Ningbo, China, Aug. 13, 2025 — Skycorp Solar Group Limited (“Skycorp” or the “Company”) (NASDAQ: PN), a provider specializing in solar PV products, specifically the manufacture and sale of solar cables and connectors, today unveiled two strategic initiatives operating under the guidance of its recently established Investment Committee: the activation of its Strategic Digital Asset Reserve Account (referred to as the “Account”) and the continued expansion of its renewable power generation portfolio. Both of these endeavors are central to the Company’s long-term growth blueprint, known as the “Pegasus Strategy.”

Digital Asset Treasury Strategy & Account Launch

The newly operational Account empowers Skycorp to begin the systematic acquisition of Bitcoin (BTC), Ethereum (ETH), and stablecoins as long-term strategic holdings. As an integral component of its capital allocation policy, the Company has adopted a disciplined investment approach within the blockchain economy.

On August 12, 2025, the Company executed its initial transaction within this framework, acquiring 32.76 ETH via an automated crypto trading bot. Over the long term, further ETH purchases are planned to diversify the treasury and position the Company to capitalize on opportunities within the digital asset sector. All transactions will adhere to stringent compliance, risk management, and regulatory disclosure protocols.

Expansion of Renewable Energy Initiatives

Concurrently, Skycorp has finalized a definitive agreement for the acquisition of 8,705KW solar power station assets, for a total consideration of approximately RMB30.5 million ($4.25 million). This transaction is anticipated to close by the end of November 2025. Upon completion, these assets will be integrated into the Company’s renewable energy operations, thereby fortifying its role in the green energy transition and contributing to global decarbonization objectives. The conclusion of the transaction remains subject to customary closing conditions.

Oversight by the Investment Committee

The Company’s Investment Committee, presided over by Mr. Weiqi Huang, Skycorp’s Chairman and CEO, will be responsible for overseeing both renewable energy acquisitions and digital asset investments. The Committee commits to providing quarterly updates through its earnings communications, ensuring transparency and accountability.

Introducing the Pegasus Strategy: Strong Body, Twin Wings

This dual-pronged expansion approach is termed by the Company as the “Pegasus Strategy.” In this concept, the ‘body’ represents Skycorp’s established manufacturing prowess in solar cables and connectors, while the ‘wings’ symbolize its two distinct growth engines.

“Manufacturing serves as Skycorp’s backbone, embodying its fundamental strength. Through lean production practices, technological innovation, and optimization of our supply chain, we continuously strengthen our manufacturing edge to secure a robust and sustainable foundation for the business,” Mr. Huang stated.

“The left wing, our investment in renewable power stations, is firmly rooted in clean energy. Here, Skycorp is deepening its expertise in developing and operating power stations to construct a green energy ecosystem that delivers lasting low-carbon value. The right wing, digital assets, signifies our forward-thinking engagement in the blockchain economy, involving investments in Ethereum, Bitcoin, and stablecoins under a compliant framework to seize the opportunities of the digital era.”

Concerning Skycorp Solar Group Limited

Skycorp Solar Group Limited is a solar photovoltaic (PV) product provider with a primary focus on the manufacturing and sale of solar cables and connectors. Our operations are managed through our various subsidiaries, including Ningbo Skycorp Solar Co., Ltd., located in China.

The Company’s mission is to evolve into a comprehensive green energy solutions provider by harnessing solar power and offering environmentally friendly solar PV products. By leveraging its specialized knowledge in solar technologies and its established relationships with international clients, Skycorp aims to broaden its offerings of solar PV products and energy solutions for enterprise customers. For further details, please visit: .

Disclaimer Regarding Forward-Looking Statements

This press release includes statements that look to the future. Such statements cover plans, aims, objectives, strategies, anticipated events or future performance, as well as underlying assumptions and any declarations that are not purely historical. The Company generates forward-looking statements when it employs terms like “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or comparable phrases that are not exclusively related to past events. It is important to note that forward-looking statements are not assurances of future outcomes and carry inherent risks and uncertainties that could lead to actual results differing significantly from the Company’s projections outlined in these statements. These declarations are subject to various uncertainties and risks, including, but not limited to, those elements detailed in the “Risk Factors” section of the registration statement submitted to the SEC. Consequently, investors are advised against placing excessive reliance on any forward-looking statements within this press release. Further factors are elaborated upon in the Company’s filings with the SEC, accessible for review at . The Company disclaims any obligation to publicly update these forward-looking statements to reflect subsequent events or conditions that emerge after the date of this document.

For Additional Information, Please Reach Out To:

Skycorp Solar Group Limited
Cathy Li
Investor Relations
Email:
Tel: +86 185 0252 9641 (CN)

WFS Investor Relations Inc.
Connie Kang
Partner
Email:
Tel: +86 1381 185 7742 (CN)