Valneva SE announced in June 2023, during this EGM, shareholders will notably vote on the Supervisory Boards recommendation to transition from the Companys current two-tier governance model, which includes a Supervisory Board and a Management Board, to a one-tier model led by a Board of Directors. As part of the proposed changes, three current Supervisory Board members will not join the future Board of Directors, Ms. Johanna Pattenier, Ms. Sharon Tetlow and Mr. Frederic Grimaud, current Chairman of the Supervisory Board.