Group 1 - The company, Skyworth Group, announced a proposal to distribute shares of Skyworth Photovoltaic and list them on the Hong Kong Stock Exchange, contingent upon certain conditions being met [1] - The share repurchase plan involves the cancellation of listed shares in exchange for either cash at HKD 4.03 per share or new shares, with trading resuming on January 21, 2026 [1] - The theoretical value of the shares distributed and listed is estimated at HKD 10.16 per share, representing a premium of approximately 96.15% over the last trading price of HKD 5.18 [1] Group 2 - Skyworth Photovoltaic Group has developed a comprehensive capability system covering system integration solutions, smart photovoltaic manufacturing, energy storage, operation and maintenance, logistics, overseas operations, and smart energy management [2] - As of June 30, 2025, the business has established over 800,000 power stations, generating more than 41 billion kilowatt-hours, with an operational capacity exceeding 27 gigawatts [2] - The completion of the proposal is expected to lead to a market value reassessment of Skyworth Photovoltaic, reflecting the true value of its renewable energy business and providing substantial cash returns to shareholders [2]

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司或創維光伏證券之邀請或要 約，亦非在任何司法管轄區招攬任何投票權或批准。 本公告不會在構成違反任何司法管轄區相關法律的情況下於或向該司法管轄區發 佈、刊發或派發。 SKYWORTH GROUP LIMITED 創 維 集 團 有 限 公 司 （於百慕達註冊成立之有限公司） （股份代號：00751） 公告 (1)建議根據公司法第99條以計劃安排方式進行 創維集團有限公司之附先決條件股份回購 (2)建議由創維集團有限公司分派創維光伏股份 (3)有關存續安排之特別交易 (4)建議撤銷創維集團有限公司之上市地位 及 – 1 – 緒言 於2026年1月4日，董事會議決，在滿足先決條件的前提下，提出該建議，內容 包括： 分派、創維光伏上市及股份回購計劃的完成互為條件，且分派、創維光伏上市 及股份回購計劃將 ...

Group 1 - The 2025 (20th) China Brand Person Annual Conference will be held on December 29 in Shenzhen, themed "Who Earns Respect for China," gathering over 2,000 elites from various sectors including politics, business, industry, academia, and media to reflect on the history of Chinese brand development and explore new trends and opportunities in brand building [1][5][11] - Huang Hongsheng, founder of Skyworth Group and Kaiwo Group, delivered a speech titled "Driving Industrial Revolution, Practicing Life Intent," emphasizing that brand success stems from emotional resonance and timely opportunities, while sustainable innovation and a healthy foundation are essential for long-lasting enterprises [3][8] - The award rationale highlights Huang's nearly 40 years of commitment to breaking boundaries, transitioning from a home appliance leader to a player in the new energy and photovoltaic storage electric vehicle ecosystem, creating a closed loop for green development [6][10]

Core Viewpoint - The light commercial vehicle (LCV) market in China has shown a consistent growth trend, achieving a year-on-year increase of 12% in December 2025, marking the ninth consecutive month of growth, with total sales reaching 4.45 million units [2][3][21]. Market Performance - In December 2025, the overall bus market in China sold 63,900 units, reflecting a month-on-month increase of 20% and a year-on-year increase of 5% [2]. - The light bus segment accounted for 69.55% of the total bus market sales in December, a decrease from 76.14% in the previous month [2]. - For the entire year of 2025, the light bus market's share reached 78.07%, up from 77.18% in 2024, indicating a nearly 1 percentage point increase [2]. Sales Trends - December 2025 marked the highest sales volume for light commercial vehicles in the past five years, with 4.45 million units sold, surpassing the lowest sales in December 2022 by approximately 8,000 units and exceeding December 2024 sales by about 4,700 units [5]. - Cumulatively, the light commercial vehicle market in 2025 achieved total sales of 448,100 units, a year-on-year growth of 11%, maintaining the same growth rate as after November [7][15]. Company Performance - In December 2025, the top ten companies in the light commercial vehicle market collectively held a market share of 95.9%, with Changan leading at 14,500 units sold, representing a 32.5% market share [13]. - Among the top ten companies, eight experienced sales growth compared to December 2024, with notable increases from Changan (15%), Dongfeng (46%), and Chuangwei (222%) [10][17]. - For the entire year, five of the top ten companies saw sales increases, with Changan, Jiangling, and Dongfeng capturing 29.3%, 22.2%, and 20.6% of the market share, respectively, totaling 72.0% for the top three [18][19]. Market Dynamics - The light commercial vehicle market has experienced a shift in rankings among the top companies, with Chuangwei entering the top five for the first time and Xiamen Jinlong and Yutong also moving up in rankings [13][19]. - The overall market dynamics indicate that while some companies have improved their standings, others have seen declines, reflecting a competitive landscape [10][19].

