Skycorp Solar Group Limited Announces $2 Million Share Repurchase Programme

Core Viewpoint - Skycorp Solar Group Limited has announced a Share Repurchase Programme with a maximum total consideration of up to US$2,000,000 to optimize its capital structure and enhance long-term shareholder value [1] Group 1: Share Repurchase Programme - The Company has repurchased a total of 60,000 shares for US$51,972 to date, funded from its own resources [2] - The Programme may be adjusted, suspended, or terminated at the Company's discretion, subject to applicable regulations [2] Group 2: Business Strategy and Growth - The Chairman and CEO stated that the Programme reflects confidence in the Company's intrinsic value and long-term growth opportunities, emphasizing a transformation into an integrated solar enterprise [3] - The Company aims to leverage AI-driven innovation in renewable energy and maintain a strong balance sheet to capture organic growth initiatives and strategic opportunities [3] Group 3: Company Overview - Skycorp Solar Group Limited focuses on manufacturing and selling solar cables and connectors, with operations managed through subsidiaries, including Ningbo Skycorp Solar Co., Ltd. in China [4] - The Company's mission is to become a green energy solutions provider by utilizing solar power and expanding its offerings of eco-friendly solar PV products [5]