Exhibit 1.01

 

Conflict Minerals Report

 

Maxeon Solar Technologies, Ltd. has included this Conflict Minerals Report as an exhibit to its Form SD for 2024 as provided for in Rule 13p-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Form SD (collectively, the “Conflict Minerals Rule”). The date of filing of this Conflict Minerals Report is June 6, 2025.

 

Unless the context indicates otherwise, the term “Maxeon” refers to Maxeon Solar Technologies, Ltd. and its consolidated subsidiaries, and “Service Provider” refers to the third party retained by Maxeon to assist with supplier outreach and data validation of the responses received from suppliers. Some of the compliance activities described in this Conflict Minerals Report were performed by the Service Provider on behalf of and/or in coordination with Maxeon. As used herein and consistent with the Conflict Minerals Rule, “Conflict Minerals” or “3TG” are columbite-tantalite (coltan), cassiterite, gold, wolframite and the derivatives tantalum, tin and tungsten, without regard to the location of origin of the minerals or derivative metals.

 

This Conflict Minerals Report can be found on the Maxeon website at: https://www.maxeon.com/financials-filings/sec-filings. The information contained on the Company’s website is not incorporated by reference into the Form SD or this Conflict Minerals Report and should not be considered part of the Form SD or this Conflict Minerals Report.

 

Forward-Looking Statements

 

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Exchange Act. In particular, statements contained in this document that are not historical facts, including, but not limited to, statements concerning the additional steps that Maxeon intends to take to mitigate the risk that its necessary 3TG benefit armed groups, constitute forward-looking statements and are made under the safe harbor provisions of Section 27A of the Securities Act and Section 21E of the Exchange Act.

 

Forward-looking statements are subject to risks and uncertainties that could cause actual actions or performance to differ materially from those expressed in the forward-looking statements. These risks and uncertainties may include, but are not limited to, (1) the continued implementation of satisfactory traceability and other compliance measures by Maxeon’s direct and indirect suppliers on a timely basis or at all, (2) whether smelters and refiners (“SORs”) and other market participants responsibly source 3TG and (3) political, regulatory and economic developments, whether in the Democratic Republic of the Congo (the “DRC”) or an adjoining country (collectively, the “Covered Countries”), the United States or elsewhere. Maxeon cautions readers not to place undue reliance on any forward-looking statements, which only speak as of the date made. Maxeon undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.

 

Overview; Maxeon’s Products and Applicability of the Conflict Minerals Rule

 

Maxeon is one of the world’s leading marketers of premium solar power technology. We have developed and maintained this leadership position through decades of technological innovation and investment, in addition to the development of sales and distribution channels across six continents. Headquartered in Singapore, we are strategically restructuring our business portfolio and geographic market focus to concentrate exclusively on the U.S. market. Many of the products that Maxeon markets contain certain 3TG necessary to the functionality or production of such products. However, 3TG content continues to represent a small portion of the materials content of Maxeon’s in-scope products.

 

For a further discussion of Maxeon’s products, see its Annual Report on Form 20-F for the fiscal year ended December 31, 2024.

 

Maxeon is multiple levels removed from the mining of minerals (3TG or otherwise). Maxeon does not make purchases of raw ore or refined 3TG minerals directly from SORs and makes no purchases in the Covered Countries. However, through the efforts described in this Conflict Minerals Report, Maxeon seeks to ensure its suppliers are sourcing responsibly.

 

Maxeon does not seek to embargo responsible sourcing of 3TG from the Covered Countries or other conflict-affected and high-risk regions and encourages its suppliers to continue to source 3TG responsibly from these regions.

 

 

 

Reasonable Country of Origin Inquiry

 

To complete the “reasonable country of origin inquiry” (the “RCOI”) required by the Conflict Minerals Rule, Maxeon and its Service Provider engaged with suppliers to collect information about the presence and source of 3TG used in components, parts supplied to Maxeon. For its RCOI, to the extent applicable, Maxeon utilized the same processes and procedures as for its due diligence, in particular Steps 1 and 2 of the OECD Guidance (as defined below), which are discussed later in this Conflict Minerals Report. For 2024, Maxeon surveyed 35 suppliers as part of its RCOI (the “Suppliers”).

 

The results of Maxeon’s RCOI are discussed under “Findings Concerning Smelters and Refiners and Country of Origin Information.”

 

Due Diligence Measures

 

Design Framework

 

Maxeon utilizes due diligence measures for 3TG that are intended to conform with, in all material respects, the criteria set forth in the Organisation for Economic Co-operation and Development’s Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, including the Supplement on Tin, Tantalum and Tungsten and the Supplement on Gold (Third Edition) (the “OECD Guidance”). The OECD Guidance established a five-step framework for due diligence as a basis for responsible global supply chain management of minerals from conflict-affected and high-risk areas. Application of the framework constitutes a part of the program that Maxeon has put in place to help ensure that the 3TG contained in its products are responsibly sourced.

 

Diligence Program

 

In furtherance of Maxeon’s 3TG due diligence, it performed the due diligence measures discussed below for 2024.

 

Compliance Team

 

In support of its compliance efforts, Maxeon has a compliance team that is charged with overseeing, implementing and providing feedback on its 3TG compliance strategy. The team consists of staff from Maxeon’s operations groups, under executive leadership. The members of the team and selected other internal personnel are familiar with the Conflict Minerals Rule, the OECD Guidance, Maxeon’s compliance plan, and the procedures for reviewing and validating supplier responses to Maxeon’s inquiries. Maxeon also utilized the Service Provider and specialist outside counsel to assist with and/or to advise it on certain aspects of its compliance.

