Seres Group completes asset acquisition through share issuance

Chongqing Sokon Industry Group (Seres Group) has successfully completed the acquisition of Longsheng New Energy Technology through a share issuance, according to an announcement filed on March 26, 2025. The purchased entity is now wholly owned by Seres. The transaction involved the issuance of 123,583,893 shares, priced at 66.06 RMB per share, and the shares were acquired by Chongqing Industry Investment Fund, Liangjiang New Area Development & Investment Group, and Liangjiang New Area Industrial Development Group.