Black Sesame Intelligence (02533) plans to cancel 1.8 million treasury shares to further enhance shareholder value

The Zhitong Finance App learned that Black Sesame Intelligence (02533) announced on the evening of October 22 that the company plans to cancel the 1,982,200 shares previously purchased and held as treasury shares under the 2025 repurchase authorization, accounting for about 0.28% of the total number of shares currently issued. After the cancellation is completed, the total number of issued shares of the company will be reduced from 718,026,168 to 716,043,968 shares.

The company stated that the cancellation of treasury shares helps to increase the value per share and enhance shareholder value, and conforms to the overall interests of the company and shareholders. This cancellation will directly reduce the company's total share capital, and also reflects the importance the company attaches to shareholder returns and long-term value.