On September 4, 2024, TZE and TZE Parent became beneficial owners of 69.3% voting power in Maxeon Solar Technologies, triggering a Fundamental Change under the company's 2025 Notes Indenture. This follows TZE's purchase of 829,187,396 ordinary shares at $0.1206 per share for approximately $100 million on August 30, 2024.Holders of the 2025 Notes, with $1.5 million aggregate principal amount outstanding, now have the right to require Maxeon to repurchase their notes. The Fundamental Change Repurchase Price is set at $1,021.486111 per $1,000 principal amount, including accrued interest. The repurchase date is scheduled for November 14, 2024.The current Conversion Rate remains at 54.9611 Ordinary Shares per $1,000 principal amount of Notes, with no adjustments resulting from the TZE Fundamental Change. Noteholders must deliver their notes to the Paying Agent and submit proper documentation to exercise their repurchase rights.

On September 4, 2024, TZE and TZE Parent became beneficial owners of 69.3% voting power in Maxeon Solar Technologies, triggering a Fundamental Change under the company's 2025 Notes Indenture. This follows TZE's purchase of 829,187,396 ordinary shares at $0.1206 per share for approximately $100 million on August 30, 2024.Holders of the 2025 Notes, with $1.5 million aggregate principal amount outstanding, now have the right to require Maxeon to repurchase their notes. The Fundamental Change Repurchase Price is set at $1,021.486111 per $1,000 principal amount, including accrued interest. The repurchase date is scheduled for November 14, 2024.The current Conversion Rate remains at 54.9611 Ordinary Shares per $1,000 principal amount of Notes, with no adjustments resulting from the TZE Fundamental Change. Noteholders must deliver their notes to the Paying Agent and submit proper documentation to exercise their repurchase rights.