Report of Foreign Private Issuer on Appointment of Interim Judicial Managers

Maxeon Solar Technologies, Ltd. and its subsidiary have been placed under interim judicial management by order of the General Division of the High Court of the Republic of Singapore. Mr. Tan Wei Cheong and Mr. Lim Loo Khoon of Deloitte Singapore SR&T Restructuring Services Pte. Ltd. have been appointed as joint and several interim judicial managers. Pending the court's determination on the companies' applications for judicial management, the interim judicial managers will manage the affairs, business, and property of the companies. They are empowered to exercise the powers of judicial managers and directors, while the powers of the current directors and officers will cease. The interim judicial managers are authorized to take control of the companies' assets, open bank accounts, pay employee salaries and CPF contributions, manage employment contracts, pay operational expenses to maintain the companies as going concerns, and are to be remunerated from the companies' assets. They are working with the management to stabilize the business and will release further announcements on material developments.