SERES (09927): Stabilization Action Concluded, Stabilization Period Ends, and Over-Allotment Option Lapses

Stock News11-30

SERES (09927) announced that the stabilization period for its global offering ended on November 30, 2025 (the 30th day after the deadline for the Hong Kong public offering application). During the stabilization period, the stabilizing agent, China International Capital Corporation Hong Kong Securities Limited, its affiliates, or any parties acting on their behalf, undertook the following stabilization actions: (1) Over-allocation of 16,292,800 H-shares in the international offering, representing approximately 15.0% of the total shares offered under the global offering (after partial exercise of the over-allotment option but before full exercise); (2) Continuous market purchases totaling 16,292,800 H-shares at prices ranging between HKD 109.60 and HKD 131.50 per share. The last purchase occurred on November 28, 2025, at HKD 116.30 per share. Additionally, the overall coordinators (acting for the international underwriters) did not exercise the over-allotment option during the stabilization period, which lapsed on November 30, 2025.

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