Sunpower Group Ltd. announced on September 17, 2026, that bondholders have converted S$25,000 in principal amount of the company’s outstanding convertible bonds into ordinary shares.\n\nUnder the terms set out in the trust deed for the bonds, the conversion was effected at a price of S$0.25 per share, resulting in the allotment of 100,000 new ordinary shares (“Conversion Shares”).\n\nFollowing the conversion, the outstanding principal of Sunpower Group’s convertible bonds has been reduced to S$92,993,878 from S$93,018,878.\n\nThe issuance increases the company’s issued and paid-up share capital to US$8,215,536.98, comprising 821,553,698 shares, up from 821,453,698 shares previously.\n\nThe Conversion Shares will rank pari passu with existing shares, except for entitlements declared before the respective registration dates. The new shares are expected to commence trading on the Singapore Exchange’s Mainboard at 9:00 a.m. on or about September 18, 2026.