Core Viewpoint - Skycorp Solar Group Limited has announced a definitive agreement to acquire a 24.0% equity interest in Nanjing Cesun Power Co., Ltd. for approximately US$8.7 million, marking a strategic move into AI-driven energy technologies and green energy solutions [1][4]. Group 1: Acquisition Details - The acquisition will be financed through the issuance of 12,000,000 Class B ordinary shares to Skyline Tech Limited, which will be subject to a five-year lock-up period [2]. - Skyline currently holds 13,025,000 Class B ordinary shares, representing 97.0% of the voting power of the Company [2]. Group 2: Transaction Approval and Timeline - The transaction was approved by the Company's board of directors and audit committee on October 12, 2025 [3]. - The closing of the transaction is expected to occur on or before December 20, 2025, pending customary closing conditions [3]. Group 3: Strategic Implications - The Chairman and CEO of the Company emphasized that this transaction represents a strategic extension into AI-driven energy technologies, which is anticipated to drive sustainable growth and contribute to a sustainable future [4]. - The Company's mission focuses on becoming a green energy solutions provider by leveraging solar power and expanding its offerings of eco-friendly solar PV products [5].