Skyworth Group Limited — Capital/Financing Update 2021

Dec 31, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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SKYWORTH GROUP LIMITED 創 維 集 團 有 限 公 司

(Incorporated in Bermuda with limited liability) (Stock Code: 00751)

VOLUNTARY ANNOUNCEMENT UPDATE ON THE PROGRESS OF THE PROPOSED SPIN-OFF AND SEPARATE LISTING OF SKYWORTH ELECTRIC CO., LTD.

References are made to the announcements of Skyworth Group Limited (the “ Company ”) dated 16 July 2021 and 23 August 2021 (the “ Announcements ”) in relation to, among other things, the proposed spin-off and separate listing of the business of Skyworth Electric Co., Ltd.* (創維電器股 份有限公司), an indirect non-wholly owned subsidiary of the Company (“ Skyworth Electric ”) on the ChiNext Board of the People’s Republic of China Shenzhen Stock Exchange (“ SZSE ”). Unless otherwise stated, capitalised terms have the same meanings as ascribed to them in the Announcements.

SUBMISSION OF LISTING APPLICATION

The board of directors of the Company is pleased to announce that Skyworth Electronic submitted the application for the proposed separate listing of the A-shares on the ChiNext Board of SZSE (the “ Proposed A-Share Listing ”) and received the notice of acceptance of such listing application from the ChiNext Board of SZSE on Friday, 31 December 2021. The proposed spin-off is subject to, among other things, approval from the CSRC and other authorities in relation to the Proposed A-Share Listing.

The Company will comply with the applicable requirements under the Listing Rules and make further announcement(s) as and when appropriate.

Shareholders and potential investors should note that the proposed spin-off is subject to, among other things, the prevailing market conditions and approvals from relevant authorities, including the CSRC. Shareholders and potential investors of the Company should exercise caution in dealing in the securities of the Company.

By order of the Board Skyworth Group Limited Lai Weide Chairman of the Board

Hong Kong, 31 December 2021

As at the date of this announcement, the Board of the Company comprises Mr. Lai Weide as the Chairman of the Board; Mr. Liu Tangzhi as executive Director and the chief executive officer; Ms. Lin Wei Ping, Mr. Shi Chi, Mr. Lin Jin and Mr. Lam Shing Choi, Eric as executive Directors; and Mr. Li Weibin, Mr. Cheong Ying Chew, Henry and Mr. Hung Ka Hai, Clement as independent non-executive Directors.

* For identification purposes only