CPL CPFL Energia SA

CPFL ENERGIA S.A.

Company Registry (NIRE): 35.300.186.133

Corporate Taxpayer ID (CNPJ/MF): 02.429.144/0001-93

MINUTES OF THE 401^st MEETING OF THE BOARD OF DIRECTORS

HELD ON FEBRUARY 07^th, 2020

1.         DATE, TIME AND PLACE: At 9:00 a.m., on February 07^th 2020, at Gustavo Armbrust Street, 36, 10^th floor, Nova Campinas, ZIP code 13025-106 in the city of Campinas, State of São Paulo.

2.         CALL NOTICE: The meeting was called pursuant to Paragraph 2^nd, Article 17 of the Bylaws of CPFL Energia.

3.         ATTENDANCE:  All the members of the Board of Directors (“Board”), pursuant to Paragraphs 1^st and 7^th, Article 17 of the Bylaws. 

4.         PRESIDING BOARD: Chairman – Shirong Lyu and Secretary – Valter Matta.

5.         MATTERS DISCUSSED AND RESOLUTIONS TAKEN BY UNANIMOUS VOTE:

The reading of the Agenda was waived as all those present were aware of its contents. The Directors also resolved that these minutes will be drawn up in summary form, with the right to submit opinions and dissensions, which will be filed at the headquarters of the Company, and with the publication of these minutes without the signatures of the directors and the suppression of strategic and/or confidential information.

After discussing and examining the items on the Agenda, the Directors, by unanimous vote of those present, resolved:

(i)To take cognizance of the managerial highlights and material facts occurred since the last Ordinary Meeting of the Board of Directors, as reported by the Chief Executive Officer.

(ii) To recommend, in terms of the Board of Executive Officers’ Resolution NO. 2020002-B, the favorable vote to its representatives in the Shareholders’ Meeting of CPFL Comercialização Brasil S.A. ("CPFL Brasil") to approve the updating of the terms of the Long Term Strategy approved by the Board of Directors in the meetings held on November 7^th 2019 (389^th) and on December 18^th, 2019 (395^th), through the Board of Executive Officers’ Resolutions NO. 2019142-B) and NO. 2019305-C Resolutions, respectively, to extend the validity period of the Long Term Strategy from December 31^st 2019 to December 31^st, 2020.

(iii) To recommend, in terms of the Board of Executive Officers’ Resolution NO. 2020021-B, the favorable vote to its representatives in the deliberative bodies of CPFL Brasil for the execution of an energy acquisition contract with CPFL Energias Renováveis S.A.’s ("CPFL Renováveis") subsidiaries  Chimay Empreendimentos e Participações Ltda., Mohini Empreendimentos e Participações Ltda. and Jayaditya Empreendimentos e Participações Ltda., in a total contract value of R$ 256,809,947.04 (two hundred and fifty-six million, eight hundred and nine thousand, nine hundred and forty-seven reais and four cents).

(iv) To approve, in terms of Resolution NO. 2020003-C, the technical feasibility study for the accomplishment of deferred tax credit balances, pursuant to CVM Instruction 371/2002, in the fiscal year of 2019, allowing the accounting recognition of the credit in the total value of R$ 470,220,374.63 (four hundred and seventy million, two hundred and twenty thousand, three hundred and seventy-four reais and sixty-three cents), distributed among CPFL Group Companies, being to CPFL Energia the value of R$ 83,383,062.87 (eighty-three million, three hundred and eighty-three thousand and sixty-two reais and eighty-seven cents); as well as To Recommend the favorable vote to its representatives in the deliberative bodies of its controlled companies for the accounting recognition of the credit, as follows:

(a) for RGE Sul Distribuidora de Energia S.A. (“RGE”) the value of R$ 286,353,052.39 (two hundred and eighty-six million, three hundred and fifty-three thousand and fifty-two reais and thirty-nine cents);

(b) for CPFL Serviços, Equipamentos, Indústria e Comércio S.A. ("CPFL Serviços") the value of R$ 11,945,660.90 (eleven million, nine hundred and forty-five thousand, six hundred and sixty reais and ninety cents);

(c) for CPFL Brasil Varejista S.A ("CPFL Brasil Varejista") the value of R$ 765,178.10 (seven hundred and sixty-five thousand, one hundred and seventy-eight reais and ten cents); and

(d) for CPFL Renováveis the value of R$ 87,773,420.38 (eighty-seven million, seven hundred and seventy-three thousand, four hundred and twenty reais and thirty-eight cents).

The following items were presented: (a) Updating of Values of the Basic Approval Table (TBA); (b) CPFL on Hospitals: Program Overview and Communication Plan; (c) Change of address (ZIP code) in the bylaws of the subsidiary Mata Velha Energética S.A.; (d) Results of BoD Self-Evaluation Questionnaire; (e) Monthly Results (December/2019); (f) Monthly Health and Safety Report; (g) Business Development Follow Up; and (h) Pipeline.

6. CLOSURE: With no business to be further discussed, the meeting was closed and these minutes were drawn up, read, approved and signed by all present members and the secretary. Mr. Bo Wen, Mr. Shirong Lyu (Chairman), Mr. Hong Li, Mr. Yang Qu, Mr. Anselmo Henrique Seto Leal, Mr. Yumeng Zhao, Mr. Gustavo Estrella, Mr. Antonio Kandir, Mr. Marcelo Amaral Moraes and Mr. Valter Matta (Secretary).

For legal implications, the Portuguese version shall prevail.

I hereby certify that this is copy of the original minutes drawn up in the Board of Directors’ Meetings Book.

Campinas, February 07^th, 2020.

Shirong Lyu

(Chairman)