Slaughter and May is advising on the proposed privatisation of Skyworth Group Limited by way of a share buy-back scheme and the proposed listing by introduction of Shenzhen Skyworth Photovoltaic Technology Co., Ltd.

Slaughter and May, Hong Kong is advising CITIC Securities (as the exclusive financial adviser to Skyworth Group Limited (“Skyworth Group”)) on the proposed privatisation of Skyworth Group by way of a share buy-back scheme with cash and share alternatives. Skyworth Group will also distribute all its shares in its subsidiary, Shenzhen Skyworth Photovoltaic Technology Co., Ltd. (“Skyworth Photovoltaic”), to its shareholders. Skyworth Photovoltaic, whose photovoltaic business has become the primary driver of the group’s revenue and profit, will apply for a listing on the Main Board of the HKSE by way of introduction. The share buy-back scheme, the distribution and the listing by introduction are inter-conditional upon each other.

The transaction was announced on 20 January 2026 and remains subject to various pre-conditions and conditions. The maximum consideration payable under the scheme is approximately US$328 million.