Black Sesame Technologies Plans Cancellation of 1.9822 Million Treasury Shares

Stock News10-22

Black Sesame Technologies (02533) has announced that between January 19, 2026, and May 18, 2026, the company conducted multiple share buybacks on The Stock Exchange of Hong Kong Limited under its 2025 repurchase mandate and held these shares as treasury shares.

As of the date of this announcement, the company has repurchased a total of 1.9822 million shares and holds them as treasury shares, representing approximately 0.28% of the total number of issued shares.

The board of directors hereby announces its intention to cancel the aforementioned 1.9822 million treasury shares.

Assuming no further shares are issued between the date of this announcement and the completion of the cancellation, the total number of issued shares will decrease from 718 million to 716 million.

The board believes that the cancellation will help enhance the company's per-share value and increase shareholder value, which is in the overall interest of the company and its shareholders.

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