Seres Group gets CSRC approval for Hong Kong H-share issuance

Seres Group Co., Ltd. announced that it has received the “Notification of Filing for Overseas Issuance and Listing” from the China Securities Regulatory Commission (CSRC). The notification confirms the company’s plan to issue no more than 331,477,235 ordinary shares for overseas listing and intends to list them on the Hong Kong Stock Exchange.

The CSRC filing confirms the company’s eligibility for overseas issuance, with the approval valid for 12 months from the date of issuance. Seres Group is required to report any significant events to the CSRC via its filing management information system and adhere strictly to all relevant laws and regulations during the listing process. Additionally, the company must report the outcome of the listing within 15 working days after its completion.

This notification acknowledges the filing information but does not imply CSRC’s endorsement of the securities' investment value or the accuracy of the filing materials. The completion of the offering remains subject to further approvals from the Hong Kong Securities and Futures Commission, the Hong Kong Stock Exchange, and other regulatory bodies, introducing an element of uncertainty. The company will disclose updates in compliance with information disclosure obligations.