Black Sesame Technologies (02533) has issued an announcement stating that the board of directors has been informed that several core employees, based on their confidence in the group's future development prospects and their recognition of the company's long-term investment value, intend to increase their holdings of the company's ordinary shares in the open market using their own funds before the end of November 2026.
Except for one core employee who, due to serving as a director of a subsidiary of the company, constitutes a connected person of the company under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the remaining core employees are not connected persons of the company.
Under the shareholding increase plan, the core employees intend to increase their shareholdings at a total consideration of between HK$40 million and HK$50 million.
The board of directors believes that the shareholding increase plan reflects the core employees' firm confidence in the group's long-term development prospects and their full recognition of the company's value.
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