<p>BLACK SESAME (02533.HK) issued a profit warning, expecting a net loss of no more than 800 million RMB for the six months ending in June, primarily due to employee stock-based compensation expenses of no less than 200 million RMB arising from granted awards; the efforts and expenses incurred in the research and development of advanced driver assistance and solutions; and the conversion of preferred shares to common shares after the listing on the Stock Exchange, resulting in a decrease in the fair value gains of financial instruments. In the first half of the year, revenue is expected to exceed 250 million RMB, an increase of over 38%</p>

02533

<p>BLACK SESAME issued a profit warning, expecting a net loss of no more than 800 million RMB for the six months ending in June, mainly due to employee stock-based compensation expenses of no less than 200 million RMB arising from granted rewards; the efforts and expenses incurred by the group in the research and development of advanced driver assistance and solutions; and the conversion of preferred shares to common shares after the listing on the Stock Exchange, resulting in a decrease in the fair value gains of financial instruments. In the first half of the year, revenue is expected to exceed 250 million RMB, an increase of over 38%</p>

"Profit Warning" BLACK SESAME estimates a half-year loss not exceeding 800 million RMB