responsible and efficient use of economic resources,including the promotion of research and development for the proper treatment of socio-environmental impacts, aiming to serve current generationsand the preservation of the rights of future generations. Promoting Environmental Education And Awareness AXIA Energia promotes the educationand environmental awareness of its professionals and stakeholders, acting as a mobilization agent in the conservation of the environmentand in the promotion of sustainable development. CODE OF CONDUCT | 18 Reducing Environmental Impacts The company operates in accordancewith the principles of prevention and precaution, seeking to avoid and minimize socio-environmental impacts of its activities on the environmentand communities, especially on more vulnerable social groups. In line with its activities, it promotes actions aimed at the conservationof ecosystems and the protection of biodiversity and historical and natural heritage. With a primarily clean energy matrix, it seeks,through its climate strategy, toidentify risks and opportunities related to climate change, increasingly minimize the negative impactand contribute to the transition to a new development model, based on a low-carbon economy. Learn more: Environmental Policy Dam SafetyPolicy Sustainability PolicyYou Must: •Evaluate the environmental and social impacts in the different stages of the projects, usingthe best available techniques; •Clearly and objectively disseminate information on environmental activities and projects to all stakeholders,especially the affected populations; •In the face of any fact that has occurred, give fair, adequate and timely treatment consistentwith the seriousness of the situa tion and treat the affected population with dignity; •Promote actions to reduce waste generation,water and energy consumption; •Develop strategies to adapt to climate change and contribute to the planning of new businesses, consideringthe characteristics of the regions in which we operate; •In fieldwork, be attentive and cautious when visiting communities, especiallythose that have specific cultural habits and are more sensitive to the presence of strangers; create conditions for stakeholders to express\ themselves and expose their points of view, helping them to elaborate questions about the projects and their socioenvironmental impacts,without embarrassing the interlocutors; if critical situations occur, keep calm, seek dialogue and, if necessary, communicate to thoseresponsible for interacting with the communities. You Must Not: • Ignore, neglect or omit situations that ma cause negative socialand environmental impact in the locations where it operates; •In view of any fact that has occurred, omit data and information thatallow to know the causes, effects and responsibilities; •In fieldwork, collect or capture any species of flora and fauna withoutauthorization from the competent bodies; fish or keep wild animals in captivity; open unnecessary stings and carry out activities thatcause forest fires; enter properties without authorization from their occupants; be involved in discussions or disagreements in the communitiesvisited. CODE OF CONDUCT | 19 3.3. Governance AXIA Energia adopts management mechanisms that strengthen business practices with a focuson transparency, equity, accountability and corporate responsibility to achieve long-term value, aligning and driving financial and socioenvironmentalperformance, ensuring accountability and creating legitimacy with stakeholders. See also additional information in the Communities itemof this Code - page 42 CODE OF CONDUCT | 20 Learn more: Compliance Policy Acting With Integrity Zero tolerance for corruption Corruption,in addition to damaging democracy and the rule of law, generates instability and insecurity in the market en vironment and distrust onthe part of society, in addition to negatively impacting the reputation of everyone involved in AXIA Energia’ business. These actsaffect the well-being of society, discourage the creation of new jobs and drive investors away. Committed to national and internationalanti-corruption laws, especially the Brazilian Anti-Corruption Law 12.846/2013 and the FCPA (Foreign Corrupt Practices Act), AXIA Energiadoes not tolerate any form of fraud and corruption, either within its companies or in interactions with public or private entities. Thecompany constantly invests in measures to prevent, detect, correct and control any illegal acts of fraud and corruption. It directs itsprofessionals to repudiate any practice of active or passive corruption, bribery, bribe payments, acilitation payments and influence peddling.You Must: • Comply with anti-bribery and anti-corruption laws in Brazil and abroad; •Participate in the annual ethics and integritytraining promoted by the company, in order to understand the types of fraud and corruption and prevent inadvertent violations, recognizingthe alert points in time to avoid them; •Report, in the Complaint Channel, any warning signs or actions that may be associated withpotential corrupt behavior or fraudulent act. You Must Not: •Give, offer or promise any type of improper payment, including bribery,kickback, extortion directly or indirectly, to obtain an improper advantage or wrongly influence a decision; •Make any type of paymentto accelerate or ensure routine and non-discretionary actions, such as obtaining licenses, permits, authorizations, approvals and decisions,among others; •Insinuate, request, accept or receive money, bribe, kickback or any undue advantage, favors, benefits, donations orgratuities, for yourself or for third parties, in return for professional activities. CODE OF CONDUCT | 22 Learn more: Risk ManagementInternal Controls Policy Company assets AXIA Energia’ assets, which represent its assets, tangible or intangible, are the