Ningbo, China, March 05, 2025 — Skycorp Solar Group Limited (Nasdaq: PN) (the “Company”), a manufacturer and seller of solar cables and solar connectors, today announced the completion of its initial public offering (the “Offering”) of 2,000,000 ordinary shares (the “Ordinary Shares”) at $4.00 each, resulting in gross proceeds of $8,000,000, before deducting underwriting discounts and offering expenses. Trading of the Ordinary Shares on the Nasdaq Capital Market began on March 4, 2025, under the ticker symbol “PN.” The Offering officially closed on March 5, 2025.

The Company has also granted the Underwriter (as defined below) an option to purchase up to an additional 300,000 Ordinary Shares at the public offering price, less underwriting discounts, within 45 days of the Offering’s closing date, to cover potential over-allotments.

The Company plans to allocate 30% of the net proceeds to expand its product lines and services, 30% to enhance research and development capabilities, 20% to increase brand awareness through multi-channel marketing, and 20% for working capital and general corporate purposes.

The Offering was executed on a firm commitment basis. Cathay Securities, Inc. served as the underwriter (the “Underwriter”) for the Offering. Ortoli Rosenstadt LLP served as U.S. securities counsel to the Company, while Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel to the Underwriter, in connection with the Offering.

A registration statement on Form F-1 (File No. 333-282996) pertaining to the Offering, as amended, was filed with the U.S. Securities and Exchange Commission (the “SEC“) and declared effective by the SEC on March 3, 2025. The Offering is being conducted solely through a prospectus. Copies of the final prospectus related to the Offering can be obtained from Cathay Securities, Inc., located at 40 Wall Street, Suite 3600, New York, NY 10005, United States, Attention: Shell Li, via email at or by telephone at +1 (855) 939-3888, or through the SEC’s website at .

Prior to making any investment decisions, investors should carefully review the prospectus and other documents filed or to be filed with the SEC for detailed information about the Company and the Offering. This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall any sale of these securities occur in any state or jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that state or jurisdiction.

About Skycorp Solar Group Limited

Skycorp Solar Group Limited is a provider of solar photovoltaic (PV) products, specializing in the manufacture and sale of solar cables and connectors. The company also partners with IC chip manufacturers to provide new and used GPU and HPC servers. Operations are managed through subsidiaries, including Ningbo Skycorp Solar Co., Ltd., in China.

The Company’s goal is to become a green energy solutions provider for data centers by using solar power and delivering environmentally friendly solar PV products. By utilizing its expertise in solar technologies and its relationships with HPC server clients, the company intends to expand its offerings of solar PV products and server solutions for enterprise customers. Further details are available at: https:// .

Forward-Looking Statement

This press release includes forward-looking statements regarding plans, objectives, goals, strategies, future events, or performance, and underlying assumptions. The use of terms such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not solely relate to historical matters indicates forward-looking statements. These statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from the Company’s expectations. These risks and uncertainties include, but are not limited to, those related to market conditions and the completion of the initial public offering on the anticipated terms, as well as other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. Investors are cautioned against placing undue reliance on these forward-looking statements. Additional factors are detailed in the Company’s filings with the SEC, available at . The Company does not undertake any obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this release.

For more information, please contact:

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

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