Black Sesame (ASX: 02533) has announced the successful completion of its acquisition of a 60% equity interest in the target company, Zhuhai Yizhi Electronics Technology Co., Ltd., through a share transfer and capital increase.

All conditions precedent under the share transfer agreement and the capital increase agreement have been fulfilled, and the transactions have been settled in accordance with the terms and conditions of those agreements.

As of the date of this announcement, the full consideration has been paid. Following the acquisition, the company now indirectly holds a 60% stake in the target company through an SPV, making it a non-wholly owned subsidiary whose financial results will be consolidated into the group's financial statements.

The group and the target group possess high levels of complementarity in products, technology, and markets. The target group's expertise in low-power, high-cost-performance AI SoCs will enhance the group's mid-to-low computing power product line, forming a comprehensive, high-reliability edge-side inference solution covering from 0.5 TOPS to 1000 TOPS and beyond.

This will provide complete solutions for various edge-side scenarios ranging from ADAS to Robotaxi autonomous driving, robotic brains, and local AI Box deployments.

Concurrently, the acquisition will accelerate the group's expansion into emerging application areas such as smart gimbals, action cameras, AI glasses, AI companions, robotic vacuum cleaners, and robotic lawn mowers.

This will synergize with existing platforms to advance the implementation of assisted driving, embodied intelligence, and other multi-driver edge AI applications.

Based on currently available information, the target group achieved a significant year-on-year increase in operating revenue for the first half of 2026, with its edge AI SoC product shipments ranking among the industry leaders and its market competitiveness continuing to strengthen.

Benefiting from business scale expansion and improved operational efficiency, the target group's profitability has further improved, which is expected to significantly empower the group's high-speed growth and provide crucial support for the group's goals of improving profitability and turning a profit.

Looking ahead, the group will leverage its more comprehensive product matrix and broader application scenarios to continuously enhance its core competitiveness, accelerate commercial scaling, create long-term value for shareholders and customers, and ultimately strive to provide the world's most powerful edge AI inference solutions.