Black Sesame (02533) completed the issuance of a total of 28.543 million subscribed shares.

BLACK SESAME (02533) announced that all conditions set out in the subscription agreement have been met, and the subscription matters have been completed in accordance with the terms and conditions of the subscription agreement, supplemental agreement, and termination agreement on 6th March 2026. A total of 28.543 million subscription shares have been successfully issued and allotted to subscription party A and new subscription party B at a subscription price of HK$18.88 per share, equivalent to approximately 4.43% of the issued shares before the completion of the subscription matters; and approximately 4.25% of the issued shares after the expansion of the issued shares through the issuance of subscription shares. After deducting the related expenses of the subscription matters, the net proceeds from the subscription matters are approximately HK$538 million, of which 90% will be used for strategic mergers and investments, focusing on high-quality companies or assets in the fields of artificial intelligence chips, semiconductor industry chain, Siasun Robot&Automation, and related advanced technology areas to accelerate the group's strategic layout in the field of intelligent technology, enhance core technological competitiveness, and industrial integration capability; and 10% will be used for the company's general operating funds.