BLACK SESAME (02533.HK): Subsidiary Signs Sales Contract Worth RMB 300m, First AI Computing Server Orders

NewTimeSpace News: Black Sesame International Holding Limited (stock code: 02533) voluntarily announced on 14 October 2026 that its wholly-owned subsidiary, Black Sesame Intelligent Technology Co., Ltd., recently entered into a sales and technology development contract with an A-share listed company (the Industry Partner), with a total contract value of approximately RMB 300 million, of which approximately RMB 250 million is expected to be spent within one year of signing on purchases of AI computing server complete machines built around the Group's high-performance AI chips.

The Company said the sales contract comprises the Group's first batch of orders for AI computing servers, and the Board believes that entering into it represents an important substantive advance in the Group's expansion of its AI computing platform into the AI computing server business. Deep engagement with a leading customer and substantial orders are expected to drive the restructuring of the Group's profit-generating business, support long-term growth in revenue and profit levels, and further refine the Group's product and solution portfolio for AI computing scenarios. The Company said it will continue to work with more leading companies on AI computing services cooperation to drive continued delivery of orders and capture new industrial opportunities arising from the expansion of AI computing from the cloud to edge and local deployment.

The Company said that as at the date of the announcement, and based on reasonable enquiries made by the Directors, the Industry Partner and its ultimate beneficial owners are independent third parties independent of the Company and its connected persons. Shareholders and potential investors should exercise caution when dealing in the securities of the Company.