PN

NINGBO, China, Aug. 04, 2026 (GLOBE NEWSWIRE) -- PN Smart Energy Limited (“PN Smart” or the “Company”) (NASDAQ: PN), a global independent power producer (IPP) focused on the development of clean power stations, critical energy materials, and intelligent energy infrastructure, announced its financial results for the six months ended March 31, 2026. Financial Highlights Total revenue increased 5.5% YoY to approximately $25.5 million for the six months ended March 31, 2026, compared to approximately $24.2 million in the prior-year period. International revenue surged 44.6% YoY to approximately $10.8 million, up from approximately $7.5 million, driven by global network expansion and new production capacity. Total assets grew 29.5% to approximately $58.9 million as of March 31, 2026 from approximately $45.5 million as of September 30, 2025. Shareholders' equity also increased 47.7% to approximately $33.2 million from approximately $22.5 million. Cash and equivalents were approximately $4.9 million as of March 31, 2026. Working capital maintained positive at approximately $11.6 million. Operational Highlights The newly launched PV power station operation in August 2025 and international freight & logistics business launched in April 2025 generated approximately $1.4 million in incremental revenue during the reporting period. PN Smart increased ownership in Nanjing Cesun Power Co., Ltd. to 44%. The seller provided an unconditional 5-year cumulative audited net profit guarantee of at least approximately $10.0 million, backed by cash shortfall settlement and a 5-year lock-up on consideration shares. Research and development expenses rose 199.8% YoY to approximately $1.1 million. The Company held 58 patents as of the press release date. Management Commentary Mr. Weiqi Huang, Chairman and CEO of the Company, commented: “Fiscal 2026 represents a pivotal transformation for PN Smart as we strategically evolve from a solar component manufacturer into a fully integrated independent power producer (IPP) and clean-energy solutions provider. Despite significant industry headwinds, including intense pricing competition and elevated raw material costs, we delivered resilient top-line growth of 5.5% and expanded our overseas sales by nearly 45%.” “It is important for our shareholders to understand the context of our reported net loss this period. Of the $7.1 million net loss, $5.6 million, or approximately 78%, was a one-time, non-cash share-based compensation charge related to immediately vested equity awards. This was a strategic investment to align our core team for the next phase of our growth, and it had zero impact on our cash position or working capital. On a cash and operating basis, our business remains highly resilient, supported by a balance sheet that is significantly stronger than a year ago.” “Looking ahead, the successful launch of our PV power station operations and our strategic investment in Nanjing Cesun Power mark critical milestones in our IPP transition. Backed by an unconditional $10.0 million profit guarantee from the seller of Nanjing Cesun, these investments lay the foundation for higher-quality, recurring revenue. We are aggressively building a vertically integrated platform positioned to power the future of global clean energy and intelligent infrastructure.” Selected Semi-Annual Financial Results Revenues Total revenues for the six months ended March 31, 2026 increased by 5.47% to approximately $25.5 million, compared to approximately $24.2 million during the same period in 2025. This overall increase was primarily driven by a 5.05% growth in solar PV product sales, which rose by approximately $1.2 million to reach approximately $24.1 million. Solar PV sales remained the core of the business and the segment's consistent growth was fueled by expanding global demand for solar cables, declining battery costs that accelerated energy storage returns, and supportive international policies. The revenue growth in solar products was partially offset by a complete cessation of High-Performance Computing (HPC) product sales, which dropped to $0 for the current period. This reflects a strategic pivot initiated in the fiscal year ended September 30, 2023, to scale down HPC operations amid global computing challenges and reduced market demand. Conversely, the Company's overall revenue was bolstered by an incremental approximately $1.4 million from new ventures launched in 2025, specifically freight transportation through the newly established Ningbo Zhuoxing Logistics Co., Limited in April 2025 and a power plant operations business initiated in August 2025. Cost of revenues Cost of revenues primarily includes the manufacturing and purchase costs of servers, photovoltaic (PV) cables, and connectors, alongside depreciation, maintenance, and other overhead expenses. Our cost of revenue for solar PV products increased by 8.39%, or approximately $1.7 million for the six months ended March 31, 2026. This rise outpaced the segment's corresponding 5.05% revenue growth primarily due to higher copper prices. Additionally, the cost of revenues for the Company's newly launched business segments totaled approximately $1.2 million. These costs