resourcesmade available to employees to carry out their work. Tangible assets can be physical resources, such as materials, equipment and facilities,electronics, such as software and documents, and financial. Intangible assets, on the other hand, can be represented by their brand andtechnologies. There is a duty to protect and responsibly use the resources in custody, avoiding waste, loss, damage, abuse, fraud, theft,robbery, misappropriation, violations and other forms of misuse. Fraud of any kind is not tolerated, as in addition to causing damageto the company, it negatively impacts relationships with stakehol ders. It is important to reiterate that fraud is not restricted to occurrenceswith significant values. Small actions or decisions that cause some damage to the company are equally harmful.You Must: •Caring forthe company’s assets properly to avoid loss andmisuse; •Use the company’s resources exclusively for the performanceofprofessional activity; •Protect the assets that have been entrusted to the company,protecting them in case of sharing; •Respectand protect the company’s intellectual propertyassets, such as models and studies.You Must Not: •Omit, alter, copy or destroydocuments unlawfully; •Violate or manipulate data or systems; •Committing fraud, theft, robbery or misappropriation; •Lending,selling or donating company property withoutauthorization. CODE OF CONDUCT | 23 Competitive practices The company is committed to maintaininga fair and honest competitive environment, observing and defending the rules of free competition, in accordance with Brazilian law andthe countries in which it operates, repudiating, combating and denouncing anti-competitive practices.You Must: •Comply with the company’sinternal standards, usingimpartial supplier selection processes through strictly technicaland commercial criteria; •Ensure fair,fair and balanced competition opportunities; •Be careful not to share competitively sensitive companyinformation, such as strategic,business and future acquisitionplans, customer portfolios, business volumes, production costsand investments, among others; •Repudiateand denounce anti-competitive practices. Learn more: Compliance Policy Não se deve: •Admit coordinated anti-competitive conductbetweencompetitors, such as manipulating or adjusting prices,dividing markets or customers, restricting supply ordefrauding the competitivenature of contracting procedures; •Compact with unilateral conduct, with anticompetitiveor exclusive purposes in the relationshipwith competingcompanies, customers or suppliers, as well as in the analysisor construction of proposals for mergers, acquisitions orbilateralagreements. CODE OF CONDUCT | 24 Protecting information Personal Data AXIA Energia recognizes the importance of privacy and protectionof personal data of customers, professionals, suppliers, service providers and other third parties obtained as a result of business activity.It conducts its business in accordance with applicable laws and regulations and undertakes to establish internal controls, processes andpolicies to ensure the privacy and protection of personal data, guided by the General Data ProtectionYou Must: •Process personaldata only for legitimate purposes,compatible with the purpose for which the collection wascarried out, subject to legal hypotheses, and,limited to those strictly necessary for the execution of AXIA Energia’processes and activities; •Adopt technical and administrativemeasures to protectpersonal data against loss and undue destruction,unauthorized access, misuse, alteration or disclosure.Under No CircumstancesShould You: •Disclose or share personal data outside the legally foreseenhypotheses; •Process personal data that is not necessaryfor theexecution of its activities. Learn more: Personal Data Protection and Privacy Policy CODE OF CONDUCT | 25 Corporate informationAll information used by AXIA Energia is an asset that has value and must be properly managed throughout its life cycle so that it is availablefor authorized access, protected against improper manipulation, with adequate treatment as to its classification and be auditable.YouMust: •Preserve the integrity of AXIA Energia documents,ecords, data and information systems; •Respect the privacy of the holdersand protect theirpersonal data in all means used by the company, bothphysical and electronic; •Carry out prior consultation, by itself,and obtain priorauthorization from the company for the publication,exhibition or exercise of professional activity in external environments,studies, research, opinions and otherworks of its authorship or participation, and involvingknowledge related to the company.You MustNot: •Disclose or make use of company information withrestricted access for their own benefit or that of thirdparties; •Shareidentification credentials provided to usersfor access and/or use of the facilities, informationand technology resources. These are personalandnontransferable. Learn more: Information Security Policy CODE OF CONDUCT | 26 What can be done to prevent a conflict of interest fromimpacting professional performance Learn more: Compliance Policy Related Party Transactions and Conflict of Interest Handling Policy •Incase of doubts about any situation, consult the internal regulations and the compliance area to verify possible risks of characterizingthe conflict; •When in a potential situation of conflict of interest, formally communicate to the company, for the correct referral;•In the case of actual or apparent conflicting interests in a negotiation in which you are involved, you must declare yourself conflicted,withdraw from the meeting and not participate in the decisions. In this way, we protect AXIA Energia and its professionals, helping tostrengthen the culture of integrity. Preventing conflicts of interest A conflict of interest occurs when a