TCL Midco: The subsidiary intends to sell 100% equity of its Malaysian subsidiary for no more than 51 million US dollars.

TCL announced that its controlling subsidiary Maxeon's wholly-owned subsidiary SPT intends to sell 100% equity of its wholly-owned subsidiary SPMY in Malaysia to MFSS for a total transaction price not exceeding $51 million. SPMY specializes in the manufacturing of solar products. As of October 31, 2025, its total assets are $4.698 billion, total liabilities are $25.535 million, and net assets are $444 million. This transaction aims to optimize Maxeon's capital structure, activate inefficient assets, and after the sale, SPMY will no longer be included in the company's consolidated financial statements.