correspond directly to the recent expansion into logistics and power plant operations, consisting mainly of logistics agency expenses and depreciation on power station equipment. Gross profit and margin Gross profit for the six months ended March 31, 2026, was approximately $3.0 million, a decline from approximately $3.7 million during the same period in 2025, representing 11.6% and 15.32% of revenues, respectively. This decline in gross margin was primarily driven by intense competition within the solar industry, which created significant pricing pressure and forced the company to reduce its unit selling prices. Additionally, a sharp increase in the cost of copper, a critical raw material, compounded these challenges and further squeezed overall margin levels during the current period. Selling and marketing expenses Selling and marketing expenses, which primarily consist of salaries, office, and freight costs, increased by 13.85%, or approximately $0.1 million to approximately $1.1 million for the six months ended March 31, 2026, compared to approximately $1.0 million in 2025. This rise was largely driven by higher international shipping costs tied to a 44.62% growth in overseas sales, which reached approximately $10.8 million up from approximately $7.5 million in the prior year. This robust overseas expansion reflects the Company's successful strategic shift toward solar PV products, which now account for the majority of international sales. General and administrative expenses General and administrative expenses, which include salaries, rent, depreciation, and bad debt provisions, surged by 321.49%, or approximately $5.9 million to approximately $7.8 million. This increase was predominantly caused by an approximately $5.6 million non-cash share-based compensation charge for immediately vested equity incentive awards granted to employees. Excluding this specific non-cash charge, standard general and administrative costs rose by a more modest 19.2% over the prior-year period. Research and development expenses Research and development expenses increased by 199.83%, or approximately $0.8 million to approximately $1.1 million, compared to approximately $0.4 million in 2025. These expenses cover materials, salaries, and efforts to improve solar PV products. The substantial growth in the current period was fueled by the launch of several new R&D initiatives, most notably the development of advanced photovoltaic conductor winding devices designed to prevent wire tangling and crimping. Income tax expense Under the PRC Enterprise Income Tax (EIT) Law, effective January 1, 2008, Chinese resident enterprises are subject to a uniform 25% tax rate. For the six months ended March 31, 2026, the Company recorded an income tax benefit of $52,878, compared to an income tax expense of approximately $0.2 million during the same period in 2025. This shift resulted directly from a pre-tax loss of approximately $7.2 million in the 2026 period. This substantial loss increased the Company's deferred tax assets and caused a corresponding reversal of deferred tax expenses, ultimately generating the net tax benefit. Net income (loss) As a result of the foregoing, net (loss)/income for the six months ended March 31, 2026 and 2025 were approximately $(7.1) million and approximately $0.4 million, respectively, representing a decrease of approximately $7.5 million. About PN Smart Energy Limited PN Smart Energy Limited is an emerging independent power producer and clean energy infrastructure company. While the Company’s current revenue is anchored in solar equipment, manufacturing-including solar cables, inverters, and energy storage distribution, it is strategically transitioning toward power generation assets. The Company develops and operates solar and wind power plants as an IPP, with the long-term goal of becoming a vertically integrated smart energy company that powers the future through clean energy. For more information, please visit the Company's investor relations website at https://ir.pnsmartenergy.com/. Forward-looking Statements This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For more information, please contact:PN Smart Energy LimitedCathy LiInvestor RelationsEmail: [email protected]: +1 574 575 7170 WFS Investor Relations Inc.Connie KangPartnerEmail: [email protected]: +1 628 283 9214 PN SMART ENERGY LTD. UNAUDITED CONSOLIDATED BALANCE SHEETS EXPRESS IN U.S. DOLLARS, EXCEPT FOR SHARE AND PER SHARE DATA, OR OTHERWISE NOTED PN SMART ENERGY LTD. UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME FOR THE SIX MONTHS ENDED MARCH 31, 2026, AND 2025 EXPRESS IN U.S. DOLLARS, EXCEPT FOR SHARE AND PER SHARE DATA, OR OTHERWISE NOTED PN SMART ENERGY LTD. UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED MARCH 31, 2026, AND 2025 EXPRESS IN U.S. DOLLARS, EXCEPT FOR SHARE AND PER SHARE DATA, OR OTHERWISE NOTED *These financial statements are as of March 31, 2026. The Company effected a reverse share split with an exchange ratio of one new share for every twenty old shares on April 13, 2026. All share quantities and per-share data presented in the financial statements have been retroactively restated to reflect the impact of the reverse split.

