Lightspeed China Partners Exits Hesai Group Ownership

Lightspeed China Partners III, L.P., Lightspeed China Partners Select I, L.P., and other related entities have filed an amendment to their Schedule 13G, indicating that they have ceased to be beneficial owners of more than five percent of the outstanding shares of Hesai Group. The filing details the ownership percentages and shares held by each entity as of September 30, 2025. Lightspeed China Partners III, L.P. held 3,234,448 Class B ordinary shares (2.1%), Lightspeed China Partners Select I, L.P. held 1,751,282 Class B ordinary shares (1.1%), and Guangyi HS Holding Limited held 171,795 Class B ordinary shares (0.1%). James Qun Mi and Aibao Chai, who have significant control over these entities, also reported their indirect ownership. This amendment serves as an exit filing for the Reporting Persons.