 

Conflict Minerals Policy; Training Resources; Grievance Mechanism

 

Maxeon maintains a Conflict Minerals Policy. Under the Conflict Minerals Policy, Maxeon suppliers are required to acknowledge Maxeon’s Supplier Sustainability Guidelines, which incorporates the Conflict Minerals Policy. Under the Conflict Minerals Policy, Maxeon reserves the right to request additional documentation from its suppliers regarding the source of any 3TG included in their products. In addition, Maxeon reserves the right to ask suppliers to maintain traceability data for a minimum of five years. The Conflict Minerals Policy indicates that Maxeon will evaluate its relationships with its suppliers on an ongoing basis to ensure continued compliance with the Conflict Minerals Policy.

 

The Conflict Minerals Policy is communicated internally to Maxeon’s supply chain employees and to suppliers. In addition, the Conflict Minerals Policy is posted on Maxeon’s website at https://corp.maxeon.com/static-files/7189df75-ef32-4397-bda9-06e6a11d50fe.

 

2

 

 

In an effort to increase supplier awareness about Conflict Minerals and related regulatory requirements, to provide answers to frequently asked questions concerning 3TG mineral tracing, and ultimately to improve the accuracy and completeness of supplier responses, suppliers that were part of Maxeon’s outreach received access to the Service Provider’s online resources.

 

Maxeon has a grievance mechanism for reporting violations of its Conflict Minerals Policy. The grievance mechanism is available through the Conflict Minerals Policy. Violations may be reported by contacting Maxeon’s Compliance and Ethics Helpline at https://maxeon.ethicspoint.com.

 

Data Collection; Records Storage and Retention

 

For 2024, Maxeon carried out due diligence on relevant components and parts in the products it manufactured. Maxeon’s outreach included the 35 Suppliers that provided components or parts determined by Maxeon to contain or potentially contain necessary 3TG, and which were incorporated into products manufactured by Maxeon in the course of 2024.

 

Maxeon sent the Suppliers a request to submit a Conflict Minerals Reporting Template, which is the widely-used data collection form developed by the Responsible Minerals Initiative (the “RMI” and the “CMRT”), to gather information on the use of 3TG by the Suppliers, the source of the 3TG and the Suppliers’ related compliance procedures. Maxeon gave the Suppliers the ability to provide information at a level at which they could most readily assemble the information (i.e., company, product, or user-defined), but required the Suppliers to declare the level of information provided. Following the initial introductions to the program and information request, reminder emails were sent to each non-responsive Supplier requesting survey completion. This outreach was managed by the Service Provider on Maxeon’s behalf. Additional outreach also was conducted by Maxeon’s staff on an as-needed basis to further emphasize the importance of suppliers completing the CMRT.

 

The Service Provider reviewed CMRT responses received from the Suppliers for plausibility, consistency and gaps. If any “quality control” flags were raised, Suppliers were contacted to clarify the concern. If the SOR was not identified as Conformant (as later defined) or the equivalent by the RMI, the London Bullion Market Association (the “LBMA”) or the Responsible Jewellery Council (the “RJC”), the Service Provider attempted to contact the SOR to gain more information about its sourcing practices, including countries of origin and transfer, and due diligence procedures. In addition, for SORs that are not Conformant, the Service Provider searched public information to attempt to determine the SOR’s sourcing practices.

 

Maxeon has an electronic file for the maintenance of business records relating to 3TG due diligence, including records of due diligence processes, findings and resulting decisions. Maxeon stores all supplier CMRTs and documents evidence of identified supplier 3TG sourcing risk. As contemplated by the OECD Guidance, Maxeon will maintain these records for at least five years. The Service Provider also is requested to maintain records in its possession for at least five years.

 

3TG Risk Management

 

Maxeon obtained information on 3TG sourcing risk from a variety of sources, including the Service Provider. Maxeon further used the CMRT responses to identify 3TG sourcing risk. Given Maxeon’s position in the 3TG supply chain, it believes that this is the most efficient means for identifying 3TG sourcing risk.

 

Supply chain managers within Maxeon worked with the compliance team to identify 3TG sourcing concerns and determine risk mitigation efforts. The compliance team reported aggregated risk findings to and the contents of this Conflict Minerals Report are shared with Maxeon’s executive management.

 

Maxeon determines on a case-by-case basis the appropriate risk mitigation strategy for any identified risks. Potential outcomes under Maxeon’s risk mitigation strategy include continuing to work with the supplier while risks are addressed or reassessing the relationship with the supplier.

 

3

 

 

Utilization of Independent Third-Party Audits

 

To the extent that SORs are identified, Maxeon primarily utilizes information made available by the RMI concerning independent third-party audits and Conformant status. Maxeon also relies on audits performed by the LBMA and the RJC.

 

Report on Supply Chain Due Diligence

 

Maxeon files a Form SD and a Conflict Minerals Report with the Securities and Exchange Commission and makes these filings available on its investor relations website.

 

Findings Concerning Smelters and Refiners and Country of Origin Information

 

For 2024, Maxeon surveyed 35 Suppliers as part of its due diligence around 3TG and received CMRTs from 77% of those Suppliers in response to its outreach. The CMRT declarations received identified 351 SORs that processed or may have processed 3TG contained in Maxeon’s in-scope products. Most Suppliers provided company-level declarations. Therefore, the list of processing facilities disclosed below may over-represent the number of 3TG processing facilities in Maxeon’s supply chain.

 

In brief, as indicated in the table below:

 

351 SORs were identified by the Suppliers.

 

65% of SORs were listed as Conformant (as defined below).

 

2 SORs were listed as Active (as defined below).

 

In connection with Maxeon’s RCOI or due diligence, as applicable, the Suppliers identified to Maxeon the facilities listed below as potentially having processed the necessary 3TG contained in Maxeon’s in-scope products in 2024 (table information is as of April 2, 2025; see the notes following the table for additional information concerning the information presented in the table).

 

Metal Smelter Name Country Name Status
Tantalum 5D Production OU Estonia Smelter Look-up List Tab Only
Gold 8853 S.p.A. Italy Smelter Look-up List Tab Only
Tungsten A.L.M.T. TUNGSTEN Corp. Japan Conformant
Gold ABC Refinery Pty Ltd. Australia Smelter Look-up List Tab Only
Gold Abington Reldan Metals, LLC United States of America Conformant
Tungsten ACL Metais Eireli Brazil Smelter Look-up List Tab Only
Gold Advanced Chemical Company United States of America Conformant
Gold African Gold Refinery Uganda Smelter Look-up List Tab Only
Gold Agosi AG Germany Conformant
Gold Aida Chemical Industries Co., Ltd. Japan Conformant
Gold Al Etihad Gold Refinery DMCC United Arab Emirates Smelter Look-up List Tab Only
Tungsten Albasteel Industria e Comercio de Ligas Para Fundicao Ltd. Brazil Smelter Look-up List Tab Only
Gold Albino Mountinho Lda. Portugal Smelter Look-up List Tab Only
Gold Alexy Metals United States of America Smelter Look-up List Tab Only
Gold Almalyk Mining and Metallurgical Complex (AMMC) Uzbekistan Conformant
Tin Alpha Assembly Solutions Inc United States of America Conformant
Tantalum AMG Brasil Brazil Conformant
Tin An Vinh Joint Stock Mineral Processing Company Viet Nam Smelter Look-up List Tab Only
Gold AngloGold Ashanti Corrego do Sitio Mineracao Brazil Conformant
Gold Argor-Heraeus S.A. Switzerland Conformant

 

4

 

 

Tungsten Artek LLC Russian Federation Smelter Look-up List Tab Only
Gold ASAHI METALFINE, Inc. Japan Conformant
Gold Asahi Refining Canada Ltd. Canada Conformant
Gold Asahi Refining USA Inc. United States of America Conformant
Gold Asaka Riken Co., Ltd. Japan Conformant
Tungsten Asia Tungsten Products Vietnam Ltd. Viet Nam Conformant
Gold Atasay Kuyumculuk Sanayi Ve Ticaret A.S. Turkey Smelter Look-up List Tab Only
Gold AU Traders and Refiners South Africa Smelter Look-up List Tab Only
Gold Augmont Enterprises Private Limited India Smelter Look-up List Tab Only
Gold Aurubis AG Germany Conformant
Tin Aurubis Beerse Belgium Conformant
Tin Aurubis Berango Spain Conformant
Gold Bangalore Refinery India Smelter Look-up List Tab Only
Gold Bangko Sentral ng Pilipinas (Central Bank of the Philippines) Philippines Conformant
Gold Boliden Ronnskar Sweden Conformant
Gold C. Hafner GmbH + Co. KG Germany Conformant
Gold Caridad Mexico Smelter Look-up List Tab Only
Gold CCR Refinery - Glencore Canada Corporation Canada Conformant
Gold Cendres + Metaux S.A. Switzerland Smelter Look-up List Tab Only
Gold CGR Metalloys Pvt Ltd. India Smelter Look-up List Tab Only
Tin Chenzhou Yunxiang Mining and Metallurgy Co., Ltd. China Conformant
Tin Chifeng Dajingzi Tin Industry Co., Ltd. China Conformant
Gold Chimet S.p.A. Italy Conformant
Tungsten China Molybdenum Tungsten Co., Ltd. China Conformant
Tin China Tin Group Co., Ltd. China Conformant
Tungsten Chongyi Zhangyuan Tungsten Co., Ltd. China Conformant
Gold Chugai Mining Japan Conformant
Tungsten CNMC (Guangxi) PGMA Co., Ltd. China Smelter Look-up List Tab Only

 

5

 

 

Gold Coimpa Industrial LTDA Brazil Conformant
Tin CRM Fundicao De Metais E Comercio De Equipamentos Eletronicos Do Brasil Ltda Brazil Conformant
Tin CRM Synergies Spain Conformant
Tungsten Cronimet Brasil Ltda Brazil Conformant
Tin CV Ayi Jaya Indonesia Conformant
Tin CV Venus Inti Perkasa Indonesia Conformant
Tantalum D Block Metals, LLC United States of America Conformant
Gold Daye Non-Ferrous Metals Mining Ltd. China Smelter Look-up List Tab Only
Gold Degussa Sonne / Mond Goldhandel GmbH Germany Smelter Look-up List Tab Only
Gold Dijllah Gold Refinery FZC United Arab Emirates Smelter Look-up List Tab Only
Tin Dongguan CiEXPO Environmental Engineering Co., Ltd. China Smelter Look-up List Tab Only
Gold Dongwu Gold Group China Smelter Look-up List Tab Only
Gold Dowa Japan Conformant
Tin Dowa Japan Conformant
Tin DS Myanmar Myanmar Conformant
Gold DSC (Do Sung Corporation) Korea, Republic of Conformant
Gold Eco-System Recycling Co., Ltd. East Plant Japan Conformant
Gold Eco-System Recycling Co., Ltd. North Plant Japan Conformant
Gold Eco-System Recycling Co., Ltd. West Plant Japan Conformant
Tin Electro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock Company Viet Nam Smelter Look-up List Tab Only
Tin EM Vinto Bolivia (Plurinational State of) Conformant
Gold Emerald Jewel Industry India Limited (Unit 1) India Smelter Look-up List Tab Only
Gold Emerald Jewel Industry India Limited (Unit 2) India Smelter Look-up List Tab Only
Gold Emerald Jewel Industry India Limited (Unit 3) India Smelter Look-up List Tab Only
Gold Emerald Jewel Industry India Limited (Unit 4) India Smelter Look-up List Tab Only
Gold Emirates Gold DMCC United Arab Emirates Smelter Look-up List Tab Only
Tin Estanho de Rondonia S.A. Brazil Conformant

 

6

 

 

Tantalum F&X Electro-Materials Ltd. China Conformant
Tin Fabrica Auricchio Industria e Comercio Ltda. Brazil Smelter Look-up List Tab Only
Tin Fenix Metals Poland Conformant
Gold Fidelity Printers and Refiners Ltd. Zimbabwe Smelter Look-up List Tab Only
Tantalum FIR Metals & Resource Ltd. China Conformant
Gold Fujairah Gold FZC United Arab Emirates Smelter Look-up List Tab Only
Tungsten Fujian Xinlu Tungsten Co., Ltd. China Conformant
Tungsten Ganzhou Jiangwu Ferrotungsten Co., Ltd. China Conformant
Tungsten Ganzhou Seadragon W & Mo Co., Ltd. China Conformant
Tin Gejiu City Fuxiang Industry and Trade Co., Ltd. China Smelter Look-up List Tab Only
Tin Gejiu Kai Meng Industry and Trade LLC China Smelter Look-up List Tab Only
Tin Gejiu Non-Ferrous Metal Processing Co., Ltd. China Conformant
Tin Gejiu Yunxin Nonferrous Electrolysis Co., Ltd. China Smelter Look-up List Tab Only
Tin Gejiu Zili Mining And Metallurgy Co., Ltd. China Smelter Look-up List Tab Only
Gold GG Refinery Ltd. Tanzania, United Republic of Conformant
Gold GGC Gujrat Gold Centre Pvt. Ltd. India Smelter Look-up List Tab Only
Tantalum Global Advanced Metals Aizu Japan Conformant
Tantalum Global Advanced Metals Boyertown United States of America Conformant
Tungsten Global Tungsten & Powders LLC United States of America Conformant
Gold Gold by Gold Colombia Colombia Conformant
Gold Gold Coast Refinery Ghana Smelter Look-up List Tab Only
Gold Great Wall Precious Metals Co., Ltd. of CBPM China Smelter Look-up List Tab Only
Tin Guangdong Hanhe Non-Ferrous Metal Co., Ltd. China Conformant
Gold Guangdong Jinding Gold Limited China Smelter Look-up List Tab Only
Tantalum Guangdong Rising Rare Metals-EO Materials Ltd. China Conformant

 

7

 

 

Tungsten Guangdong Xianglu Tungsten Co., Ltd. China Conformant
Gold Guoda Safina High-Tech Environmental Refinery Co., Ltd. China Smelter Look-up List Tab Only
Tungsten H.C. Starck Tungsten GmbH Germany Conformant
Gold Hangzhou Fuchunjiang Smelting Co., Ltd. China Smelter Look-up List Tab Only
Tungsten HANNAE FOR T Co., Ltd. Korea, Republic of Smelter Look-up List Tab Only
Gold Heimerle + Meule GmbH Germany Conformant
Tantalum Hengyang King Xing Lifeng New Materials Co., Ltd. China Conformant
Gold Heraeus Germany GmbH Co. KG Germany Conformant
Gold Heraeus Metals Hong Kong Ltd. China Conformant
Tungsten Hubei Green Tungsten Co., Ltd. China Conformant
Tin HuiChang Hill Tin Industry Co., Ltd. China Conformant
Tungsten Hunan Chenzhou Mining Co., Ltd. China Conformant
Gold Hunan Chenzhou Mining Co., Ltd. China Smelter Look-up List Tab Only
Gold Hunan Guiyang yinxing Nonferrous Smelting Co., Ltd. China Smelter Look-up List Tab Only
Tungsten Hunan Jintai New Material Co., Ltd. China Smelter Look-up List Tab Only
Tungsten Hunan Shizhuyuan Nonferrous Metals Co., Ltd. Chenzhou Tungsten Products Branch China Conformant
Gold HwaSeong CJ CO., LTD. Korea, Republic o Smelter Look-up List Tab Only
Tungsten Hydrometallurg, JSC Russian Federation Smelter Look-up List Tab Only
Gold Impala Platinum - Base Metal Refinery (BMR) South Africa Conformant
Gold Impala Platinum - Rustenburg Smelter South Africa Conformant
Gold Industrial Refining Company Belgium Smelter Look-up List Tab Only
Gold Inner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd. China Conformant
Gold International Precious Metal Refiners United Arab Emirates Smelter Look-up List Tab Only
Gold Ishifuku Metal Industry Co., Ltd. Japan Conformant
Gold Istanbul Gold Refinery Turkey Conformant
Gold Italpreziosi Italy Conformant

