Hesai Group Announces Results of Extraordinary General Meeting, Class A Meeting and Class B Meeting

Core Viewpoint - Hesai Group has successfully adopted all proposed resolutions during the extraordinary general meetings held in Suzhou, China, which includes significant corporate actions and amendments to its articles of association [1][2]. Group 1: Corporate Actions - 50,000,000 authorized, unissued, and undesignated shares have been re-designated as Class B ordinary shares on a one-for-one basis [2]. - The existing memorandum and articles of association have been amended and restated, replacing them entirely with a new version as outlined in the circular dated January 26, 2026 [2]. - The directors have been granted a general unconditional mandate to allot, issue, and deal with additional Class B ordinary shares or equivalents [2]. - The directors have also received a general unconditional mandate to repurchase the Company's own shares and/or American depositary shares under specified terms and periods [2]. Group 2: Company Overview - Hesai Technology is recognized as a global leader in lidar solutions, catering to a wide range of applications including advanced driver-assistance systems (ADAS), autonomous vehicles, and robotics [3]. - The Company integrates its in-house manufacturing with lidar research and development, allowing for rapid product iteration while maintaining high performance and affordability [3]. - Hesai has established a presence in major locations including Shanghai, Palo Alto, and Stuttgart, serving customers across more than 40 countries [3].