TIM S.A. Updates Shareholders with Annual Report Filing

Important Filing Announcement from TIM S.A.

TIM S.A. recently announced the filing of its Annual Report on Form 20-F, a crucial document for its shareholders and stakeholders. This comprehensive report provides insights into the company's financial and operational performance over the past fiscal year, concluding on December 31. The filing took place on the last day of March and is now officially recorded with the U.S. Securities and Exchange Commission (SEC) as well as the Brazilian Securities and Exchange Commission (CVM).

Details of the Annual Report

The Form 20-F contains a plethora of details about TIM, including certifications mandated by the U.S. Sarbanes-Oxley Act. These certifications affirm the reliability and effectiveness of TIM's internal controls and procedures, ensuring transparency for investors. Independent auditors, Ernst & Young Auditores Independentes S.S. Ltda., have thoroughly evaluated the company's financial statements, issuing a positive opinion on their accuracy and the effectiveness of internal controls as of the end of the last fiscal year.

Availability of the Report

Shareholders interested in reviewing the details of TIM's performance can obtain a hard copy of the Form 20-F. This document includes complete audited financial statements at no cost. To request a copy, shareholders are encouraged to directly reach out to the company.

Transparency and Commitment to Shareholders

TIM S.A. emphasizes its dedication to maintaining transparency and open communication with its shareholders. By providing detailed and accurate financial reporting, TIM aims to foster trust and confidence among its investors. The filing on Form 20-F is a testament to the company’s commitment to adhering to regulatory standards and ensuring well-informed shareholder decisions.

Our Shareholder Guidance

For TIM's shareholders, receiving regular updates and insights into the company's operations is vital. The recent submission of the Annual Report is a crucial step in keeping the lines of communication open and inviting all stakeholders to engage with the company's progress. TIM encourages all shareholders to take advantage of this opportunity to access critical information about its performance.

Continuous Improvement and Future Outlook

As TIM S.A. expands its operations and fine-tunes its strategic initiatives, the insights provided in the Annual Report serve as a foundational element in guiding future endeavors. With each fiscal year, the goal is to improve performance metrics and deliver exceptional value to shareholders.

Next Steps for Investors

Investors and stakeholders should closely monitor TIM’s performance as the company adapts to the ever-changing telecommunications landscape. The insights gained from the latest report will help investors make informed decisions, aligning their strategies with TIM's evolving objectives.

Frequently Asked Questions

What is the Form 20-F?

The Form 20-F is an annual report required by the SEC, providing comprehensive financial and operational data for foreign companies listed in the U.S.

How can shareholders obtain a copy of the report?

Shareholders can request a hard copy of the Form 20-F from TIM S.A. at no cost.

Who audits TIM's financial statements?

Ernst & Young Auditores Independentes S.S. Ltda. is responsible for auditing TIM's financial statements and internal controls.

What does the Sarbanes-Oxley Act mean for TIM?

The Sarbanes-Oxley Act requires companies to maintain effective internal controls and disclose their reliability in financial reporting.

Why is the Annual Report important for shareholders?

The Annual Report provides essential insights into the company’s financial health and strategic direction, aiding shareholders in making informed investment decisions.

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