BLACK SESAME (02533) announced the completion of its subscription of new shares under a general mandate on March 6, 2026. The company allotted and issued 28.54 million new shares at HK$18.88 per share to two independent subscribers. These newly issued shares represented approximately 4.43% of the company’s issued share capital prior to completion, and about 4.25% of the enlarged share capital afterward. Following this issuance, the total number of issued shares increased from 643.69 million to 672.24 million, maintaining a public float of no less than 25%.

The net proceeds of HK$538.13 million will be allocated in two ways: HK$484.32 million (90%) for strategic mergers, acquisitions, and investments focused on artificial intelligence chips and related advanced technologies, and HK$53.81 million (10%) for general working capital. None of the participating subscribers became a substantial shareholder of BLACK SESAME upon completion of this subscription. The company will proceed with filings in the People’s Republic of China in accordance with relevant laws and regulations.