Core Viewpoint - Skyworth Group announced a proposal to distribute shares of Skyworth Solar and apply for its listing, along with a share buyback plan to withdraw from the stock market, contingent on certain conditions being met [1][3]. Group 1: Share Distribution and Listing - The company plans to distribute its holdings in Skyworth Solar to all shareholders, with Skyworth Solar applying for a listing on the main board of the Hong Kong Stock Exchange [3]. - The completion of the share distribution, the listing of Skyworth Solar, and the share buyback will occur simultaneously or approximately on the same day [3]. Group 2: Share Buyback Plan - The share buyback plan involves the cancellation of planned shares, allowing shareholders to choose between receiving HKD 4.03 in cash per share or one new share [3]. - Skyworth Group has issued 634,536,832 planned shares, and if all shareholders opt for cash, the maximum cash payout would be approximately HKD 2.557 billion [3]. Group 3: Financial Performance - For the first three quarters of 2025, Skyworth Group reported revenue of CNY 36.26 billion, a year-on-year increase of 20.3%, while the net profit attributable to the parent company was CNY 125 million, a year-on-year decrease of 67.4% [4]. Group 4: Impact on Shareholding Structure - Following the proposed delisting of Skyworth Digital, the shareholding structure of Skyworth Group will change, but it will not affect the controlling shareholder or actual controllers of the company [4].