Valeo at the Shareholders' Meeting held on May 23, 2024 appointed Sascha Zahnd and Beatriz Puente as (independent) directors, for a period of four years. Following the expiry of Thierry Moulonguet and Ulrike Steinhorst's terms of office at the end of the Shareholders' Meeting, the Chairman of the Board reiterated his warm thanks for their involvement and the remarkable work they have carried out over more than 12 years as part of the Board of Directors and its specialized Committees. In addition, the Shareholders' Meeting also appointed Eric Chauvirey as director representing employee shareholders, for a period of four years, with Yann Le Pêcheur as his substitute.

The composition of specialized Committees of the Board and their chairs have also been reviewed to reflect these developments, with Véronique Weill now chairing the Audit and Risks Committee and Alexandre Dayon now chairing the Compensation Committee and the Governance, Appointments and Corporate Social Responsibility Committee (Patrick Sayer will continue to chair the Strategy Committee). It should also be noted that Julie Avrane, permanent representative of the Fonds Stratégique de Participations, is now in charge of CSR matters within the Governance, Appointments and Corporate Social Responsibility Committee. Composition of the Board of Directors and its specialized Committees at the end of the Shareholders' Meeting dated May 23, 2024: Composition of the Board of Directors - Gilles Michel, Chairman of the Board of Directors (independent); Christophe Périllat, Chief Executive Officer; Bruno Bézard, independent director; Bpifrance Participations, represented by Alexandre Ossola, independent director; Eric Chauvirey, director representing employee shareholders; Alexandre Dayon, independent director; Fonds Stratégique de Participations, represented by Julie Avrane, independent director; Stéphanie Frachet, independent director; Mari-Noëlle Jégo-Laveissière, independent director; Eric Poton, director representing employees; Beatriz Puente, independent director; Patrick Sayer, independent director; Grzegorz Szelag, director representing employees; Véronique Weill, independent director; Sascha Zahnd, independent director.

Composition of the Board of Directors' specialized Committees: Audit and Risks Committee: Véronique Weill (Chair), Bruno Bézard, Bpifrance Participations represented by Alexandre Ossola, Eric Chauvirey, Fonds Stratégique de Participations represented by Julie Avrane, Mari-Noëlle Jégo-Laveissière and Beatriz Puente. Governance, Appointments and Corporate Social Responsibility Committee: Alexandre Dayon (Chair), Fonds Stratégique de Participations represented by Julie Avrane in charge of CSR matters, Stéphanie Frachet, Eric Poton and Patrick Sayer. Compensation Committee: Alexandre Dayon (Chair), Fonds Stratégique de Participations represented by Julie Avrane, Stéphanie Frachet, Eric Poton and Patrick Sayer.

Strategy Committee: Patrick Sayer (Chair), Bpifrance Participations represented by Alexandre Ossola, Alexandre Dayon, Stéphanie Frachet, Grzegorz Szelag and Sascha Zahnd.