SERES (09927) saw its shares rise more than 6% during the morning trading session. At the time of writing, the stock was up 4.56%, trading at HKD 83.7, with a turnover of HKD 62.3647 million. The movement follows the company's announcement of a plan to repurchase its issued A-shares through centralized bidding, with the aim of reducing its registered capital. The total repurchase amount is set between RMB 1 billion and RMB 2 billion. Additionally, SERES announced its intention to increase capital and expand shares in its subsidiary, Chongqing Landian Technology Co., Ltd., by raising its registered capital by RMB 680 million. The company will waive its preemptive right to subscribe to the new registered capital, with the total investment involved not exceeding RMB 7.2 billion. If this round of capital increase is fully completed, SERES's stake in Landian Technology is expected to drop to 32%, resulting in a loss of controlling interest. Consequently, the accounting method for the subsidiary will shift from the cost method to the equity method, which is anticipated to generate certain investment returns for the company.