In a statement released on the Hong Kong Stock Exchange, Black Sesame Intelligence declared that on January 8, 2026 (after the close of trading hours at the Hong Kong Stock Exchange), the company entered into a subscription agreement with the subscribers. Per the agreement's terms, the subscribers have conditionally committed to subscribing, while the company has conditionally agreed to allocate and issue a total of 30,131,900 subscription shares. These shares will be issued at a subscription price of HK$18.88 each. Upon the subscription's completion, the net proceeds are anticipated to reach approximately HK$568.1 million. From this sum, 90% is earmarked for strategic mergers and acquisitions as well as investments, primarily targeting high - quality companies or assets in the realms of artificial intelligence chips, the upstream and downstream sectors of the semiconductor industry chain, robotics, and associated advanced technologies. The remaining 10% will serve as the company's general working capital.