professional’s personalinterests clash with the interests of the company, influencing its decision-making inappropriately, for its own benefit or that of thirdparties related to it. Professionals must act in an ethical, integral and transparent manner, aligned with AXIA Energia’ interests,without concessions to the interference of personal interests and favors in business actions and decisions, identifying, preventing andapplying the correct treatment for conflicts of interest. CODE OF CONDUCT | 27 Situations that may generate conflicts of interest: Kinshiprelationships Personal interests may be related to your own interests or those of a relative of yours or your spouse or partner, consideredin this case: •Straight relatives: parents, grandparents, great-grandparents; children, grandchildren and great-grandchildren; •Relativesin collateral line: siblings, uncles and nephews (and their spouses).You Must: •Avoid direct or indirect hierarchical reporting witha relative in the company; •Inform the company of any relationship with suppliers, AXIA Energia’ partners or public agentsthat may generate a conflict of interest..You Must Not: •Influencing the decision to hire, appoint or promote a relative; •Influencethe decision to establish a business relationship or to transact an economic operation with a company or institution in which the relativehas a leadership position. Privileged information Any employee who has access to strategic or confidential informa tion about AXIA Energiaor partners, not yet publicly disclosed, is prohibited from passing it on to third parties or using it for their own benefit. You Must:•Always maintain confidentiality about privileged, confidential and sensitive information, communicating it only to those who legitimatelyhave the right to access it; •Consult the company’s internal regulations for guidance on the limits on the use of inside information.YouMust Not: •Disclose or misuse inside information, obtained during the exercise of the position for their own benefit or that of thirdparties, at any time, including after their dismissal from AXIA Energia. Learn more: Compliance Policy Disclosure and Use of MaterialInformation and Securities Trading Policy CÓDIGO DE CONDUTA | 28 Private activities AXIA Energia professionals must observe internalregulations when performing private external professional activities. These Activities Should Not: •Be incompatible with companyassignments or working hours; •Be in conflict with the business and interests of AXIA Energia; •Reflect negatively on the company’sreputation or image; •Involve performance, even if informal, as an attorney-in-fact, consultant, advisor or intermediary of third-partyinterests in CODE OF CONDUCT | 29 Business Courtesies It’s important to do the right thing – and be seen to do it. For thisreason, AXIA Energia advises its professionals not to accept or offer business courtesies from third parties with whom they have a directrelationship, which may represent or be understood as a way to influence decisions or obtain any type of advantage. You Must: •Takespecial care in offering business courtesies to public agents, including foreigners, respecting the rules of current and applicable legislationon the subject for public agencies; •Consult the company’s integrity body in advance, in the case of business courtesies offeredby a third party that has or may have a relationship with AXIA Energia, or that has a conflicting interest in the company’s business;•Observe the internal guidelines on business courtesies and disclose them to business partners and other stakeholders. Exceptionsare considered to be gifts that do not have a personal and exclusive character and without commercial value, distributed as a practiceof kindness, cordiality, marketing actions and without expectation of consideration, such as block, cap, calendar, agenda and other promotionalitems.Não se deve: •Receive or offer business courtesies from those who have a personal, professional or business interestin the decision of the gifted or collegiate in which he participates; •Allow business courtesies, offered or received, to influenceprofessional decisions; •Receive or offer invitations or tickets to entertainment activities, such as concerts, sports activities,sightseeing, among others, except in the case of regular institutional representation; •Receive or offer business courtesies outsidethe limits established in the Compliance Regulations. Learn more: Compliance Policy and Institutional Governmental Relations Policy CODEOF CONDUCT | 30 Political contribution The company respects the national legal guidelines and the countries in which it operates. In thissense, AXIA Energia does not make any kind of donation or contribution of a political nature and does not engage in party-political activitiesWe advise our administrators, professionals, representatives and third parties not to support or contribute to political parties, electoralcampaigns and candidates for public office, with resour ces or on behalf of AXIA Energia. •However, professionals should be carefulto make it clear that the opinions they express or the actions they take are their own, disassociating them from the company’s image;•Professionals who make donations on their own behalf, in cases that are considered legal and appropriate, must ensure that the contributionsare not intended to influence a particular public official, candidate or political party to benefit the company. Each individual has theirpolitical conviction, which is fundamental to the exercise of citizenship. You Must Not: •Carry out political advertising insideand outside the company, using the position of professional or any position with AXIA Energia; •Exercise political-partisan actionson AXIA Energia premises, such as the distribution of pamphlets, stickers, placement of posters or any form