 

8

 

 

Gold JALAN & Company India Smelter Look-up List Tab Only
Gold Japan Mint Japan Conformant
Tungsten Japan New Metals Co., Ltd. Japan Conformant
Tungsten Jiangwu H.C. Starck Tungsten Products Co., Ltd. China Conformant
Gold Jiangxi Copper Co., Ltd. China Conformant
Tantalum Jiangxi Dinghai Tantalum & Niobium Co., Ltd. China Conformant
Tungsten Jiangxi Gan Bei Tungsten Co., Ltd. China Conformant
Tungsten Jiangxi Minmetals Gao’an Non-ferrous Metals Co., Ltd. China Smelter Look-up List Tab Only
Tin Jiangxi New Nanshan Technology Ltd. China Conformant
Tungsten Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd. China Conformant
Tantalum Jiangxi Tuohong New Raw Material China Conformant
Tungsten Jiangxi Xinsheng Tungsten Industry Co., Ltd. China Conformant
Tungsten Jiangxi Yaosheng Tungsten Co., Ltd. China Conformant
Tantalum JiuJiang JinXin Nonferrous Metals Co., Ltd. China Conformant
Tantalum Jiujiang Tanbre Co., Ltd. China Conformant
Tantalum Jiujiang Zhongao Tantalum & Niobium Co., Ltd. China Conformant
Tungsten JSC “Kirovgrad Hard Alloys Plant” Russian Federation Smelter Look-up List Tab Only
Gold JSC Ekaterinburg Non-Ferrous Metal Processing Plant Russian Federation Smelter Look-up List Tab Only
Gold JSC Novosibirsk Refinery Russian Federation Smelter Look-up List Tab Only
Gold JSC Uralelectromed Russian Federation Smelter Look-up List Tab Only
Gold JX Advanced Metals Corporation Japan Conformant
Gold K.A. Rasmussen Norway Smelter Look-up List Tab Only
Gold Kaloti Precious Metals United Arab Emirates Smelter Look-up List Tab Only
Gold Kazakhmys Smelting LLC Kazakhstan Smelter Look-up List Tab Only
Gold Kazzinc Kazakhstan Conformant
Tantalum KEMET de Mexico Mexico Conformant
Tungsten Kennametal Fallon United States of America Conformant

 

9

 

 

Tungsten Kennametal Huntsville United States of America Conformant
Gold Kennecott Utah Copper LLC United States of America Conformant
Gold KGHM Polska Miedz Spolka Akcyjna Poland Conformant
Gold Kojima Chemicals Co., Ltd. Japan Conformant
Gold Korea Zinc Co., Ltd. Korea, Republic Of Conformant
Gold Kundan Care Products Ltd. India Smelter Look-up List Tab Only
Gold Kyrgyzaltyn JSC Kyrgyzstan Smelter Look-up List Tab Only
Gold Kyshtym Copper-Electrolytic Plant ZAO Russian Federation Smelter Look-up List Tab Only
Gold L’azurde Company For Jewelry Saudi Arabia Smelter Look-up List Tab Only
Tungsten Lianyou Metals Co., Ltd. Taiwan, Province of China Conformant
Tungsten Lianyou Resources Co., Ltd. Taiwan, Province of China Conformant
Gold Lingbao Gold Co., Ltd. China Smelter Look-up List Tab Only
Gold Lingbao Jinyuan Tonghui Refinery Co., Ltd. China Smelter Look-up List Tab Only
Tungsten LLC Vostok Russian Federation Smelter Look-up List Tab Only
Gold L’Orfebre S.A. Andorra Smelter Look-up List Tab Only
Gold LS MnM Inc. Korea, Republic of Conformant
Gold LT Metal Ltd. Korea, Republic of Conformant
Tin Luna Smelter, Ltd. Rwanda Conformant
Gold Luoyang Zijin Yinhui Gold Refinery Co., Ltd. China Smelter Look-up List Tab Only
Tin Ma’anshan Weitai Tin Co., Ltd. China Smelter Look-up List Tab Only
Tin Magnu’s Minerais Metais e Ligas Ltda. Brazil Conformant
Tin Malaysia Smelting Corporation (MSC) Malaysia Conformant
Tin Malaysia Smelting Corporation Berhad (Port Klang) Malaysia Conformant

 

10

 

 

