Black Sesame Intelligence (02533) plans to acquire 60% equity layout of Zhuhai Yizhi Electronic Technology through acquisition and capital increase, AI chip full scenario ecosystem

According to Zhitong Finance App News, Black Sesame Smart (02533) announced that on December 31, 2025 (after the transaction period), Black Sesame Smart Wuhan and SPV (both are indirect wholly-owned subsidiaries of the company) intend to acquire 32.8435% of the shares of Zhuhai Yizhi Electronic Technology Co., Ltd. (equivalent to 19.5623% of the total expanded shares of the target company after the capital increase), at a total cost of RMB 457.8 million, and the buyer must pay the target company a corresponding unpaid registered capital of RMB 1330.88 million.

On the same day, SPV, management shareholders, existing shareholders, employee partnerships and target companies signed a capital increase agreement. According to this, SPV used RMB 2021.8838 million to subscribe the target company for an additional registered capital of RMB 2021.8838 million (equivalent to 40.4377% of the target company's total equity expanded after the capital increase).

The completion of equity transfer matters and capital increase matters are mutually conditional. After the equity transfer and capital increase are completed, the company will indirectly own 60% of the target company's shares through SPV, and the target company will become a non-wholly-owned subsidiary of the company, and its financial results will be comprehensively recorded in the group's comprehensive financial statements.

According to the announcement, the group is a leading supplier of automotive-grade smart vehicle computing SoC and SoC-based smart vehicle solutions, and is mainly engaged in the sale of automotive-grade products and technology. The target company focuses on the development and sale of cost-effective, low-power artificial intelligence (AI) system chips (SoCs) and solutions. The vast majority of intellectual property (IP) used in its chip products, including image signal processors (ISPs), neural network processors (NPUs), and analog IP, have been self-developed, mainly providing full-stack solutions in the fields of automotive intelligence and end-side AI applications.

The directors believe that the acquisition will enable the Group to provide automotive-grade computing chips covering all high and low levels, and provide full-scenario solutions for smart cars. At the same time, it will also promote the expansion of the Group's products to a wider range of robots and AI+ applications, and provide a full range of AI inference chip products and solutions. After the acquisition is completed, the group and target companies are expected to achieve significant collaboration in the automotive product matrix and customer development, robotics and AI+ innovative business and R&D, supply chain and mass production to enhance business scale and financial performance, and further enhance the Group's competitive advantage in the field of AI SoC chips