Seres Controlling Shareholder Plans to Buy RMB 150M–300M in A-Share Stocks

According to a notice released by Seres, its controlling shareholder, Chongqing Sokon Holding Co., Ltd., plans to acquire the company's A-shares through centralized bidding via the Shanghai Stock Exchange trading system over the next six months starting from the date of the announcement. The purchases will be funded with its own capital and amount to no less than RMB 150 million and no more than RMB 300 million. As of the announcement date, Sokon Holding holds 400,503,464 A-shares of Seres, representing 22.99% of the company's total share capital. The implementation of this share purchase plan may be affected by changes in the capital markets and other factors and might not be fully carried out. This plan does not constitute a tender offer and will not result in any change to the company’s controlling shareholder or actual controller.