Black Sesame International Holding Limited announced the completion of its new-share subscription on 8 May 2026. The company issued 33.54 million shares at HK$18.88 each, raising net proceeds of approximately HK$632.40 million after expenses.

Immediately before the transaction, Black Sesame had 679.26 million shares in issue. Post-placement, the share count rose 4.94% to 712.81 million, with the new shares accounting for 4.71% of the enlarged capital base.

The subscriber—managed by Infini Capital and Infini ME and ultimately owned by Infini Capital Global—qualifies as an independent third party under Hong Kong listing rules and does not become a substantial shareholder following completion.

Management highlighted strategic alignment in AI, robotics and autonomous driving, noting that the fresh capital will accelerate international business expansion and ongoing R&D aimed at on-device AI chips.

Founder and CEO Mr Shan Jizhang remains the largest shareholder with 91.29 million shares, or 12.81% of the enlarged total. Public float continues to exceed the 25% regulatory minimum.

Regulatory filings with mainland authorities, including the CSRC, will proceed in accordance with relevant laws and regulations.