of political manifestation;•Lend or use company assets, vehicles and structures in election campaign acts or for the benefit of candidates and political parties;•Distribute business courtesies on behalf of the company to candidates, political parties and in election campaign acts. CODE OFCONDUCT | 31 Donations and sponsorship The company selects, for investment purposes, actions, projects and pro grams linked to its purposeand strategic plan, adopting image positioning strategies committed to social and environmental responsibility and the prevention of fraudand corruption. It adopts transparent and democratic criteria when selecting agreements, terms or sponsorship contracts with individualsor legal entities to promote cultural, social, sports, educational activities, provided that they are proven to be linked to the strengtheningof the brand, always in accordance with current legislation. You Must: •Before making any donation or sponsorship, carry out diligencesof the partners involved, including the respec tive beneficial owners, in order to avoid any conflicts of interest or use of funds ofillicit origin, and prevent the occurrence of fraud and corruption; •Maintain appropriate monitoring to ensure that the re lationshipis guided by ethics and integrity. Learn more: Sponsorship Policy Private Social Investment Policy CÓDIGO DE CONDUTA | 21 Fightingfraud Books and records The company maintains commercial, accounting and financial records that accurately reflect its operations andinvests in the protection, transparency, completeness and veracity of this data, in order to allow the preparation and disclosure of complete,accurate, undistorted financial reports and in compliance with legislation, national and international accounting standards and in ternalregulations. There are internal controls over the company’s financial reports and these are annually tested by internal auditorsand by an external and independent audit firm. You Must: •Maintain up-to-date, formal, timely accounting books, in accordance withaccounting principles, internal rules and current legislation, as well as protect their integrity; •Submit negotiations, contracts,transactions and other acts to the competent bodies for authorization and/or approval; •Be transparent and provide reliable and ampleinformation, having all the appropriate supporting documentation in the cases of internal and external audits; •Monitor accountingrecords, through internal controls, in order to identify any evidence of fraud and corruption. CODE OF CONDUCT | 32 •for ethics,transparency, integrity, loyalty, impersonality, legality and efficiency; •for the responsible use of economic and financial resourcesin the search for increasing levels of competitiveness, excellence and profitability; •in the legitimate interests of all stakeholders;•in managing the risks inherent to the business; •in the commitment to sustainability and value creation. AXIA Energia’business decisions are based on: Strengthening Relationships Of Trust Shareholders and investors AXIA Energia manages its business independently,aiming to stren gthen the economic and financial situation of companies, adopting transparent policies and guidelines with regard to investments,the distribution of dividends and the statements of its economic and financial situation, ensuring equity and institutional image Therelationship with shareholders and investors is based on the proactivity of communication, in a precise, correct, transparent and timelymanner, making information available in an equal and timely manner to the market. The company acts responsibly in the use and disclosureof relevant information, in the trading of securities and in transactions with related parties, observing the requirements of competitiveness,compliance, transparency, equity and commutativity, in order to safe guard the interests of AXIA Energia and its shareholders.. Learnmore: Policy on Disclosure and Use of Material Information and Securities Trading Policy on Related Party Transactions and Conflict ofInterest Handling AXIA Energia’ Investor Relations Portal CODE OF CONDUCT | 33 Attention It is forbidden to offer, promise, provide,arrange or authorize the payment or supply, directly or indirectly, through third parties or representatives, of any object or serviceof value to a public agent, national or foreign, to obtain an undue benefit/advantage for AXIA Energia. Government 33 Relations with publicbodies or entities and government authorities, national or international, are based on the principles of ethics, integrity and transparency.The company is committed to national and international anti-cor ruption legislation and repudiates all types of fraud or illicit in interactionswith public agents or agencies and regulatory entities, respecting and acting diligently in fairness and integrity: •in the biddingand contracting processes; •in the execution of administrative contracts; •in the fulfillment of tax and fiscal obligations;•inspections, cooperating and providing accurate, complete and timely information; •obtaining authorizations, licenses, permitsand certificates; •in the hiring of agents or former public agents; •in resolving consequences of infractions. In interactionsThe company works with the government through the areas of institutional relations and regulation, in discussions of regulatory issuesand taking an active participation in the formulation of public policies that may serve the legitimate CODE OF CONDUCT | 34 1. In theface-to-face contact: •Seek the participation of more than one professional from the company, even if remotely; •Always dealwith matters of interest to the company in a workplace recognized by the company (physical or virtual) and during business hours. 