STMicroelectronics 2023 Shareholders Meeting

May 30, 2023, China – STMicroelectronics (ST; New York Stock Exchange code: STM), a world-leading semiconductor company that serves multiple electronic applications, announced the results of its annual general meeting of shareholders held in Amsterdam, the Netherlands. Voting results for various proposals.

The general meeting of shareholders approved the following proposals:

• The statutory annual accounts for the year ended December 31, 2022, prepared in accordance with International Financial Reporting Standards (IFRS); the 2022 statutory accounts were submitted to the Dutch Financial Market Authority (AFM) for filing on March 23, 2023, and were published on the company’s official website public announcement;

• During the second, third, and fourth quarters of 2023 and the first quarter of 2024, a cash dividend of US$0.24 per share of the company's common outstanding shares will be distributed to shareholders registered in the month of each dividend quarter, divided into four quarters at a rate of US$0.06 per quarter according to the table below dollar distribution;

• Mr. Frédéric Sanchez and Mr. Maurizio Tamagnini were re-elected as supervisors for a three-year term expiring at the 2026 General Meeting of Shareholders;

• Ms. Ana de Pro Gonzalo was re-elected as Supervisor for a two-year term expiring at the 2025 General Meeting of Shareholders;

• Mr. Yann Delabrière was re-elected as a member of the Supervisory Board for a one-year term expiring at the Annual General Meeting of Shareholders in 2024;

• Mr. Paolo Visca takes over as Supervisor from Mr. Alessandro Rivera, whose term expires at the 2023 Annual General Meeting, for a term of three years, which expires at the 2026 Annual General Meeting;

• Ms. Hélène Vletter-van Dort takes over as Supervisor from Ms. Heleen Kersten, whose term expires at the 2023 Annual General Meeting, for a term of two years until the term expires at the 2025 Annual General Meeting;

• Approval of equity compensation for the President and Chief Executive Officer;

•

• Authorize the Management Board to repurchase the company's shares before the closing of the 2024 General Meeting of Shareholders, and the repurchase operation must be approved by the Supervisory Board;

• Authorize the Supervisory Board to subscribe for the issuance of new ordinary shares, as well as to limit and/or exclude existing shareholders’ pre-emptive subscription rights to ordinary shares, with the authorization to terminate before the conclusion of the 2024 General Meeting of Shareholders;

• The only member of the management committee lifted the proposal;

• Proposal to remove supervisors from the Board of Supervisors;

STMicroelectronics will publish the full agenda and detailed information of the 2023 General Meeting of Shareholders as well as related materials on the company's website and provide them to shareholders in accordance with legal regulations.

Starting from the 2023 shareholders' meeting, the meeting minutes will be published on the company's official website on the special page of the shareholders' meeting for thirty days.

The following table is the full schedule of quarterly dividends: