TPI Composites acquisitions, on the record

Word for word“In September 2023, we completed the sale of our Taicang, China facility, received proceeds of $12.8 million, and recorded a net gain on the sale of $0.4 million.” 10-K for 2023

Word for word“During the year ended December 31, 2023, we completed the sale of our Taicang, China operations and received net proceeds of $ 12.8 million, resulting in a net gain on the sale of $ 0.4 million.” 10-K for 2024

Word for word“We are exploring alternatives for the divestiture of our tooling business as part of our continued prioritization of capital for growth in the wind blade business.” 10-K for 2024

Word for word“Pursuant to the ECP Purchase Agreement, the ECP Seller Parties will sell and transfer to ECP Buyer (i) all of the equity interests of certain foreign indirect subsidiaries of the Company, and (ii) substantially all of the assets primarily related to the Company’s wind blade manufacturing business at facilities located in the U.S. and Mexico, other than the assets to be sold pursuant to the Vestas Sale Transaction (the “ECP Business”) in exchange for approximately $20.0 million in cash, subject to certain purchase price adjustments and the assumption of certain liabilities, each as set forth in the ECP Purchase Agreement (the “ECP Sale Transaction”).” 10-K for 2025

Word for word“On September 10, 2025, the Company completed the sale and transfer of its equity interests in the Turkish business on an “as-is” basis, whereby the purchaser acquired all assets and assumed all liabilities, including the debt obligations of the Turkish subsidiaries, recognizing a $10.3 million gain on sale of discontinued operations.” 10-K for 2025

Word for word“Vestas Transaction On March 4, 2026, following a competitive marketing process to sell all or part of the Debtors’ asset pursuant to section 363 of the Bankruptcy Code, the Company and certain of its direct and indirect subsidiaries (collectively, the “Sellers”), entered into various agreements with Vestas Wind Systems A/S and certain of its subsidiaries (collectively, “Vestas”), pursuant to which the Company will sell and transfer its manufacturing business in Chennai, India for a purchase price of approximately $10.0 million, and its manufacturing business in Matamoros, Mexico for a purchase price of approximately $14.0 million (collectively, the “Vestas Sale Transactions”).” 10-K for 2025