SERES Automotive's registered capital increased, and China Development Bank Manufacturing Transformation and Upgrading Fund was introduced as a shareholder

On December 29, Seres Automotive Co., Ltd. carried out industrial and commercial changes, adding the China Development Bank Manufacturing Transformation and Upgrading Fund (Limited Partnership) as a shareholder, and its registered capital increased from RMB 9.96 billion to approximately RMB 10.084 billion. Currently, Seres Automotive is jointly held by Seres Group Co., Ltd. and China Development Bank Manufacturing Transformation and Upgrading Fund (Limited Partnership), with the shareholding ratios of both parties being 98.77% and 1.23% respectively.