2. Inelectronic contact, prepare objective, clear and formal messages, avoiding any possibility of improper or dubious interpretation; 3. IInformin advance, when applicable, the agent or public agency about anticorruption measures adopted by the company; 4. Interactions with publicagents must be registered with Compliance, according to guidelines established in a specific internal standard; 5. Meetings, meetings,events or attendance to demands formulated by parliamentarians for AXIA Energia must be informed to the area responsible for institutionalrelations of the company, for consultation, analysis and guidance with a view to managing the relation ship with this public; 6. In thecase of scheduled work with State and government institutions, consult in advance the area responsible for the company’s institutional relations and, if there are casual personal or social contacts with government stakeholders, employees should avoid speaking on behalfof the company, as well as addressing professional matters of interest to the company. In the event that it is impossible to avoid mattersof inter est to the company, the employee must report to his/her immediate superior and to the area responsible for the company’sinstitutional rela tions for monitoring. Guidelines For Interacting With Public Officials CODE OF CONDUCT | 35 Competitors The companyis committed to maintaining a fair and honest competitive environment, observing and defending the rules of free competition, in accordancewith Brazilian law and the countries in which it operates. AXIA Energia does not relate to companies that promote unfair, anticompetitiveactions or that, in any way, harm free competition or free enterprise. The company believes in fair and transparent competition. For thisreason, it maintains civility and independence in its relationship with competitors, seeking market information in a lawful manner andmaking it available in a reliable manner, through authorized sources. Suppliers and service providers, business partners and customersThe company selects and contracts suppliers and service providers based on technical, quality, cost and punctuality criteria, requiringin the contractual instruments commitments to ethics, corporate integrity and sustainability in the economic, social and environmentalpillars. It follows the ethical principles, expressed in this document, in the relationship with customers, suppliers, service providersand other business partners, offering equal treatment to all, avoiding any privilege, discrimination and all forms of corruption, briberyand fraud. Is performs due diligence and during the relationship with suppliers, service providers and other business partners, includingresearch on the historical existence of illicit acts and analysis of any reputational impacts, in order to ensure that the relationshipis guided by ethics and integrity and that the image of AXIA Energia is preserved. The company values the full satisfaction of customersand consumers to maintain lasting relationships with transparent and permanent dialogue. It refuses contractual provisions that violateor minimize the dignity, quality of life and social well-being of professionals and third parties. Anti-competitive practice is any andall conduct that constitutes a violation of the economic order, resulting in the following effects, even if only potentially: •Limiting,distorting or in any way harming free competition or free enterprise; •Dominating the relevant market for goods or services; •Arbitrarilyincreasing profits; •Abusively exercising a dominant position. Learn more: Compliance Policy CODE OF CONDUCT | 36 Prohibited practicesin these relationships: • •Participate in any type of negotiation that may result inpersonal advantages or benefits or for thirdparties, whichcharacterize a real or apparent conflict of interest for professionals involved in either party; • Provide any favoror remunerated service to suppliers andservice providers with whom the company’s professionalrelates; • Make referrals to customers,even if requested by them, ofservice providers or suppliers, maintaining communicationin a strictly professional manner; • Offeror accept privileges, payments, loans, donations, services or other forms of benefit, for themselves or for anyother person, nor commissions,rebates, discounts, favors,gratuities or advantages, even if in the form of preferentialtreatment of or for customers, suppliers, serviceprovidersand other partners related to the business of interest toAXIA Energia. Communities En las áreas de actividad de AXIA Energia,la empresa interactúa con las In AXIA Energia’ areas of activity, the company interacts with the communities consideringtheir specificities, listening to their manifestations and respecting their cultures, their values, their ways of life, participatingin the elaboration and implementation of projects that aim to contribute to territorial development and the improvement of quality oflife. All social groups involved in all phases of new ventures are con sidered, from planning, in order to identify their expectationsand needs, aiming to compensate and minimize negative environmental, social and cultural impacts and foster positive ones. Permanent channelsof communication and dialogue are maintained with communities and other stakeholders, in languages and formats adapted to their characteristics,seeking interaction and engagement, in order to respect demonstrations, reduce conflicts and improve processes, projects and programs.Learn more: Environmental Policy Communication and Engagement Policy Sustainability Policy Social Responsibility Policy CODE OF CONDUCT| 37 Press 38 With the press and other media, the company maintains a relationship of respect, transparency and independence, establishing,according to the level of authorization and compe tence, dialogue channels for the dissemination of information. The company is committedto providing clear, reliable, timely