Skyworth Subsidiary Renews Connected Sales Framework With Xiaopai

Skyworth Digital Holdings ( (HK:0751) ) has provided an announcement.

Skyworth Group’s indirect non-wholly-owned subsidiary SSDT has signed a new framework agreement with Xiaopai to continue supplying electronic products from 27 March 2026 to 31 December 2026, following the expiry of a previous arrangement at the end of 2025. Under the deal, SSDT will manufacture and sell webcam modules, set-top boxes and refurbishment materials on a cost-plus basis, with profit margins of 2% for webcam modules and 5% for set-top boxes and other products.

Because Xiaopai is indirectly controlled by the spouse of executive director Shi Chi, it is deemed a connected person under Hong Kong listing rules, making the arrangement a continuing connected transaction subject to reporting and announcement requirements but exempt from independent shareholder approval. The agreement formalises pricing and order terms for ongoing related-party sales, ensuring they remain on normal commercial terms and no less favourable than those offered to independent third parties, which helps manage compliance risk while preserving an established revenue stream.

The most recent analyst rating on (HK:0751) stock is a Sell with a HK$7.00 price target. To see the full list of analyst forecasts on Skyworth Digital Holdings stock, see the HK:0751 Stock Forecast page.

More about Skyworth Digital Holdings

Skyworth Group Limited is a Bermuda-incorporated electronics manufacturer listed in Hong Kong that operates through subsidiaries such as SSDT. The group focuses on producing and supplying electronic products including webcam modules and set-top boxes, which are sold under the Skyworth brand or partner brands into consumer and digital TV markets.

Average Trading Volume: 6,316,197

Technical Sentiment Signal: Buy

Current Market Cap: HK$12.84B

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