REPL::Cash Dividend/ Distribution::Mandatory

SUNPOWER GROUP LTD.

NOTICE OF REVISED RECORD DATE AND DIVIDEND PAYMENT DATE FOR THE FINAL DIVIDEND OF S$0.003 PER SHARE IN RESPECT OF THE FINANCIAL YEAR ENDED 31 DECEMBER 2020

The Board of Directors (the "Board") of Sunpower Group Ltd. (the "Company", and together with its subsidiaries, the "Group") refers to the Company's announcement issued on 4 June 2021 (the "Previous Announcement") regarding the record date and payment date of final dividend in respect of the financial year ended 31 December 2020 ("FY2020").

The Board wishes to update shareholders of the Company (the "Shareholders") that the date on which the Transfer Book and Register of Members of the Company will be closed is now changed to 24 June 2021instead of 17 June 2021 (as stated in the Previous Announcement) for the purpose of determining entitlements of Shareholders holding ordinary shares in the capital of the Company to the 1-tier tax exempt final dividend of S$0.003 per share for FY2020 (the "Entitlements").

The change in the date for the purpose of determining the Entitlements takes into consideration the record date for the Tranche 1 Special Dividend of S$0.1406 per share as announced by the Company on 24 May 2021, in compliance with Rule 704 (27) of the Listing Manual of Singapore Exchange Securities Trading Limited. There is no change to the record date and dividend payment date of 10 June 2021 and 18 June 2021 respectively for the Tranche 1 Special Dividend1.

In connection with the change:

1. duly completed registrable share transfers received by the following Singapore Share Transfer Agent and Bermuda Share Registrar and Transfer Agent of the Company up to
   5.00 p.m., on 23 June 2021 will be registered before the Entitlements are determined:

1. 1. In.Corp Corporate Services Pte. Ltd.
      30 Cecil Street #19-08 Prudential Tower Singapore 049712
   2. Ocorian Management (Bermuda) Limited Victoria Place, 5th Floor
      31 Victoria Street Hamilton HM 10 Bermuda;
2. Shareholders (being depositors) whose securities accounts with The Central Depository (Pte) Limited are credited with ordinary shares in the capital of the Company as at 5.00 p.m., on 23 June 2021 will be entitled to the proposed final dividend; and
3. the payment date of the final dividend will also be changed from 24 June 2021 (as stated in the Previous Announcement) to 30 June 2021.

By Order of the Board

Ma Ming

Executive Director

11 June 2021

1 For details, please refer to the announcement titled "The Proposed Disposal of the Entire Manufacturing and Services (M&S) Business of the Company-Notice of Record Date and Dividend Payment Date of Tranche 1 Special Dividend", which was released by the Company on 24 May 2021.