TCL Middle Circle: Subsidiary completes delivery of 100% equity of Malaysian subsidiary

In an announcement by TCL Zhonghuan, on January 24, 2026, its controlling subsidiary Maxeon's wholly-owned subsidiary SPT intends to sell 100% equity of its wholly-owned subsidiary SPMY in Malaysia to the subsidiary MFSS of Shenghong Technology Group, with a total consideration not exceeding 51 million US dollars. On February 13, the transaction has completed all delivery work, and SPMY is no longer included in the company and Maxeon's consolidated financial statements.