The total consideration of this transaction is not more than 51 million US dollars (about RMB ). 3. The transaction adopts the lock-up price adjustment mechanism, and the transaction consideration is determined based on the financial situation on the lock-up day. Lockbox date October 31, 2025.
transaction, is 100% owned by SPT, a wholly-owned subsidiary of Maxeon, registered in Malaysia, with a share capital of RM2,257,150,000. It is mainly engaged in the manufacturing of solar products.
Financial data show that as of October 31, 2025, the total assets of the transaction target are 470 million US dollars , and the total liabilities are 0.26 billion US dollars . Net assets are 4. In the third quarter of 2025, the company realized operating income of 1.531 million US dollars . Net profit was approximately 62.
, Maxeon, formerly SunPower , was founded in 1985. It is mainly responsible for designing, manufacturing and selling Maxeon and SunPower brand solar TCL Central's acquisition of Maxeon can be traced back to 2019 at the earliest. At that time, TCL Central invested about $298 million in Maxeon, holding 28.
In the following years , TCL Central increased its holdings through several acquisitions. Realized the absolute holding of Maxeon. In February
2025, TCL Central signed an agreement with Maxeon to acquire 100% of its non-U.S. sales subsidiary and its corresponding rights and interests, with a total consideration of $ 35.69 million. According to the agreement, Maxeon focuses on the US market and TCL Central takes over its non-US market as the core .
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