Seres Group shareholders approve governance changes, dividend plan

Seres Group Co., Ltd. held its second extraordinary general meeting of shareholders on October 15, 2025, approving several key resolutions. Shareholders sanctioned revisions to the company's Articles of Association and related rules, including amendments applicable post-overseas share issuance. These special resolutions were passed with over two-thirds majority of voting rights present.

Further governance reforms involved the cancellation of the supervisory board and its rules of procedure, along with other related governance system modifications. Shareholders also approved the company's semi-annual profit distribution plan for 2025, indicating a positive outlook for investor returns. The meeting was attended by 3,917 shareholders representing 57.8221% of total voting shares, and was conducted via a combination of on-site and online voting.

In a related development, Mr. Zhang Zhengyuan resigned from his roles as director and nomination committee member due to governance restructuring, effective October 15, 2025. He will continue as an employee director and assistant vice president. Concurrently, Mr. Zhang Zhengyuan was elected as an employee director for the fifth board of directors, ensuring continuity and adherence to legal requirements for board composition.