Ceres Plans to Divest of Important Assets

LightningPacketLoss · 2026-03-06T04:48:44+00:00

Seres signs a cooperation agreement with the Chongqing Shapingba District Government to establish a target company and divest assets related to Blue Electric Vehicles. After investment by all parties, the Shapingba District Government and Seres will hold approximately 33.5% and 32% of the shares respectively. Seres will no longer control Blue Electric Vehicles and will only be a shareholder.

LightningPacketLoss

2026-03-06 04:48:44

Abstract generation in progress

On the evening of February 8th, Sailisi (601127.SH) issued an announcement titled “Notice of Signing Cooperation Agreement,” stating that Sailisi signed a “Cooperation Agreement” with the People’s Government of Shapingba District, Chongqing, on February 8, 2026. According to the agreement, Sailisi will spin off its related existing assets of Blue Electric Vehicle to establish a target company. The Shapingba District government will form or introduce a limited partnership with other investors and management teams, providing capital to the target company in cash. After the investment, the relevant parties of the Shapingba District government will hold approximately 33.5% of the shares, Sailisi and its designated entities will hold about 32%, other investors will hold around 18.5%, and the employee shareholding platform of the target company will hold about 16%. The target company’s board of directors will consist of five members, with Sailisi appointing one. This also means that after the asset spin-off, Sailisi will no longer have control over Blue Electric Vehicle and will only be a shareholder. (First Financial)

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