SERES: The offering price for each H share is HKD 131.50

According to the announcement from SERES (09927), the offering price has been set at HKD 131.50 per H share as of October 31, 2025 (excluding 1% brokerage commission, 0.0027% Securities and Futures Commission transaction levy, 0.00565% Stock Exchange trading fee, and 0.00015% Financial Services and the Treasury Bureau transaction levy).

The over-allotment option has been partially exercised, and accordingly, the company will issue and allocate an additional 8.419 million shares at the offering price, accounting for approximately 8.40% of the total number of shares initially available for subscription under the global offering. The additional shares issued and allocated under the over-allotment option will be distributed according to the initial ratio of 10.0% for the Hong Kong public offering and 90.0% for the international offering.

The company expects to announce the level of demand for the international offering, the application level for the Hong Kong public offering, the allocation basis for the Hong Kong shares, and the results of the Hong Kong public offering on November 4, 2025 (Tuesday) in the section "How to Apply for Hong Kong Offer Shares - Announcement of Results" of the prospectus.

Assuming the global offering becomes unconditional at or before 8:00 AM (Hong Kong time) on November 5, 2025 (Wednesday), it is expected that the H shares will commence trading on the main board of the Stock Exchange at 9:00 AM (Hong Kong time) on November 5, 2025 (Wednesday). H shares will be traded in board lots of 100 shares