SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Tender Offer for Sky Solar Holdings, Ltd. is Fair to Holders of SKYS American Depository Shares

New York, New York--(Newsfile Corp. - July 23, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:

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To: All Persons or Entities who own Sky Solar Holdings, Ltd. ("Sky Solar" or the "Company") (NASDAQ: SKYS) American Depository Shares

You are hereby notified that Levi & Korsinsky, LLP is investigating the tender offer for shares of Sky Solar by affiliates of Sky Solar commenced on July 6, 2020. Under the terms of the tender offer, holders of American Depository Shares ("ADS") of Sky Solar will receive $0.30 per ordinary share or $6.00 per ADS. Upon completion of the tender offer, if the affiliate of Sky Solar has acquired 90% ownership of the Company, then the affiliate will conduct a short-form merger to acquire the remaining shares of the Company. This tender offer is proceeding without the approval of a special committee of the company's board of directors, in part because the special committee has not received sufficient information to evaluate the tender offer.

To learn more about the action and your rights, go to:

https://www.zlk.com/mna2/sky-solar-holdings-ltd-information-request-form

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

The Sky Solar merger investigation concerns whether the affiliates of Sky Solar who commenced the tender offer have violated United States federal securities laws, thereby harming Sky Solar shareholders.

Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

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