07/09/2022 - Maxeon Solar Technologies Ltd.: Introductory Note - Form 6-K

Introductory Note

On 31 August 2022, Maxeon Solar Technologies, Ltd. ("we", "us" or the "Company") held our Annual General Meeting of Shareholders (the "Annual General Meeting"). At the Annual General Meeting, our shareholders voted on ten proposals, each of which is described in more detail in our Notice of Annual General Meeting of Shareholders provided to our shareholders. The Notice of Annual General Meeting of Shareholders was also attached as Exhibit 99.1 to a Report of Foreign Private Issuer on Form 6-K that we furnished to the Securities and Exchange Commission on 8 August 2022.

Based on the presence by proxy of holders of our outstanding ordinary shares constituting a quorum, each of the following proposals was duly approved and/or ratified:

•Proposal 1: To receive and adopt the Directors' Statement and Audited Financial Statements for the financial period ended 2 January 2022 and the Auditor's Report thereon.

•Proposal 2: To elect Messr. Kris Sennesael as a Director pursuant to Regulation 94 of the Constitution of the Company.

•Proposal 3: To approve Messr. Kris Sennesael's Directors' annual fees of US$300,000 to be paid pro rata on a quarterly basis, based on the Company's Outside Director Compensation Policy.

•Proposal 4: To elect Messr. Nikita Taldykin as a Director pursuant to Regulation 94 of the Constitution of the Company.

•Proposal 5: To elect Messr. Gavin Adda as a Director pursuant to Regulation 94 of the Constitution of the Company.

•Proposal 6: To elect Messr. Yanbing Jiang as a Director pursuant to Regulation 94 of the Constitution of the Company.

•Proposal 7: To re-appoint Ernst & Young LLP as the Company's auditors and to authorize the Audit Committee of the Board of Directors to fix their remuneration.

•Proposal 8: To approve the Directors of the Company to issue shares pursuant to Section 161 of the Companies Act, Cap. 50.

•Proposal 9: To approve the renewal of the FPTC Share Buyback Mandate (as defined in the Notice of Annual General Meeting of Shareholders).

•Proposal 10: To approve the renewal of the MLI Share Buyback Mandate (as defined in the Notice of Annual General Meeting of Shareholders).

Incorporation by Reference

The information contained in this report is hereby incorporated by reference into the Company's registration statements on Form F-3 (File No. 333-265253) and Form S-8 (File No. 333-241709), each filed with the Securities and Exchange Commission.