BLACK SESAME(02533): The parties to the agreement have mutually agreed to terminate the distribution agreement.

Black Sesame (02533) announced that following the notification from the placement agent that they intended to terminate the placement agreement for the subscription matter, the Company and the placement agent entered into a termination agreement on 18 March 2026 (the Termination Agreement). As a result, the parties have mutually agreed to terminate the placement agreement, effective from the date of the Termination Agreement. Due to the termination of the placement agreement, the net proceeds from the subscription matter (after deducting expenses related to the subscription matter) have changed to approximately HK$632 million. The Board believes that the termination of the placement agreement will not have a significant adverse impact on the Company's existing business, operations, or financial condition.