Seres Increases Registered Capital to RMB 17.42 Billion; Yin Xianzhi Appointed Legal Representative

[Corporate Governance] Seres Group has completed dual adjustments to its registered capital and legal representative.

Key Development: Yin Xianzhi Succeeds Zhang Zhengping as Legal Representative

Yin Xianzhi officially assumed the roles of legal representative and general manager of Seres Group in May 2026, having been promoted to group president in April. His predecessor, Zhang Zhengping, son of founder Zhang Xinghai, now focuses exclusively on his role as chairman of Seres Automotive.

Key Figures: Registered Capital Increased to RMB 1.742 Billion

The company’s registered capital rose from RMB 16.33 billion to RMB 17.42 billion, an increase of approximately 6.7%. In Q1 2026, revenue reached RMB 25.75 billion, up 34.5% year-over-year; new energy vehicle sales totaled 78,500 units, surging 43.9% year-over-year.

Strategic Rationale: Strengthening Governance and Capital Reserves

This adjustment aligns with the board’s recent restructuring—Zhang Xinghai resumed the chairmanship, while Yin Xianzhi oversees strategic execution—aimed at solidifying the foundation for the joint Aito brand developed in deep collaboration with Huawei.