Skyworth Group plans to spin off Skyworth Electric Appliances and list on the growth Enterprise Market of Shenzhen Stock Exchange.

On July 19th, Hong Kong stock company 00751.HK issued a notice saying that the board of directors recommended that Skyworth Appliances be spun off and listed on the growth Enterprise Market of the Shenzhen Stock Exchange.

According to public data, Skyworth's main business includes R & D, manufacturing and sales of refrigerated storage products and washing care equipment, including refrigerators, freezers, washing machines and clothes dryers.

According to the announcement, on 16 July 2021, the listing Committee of the Stock Exchange confirmed that the company could carry out the proposed spin-off in accordance with the 15th application guidelines of the listing rules. The company's management is currently reviewing market conditions and spin-off plans, including listing time.