SERES(SH:601127) Xin Lang Cai Jing·2025-12-01 22:35Core Viewpoint - The announcements from Seres Group highlight the company's recent activities regarding H-share issuance, price stabilization actions, and share pledges by its controlling shareholder, Chongqing Xiaokang Holdings Limited. Group 1: H-share Issuance and Price Stabilization - The company successfully listed 108,619,000 H-shares on the Hong Kong Stock Exchange on November 5, 2025, with the stock code "9927" [2] - The price stabilization period for the global offering ended on November 30, 2025, during which 16,292,800 H-shares were bought back at prices ranging from HKD 109.60 to HKD 131.50 [3] - The last purchase during the stabilization period occurred on November 28, 2025, at a price of HKD 116.30 per share [3] Group 2: Over-allotment Option - The over-allotment option was not exercised during the stabilization period, leading to its expiration on November 30, 2025 [5] Group 3: Share Pledge and Release - Chongqing Xiaokang Holdings Limited and its concert parties hold 466,594,414 shares, representing 26.79% of the total share capital [7] - After the release of certain pledged shares, a total of 88,600,000 shares are currently pledged, which is 18.99% of their holdings and 5.09% of the total share capital [7] - The released shares are intended for future pledges, with 6,500,000 shares pledged for financing and 35,000,000 shares pledged for convertible bond obligations [10]