NINGBO, China, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Skycorp Solar Group Limited (the “Company”) (NASDAQ: PN), a solar PV product provider engaged in the manufacture and sale of solar cables and solar connectors, today reported its financial results for the fiscal year 2025, ended September 30, 2025. Financial Highlights for Fiscal Year 2025 Revenue increased 26.97% year over year, to approximately $63.31 million in fiscal 2025 from approximately $49.86 million in the same period of last year. The increase reflects strong execution of the Company’s solar‑focused strategy. Total assets rose from approximately $31.95 million to approximately $45.49 million, an absolute increase of approximately $13.54 million, representing an increase of approximately 42.39% year‑over‑year. Solar PV revenue grew 32.61%, accounting for over 97% of total revenue. Overseas revenue increased 140.82%, driven by expanding international demand for solar PV products. Material increase in cash and cash equivalents to approximately $9.34 million in fiscal 2025 from $5.17 million in fiscal 2024 not only secures the Company’s operational needs for the next 12 months but also serves as evidence of robust operating performance over the past year, improving short‑term liquidity and financial flexibility. Strategic expansion – progress made in expanding participation across the renewable energy value chain through selective investments and energy asset initiatives. Mr. Weiqi Huang, Chairman and CEO of the Company, commented: “Fiscal year 2025 represented a year of solid execution and strategic progress for Skycorp. We delivered strong revenue growth, driven primarily by continued expansion in our solar PV product business, which now accounts for over 97% of total revenue. Growth was supported by rising global demand for photovoltaic cables and connectors, as well as a significant increase in overseas sales, reflecting the success of our international market expansion efforts.” “Throughout the year, we optimized our business by focusing resources on our core PV cable operations and related extensions. We see strong long-term prospects in global C&I distributed PV plant investment, integrated equipment and service solutions, and AI-enabled energy management—all aligned with the energy transition. Despite competitive pressures affecting pricing and margins, we continue to scale operations, deepen customer relationships, and invest in capabilities to become a full-scope clean energy solutions provider.” “Recent industry developments, including the global focus on advanced PV technologies and China's central role in solar manufacturing, reinforce the need for continuous innovation and scale. We are expanding from our PV cable manufacturing base into C&I distributed PV plant investment and operation, building an integrated one-stop service ecosystem covering equipment, installation, and O&M, and exploring AI-driven smart energy management to enhance plant efficiency and asset value. Through selective investments, such as our planned stake in Nanjing Cesun Power, we are deepening our participation across the renewable energy value chain while improving capital efficiency and global operational flexibility.” “Moving into 2026, we remain focused on growing our core PV cable business while building integrated energy infrastructure capabilities covering generation, transmission, and consumption. We are strengthening our position in global C&I distributed PV plant investment, one-stop plant services, and AI smart energy management. Through efficient execution, global reach, and disciplined investment, we aim to become a foundational player in the global clean energy sector.” Financial Results for Fiscal Year 2025 Revenue Total revenue increased to approximately $63.31 million, up 26.97% for the fiscal year ended September 30, 2025, from approximately $49.86 million in fiscal 2024. The increase was primarily driven by continued growth in solar PV product sales, partially offset by a decline in HPC product sales. Revenue from solar PV products rose to approximately $61.65 million, an increase of 32.61% from approximately $46.49 million in the prior year, accounting for 97.37% of total revenue, compared with 93.23% in fiscal 2024. Growth was supported by expanding global photovoltaic demand, improving economics of energy storage systems, and favorable government policies. Revenue from HPC products declined to approximately $1.28 million, down 62.14% from approximately $3.38 million in fiscal 2024, reflecting the Company’s strategic shift away from HPC products amid softening market demand. Cost of Revenues Cost of revenues increased to approximately $57.01 million in fiscal 2025, primarily due to higher sales volumes of solar PV products. Cost of revenues related to solar PV products rose 37.59% to approximately $55.50 million, broadly in line with revenue growth. Cost of revenues for HPC products declined 61.17% to approximately $1.28 million, consistent with lower sales volumes. Gross Profit and Gross Margin Gross profit was approximately $6.30 million in fiscal 2025, compared with approximately $6.53 million in fiscal 2024. Gross margin declined to 9.95% from 13.10%, primarily due to pricing pressure and increased competition in the solar PV market. Operating Expenses