Gilles Michel

Ladies and gentlemen, dear shareholders, thank you for being with us today for Valeo's Annual General Meeting. This meeting is convened by the Board of Directors following publication of the notice of the meeting of the bulletin [indiscernible] and the notice of the same bulletin and the electronic version of the legal announcement journal [indiscernible] on April 29, 2026. The meeting is being broadcast live on the company's website. And like every year, it is a subject of video recording which will be available on the general meeting page of our website.

I will be chairing the assembly in my capacity as Chairman of the Executive Board. On my side, we have: Christophe Perillat, Chief Executive Officer; Edouard de Pirey, Chief Financial Officer; Eric Antoine Fredette, General Counsel and Secretary General. The members of the Board of Directors are seated in the front row of the room. The statutory auditors and sustainability auditors are also present.

I suggest now that we move on to the composition of the bureau. I'd like to remind you first that -- with the 2 members of the assembly with the greatest number of votes and who accept the functions of scrutineers are -- those who have accepted are Sitam Belgique with Dassault Group represented by Mr. Guillaume Louis and the Amundi company represented by Madam [indiscernible].

The bureau thus constituted, proposes to appoint Mr. Eric Antoine Fredette as Secretary of Assembly, and I'm going to give him the floor to let him indicate the provisional quorum of the assembly and