PR91312

MIAMI and HONG KONG, Aug. 25, 2021 /PRNewswire=KYODO JBN/ --

Hudson Sustainable Group and affiliates (collectively, "Hudson"), and Sky Solar

Holdings, Ltd. ("Sky Solar") jointly announced today that on August 3, 2021,

Sky Solar, Hudson, and certain related parties entered into a Settlement

Agreement (the "Settlement Agreement"), which resolves all disputes between the

parties. Pursuant to the Settlement Agreement, pending litigations have been

withdrawn and the parties have filed stipulations with courts in Cayman, New

York, and Japan to discontinue legal proceedings. The Settlement Agreement

contains certain conditions to be fulfilled on which both parties have agreed.

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"Hudson is pleased to have executed this framework for settling the dispute

with Sky Solar, which has been in litigation for over 2 1/2 years," said Neil

Auerbach, CEO and managing partner of Hudson. Similarly, Rui Chen, CEO of Sky

Solar remarked that "Sky Solar can now turn its focus exclusively to developing

its commercial opportunities globally with the settlement of its dispute with

Hudson."

About Hudson

Hudson Sustainable Group ("Hudson", or the "Company"), with offices in Miami

and Tokyo, is focused on investing in the sustainability sector globally, with

an emphasis on renewable energy, resource efficiency, and other aspects of

sustainability.  Founded in 2007, Hudson acts as both a principal investor and

asset manager and has made investments in 26 countries. For more information,

visit www.hudsonsustainable.com.

About Sky Solar Holdings, Ltd.

Sky Solar is a global independent power producer ("IPP") that develops, owns,

and operates solar parks and generates revenue primarily by selling

electricity. Since its inception, Sky Solar has focused on the downstream solar

market and has developed projects in Asia, South America, Europe, and North

America. The Company's broad geographic reach and established presence across

key solar markets are significant differentiators that provide global

opportunities and mitigate country-specific risks. Sky Solar aims to establish

operations in select geographies with highly attractive solar radiation,

regulatory environments, power pricing, land availability, financial access and

overall power market trends. As a result of its focus on the downstream

photovoltaic segment, Sky Solar is technology agnostic and is able to customize

its solar parks based on local environmental and regulatory requirements.

Media Contacts

Hudson:

Wei Si

+1 (212) 321-4077

wei.si@hudsonsustainable.com

Sky Solar:

IR@skysolarholdings.com

SKYS Investor Relations:

The Blueshirt Group

US or Mandarin

Ralph Fong

+1 (415) 489-2195

ralph@blueshirtgroup.com

China

Gary Dvorchak, CFA

+86 (138) 1079-1480

gary@blueshirtgroup.com

SOURCE Hudson Sustainable Group