Core Insights - The 2026 Beijing Commercial Brand Conference and the announcement of the 2025 Top Ten Commercial Brands took place on January 16, guided by the Beijing Municipal Bureau of Commerce and organized by the Beijing Daily Media Group and the Beijing Commercial Association [1][4] - The theme of the event was "New Demand, New Supply," with government leaders, commercial experts, and corporate representatives gathering to witness the recognition of outstanding brands in Beijing [1] Group 1: Main Awards - The "2025 Top Ten Commercial Brands" represents brands with significant market influence and leadership in industry development [4] - The ten brands awarded as "2025 Beijing Commercial Craftsmanship Brands" include Beibingyang, Beijing Gongmei, Beijing Hongxing, Beijing Enamel Factory, Skyworth, Daming Glasses, Haier Smart Home, Jinfeng Group, Li Auto, and Yanjing Beer [1] Group 2: Subcategories and Special Awards - Four permanent subcategories were introduced: "Beijing Commercial Quality Service Brand," "Beijing Commercial Model Innovation Brand," "Beijing Commercial Craftsmanship Brand," and "Beijing Commercial New Star Brand" [4] - Three new special award categories were introduced for the first time: "2025 Financial Product Innovation Empowering Consumption Excellent Cases," "Beijing Cultural, Commercial, Tourism, and Sports Integration Excellent Cases," and "Beijing Fashion Consumption Power Leading Brand" [4]

Core Viewpoint - Guangdong's manufacturing industry is evolving, with a strong emphasis on quality and innovation, positioning itself as a global leader in various sectors, including smart home appliances, food production, and beauty products [12][16][20]. Industry Overview - Guangdong accounts for approximately 30% of the global smart home appliance market, with significant contributions from companies like Gree and Skyworth [12][20]. - The province's cross-border e-commerce has expanded 66 times over the past nine years, holding over one-third of the national market share [13]. - By 2027, Guangdong aims for its food industry output to exceed 1.5 trillion yuan, with mooncake production leading the nation [14]. Ecosystem and Collaboration - Guangdong's manufacturing ecosystem includes 31 major manufacturing categories, with 15 being the largest in the country, fostering a collaborative environment that enhances efficiency and innovation [15][16]. - The textile and apparel sector has developed micro-ecosystems that allow for rapid production cycles, exemplified by a one-day turnaround from design to delivery [15]. - In consumer electronics, the "one-hour industrial circle" around Dongguan enables quick assembly of mobile phone components, supporting brands like Huawei and OPPO [15]. Technological Innovation - The integration of AI into manufacturing processes is transforming user experiences, with companies focusing on personalized solutions rather than just standardized products [17][19]. - Gree's smart factories and Skyworth's AI-driven product recommendations illustrate the shift towards technology that enhances daily life [18]. Global Expansion Initiatives - The "Guangdong Goods Going Global" initiative aims to strengthen market presence and brand recognition, particularly for small and medium enterprises [20][21]. - Experts suggest that enhancing brand image and leveraging high-tech innovations are crucial for Guangdong's global competitiveness [21]. Future Outlook - Guangdong's manufacturers are encouraged to harness traditional cultural elements alongside technological advancements to create unique products that resonate globally [21]. - The combination of a robust industrial ecosystem, innovative technologies, and rich cultural heritage positions Guangdong to redefine its global market presence [21].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 SKYWORTH GROUP LIMITED ( 於百慕達註冊成立之有限公司 ) (股份代號: 00751) 根據上市規則第13.51B(2)及13.51(2)(h)條作出之公告 茲提述聯交所於2026年1月13日發佈的紀律行動聲明（「該聲明」），該聲明涉及對星 悅康旅股份有限公司（「星悅康旅」）（聯交所主板上市，股份代號：3662）；及星 悅康旅及／或中國奧園集團股份有限公司（「中國奧園」）（聯交所主板上市，股份 代號：3883）的相關董事（「相關董事」（包括洪先生）），所作出的公開譴責。洪 先生是星悅康旅的獨立非執行董事，並擔任星悅康旅審核委員會和薪酬委員會主席及 提名委員會成員。本公司知悉，聯交所上市委員會（「上市委員會」）已裁定，除其 他事項外，相關董事（包括洪先生）違反了上市規則第3.08條，未有以應有技能、謹 慎和勤勉行事，且已被要求於關鍵時候促使中國奧園及／或星悅康旅制定足夠的內部 監控措 ...