Tungsten Malipo Haiyu Tungsten Co., Ltd. China Conformant
Gold Marsam Metals Brazil Smelter Look-up List Tab Only
Tungsten Masan High-Tech Materials Viet Nam Conformant
Gold Materion United States of America Conformant
Tantalum Materion Newton Inc. United States of America Conformant
Gold Matsuda Sangyo Co., Ltd. Japan Conformant
Gold MD Overseas India Smelter Look-up List Tab Only
Tin Melt Metais e Ligas S.A. Brazil Active
Gold Metal Concentrators SA (Pty) Ltd. South Africa Conformant
Tin Metallic Resources, Inc. United States of America Conformant
Gold Metallix Refining Inc. United States of America Smelter Look-up List Tab Only
Tantalum Metallurgical Products India Pvt., Ltd. India Conformant
Gold Metalor Technologies (Hong Kong) Ltd. China Conformant
Gold Metalor Technologies (Singapore) Pte., Ltd. Singapore Conformant
Gold Metalor Technologies (Suzhou) Ltd. China Conformant
Gold Metalor Technologies S.A. Switzerland Conformant
Gold Metalor USA Refining Corporation United States of America Conformant
Gold Metalurgica Met-Mex Penoles S.A. De C.V. Mexico Conformant
Tin Mineracao Taboca S.A. Brazil Conformant
Tantalum Mineracao Taboca S.A. Brazil Conformant
Tin Mining Minerals Resources SARL Congo, Democratic Republic of The Conformant
Tin Minsur Peru Conformant
Gold Mitsubishi Materials Corporation Japan Conformant
Tin Mitsubishi Materials Corporation Japan Conformant
Tantalum Mitsui Mining and Smelting Co., Ltd. Japan Conformant
Gold Mitsui Mining and Smelting Co., Ltd. Japan Conformant
Gold MKS PAMP SA Switzerland Conformant
Gold MMTC-PAMP India Pvt., Ltd. India Conformant
Gold Modeltech Sdn Bhd Malaysia Smelter Look-up List Tab Only

 

11

 

 

Tin Modeltech Sdn Bhd Malaysia Smelter Look-up List Tab Only
Tungsten Moliren Ltd. Russian Federation Smelter Look-up List Tab Only
Gold Morris and Watson New Zealand Smelter Look-up List Tab Only
Gold Moscow Special Alloys Processing Plant Russian Federation Smelter Look-up List Tab Only
Gold Nadir Metal Rafineri San. Ve Tic. A.S. Turkey Conformant
Gold Navoi Mining and Metallurgical Combinat Uzbekistan Conformant
Tin Nghe Tinh Non-Ferrous Metals Joint Stock Company Viet Nam Smelter Look-up List Tab Only
Gold NH Recytech Company Korea, Republic of Conformant
Tungsten Niagara Refining LLC United States of America Conformant
Gold Nihon Material Co., Ltd. Japan Conformant
Tantalum Ningxia Orient Tantalum Industry Co., Ltd. China Conformant
Gold NOBLE METAL SERVICES United States of America Smelter Look-up List Tab Only
Tin Novosibirsk Tin Combine Russian Federation Smelter Look-up List Tab Only
Tantalum NPM Silmet AS Estonia Conformant
Tungsten NPP Tyazhmetprom LLC Russian Federation Smelter Look-up List Tab Only
Tin O.M. Manufacturing (Thailand) Co., Ltd. Thailand Conformant
Tin O.M. Manufacturing Philippines, Inc. Philippines Conformant
Gold Ogussa Osterreichische Gold- und Silber-Scheideanstalt GmbH Austria Active
Gold Ohura Precious Metal Industry Co., Ltd. Japan Conformant
Gold OJSC “The Gulidov Krasnoyarsk Non-Ferrous Metals Plant” (OJSC Krastsvetmet) Russian Federation Smelter Look-up List Tab Only
Tungsten OOO “Technolom” 1 Russian Federation Smelter Look-up List Tab Only
Tungsten OOO “Technolom” 2 Russian Federation Smelter Look-up List Tab Only
Tin Operaciones Metalurgicas S.A. Bolivia (Plurinational State of) Conformant
Gold Pease & Curren United States of America Smelter Look-up List Tab Only
Gold Penglai Penggang Gold Industry Co., Ltd. China Smelter Look-up List Tab Only

 

12

 

 

Tungsten Philippine Chuangxin Industrial Co., Inc. Philippines Conformant
Gold Planta Recuperadora de Metales SpA Chile Conformant
Tin Pongpipat Company Limited Myanmar Smelter Look-up List Tab Only
Tantalum PowerX Ltd. Rwanda Conformant
Tin Precious Minerals and Smelting Limited India Smelter Look-up List Tab Only
Gold Prioksky Plant of Non-Ferrous Metals Russian Federation Smelter Look-up List Tab Only
Gold PT Aneka Tambang (Persero) Tbk Indonesia Conformant
Tin PT Aries Kencana Sejahtera Indonesia Conformant
Tin PT Artha Cipta Langgeng Indonesia Conformant
Tin PT ATD Makmur Mandiri Jaya Indonesia Conformant
Tin PT Babel Inti Perkasa Indonesia Conformant
Tin PT Babel Surya Alam Lestari Indonesia Conformant
Tin PT Bangka Prima Tin Indonesia Conformant
Tin PT Bangka Serumpun Indonesia Conformant
Tin PT Bangka Tin Industry Indonesia Conformant
Tin PT Belitung Industri Sejahtera Indonesia Conformant
Tin PT Bukit Timah Indonesia Conformant
Tin PT Cipta Persada Mulia Indonesia Conformant
Tin PT Menara Cipta Mulia Indonesia Conformant
Tin PT Mitra Stania Prima Indonesia Conformant
Tin PT Mitra Sukses Globalindo Indonesia Conformant
Tin PT Panca Mega Persada Indonesia Smelter Look-up List Tab Only
Tin PT Premium Tin Indonesia Indonesia Conformant
Tin PT Prima Timah Utama Indonesia Conformant
Tin PT Putera Sarana Shakti (PT PSS) Indonesia Conformant
Tin PT Rajawali Rimba Perkasa Indonesia Conformant
Tin PT Rajehan Ariq Indonesia Conformant
Tin PT Refined Bangka Tin Indonesia Conformant
Tin PT Sariwiguna Binasentosa Indonesia Conformant
Tin PT Stanindo Inti Perkasa Indonesia Conformant
Tin PT Sukses Inti Makmur Indonesia Conformant
Tin PT Timah Nusantara Indonesia Conformant
Tin PT Timah Tbk Kundur Indonesia Conformant
Tin PT Timah Tbk Mentok Indonesia Conformant
Tin PT Tinindo Inter Nusa Indonesia Conformant
Tin PT Tirus Putra Mandiri Indonesia Smelter Look-up List Tab Only
Tin PT Tommy Utama Indonesia Conformant
Gold PX Precinox S.A. Switzerland Conformant
Gold QG Refining, LLC United States of America Smelter Look-up List Tab Only

