Seres Takes Full Control of Landian Auto, Completes Registration and Management Overhaul

On March 20, Chongqing Landian Automotive Technology Co., Ltd. underwent a significant corporate restructuring: original shareholders Chongqing Qingfeng Technology Development Co., Ltd. and Chongqing Yuantou Warehousing Service Co., Ltd. exited the company, while Seres increased its stake from 35% to 100%, achieving full ownership. Landian Automotive was established in September 2025 with a registered capital of RMB 500 million. The company primarily engages in the sales of new energy vehicles and the R&D and manufacturing of automotive components, offering models such as the E5, E5 PLUS, and E3. Concurrently, management changes were implemented: former directors Luo Huiyong and Yu Fang stepped down, and a new leadership team was appointed, comprising Zhang Zhengyuan (Chairman, General Manager, and Legal Representative), Liang Qijun (President of Landian Automotive BU), and Chen Yejun (overseeing supervisory board duties for Seres’ powertrain division). This restructuring is expected to create new development opportunities for Landian Automotive.