Selling and marketing expenses increased to approximately $2.34 million, up 29.35%, driven mainly by higher international shipping costs associated with overseas sales growth. Overseas revenue increased 140.82% to approximately $24.00 million, reflecting the Company’s increased focus on solar PV products. General and administrative expenses rose to approximately $4.82 million, compared with approximately $1.73 million in the prior year, primarily due to higher professional fees related to compliance activities and increased facility rental costs following capacity expansion. Research and development expenses decreased 10.32% to approximately $1.68 million, reflecting lower staffing needs as several projects near completion. Net Income (Loss) The Company recorded a net loss of approximately $2.21 million for fiscal 2025, compared with net income of approximately $1.17 million in fiscal 2024, primarily due to margin compression and higher operating expenses. Liquidity As of September 30, 2025, the Company had cash and cash equivalents of approximately $9.34 million and working capital of approximately $5.17 million, compared to cash and cash equivalents of approximately $5.17 million and working capital of approximately $12.67 million as of September 30, 2024. The Company believes its current cash position and cash flows from operations will be sufficient to meet working capital needs for the next 12 months. About Skycorp Solar Group Limited Skycorp Solar Group Limited is a solar photovoltaic (PV) product provider focused on manufacturing and selling solar cables and connectors. Our operations are managed through our subsidiaries, including Ningbo Skycorp Solar Co., Ltd., in China. The Company’s mission is to become a green energy solutions provider by utilizing solar power and delivering eco-friendly solar PV products. By leveraging the Company’s expertise in solar technologies and relationships with worldwide clients, it aims to expand offerings of solar PV products and energy solutions for enterprise customers. For more information, please visit: https://ir.pnrenewables.com/. Forward-Looking Statement This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For more information, please contact: Skycorp Solar Group Limited Cathy Li Investor Relations Email: [email protected] Tel: +86 185 0252 9641 (CN) WFS Investor Relations Inc. Connie Kang Partner Email: [email protected] Tel: +86 1381 185 7742 (CN)

Ningbo, China, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Skycorp Solar Group Limited (“Skycorp” or the “Company”) (NASDAQ: PN), a solar PV product provider engaged in the manufacture and sale of solar cables and solar connectors, today announced the results of an extraordinary general meeting (the “EGM”) held at Room 303, Block B, No.188 Jinghua Road, Yinzhou District, Ningbo City, Zhejiang Province, China 315048 on October 10, 2025 at 10:00 a.m., Beijing/Hong Kong Time. At the EGM, shareholders of the Company passed the following resolution: About Skycorp Solar Group Limited Skycorp Solar Group Limited is a solar photovoltaic (PV) product provider focused on manufacturing and selling solar cables and connectors. Our operations are managed through our subsidiaries, including Ningbo Skycorp Solar Co., Ltd., in China. The Company’s mission is to become a green energy solutions provider by utilizing solar power and delivering eco-friendly solar PV products. By leveraging the Company’s expertise in solar technologies and relationships with worldwide clients, it aims to expand offerings of solar PV products and energy solutions for enterprise customers. For more information, please visit: https://ir.skycorp.com/. Forward-looking Statements This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For more information, please contact: Skycorp Solar Group Limited Cathy Li Investor Relations Email: [email protected] Tel: +86 185 0252 9641 (CN) WFS Investor Relations Inc. Connie Kang Partner Email: [email protected] Tel: +86 1381 185 7742 (CN)

NINGBO, China, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Skycorp Solar Group Limited (the “Company”) (NASDAQ: PN), a solar PV product provider engaged in the manufacture and sale of solar cables and solar connectors, announced its financial results for the six months ended March 31, 2025. Financial Highlights Revenues were $24,176,271 for the six months ended March 31, 2025 compared with $22,483,601 for the six months ended March 31, 2024, representing an increase of 7.53%, primarily driven by solar PV product sales. Gross profit was $3,703,925 for the six months ended March 31, 2025 compared with $3,395,547 for the six months ended March 31, 2024, representing 15.32% and 15.10% of revenue, respectively. Selling and marketing expense increased by 23.15% to 973,207 for the six months ended March 31, 2025 from $790,232 for the six months ended March 31, 2024, as a result of our continues effort in expanding our business. Net income was $391,967 for the six months ended March 31, 2025, representing a decrease of 39.09% from $643,498 for the six months ended March 31, 2024. Mr. Weiqi Huang, Chairman and CEO of the Company, commented: “We’re encouraged by strong top-line growth and improved gross profit in the first half, reflecting both market enthusiasm for our solar products and our team’s