and public interest information through authorized sources, preserving confidential and strategicinformation, in view of legal and legitimate business interests. According to the Spokespersons Policy, only previously designated professionalsmay represent the company at internal and external events or in interviews with media outlets. Thus, we seek to ensure the unity of theinstitutional discourse and strengthen the rela tionship with the stakeholders, based on a position of valuing the business reputationin line with the ethical principles and Learn more: Política de Portavoces Política de Comunicación y CompromisoCODE OF CONDUCT | 38 3.4 Prosperity Ambition to ensure that all human beings can live prosperous and full lives and that economic, socialand technological progress occurs in harmony with nature, with equity and based on sustainable production and consumption. Investing InValue Creation AXIA Energia is committed to generating value in its operations, carrying them out competitively, efficiently and effectively,seeking to produce economic-financial, social and environmental benefits for all stakeholders and minimizing negative impacts. Operationalefficiency The operations follow the standards of availability excellence, ensuring efficient and constant power supply. The company prospectsand evaluates new generation and transmis sion business opportunities, adopting methodologies that consider technical, socioenvironmentaland economic-financial criteria. It integrates global efforts to curb global warming and climate change by investing in energy efficiencyprojects and actions and promoting the energy transition, with greater participation of clean and renewable energy sources, towards alowcarbon economy. Economic efficiency The sustainable management of financial capital is a commitment of AXIA Energia, which fosterseconomic growth, based on decent jobs, sustainable livelihoods, increased real income, social protection and responsible investments.Social values AXIA Energia establishes partnerships aimed at generating shared value throughout its production chain. Through the managementof the relationship with suppliers, it monitors its legal, economic-fi nancial, technical, social, environmental and integrity compliance.With a commitment to contribute to the sustainable development of the communities in its areas of operation, the company partici patesin the preparation and implementation of projects, in part nership with local entities, considering the demands, expectations and socio-culturaldiversity. Acting in a way that induces local and regional development where it operates, it contributes to improving the quality of lifeof communities and preserving environmental balance. It periodically disseminates information on its sustainability performance to allstakeholders. CODE OF CONDUCT | 39 Innovating In The Energy Sector AXIA Energia is committed to innovation and the transformation of businessmodels to create shared value, including investments in sustainable infrastructure, energy and technology. Therefore, it promotes research,scientific development and innovation, and evaluates the impact of new projects or products, or significant modifications to existingones, aiming at improving economic, social, environmental performance and generating value for all stakeholders. It seeks to increasethe operational efficiency of assets or processes or acquire technological mastery for new businesses, as well as develop studies andresearch connected to sustainable business and new opportunities. It promotes the dissemination of the concept of innovation with professionalsas a new way of thinking and looking at everything that is done. It encourages and recognizes professionals who contribute with unprecedentedsolutions applied to the business. Digital transformation The company invests in projects and technologies that promote the automationand standardization of business and management processes, with a view to increasing performance and enabling professionals to engage inincreasingly strategic activities and have a better quality of life in daily activities. Saiba mais Política de ComercializaçãoPolítica de Sustentabilidade Política Ambiental Política de Responsabilidade Social Política de Pesquisa,Desenvolvimento e Inovação CÓDIGO DE CONDUTA | 40 The guidelines of this code must be observed in all activitiesof AXIA Energia, in order to ensure the effectiveness of its guidelines and the strengthening of the culture of ethics and integrity.4.1 Commitment The reading and assimilation of this code are duties of all those involved in AXIA Energia’ activities. All companyprofessionals must formally register their commitment to the guidelines contained herein, by signing the Acceptance Term. The acknowledgmentregistration must be carried out when the employee is admitted or hired, as well as in the revisions of the document. 4.2 Doubts And ManifestationsThe Code of Conduct and the policies of the AXIA Energia Integrity Program are available for consultation by professionals, via intranet,or for all stakeholders, through the AXIA Energia’ Portal in the menu About AXIA Energia - Ethics and Transparency. In case of doubtsabout the documents, professionals should consult the Executive Compliance Management of AXIA Energia. Compliments, requests for measuresand suggestions should be directed to AXIA Energia’ ombudsman channel, which will maintain the confidentiality of the identity ofthe protester and the content of the demonstrations. 