SERES Group plans to acquire SERES Automotive

On the evening of August 9, Seres Group announced that it plans to acquire the remaining 19.355% equity of its holding subsidiary Seres Automotive Co., Ltd. (hereinafter referred to as "Seres Automotive") for a transaction amount of approximately RMB 1.329 billion. After this transaction, Seres Group's shareholding in Seres Automotive will increase from 80.645% to 100%.