 

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Tantalum QuantumClean United States of America Conformant
Gold Rand Refinery (Pty) Ltd. South Africa Conformant
Gold Refinery of Seemine Gold Co., Ltd. China Smelter Look-up List Tab Only
Gold REMONDIS PMR B.V. Netherlands Conformant
Tin Resind Industria e Comercio Ltda. Brazil Conformant
Tantalum Resind Industria e Comercio Ltda. Brazil Conformant
Tantalum RFH Yancheng Jinye New Material Technology Co., Ltd. China Conformant
Gold Royal Canadian Mint Canada Conformant
Tin Rui Da Hung Taiwan, Province of China Conformant
Gold SAAMP France Smelter Look-up List Tab Only
Gold Sabin Metal Corp. United States of America Smelter Look-up List Tab Only
Gold Safimet S.p.A Italy Smelter Look-up List Tab Only
Gold SAFINA A.S. Czechia Conformant
Gold Sai Refinery India Smelter Look-up List Tab Only
Gold Samduck Precious Metals Korea, Republic of Smelter Look-up List Tab Only
Gold SAMWON METALS Corp. Korea, Republic of Smelter Look-up List Tab Only
Gold SEMPSA Joyeria Plateria S.A. Spain Conformant
Gold Shandong Gold Smelting Co., Ltd. China Conformant
Gold Shandong Humon Smelting Co., Ltd. China Smelter Look-up List Tab Only
Gold Shandong Tiancheng Biological Gold Industrial Co., Ltd. China Smelter Look-up List Tab Only
Gold Shandong Zhaojin Gold & Silver Refinery Co., Ltd. China Conformant
Gold Shenzhen CuiLu Gold Co., Ltd. China Smelter Look-up List Tab Only
Gold Shenzhen Zhonghenglong Real Industry Co., Ltd. China Smelter Look-up List Tab Only
Tungsten Shinwon Tungsten (Fujian Shanghang) Co., Ltd. China Conformant
Gold Shirpur Gold Refinery Ltd. India Smelter Look-up List Tab Only
Gold Sichuan Tianze Precious Metals Co., Ltd. China Conformant
Gold Singway Technology Co., Ltd. Taiwan, Province of China Smelter Look-up List Tab Only
Gold SOE Shyolkovsky Factory of Secondary Precious Metals Russian Federation Smelter Look-up List Tab Only
Gold Solar Applied Materials Technology Corp. Taiwan, Province of China Conformant

 

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Tantalum Solikamsk Magnesium Works OAO Russian Federation Smelter Look-up List Tab Only
Gold Sovereign Metals India Smelter Look-up List Tab Only
Gold State Research Institute Center for Physical Sciences and Technology Lithuania Smelter Look-up List Tab Only
Gold Sudan Gold Refinery Sudan Smelter Look-up List Tab Only
Gold Sumitomo Metal Mining Co., Ltd. Japan Conformant
Gold SungEel HiMetal Co., Ltd. Korea, Republic of Conformant
Gold Super Dragon Technology Co., Ltd. Taiwan, Province of China Smelter Look-up List Tab Only
Tin Super Ligas Brazil Conformant
Gold T.C.A S.p.A Italy Conformant
Tin Takehara PVD Materials Plant / PVD Materials Division of MITSUI MINING & SMELTING CO., LTD. Japan Conformant
Tantalum Taki Chemical Co., Ltd. Japan Conformant
Gold Tanaka Kikinzoku Kogyo K.K. Japan Conformant
Tantalum TANIOBIS Co., Ltd. Thailand Conformant
Tantalum TANIOBIS GmbH Germany Conformant
Tantalum TANIOBIS Japan Co., Ltd. Japan Conformant
Tantalum TANIOBIS Smelting GmbH & Co. KG Germany Conformant
Tungsten TANIOBIS Smelting GmbH & Co. KG Germany Conformant
Tantalum Telex Metals United States of America Conformant
Tin Thaisarco Thailand Conformant
Tin Tin Smelting Branch of Yunnan Tin Co., Ltd. China Conformant
Tin Tin Technology & Refining United States of America Conformant
Gold Tokuriki Honten Co., Ltd. Japan Conformant
Gold Tongling Nonferrous Metals Group Co., Ltd. China Smelter Look-up List Tab Only
Gold TOO Tau-Ken-Altyn Kazakhstan Conformant
Gold Torecom Korea, Republic Of Smelter Look-up List Tab Only
Tungsten Tungsten Vietnam Joint Stock Company Viet Nam Conformant
Tin Tuyen Quang Non-Ferrous Metals Joint Stock Company Viet Nam Smelter Look-up List Tab Only

 

