LION ELECTRIC ANNOUNCES RESULTS OF ANNUAL SHAREHOLDERS MEETING

Core Points - The Lion Electric Company held its annual meeting of shareholders, with 124,783,928 common shares represented, accounting for approximately 55.16% of all issued and outstanding shares [1] - Shareholders voted in favor of all items of business presented at the meeting [1] Election of Directors - The Board of Directors fixed the number of directors to be elected at ten, all of whom were re-elected [2] - Voting results showed high approval rates for each nominee, with the highest being Michel Ringuet at 99.40% and the lowest being Pierre-Olivier Perras at 95.62% [3] Appointment of Independent Auditors - Raymond Chabot Grant Thornton LLP was appointed as independent auditors with 98.98% of votes in favor [4] - The directors were authorized to fix the remuneration of the auditors [4] Renewal of the Company's Omnibus Plan - The renewal of the Company's Omnibus Plan was approved with 94.59% of votes in favor [5] Company Overview - Lion Electric is a manufacturer of zero-emission vehicles, focusing on all-electric commercial urban trucks and school buses [6] - The company is a leader in electric transportation in North America, designing and manufacturing many vehicle components [6][7] - Lion Electric aims to improve society and the environment through the transition to all-electric vehicles [7][8]