Seres Group acquires stake in Huawei Smart Tech, proposes dividend

Seres Group Co., Ltd. announced a significant asset acquisition where its wholly-owned subsidiary, Seres Auto Co., Ltd., will acquire a 10% equity stake in Shenzhen Huawei Smart Technology Co., Ltd. from Huawei Technologies Co., Ltd. for 1.15 billion yuan. This transaction was approved by the board in August 2024 and by shareholders in October 2024, with payments completed by September 30, 2025.

In a related development, Seres Group also proposed a 2025 half-year cash dividend of 0.31 yuan per 10 shares (including tax). This proposal, approved by the board on September 29, 2025, represents 17.22% of the company's net profit for the first half of 2025, aiming to enhance shareholder returns.

Furthermore, the company is undergoing corporate governance reforms, including the abolition of the supervisory board, with its functions absorbed by the board's audit committee. The company's Articles of Association and various governance rules have been revised accordingly, pending shareholder approval and registration with market supervision authorities.