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Tantalum Ulba Metallurgical Plant JSC Kazakhstan Conformant
Gold Umicore Precious Metals Thailand Thailand Smelter Look-up List Tab Only
Gold Umicore S.A. Business Unit Precious Metals Refining Belgium Conformant
Tungsten Unecha Refractory Metals Plant Russian Federation Smelter Look-up List Tab Only
Gold United Precious Metal Refining, Inc. United States of America Conformant
Gold Valcambi S.A. Switzerland Conformant
Tin VQB Mineral and Trading Group JSC Viet Nam Smelter Look-up List Tab Only
Gold WEEEREFINING France Conformant
Gold Western Australian Mint (T/a The Perth Mint) Australia Conformant
Tin White Solder Metalurgia e Mineracao Ltda. Brazil Conformant
Gold WIELAND Edelmetalle GmbH Germany Conformant
Tungsten Wolfram Bergbau und Hutten AG Austria Conformant
Tin Woodcross Smelting Company Limited Uganda Conformant
Tungsten Xiamen Tungsten (H.C.) Co., Ltd. China Conformant
Tungsten Xiamen Tungsten Co., Ltd. China Conformant
Tantalum XIMEI RESOURCES (GUANGDONG) LIMITED China Conformant
Tantalum XinXing Haorong Electronic Material Co., Ltd. China Conformant
Gold Yamakin Co., Ltd. Japan Conformant
Tantalum Yanling Jincheng Tantalum & Niobium Co., Ltd. China Conformant
Gold Yokohama Metal Co., Ltd. Japan Conformant
Tungsten YUDU ANSHENG TUNGSTEN CO., LTD. China Smelter Look-up List Tab Only
Tin Yunnan Chengfeng Non-ferrous Metals Co., Ltd. China Conformant
Gold Yunnan Copper Industry Co., Ltd. China Smelter Look-up List Tab Only
Tin Yunnan Yunfan Non-ferrous Metals Co., Ltd. China Conformant
Gold Zhongyuan Gold Smelter of Zhongjin Gold Corporation China Conformant
Gold Zijin Mining Group Gold Smelting Co. Ltd. China Conformant

 

a.Conformant” means that a SOR has successfully completed an assessment against the applicable Responsible Minerals Assurance Process (“RMAP”) standard or an equivalent cross-recognized assessment. Included SORs were not necessarily Conformant for all or part of 2024 and may not continue to be Conformant for any future period.

 

b.“Active” means that the SOR is currently engaged in the RMAP but a conformance determination has yet to be made.

 

c.“Smelter Look-up List Tab Only” means that a SOR is listed on the Smelter Look-up list tab of the CMRT, but is not listed as “Conformant” or “Active.” The RMI website notes that, due to the eligibility criteria for an RMAP assessment, SORs are sometimes removed from the Conformant list because they are no longer operational and not because they are non-conformant to the standard.

 

d.SOR status reflected in the table is based solely on information made publicly available by the RMI, without independent verification by Maxeon.

 

e.Country location is the location of the SOR and is based solely on information made publicly available by the RMI, without independent verification by Maxeon.

 

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Country of Origin Information

 

Maxeon has endeavored to determine the mine or location of origin of the necessary 3TG contained in its in-scope products by requiring that the Suppliers provide it with completed CMRTs and through the other measures described in this Conflict Minerals Report. Where a SOR has been identified that is not Conformant, Maxeon or the Service Provider also has reviewed public information, to the extent available, to try to determine the mine or location of origin of the 3TG processed by the SOR.

 

According to the Service Provider, the countries of origin of the 3TG processed by SORs listed above may have included countries listed below (as well as possibly other countries).

 

Angola* Ecuador Madagascar Singapore
Argentina Egypt Malaysia Slovakia
Armenia Estonia Mali South Africa
Australia Ethiopia Mexico Spain
Austria Finland Mongolia Suriname
Belgium France Morocco Sweden
Belgium Germany Mozambique Switzerland
Bermuda Ghana Myanmar Tajikistan
Bolivia Guinea Namibia Tanzania*
Brazil Guyana Netherlands Thailand
Burundi* Hungary New Zealand Turkey
Cambodia India Niger Uganda*
Canada Indonesia Nigeria United Arab Emirates
Central African Republic* Ireland Papua New Guinea United Kingdom
Chile Israel Peru United States of America
China Japan Philippines Uzbekistan
Colombia Kazakhstan Poland Vietnam
Congo, Democratic Republic of the* Kenya Portugal Zambia*
Congo, Republic of the* Luxembourg Sierra Leone  
Cote D’Ivoire Korea, Republic of Russia Zimbabwe
Czechia Kyrgyzstan Rwanda*  
Djibouti Laos Saudi Arabia  

 

*Represents a Covered Country.

 

The 3TG processed by the identified SORs also may have originated in whole or in part from recycled or scrap sources.

 

Due Diligence Improvement Measures

 

Maxeon intends to further improve its due diligence measures for 2025 in order to mitigate the risk that the necessary 3TG in its in-scope products benefit armed groups by taking the following steps, among others:

 

a.Continue to alert suppliers when Maxeon obtains information that a 3TG SOR is believed to be irresponsibly sourcing 3TG

 

b.Request that suppliers who have identified non-Conformant or high-risk SORs require their upstream suppliers to find alternative sources of 3TG or require certification of the SORs in their supply chains.

 

c.Review our 3TG compliance program for potential additional enhancements, in particular ways to enhance supplier engagement.

 

The foregoing steps are in addition to the other steps that Maxeon took for 2024 described earlier in this Conflict Minerals Report.

 

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