Ningbo, China, Dec. 04, 2025 — Skycorp Solar Group Limited (Nasdaq: PN) (the “Company”), a provider of solar PV products that manufactures and sells solar cables and connectors, today announced that its board of directors has authorized a Share Repurchase Programme (the “Programme”). Under this Programme, the Company intends to repurchase its ordinary shares for an aggregate amount not exceeding US$2,000,000. The Programme aims to improve the Company’s capital structure, boost earnings per share, and generate sustained value for its shareholders.
As of now, the Company has bought back a total of 60,000 shares, costing US$51,972. The Programme’s funding has come and will continue to come from the Company’s internal funds.
The Company plans to release regular updates on the Programme’s status through press releases. It retains the right to modify, halt, or conclude the Programme at its discretion, in compliance with relevant regulations and disclosure mandates.
“This Programme reflects our strong belief in Skycorp Solar’s inherent worth, the robustness of our business model, and our prospects for long-term expansion,” commented Mr. Huang, the Company’s Chairman and Chief Executive Officer. “Following the prior acquisition of Cesun Power Co. Ltd., we have been evolving from a dedicated solar manufacturer and distributor into a comprehensive solar enterprise that includes power project investment and development, AI-powered digital energy management, and manufacturing. We are confident that with the acceleration of AI-driven innovation in renewable energy and the ongoing global energy transition, coupled with our solid balance sheet and significant liquidity, we will be ideally positioned to more effectively blend technology, practical applications, and capital. This will allow us to pursue appealing organic growth initiatives and carefully considered strategic opportunities.”
The Programme has been implemented in compliance with relevant laws and regulations, alongside current market conditions. Its execution will continue to adhere to applicable securities laws and stock exchange regulations. The quantities, pricing, and timing of repurchases will be influenced by market factors such as share price and liquidity, in addition to the Company’s capital allocation strategies. All transactions completed will be reported as mandated by disclosure requirements.
About Skycorp Solar Group Limited
Skycorp Solar Group Limited operates as a solar photovoltaic (PV) product supplier, specializing in the production and distribution of solar cables and connectors. Our activities are conducted via our subsidiaries, which include Ningbo Skycorp Solar Co., Ltd., located in China.
The Company’s goal is to evolve into a green energy solutions provider by harnessing solar power and offering environmentally friendly solar PV products. By drawing on its proficiency in solar technologies and its connections with global clients, the Company seeks to broaden its range of solar PV products and energy solutions for business clients. For further details, please visit: .
Forward-Looking Statement
This press release incorporates forward-looking statements. These statements encompass plans, objectives, goals, strategies, anticipated events or future performance, along with underlying assumptions and other declarations that are not purely historical. The Company signifies it is making forward-looking statements when it employs terms like “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or comparable phrases that do not exclusively pertain to past events. Forward-looking statements do not assure future performance and carry risks and uncertainties that could cause actual outcomes to vary significantly from the Company’s expectations detailed in such statements. These declarations are subject to uncertainties and risks, including, but not limited to, factors outlined in the “Risk Factors” section of the registration statement submitted to the SEC. Consequently, investors are advised against placing undue reliance on any forward-looking statements contained herein. Further factors are elaborated in the Company’s SEC filings, accessible at www.sec.gov. The Company disclaims any obligation to publicly update these forward-looking statements to account for events or conditions occurring after this date.
For additional details, please reach out to:
Investor Relations
WFS Investor Relations Inc.
Connie Kang
Partner
Email:
Tel: +86 1381 185 7742 (CN)