4 Code Effectiveness CODE OF CONDUCT | 41 The Whistleblowing Channel, centralizedfor all AXIA Energia companies, is based on an external and independent platform, with the guarantee of anonymity, and follows all proceduresfor receiving, properly forwarding and monitoring deadlines, to ensure compliance with all allegations of complaints of fraud, corruption,ethical deviations, violations of the Code of Conduct, the Compliance Program, internal policies or current legislation WhistleblowingChannel Phone: 0800 721 9885 Available 24 hours a day, 7 days a week. axiaenergia.com.br/canaldedenuncias 4.3 Complaints The company hasthe partnership of all those to whom the ethical guidelines described here are intended to make them effective. These are the guardiansof an ethical, upright and positive culture. If at any time irregular practices or with indications of irregularity are witnessed or known,which violate this code, internal policies and rules or current legislation, the AXIA Energia Whistleblowing Channel must be activated.Ombudsman Channel Available 24/7 [email protected] axia.com.br/canaldeouvidoria Phone: 0800 721 3275 (from 8am to 8pm, monday to friday)CODE OF CONDUCT | 42 1.If possible, the detailed report should beprovided, indicating what happened, when andwhere the fact happened,what are the names ofthe people involved, indicating possible witnesses,if any, and whether the fact still continues tooccur; 2.The presentationof synthesized or very genericreports makes it difficult to ascertain and,sometimes, can compromise the result; 3.If there is any evidenceof what happened, theWhistleblowing Channel allows files such asimages, photos, videos and audios to be attached,among others. It canalso be indicated where suchevidence can be found if it is not possible toattach it to the channel. The rationale of the complaint isessential for an effective 4.4 Violations And Consequences Proper investigation and appropriate treatment by the competent areas of conductthat may constitute a violation of the principles established herein, whether ex officio or due to complaints, is ensured, provided thatthey have the necessary information to ini tiate an investigation process. AXIA Energia’ Vice Presidency of Governance, Risks, Complianceand Sustainability (VGR), through the manifestation handling body, is responsible for coordinating the process of investigating complaintsand violations of the code and the Compliance Program, as well as AXIA Energia’ policies and legislation, reporting the resultsto the Board of Directors, through the Audit and Risk Committee (CAE) to propose corrective measures related to proven violations. A protectiveenvironment is guaranteed to professionals who work at all stages of management and treatment of demonstrations to preserve their institutionalindependence and neutrality of decisions. Contrary cases, which represent etaliation, will be treated as a new infraction. At the endof an investigation, the application of consequences may be indicated, in the appropriate cases, or the indication of remediation actions,such as the improvement of existing processes or regulations and training, among other measures. It should be noted that the provisionof information known to be false also represents an ethical infraction that can be sanctioned. CODE OF CONDUCT | 43 For the applicationof consequences, AXIA Energia establishes, in specific internal regulations, administrative or disciplinarymeasu res, which must be adoptedin the event of duly proven non-com pliance with the guidelines of this code or current legislation. These measures may include disciplinarysanctions such as warning, suspension or termination of the employment contract, according to the severity of the case, without prejudiceto the adoption of other judicial measures by the applicable bodies, in the case of contractual and/or legal violations. The administrativesanction will be motivated, reasonable and proportional to the effects of the action, omission, fact or event practiced to which the employeehas given cause, and the other penalties will be applied as provided for in the relevant legislation and regulations. Learn more: CompliancePolicy CÓDIGO DE CONDUTA | 44 Public official Anyone who exercises, even temporarily, with or without remuneration, by election,appointment, designation, hiring or any other form of investiture or bond, mandate, position, employment or function in any of the Powersof the Union, the states, the Federal District, the municipalities, the territory, or their respective indirect administration, whichcomprises autarchies, foundations under public or private law, public companies and government-controlled companies. The leaders and participantsof the decision-making structure of political parties were equipped as public agents for the purposes of this document. Mobbing Exposureof people to humiliating and embarrassing situations in the work environment, in a repetitive and prolonged manner, in the exercise oftheir activities. 5 Glossary Sexual harassment Exposure of someone to situations of embarrassment in the workplace, in order to obtainsexual advantage and/or favor. Value chain Sequence of activities or partners that contribute products or services to the organization.Conflict of interest Situation generated when the personal or private interests of the company’s professionals, as well as theirfamilies, may potentially or effectively interfere with the performance of their professional duties or potentially or effectively conflictwith the legitimate interests of AXIA Energia. CODE OF CONDUCT | 45 Corruption Action attempted or consummated, directly or indirectly,which consists of authorizing, offering, promising, obtaining, giving, reques ting, accepting, delivering or receiving undue advantage,for oneself or for third parties, of an economic nature or not, involving public agents or not, with the purpose of practicing, maintaining,delaying or failing to practice a certain act. It may be active or passive, and is also characterized by financing, funding, sponsorshipor any form of subsi dy for the practice of unlawful acts provided for in current legislation. Business courtesies