Statement from STMicroelectronics Supervisory Board

Core Insights - The Supervisory Board of STMicroelectronics addresses false accusations regarding personal transactions by two Managing Board members, clarifying that stock sales during the blackout period were legal and compliant with company policy [2] - A company-wide program to reshape the manufacturing footprint has been approved, focusing on increasing wafer-fab capacity to 300mm silicon and 200mm silicon carbide, enhancing competitiveness [3] - The Supervisory Board expresses renewed support for the management team in executing transformation strategies amid challenges in the semiconductor industry [4] Company Overview - STMicroelectronics employs 50,000 individuals in semiconductor technology, managing a comprehensive supply chain with advanced manufacturing facilities [5] - The company collaborates with over 200,000 customers and numerous partners to create products and solutions that promote sustainability and address market challenges [5] - STMicroelectronics aims to achieve carbon neutrality in all direct and indirect emissions by the end of 2027, alongside a goal for 100% renewable electricity sourcing [5]