STMicroelectronics 2024 Annual General Meeting of Shareholders Announcement

March 22, 2024, China - STMicroelectronics (STMicroelectronics), a world-leading semiconductor company serving multiple electronic applications, announced proposals to be reviewed and approved at the company's Annual General Meeting of Shareholders (AGM) to be held in Amsterdam, the Netherlands on May 22, 2024.

The Supervisory Committee proposed the following proposals:

Approving the Supervisory Board's remuneration policy;

Approved the company's statutory annual accounts for the year ended December 31, 2023, prepared in accordance with International Financial Reporting Standards (IFRS). The statutory annual accounts for 2023 were filed with the Netherlands Authority for the Financial Markets (IFRS) on March 21, 2024 and are available on the company's website;

The company will pay a cash dividend of $0.36 per share on its outstanding common stock. In accordance with the following schedule, $0.09 per share will be distributed in four quarters in the second, third and fourth quarters of 2024 and the first quarter of 2025 to shareholders of record in the month of each dividend quarter;

Modify the company's articles of association;

Approving the Management Committee Remuneration Policy;

Reappointment of Mr. Jean-Marc Chery as Member and Chairman of the Management Board for a three-year term expiring at the end of the 2027 Annual General Meeting of Shareholders;

Approves stock-based compensation for President and Chief Executive Officer;

Appointment of Mr. Lorenzo Grandi as a member of the Management Board for a three-year term expiring at the end of the 2027 Annual General Meeting of Shareholders;

Approves stock-based compensation for the Chief Financial Officer;

Approved a new three-year non-exercisable stock award plan for management and key employees;

Appointing EY as external audit firm for fiscal years 2024 and 2025;

Reappointment of Mr. Nicolas Dufourcq as a member of the Supervisory Board for a three-year term expiring at the end of the 2027 Annual General Meeting of Shareholders;

Reappointment of Janet Davidson as a member of the Supervisory Board for a one-year term expiring at the end of the 2025 Annual General Meeting;

Appointment of Mr. Pascal Daloz as member of the Supervisory Board for a three-year term expiring at the 2027 Annual General Meeting of Shareholders, replacing Mr. Yann Delabrière, whose term expires at the end of the 2024 Annual General Meeting of Shareholders;

Granting the Management Board the right to repurchase the company's shares before the end of the 2025 Annual General Meeting of Shareholders, subject to the approval of the Supervisory Board;

Granting the Supervisory Board the right to issue and subscribe for new ordinary shares, as well as limiting and/or excluding the preemptive right of existing shareholders to purchase ordinary shares, with the authorization terminating after the 2025 Annual General Meeting of Shareholders;

Remove members of the Management Committee from office;

Remove members of the Supervisory Board from office.

The record date for all shareholders to attend the Annual General Meeting is April 24, 2024. The full agenda and all relevant details of the 2024 Annual General Meeting, as well as all relevant materials for the Annual General Meeting, are available on the Company's website and will be provided to shareholders as of March 21, 2024, in accordance with legal requirements.

In accordance with the revision of the rules of the U.S. Securities and Exchange Commission (SEC) and the changes in FINRA trading rules, starting from May 28, 2024, the new settlement standard in the U.S. market will become the next business day after the trading day or T+1. The European settlement rules will remain unchanged at T+2.

The following table is a detailed schedule of quarterly dividends: