GXSH(SZ:000716) Zhong Guo Zheng Quan Bao·2026-01-26 14:07Core Viewpoint - Black Sesame Intelligence, known as the "first stock of autonomous driving chips," has experienced a change in its private placement plan, resulting in a reduced financing scale and a subsequent drop in stock price [1][2]. Financing Changes - The total number of shares issued in the latest private placement plan has decreased from 30.13 million shares to 28.54 million shares due to a subscription withdrawal by a party controlled by Wuyuefeng Capital [2]. - The total amount raised from the subscription is 539 million HKD, with shares being subscribed at a price of 18.8 HKD per share [2]. Shareholder Changes - After the completion of the subscription, Wuyuefeng Capital's stake in Black Sesame Intelligence will increase from 4.05% to 6.85%, while Dai Siyuan's stake will rise from 3.44% to 4.57% [3]. - The shareholding of Chairman Dan Jizhang will decrease from 14.21% to 13.60% following the subscription [3]. Strategic Focus - 90% of the funds raised will be allocated for strategic mergers and acquisitions, focusing on high-quality companies or assets in the fields of AI chips, semiconductor supply chains, robotics, and related advanced technologies [2]. Historical Context - Black Sesame Intelligence went public on August 8, 2024, raising 1.036 billion HKD in its initial public offering [8]. - The company has raised a total of 2.8 billion HKD through various financing rounds within two years of its listing, indicating a reliance on external funding without significant self-sustaining revenue generation [8].