BLACK SESAME disclosed that the independent valuation of the previously announced acquisition target company is approximately 800 million RMB

BLACK SESAME (02533.HK) announced that regarding the previously disclosed acquisition of 60% equity in the target company, based on the market approach used by an independent appraiser, the 100% equity valuation of the target company as of the valuation date is approximately RMB 800.87 million (about 80 million).

The assessment used the enterprise value to sales ratio (EV/S) as a benchmark and referenced 13 listed companies in the Shanghai, Shenzhen, and Hong Kong markets primarily engaged in SoC chip design. The target company's revenue of approximately RMB 154 million over the past 12 months was multiplied by an EV/S multiple of 6.76, and after adjustments for liquidity discounts and control premiums, the final valuation was derived, providing an objective value basis for the transaction.

BLACK SESAME announced at the end of December last year that it would acquire a total of 60% equity in Zhuhai Yizhi Electronics Technology through equity transfer and capital increase. The latter focuses on the development and sales of cost-effective, low-power artificial intelligence (AI) system-on-chip (SoC) solutions, with a total cash consideration of RMB 478 million, intended to be funded through internal resources and/or bank financing