Shenghong Technology: Wholly-owned subsidiary MFSS has completed the payment of the entire transaction consideration.

Shenghong Technology Announcement: The company intends to acquire 100% equity of SPMY indirectly held by Maxeon Solar Technologies, Ltd., a subsidiary of TCL Central New Energy Technology Co., Ltd., through its wholly-owned Singaporean subsidiary MFSS in cash. The total purchase price of this transaction shall not exceed 51 million US dollars, with the final purchase price to be determined in accordance with the terms of the transaction documents. On February 13, 2026, MFSS has fully paid the total transaction price as stipulated in the Equity Sale and Purchase Agreement signed with the counterparty SunPower Technology Ltd., with the funds coming from own funds, bank loans and other sources. MFSS has completed all delivery work for this transaction in collaboration with the seller.