Seres Repurchases 1.54M Shares for 70.31M Yuan, Plans Cancellation

Cancelling repurchased shares mechanically shrinks the share count, so the signal here is less about the cash spent and more about the stated intent to retire rather than hold them for incentives or resale. The scale is modest relative to the issued base, which makes this a routine capital-return gesture rather than a structural change in the register. Whether Seres continues repurchasing and cancelling at this pace, and how the buyback window interacts with its broader capital plans, is the open question worth watching.