Change of Chairman at Seres Automobile

[Personnel Change] The chairman of Seres Automobile has been changed from Zhang Xinghai to Zhang Zhengping.

Core Development: Zhang Zhengping Assumes Chairmanship, Yin Xianzhi Takes Over as Legal Representative of the Group

Zhang Xinghai has stepped down from his position as chairman of Seres Automobile Co., Ltd., succeeded by Zhang Zhengping; meanwhile, He Liyang has been promoted from director to vice chairman. Former supervisory board chairperson Shen Wei and several other supervisors and directors have exited their roles.

Key Data: Registered Capital Increased to RMB 17.42 Billion

In May, the registered capital of Seres Group Co., Ltd. was increased from RMB 16.33 billion to RMB 17.42 billion, accompanied by an adjustment in senior management structure. Zhang Zhengping stepped down as legal representative, succeeded by Yin Xianzhi.

Strategic Foundation: Accelerated Management Renewal and Integration of Government-Enterprise Collaboration

Yin Xianzhi, who previously held several key positions in Shapingba District, Chongqing, joined Seres in July 2022 and assumed the role of group president starting April 2026, highlighting the company's new strategic direction toward enhanced synergy and resource integration.