TPI Composites, Inc. Completes Sale of Turkish Subsidiaries

On September 10, 2025, TPI Composites, Inc. completed the sale and transfer of its ownership interests in two of its subsidiaries, TPI Kompozit Kanat Sanayi ve Ticaret Anonim Şirketi and TPI Kompozit Kanat 2 Üretim Sanayi ve Ticaret Limited Şirketi, collectively known as TPI Türkiye. The transaction involved the sale of assets and operations of two wind blade manufacturing facilities and a field service inspection and repair business in Izmir, Türkiye. The sale was conducted on an 'as-is' basis, including the assumption of all liabilities and debt positions of TPI Türkiye. Approximately 2,700 Turkish employees were affected by this transaction. The unaudited pro forma condensed consolidated financial statements of the company, reflecting the impact of this transaction, are included in the filing.