- **Skycorp Solar Group Limited (NASDAQ: PN)** announced on **October 14, 2025**, its agreement to acquire a **24.0% equity interest** in **Nanjing Cesun Power Co., Ltd.**, a company focused on new energy power plants and inverter technologies.  **[2001288_0001213900-25-098700_ea026113701ex99-1_skycorp.htm:0]** 
- The total consideration for this acquisition is approximately **US$8.7 million**.  **[2001288_0001213900-25-098700_ea026113701ex99-1_skycorp.htm:0]** 
- The purchase will be satisfied through the **issuance of 12,000,000 Class B ordinary shares** of Skycorp to Skyline Tech Limited, the seller.  **[2001288_0001213900-25-098700_ea026113701ex99-1_skycorp.htm:0]** 
- The newly issued shares will be subject to a **five-year lock-up period**, and the transaction is expected to close on or before **December 20, 2025**.  **[2001288_0001213900-25-098700_ea026113701ex99-1_skycorp.htm:0]**

Skycorp Solar Group to Acquire Equity Interest in Nanjing Cesun Power Co.

- Skycorp Solar Group Limited (Nasdaq: PN) announced it will hold an **Extraordinary General Meeting (EGM)** on **October 10, 2025**, at 10:00 a.m. Beijing/Hong Kong Time.  **[2001288_0001213900-25-088545_ea025769901ex99-1_skycorp.htm:0]** **[2001288_0001213900-25-088545_ea025769901ex99-2_skycorp.htm:0]** 
- Shareholders of record as of **September 15, 2025**, Eastern Time, are eligible to vote at the EGM.  **[2001288_0001213900-25-088545_ea025769901ex99-1_skycorp.htm:0]** **[2001288_0001213900-25-088545_ea025769901ex99-2_skycorp.htm:0]** 
- The EGM will consider a proposal for a **share consolidation**, which would consolidate each **100 Shares** (or a lesser whole share amount, not less than 10) into **1 Share**.  **[2001288_0001213900-25-088545_ea025769901ex99-2_skycorp.htm:0]** **[2001288_0001213900-25-088545_ea025769901ex99-3_skycorp.htm:1]** 
- Other proposals include adopting an amended memorandum and articles of association to reflect the share consolidation and a resolution for adjournment if necessary.  **[2001288_0001213900-25-088545_ea025769901ex99-2_skycorp.htm:0]** **[2001288_0001213900-25-088545_ea025769901ex99-3_skycorp.htm:2]**

Skycorp Solar Group (PN)