BLACK SESAME (02533) subsidiary signs approximately RMB 300 million AI computing server sales contract with an A-share listed company

BLACK SESAME (02533) announces that recently, its wholly-owned subsidiary BLACK SESAME Technologies Co., Ltd. signed a sales and technology development contract with an A-share listed company (an industry partner). The total amount of the sales contract is approximately RMB 300 million. Of this, within one year from the signing of the contract, it is expected to procure approximately RMB 250 million of AI computing server complete-machine products centered on the group's high-performance AI chips. The sales contract is the first order for the group's AI computing servers. The board of directors believes that the signing of this sales contract is an important substantive progress based on the group's AI computing platform in expanding its AI computing server business. The deep binding with a leading customer and the large order are conducive to the restructuring of the group's profitable business, will help drive the growth of the group's related business revenue and the improvement of profitability over the long term, and will continuously improve the layout of products and solutions for AI computing scenarios. In the future, the group will continue to carry out AI computing service cooperation with more leading companies, promote the continued landing of orders, and jointly seize the new round of industry opportunities brought by the expansion of AI computing from the cloud to edge and local deployment.