PN Smart Energy Limited (NASDAQ: PN), a global independent power provider (IPP) focused on the development of clean power stations, critical energy materials, and intelligent energy infrastructure, today announced its official name change of Skycorp Solar Group Limited to PN Smart Energy Limited effective June 12, 2026.

The name change has been approved by the Company‘s shareholders at an extraordinary general meeting held on June 10, 2026, and became legally effective upon the Company’s receipt of the Certificate of Incorporation on Change of Name from the Registrar of Companies of the Cayman Islands on June 12, 2026.

Weiqi Huang, Chief Executive Officer of PN Smart Energy Limited, commented: “Over the past fifteen years, we established Skycorp Solar as a leading global photovoltaic cable platform. Today, we announce our strategic evolution to PN Smart Energy. Inspired by our Nasdaq ticker, ‘PN’ signifies ‘Power’ and ‘New’—representing our focus on new energy, new assets, and new value creation. This reflects our corporate direction in a transformed market where the AI economy is driving unprecedented electricity demand.”

“With data center power consumption projected to boom in the coming years, utility-scale clean energy is transitioning from a climate initiative to critical infrastructure for global growth. To address this demand, we are evaluating and pursuing opportunities to develop and acquire solar, wind and other clean energy assets across China, Southeast Asia, and the United States. We intend to pursue long-term power purchase agreements where appropriate, with the goal of generating stable cash flows and long-term shareholder value. Furthermore, we are exploring opportunities in critical energy materials, including copper, which plays an important role in global power transmission.”

“This reflects our long-term vision of building an integrated energy value chain, from critical energy materials such as copper, to power transmission products, to clean energy generation assets.”