Skyworth : OVERSEAS REGULATORY ANNOUNCEMENT - ESTIMATED RESULTS FOR THE FIRST QUARTER OF 2021 OF SKYWORTH DIGITAL CO., LTD.

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SKYWORTH GROUP LIMITED

創 維 集 團 有 限 公 司

(Incorporated in Bermuda with limited liability)

(Stock Code: 00751)

OVERSEAS REGULATORY ANNOUNCEMENT

ESTIMATED RESULTS FOR THE FIRST QUARTER OF 2021 OF

SKYWORTH DIGITAL CO., LTD.

This announcement is made by Skyworth Group Limited (the "Company") pursuant to Rules 13.09(2) and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Skyworth Digital Co., Ltd. ("Skyworth Digital", Shenzhen Stock Code: 000810), an A-share listed company on the Shenzhen Stock Exchange and a non-wholly owned subsidiary of the Company, has announced its estimated results for the first quarter of 2021 (the "Announcement"). The Announcement has been reproduced in the Appendix hereto. The detailed financial figures of Skyworth Digital will be disclosed in the 2021 first quarter report.

The Announcement in Chinese (Announcement Number: 2021-029) can be viewed on the information website of the Shenzhen Stock Exchange (http://www.cninfo.com.cn).

By order of the Board

Skyworth Group Limited

Lai Weide

Chairman of the Board

Hong Kong, 14 April 2021

As at the date of this announcement, the Board of the Company comprises Mr. Lai Weide as the Chairman of the Board; Mr. Liu Tangzhi as executive director and the chief executive officer; Ms. Lin Wei Ping, Mr. Shi Chi, Mr. Lin Jin and Mr. Lam Shing Choi, Eric as executive directors; and Mr. Li Weibin, Mr. Cheong Ying Chew, Henry and Mr. Hung Ka Hai, Clement as independent non-executive directors.

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Appendix

Stock Code: 000810

Stock Abbreviation: Skyworth Digital

Announcement Number: 2021-029

Skyworth Digital Co., Ltd.

Announcement on Estimated Results for the First Quarter of 2021

The Company and all members of the board of directors confirm that the information disclosed is true, accurate and complete, and no false records or misleading statements or material omissions.

I、 Estimated results during the current reporting period

1. Period of the estimated results: From 1 January 2021 to 31 March 2021
2. Estimated results:

• Loss □ Turnaround from loss

√ Increase over the same period last year	□ Decrease over the same period last year
Item	Current reporting period (RMB)	Corresponding period
last year (RMB)
Net profit attributable to	Profit: 132,000,000 - 175,000,000
the shareholders of the	Increase by: 73.48% - 129.99% as compared	Profit: 76,090,800
listed company
to the corresponding period last year
Basic earnings per share	Profit: 0.1241 - 0.1646		Profit: 0.0727

II、 Preliminary audit of the estimated results

These estimated results have not been audited by certified public accountants.

III、 Explanation for the changes in results

1. In the first quarter of 2021, net profit increased significantly as compared to the corresponding period of last year. The increase in net profit were mainly due to the increase in the revenue in the principal activities as compared to the corresponding period last year, and obtained investment gain from the disposal of the subsidiary
   Shenzhen Skyworth Qun Xin Security Technology Company Limited* (深圳市创维群 欣安防科技股份有限公司)1.
2. During the reporting period, the estimated impact of non-recurringgains and losses on the Company's net profit is approximately RMB 96,072,200, mainly due to the after- tax investment income of RMB 91,912,800 from the disposal of the subsidiary Shenzhen Skyworth Qun Xin Security Technology Company Limited* (深圳市创维群 欣安防科技股份有限公司).

1 The name of Skyworth Qun Xin Security Technology Company Limited* (深圳市创维群欣安防科技股份有限公司) has changed to Shenzhen Baolong Qunxin Technology Co., Ltd.* (深圳宝龙群欣科技有限公司).

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IV、 Other relevant explanation

These estimated results are only based on the preliminary estimation by the finance department of the Company and have not been audited by the audit firm. Detailed figures of the 2021 first quarter results will be disclosed in the 2021 first quarter report of the Company. The Company's designated official media platforms included "China Securities Journal", "Securities Times" and website of the Shenzhen Stock Exchange (http://www.cninfo.com.cn). Investors are advised to remain cautious about the investment risks.

By order of the Board

Skyworth Digital Co., Ltd.

15 April 2021

* For identification purpose only

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Note: If there is any inconsistency between the English and Chinese versions of this appendix, the Chinese version shall prevail.

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