Skyworth Group Limited released its monthly progress report on 17 August 2026 regarding four inter-related corporate actions:

1) a pre-conditional share buy-back via a scheme of arrangement under Section 99 of the Bermuda Companies Act that would result in the company’s delisting; 2) a proposed distribution in specie of the Skyworth Photovoltaic shares currently held by Skyworth Group; 3) a special deal concerning the rollover arrangement; and 4) the consequent withdrawal of Skyworth Group’s listing from the Hong Kong Stock Exchange.

Key developments

• Pre-condition (a) – approval by Skyworth Photovoltaic shareholders of both the share distribution and the subsidiary’s A-share listing – was fulfilled earlier, as previously disclosed on 18 June 2026.

• Pre-condition (b) – receipt of (i) a filing notice from the China Securities Regulatory Commission (CSRC), (ii) approval-in-principle from the Stock Exchange of Hong Kong, and (iii) any other required regulatory clearances for Skyworth Photovoltaic’s listing – remains outstanding. Skyworth Photovoltaic and its advisers are still preparing the requisite application and filing materials.

Next steps and cautionary statement

The proposal can only proceed once all pre-conditions and scheme conditions— including approval of the rollover arrangement under Rule 25 of the Hong Kong Takeovers Code—are satisfied or duly waived. Accordingly, the share buy-back scheme and the delisting may or may not become effective. Shareholders and potential investors are advised to exercise caution when dealing in Skyworth Group securities.

The board will issue further announcements to update shareholders on any material progress regarding the proposal, the scheme document despatch timetable, and the status of regulatory approvals, in accordance with Hong Kong Listing Rules and the Takeovers Code.