Hesai Group Awards Grant Summary

Hesai Group announced on May 20, 2026, the grant of 139,120 Restricted Share Units (RSUs) to 37 employees under its 2021 Share Incentive Plan. These awards, representing an equivalent number of Class B Ordinary Shares, vest over four years in equal installments. The grants were made without performance targets, a decision deemed by the Compensation Committee to be market-competitive and aligned with the company's practices. The purpose of these grants is to incentivize employees, align their interests with shareholders, aid in talent retention, and foster commitment to the company's long-term growth. The market price of the underlying Class B Ordinary Shares on the grant date was HK$158.5, and the price per ADS was US$20.025. Following these grants, approximately 13,818,511 Class B Ordinary Shares remain available for future grants under the plan.