Core Insights - The ultra-high-definition (UHD) video industry is emerging as a new engine for economic growth in Guangdong, with projected revenue surpassing 900 billion yuan in 2024 and expected to reach 1 trillion yuan by 2025, marking it as the tenth trillion-level strategic pillar industry cluster in the province [1] Group 1: Industry Overview - The UHD video industry has gained significant recognition, with notable innovations such as the Guinness World Record-breaking "Flying Screen" and high-definition displays showcased at the Paris Olympics, highlighting the global presence of "Shenzhen-made" large screens [1] - Shenzhen has established itself as a core player in the UHD industry, supported by its strong innovation capabilities and complete industrial chain, contributing to Guangdong's leading position in the national and global UHD market [1] Group 2: National Innovation Center - The National UHD Innovation Center, located in Shenzhen, was established in October 2022 as the only national-level manufacturing innovation center in the UHD video field, focusing on key technologies such as UHD audio and video coding and high-speed digital interfaces [2] - The center collaborates with over ten leading enterprises in the industry chain, including TCL Huaxing and Konka, to enhance the technological foundation and capacity support for the UHD industry in Guangdong [2] Group 3: Achievements and Contributions - Since its establishment, the National UHD Innovation Center has achieved significant milestones, including participation in the first full-link live broadcast experiment of the CCTV 8K UHD channel and the development of the world's first AVS3 standard-based 8K/120P decoding chip [3] - These breakthroughs have strengthened China's technological influence and innovation momentum in the UHD video industry [3] Group 4: Industrial Chain Development - Guangdong has formed a UHD video industry cluster supported by four provincial industrial parks, with Shenzhen being the core area due to its innovation capabilities and international competitiveness [4] - The cluster has achieved significant growth in both scale and quality, representing a shift in China's position in the global UHD industry from "catching up" to "keeping pace" and even "leading" [4] Group 5: Market Dynamics - The UHD video display industry encompasses the entire chain from collection, production, transmission, to presentation and application, with major companies like Huawei and Hisilicon establishing strong barriers in chip and coding technology [5] - Shenzhen's display manufacturing strength is highlighted by companies such as Absen and Konka, which have made significant contributions to international events like the World Cup and NBA [5] Group 6: Policy Support - The growth of the UHD industry in Shenzhen is supported by targeted policy initiatives, including a special fund for key areas such as 8K recording equipment and ultra-high-definition SoC chips, with funding of up to 30 million yuan available [6] - The Longgang District in Shenzhen has become a major hub, housing 332 enterprises and fostering a tiered cluster of companies, enhancing the overall ecosystem for UHD innovation [6]

Core Viewpoint - The event focused on the collaboration of manufacturing enterprises to explore overseas markets, highlighting the importance of collective efforts and sharing experiences among companies in the mechanical equipment manufacturing sector [1][3]. Group 1: Event Overview - A meeting was held on January 13 at the Nanjing Hexi Golden Eagle World Business Building, organized by the Nanjing Municipal Bureau of Industry and Information Technology and the Yangtze River Delta Enterprises Going Global Service Center [1]. - The event featured representatives from 45 manufacturing companies eager to expand internationally, engaging in discussions with experienced state-owned enterprises like China National Machinery Industry Corporation and others [1][3]. Group 2: Insights from Experienced Companies - Representatives from China National Machinery Industry Corporation, Skyworth Group, and Nanjing High-Speed Gear Manufacturing Co. shared their overseas experiences, discussing policies, precautions, and risk management for companies looking to enter foreign markets [3]. - China National Machinery Industry Corporation emphasized its willingness to share experiences and insights about foreign market conditions and local demands [3]. Group 3: Future Plans and Support - Nanjing's Industrial and Information Technology Bureau plans to continue organizing collective overseas activities, including site visits, exhibitions, and contract signings, to assist capable and willing enterprises in their international endeavors [7]. - The event highlighted the importance of financial support and policy assistance in helping companies expand into overseas markets, with examples of successful projects backed by financial institutions [7][9]. Group 4: Compliance and Legal Considerations - Companies must prioritize compliance, as legal and regulatory differences can lead to project delays, as illustrated by a case where a domestic hospital design was halted overseas due to non-compliance with local standards [9]. - The establishment of the Yangtze River Delta Enterprises Going Global Service Alliance aims to provide comprehensive support, including market research, investment consulting, legal interpretation, and financing assistance for companies venturing abroad [9].

1月11日下午，深圳宝安，69岁的黄宏生站在年度演讲的舞台 上。这位创维的创始人依然保持着旺盛的表达欲和充沛的精 力，向台下的观众和镜头前的网友演示AI场景，讲述创业故 事。 作者：郑晨烨 封图：受访者供图 中国家电行业正处在一个十字路口。 一方面是国内市场加速入冬。奥维云网（AVC）最新数据显示，2025年前三季度，中国彩电市场 累计零售量为1991万台，同比下滑2.9%，其中，第三季度的情况尤为严峻，零售量同比大跌 12.1%，零售额下降8.1%。 另一方面则是全球产业链的重构与贸易壁垒的升高。对于那些穿越了几十年周期的老牌家电巨头而 言，单纯依靠卖硬件的增长逻辑已触及天花板，寻找新的"超级增量"成为共同命题。 2026年1月11日下午，深圳宝安，69岁的黄宏生站在年度演讲的舞台上。这位创维的创始人依然 保持着旺盛的表达欲和充沛的精力，向台下的观众和镜头前的网友演示AI场景，讲述创业故事。 演讲结束后，黄宏生与经济观察报记者进行了一场对话，他告诉记者，2025年，创维光伏业务的 营收规模，预计将首次超过其传统的电视业务。 "光伏业务营收超过电视业务"，标志着这家企业在维持家电基本盘的同时，在能源领域培育出 ...