Gifts, entertainment,gifts and hospitality received by third parties or granted by AXIA Energia’ professionals, namely: •Gift: object with no commercialvalue, distributed as a courtesy and may have the logo of AXIA Energia or the granting third party, which is responsible for its manufacture.This type of courtesy is not exclusively intended for specific people (examples: calendars, diaries, pens, key chains, caps, t-shirts,among others); • Present: object of individual use/consumption of commercial value that cannot be classified as a “gift”.Examples: panettones, chocolates, alcoholic beverages, among others; • Invitations to corporate events: invitations to participatein seminars, fairs, sector meetings and congresses, and related events; • Hospitality: travel, transfers, lodging and food for participationin corporate events (example: seminars); • Entertainment: expenses related to activities of a non-professional nature, such as concerttickets or sightseeing trips for the purpose of providing leisure. Other audiences For the purposes of this document, the members of theBoard of Directors and Fiscal Councils, statutory committees, vice presidents, interns, apprentices, service providers, outsourcers andrepresentati ves are referred to as “other audiences”. Ethics Set of principles and references that regulate the moral conductof individuals, groups, institutions, organizations, communities, societies, peoples and nations, seeking to be universally valid. Privilegedinformation Confidential matters or matters that are not widely known by egulatory bodies and/or stock exchanges and/or the general publicor of relevance to the decisionmaking process within the scope of AXIA Energia’ companies, which have economic, financial or personalrepercussions. CODE OF CONDUCT | 46 Business partners Individuals and legal entities, except suppliers and service providers, who maintaina business and/or contractual relationship with AXIA Energia, and may be a sponsored, partner, grantee or partner in projects. ProfessionalsFor the purposes of this document, all employees with an employ ment relationship of the company are called professionals, regar dlessof the hierarchical level, with the exception of trainees, young apprentices, vice presidents, presidents, outsourced workers, representativesand service providers. Relationship audiences Any organization or individual that may affect or be affected by AXIA Energia’ activities,products or services and the performance associated with them, including, but not limited to, professionals, shareholders, customers,suppliers, counterparties, business partners, competitors, public and regulatory authorities, sponsors and local communities. RepresentativesProfessionals trained to work in governance boards in subsidiaries, affiliates and Special Purpose Entities (SPE), in whose capital stockAXIA Energia or its companies participate, and in associations and foundations linked to AXIA Energia companies, aiming to defend theinterests of shareholders and associates and the longevity of the entity. Retaliation Act or effect of retaliating against another, asa form of retaliation, retaliate. Bribery Offering, promising, giving, or receiving something of value, or some improper advantage, inexchange for favorable treatment or decision by a company, a governmental authority, a public official, or the government. Third partiesSuppliers, service providers, business partners or any other individuals and legal entities, not covered by the concept of professionals,who maintain a business and/or contractual relationship with AXIA Energia’ companies. CÓDIGO DE CONDUTA | 47 Declare thecommitment to respect, comply with and ensure full and permanent compliance with the guidelines and principles established in the document,as well as the conduct commitments assumed by AXIA Energia, using the Compliance Management Platform. 6 Term Of Acceptance CÓDIGODE CONDUTA | 48

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: March 25, 2026

CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS
By:	/S/ Eduardo Haiama<br><br><br>* * *
	Eduardo Haiama<br><br> <br>Vice-President of Finance and Investor Relations

FORWARD-LOOKING STATEMENTS

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This document may contain estimates and projections that are not statements of past events but reflect our management’s beliefs and expectations and may constitute forward-looking statements under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The words “believes”, “may”, “can”, “estimates”, “continues”, “anticipates”, “intends”, “expects”, and similar expressions are intended to identify estimates that necessarily involve known and unknown risks and uncertainties. Known risks and uncertainties include, but are not limited to: general economic, regulatory, political, and business conditions in Brazil and abroad; fluctuations in interest rates, inflation, and the value of the Brazilian Real; changes in consumer electricity usage patterns and volumes; competitive conditions; our level of indebtedness; the possibility of receiving payments related to our receivables; changes in rainfall and water levels in reservoirs used to operate our hydroelectric plants; our financing and capital investment plans; existing and future government regulations; and other risks described in our annual report and other documents filed with the CVM and SEC. Estimates and projections refer only to the date they were expressed, and we do not assume any obligation to update any of these estimates or projections due to new information or future events. Future results of the Company’s operations and initiatives may differ from current expectations, and investors should not rely solely on the information contained herein. This material contains calculations that may not reflect precise results due to rounding.