SERES Appoints New Non-Executive Director Following Retirement of Li Wei

[Personnel Change] Li Wei, non-executive director of SERES Group, has stepped down due to retirement upon reaching the eligible age. Gao Zhenghao has been appointed as his successor.

Key Development: Dongfeng-Affiliated Director Transition Completed

Li Wei (born January 1965) officially resigned as non-executive director of SERES on June 2. His original term was scheduled to run until April 21, 2029. His successor, Gao Zhenghao (born November 1976), was nominated by Dongfeng Motor Corporation and approved by the Board’s Nomination Committee.

Strategic Context: Second-Largest Shareholder Continues Board Representation

Dongfeng Motor, the second-largest shareholder of SERES (holding 18.79% of shares), exercises strategic oversight through its non-executive director seat. This role does not involve day-to-day operations but represents shareholder interests in corporate decision-making. This transition constitutes a routine personnel change and will not affect the company’s governance or operations.