SERES Announces Plan to Repurchase 1-2 Billion Yuan in A-Shares to Boost Value

Stock News04-23

SERES (09927) has announced its intention to repurchase its issued A-shares through centralized bidding, with the funds to be used for reducing the company's registered capital. The decision is based on confidence in the company's future development prospects and a strong belief in its intrinsic value, aiming to uphold the interests of the company and its shareholders, enhance investor confidence, promote a reasonable valuation of the company's shares, support healthy and sustainable growth, and build a positive image in the capital market. The repurchase amount is set at no less than 1 billion yuan and no more than 2 billion yuan, with a maximum repurchase price of 150 yuan per share. The repurchase period will be within 12 months from the date the share repurchase plan is approved by the shareholders' meeting.

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