outstanding execution.” “Our bottom-line results were shaped by accelerated investments in strategic initiatives. We significantly increased sales and marketing spend to expand into new markets, with a focus on enhancing overseas logistics and delivery. Additionally, we scaled our operational infrastructure to support sustained growth.” “These investments are critical to building a stronger, more diversified, and market-leading company. While they affect short-term profitability, we’re confident they will deliver long-term value to shareholders and customers.” Semi-annual Financial Results as of March 31, 2025 Revenues Our revenue for the six months ended March 31, 2025 and 2024 was $24,176,271 and $22,483,601, respectively. The $1,692,670, or 7.53% increase in revenue mainly resulted from the $ 2,746,959, or 13.62% increase in solar PV products sales though offset by $1,054,289, or 45.53% decrease in HPC products sales. The booming global photovoltaic market, coupled with the shortage of electricity in many countries, has led to a huge growth in our PV product revenue for the six months ended March 31, 2025. The significant decrease in HPC product revenue was due to the global economic slowdown, and our relatively conservative investment in HPC for the six months ended March 31, 2025. Cost of revenues Cost of revenues consists primarily of manufacturing and purchase cost of servers, photovoltaic cable, and photovoltaic connectors etc., depreciation, maintenance, and other overhead expenses. Our cost of revenue for solar PV products increased by $2,568,852, or15.01%, to $19,683,435 for the six months ended March 31, 2025 from $17,114,583 for the six months ended March 31, 2024. The percentage increase in cost of revenue was consistent with the 13.62% increase in solar PV products sales revenue. Our cost of revenue for HPC products sales decreased by $1,184,560, or 60.02%, to $788,911 for the six months ended March 31, 2025 from $1,973,471 for the six months ended March 31, 2024. The percentage decrease in cost of revenue was consistent with the 45.53% decrease in HPC products sales revenue. Gross profit and margin Gross profit for the six months ended March 31, 2025 and 2024 was $3,703,925 and $3,395,547, representing 15.32% and 15.10% of revenue, respectively. The increase from 15.10% to 15.32% in gross margin for the six months ended March 31, 2025 was due to the increase of 13.62% in solar PV products sales. Selling and marketing expenses Our selling and marketing expenses primarily consist of salaries and benefits, office expense, and freight expense. Our selling and marketing expenses were $973,207 and $790,232 for the six months ended March 31, 2025 and 2024, respectively. The selling and marketing increased by $182,975, or 23.15%, primarily due to increase transport expense for the six months ended March 31, 2025. General and administrative expenses Our general and administrative expenses consist primarily of salaries and welfare expenses, rent expense, depreciation and bad debt provision. Our general and administrative expenses were $1,850,399 and $1,198,885 for the six months ended March 31, 2025 and 2024 respectively, representing a increased of $651,514, or 54.34%, primarily due to increased service fees and consultant fee for the six months ended March 31, 2025. Research and development expenses Research and development expenses are related to improvement expenses for solar PV products. Research and development expenses primarily consist of employee salaries and benefit costs. Research and development expenses were $376,000 and $828,848 for the six months ended March 31, 2025 and 2024, respectively. Income tax expense The PRC EIT is calculated based on the taxable income determined under the applicable EIT Law and its implementation rules, which became effective on January 1, 2008. The EIT Law applies a uniform 25% income tax rate for all resident enterprises in China. Income tax expenses amounted to $181,987 and $143,875 for the six months ended March 31, 2025 and 2024, respectively. The change resulted from the change in our taxable income. Net income As a result of the foregoing, our net incomes for the six months ended March 31, 2025 and 2024 were $391,967 and $643,498, respectively, representing an decrease of $251,531, or 39.09%. About Skycorp Solar Group Limited Skycorp Solar Group Limited is a solar photovoltaic (PV) product provider focused on manufacturing and selling solar cables and connectors. Our operations are managed through our subsidiaries, including Ningbo Skycorp Solar Co., Ltd., in China. The Company’s mission is to become a green energy solutions provider by utilizing solar power and delivering eco-friendly solar PV products. By leveraging the Company’s expertise in solar technologies and relationships with worldwide clients, it aims to expand offerings of solar PV products and energy solutions for enterprise customers. For more information, please visit: https://ir.skycorp.com/. Forward-Looking Statements This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For more information, please contact: Skycorp Solar Group Limited Cathy Li Investor Relations Email: [email protected] Tel: +86 185 0252 9641 (CN) WFS Investor Relations Inc. Connie Kang Partner Email: [email protected] Tel: +86 1381 185 7742 (CN)