On January 18, 2023, the Board of Directors (the “Board”) of Maxeon Solar Technologies, Ltd. (the “Company”) appointed Luo Luo Xu to serve as a member of the Board and as a member of the Company's Nomination and Corporate Governance Committee. Mr. Xu is a designee of Zhonghuan Singapore Investment and Development Pte. Ltd. (“TZE”), pursuant to the Shareholders Agreement dated August 26, 2020 between the Company, TZE and TotalEnergies Solar INTL SAS and TotalEnergies Gaz Electricité Holdings France SAS, and is replacing Yanbing Jiang, whose resignation from the Board was effective immediately upon Mr. Xu's appointment.

Mr. Luo Luo Xu serves as a director designated by TZE on Maxeon's Board of Directors and member of its Nominating and Corporate Governance Committee. Mr. Xu is the Associate President of TCL Group and prior to this role, has held various management positions within TCL Group since 2012. Mr. Xu also serves as vice-chairman at Tianjin Printronics Circuit Corp., a specialized PCB manufacturer listed on Shenzhen Stock Exchange, and a director at Homa, a leading refrigerator ODM manufacturer listed on Shenzhen Stock Exchange.

Prior to these roles, he has served on other boards throughout his career, including as Chairman of Highly, a consumer electronics distributor listed on Beijing Stock Exchange. Previously, Mr. Xu has held various management positions at Foton Motor, a commercial vehicle manufacturer listed on Shanghai Stock Exchange, and AVL, a world's leading mobility technology provider for development, simulation and testing of powertrain. Mr. Xu holds a Bachelor's Degree in computer science and Postgraduate Degree in excellence management from University of Warwick.