Hesai Group Announces Annual General Meeting and Proposed 8-for-1 Share Subdivision

Hesai Group filed a Form 6-K announcing its Annual General Meeting scheduled for June 26, 2026, and proposing an 8-for-1 share subdivision. The company plans to subdivide each existing ordinary share with a par value of US$0.0001 into eight subdivided shares with a par value of US$0.0000125 each. Concurrently, the ADS ratio will change from 1 ADS representing 1 Class B Ordinary Share to 1 ADS representing 8 Subdivided Class B Ordinary Shares. The board lot size on the Hong Kong Stock Exchange will also change from 20 Class B Ordinary Shares to 100 Subdivided Class B Ordinary Shares. The company believes the subdivision will lower investment barriers, increase trading liquidity, and make shares more accessible to retail investors. The AGM will also consider re-election of directors, grant of general mandates for share issuance and repurchase, and re-appointment of auditors. Record dates for voting are May 22, 2026, for both Hong Kong-listed shares and U.S.-listed ADSs.