Black Sesame International Holding Limited disclosed that its board has approved the cancellation of 1.98 million treasury shares—equivalent to 0.28% of the company’s issued share capital—previously repurchased under the 2025 Repurchase Mandate.
The shares earmarked for cancellation were acquired on the Hong Kong Stock Exchange between 19 January 2026 and 18 May 2026 pursuant to the shareholder-approved mandate granted at the 30 May 2025 annual general meeting. Following the cancellation, Black Sesame’s total outstanding shares will decline from 718.03 million to 716.04 million, assuming no additional issuances before completion.
Management expects the reduced share count to enhance value per share and align with shareholders’ interests. A follow-up announcement will detail the completion of the cancellation. The company has advised shareholders and potential investors to exercise caution when dealing in its securities.
The board currently comprises two executive directors, two non-executive directors and three independent non-executive directors. The announcement was signed by Chairman, Executive Director and Chief Executive Officer Mr. Shan Jizhang on 22 October 2026.
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