Skyworth Group Limited (the “Company”) released an update regarding its previously announced proposal to effect a share buy-back by way of a scheme of arrangement under Section 99 of the Companies Act, alongside distributing shares of Skyworth Photovoltaic and withdrawing its own listing. According to the Company, additional time is required to fulfill certain pre-conditions (“Pre-Conditions”) before despatching the relevant scheme document.

The initial deadline for issuing this document was 24 February 2026; however, the Company applied for, and received, consent to extend the deadline to the earlier of seven days after all Pre-Conditions are met or 7 January 2027. The Pre-Conditions for the proposed transaction involve necessary approvals from Skyworth Photovoltaic’s shareholders regarding the distribution and listing of Skyworth Photovoltaic, as well as further progress in submitting the listing application and related filings.

As of the date of the announcement, all Pre-Conditions remain outstanding. The Company confirms it has been working to fulfill them as soon as possible. The share buy-back and the resultant scheme’s effectiveness depend on satisfying or waiving applicable conditions, including relevant regulatory approvals. It remains uncertain whether the proposal will ultimately proceed, and stakeholders are urged to exercise caution in dealings involving the Company’s securities.