禾賽集團2026年度股東大會七項決議案全部通過 續聘核數師及授權發行獲批

EX-99.1
2
tm2619069d1_ex99-1.htm
EXHIBIT 99.1

 

 

Exhibit 99.1

 

Hong Kong Exchanges and Clearing
Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation
as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance
upon the whole or any part of the contents of this announcement.

 

 

Hesai
Group 

禾
 賽 科 技 *

(A
company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability) 

(HKEX
Stock Code: 2525) 

(NASDAQ
Stock Ticker: HSAI)

 

POLL
RESULTS OF THE ANNUAL GENERAL MEETING 

HELD
ON JUNE 26, 2026

 

References
are made to the circular (the “Circular”) and notice (the “Notice”) of the annual general meeting
(the “AGM”) of Hesai Group (the “Company”) each dated May 26, 2026. Unless otherwise required by
the context, capitalized terms used in this announcement shall have the same meanings as defined in the Circular and the Notice.

 

POLL RESULTS OF THE AGM

 

The board
of directors of the Company (the “Board”) is pleased to announce that the AGM was held at No. 28, Ciyun Road, Yangcheng
Lake Peninsula, Weiting Town, Suzhou Industrial Park, Jiangsu Province, the People’s Republic of China on Friday, June 26, 2026
at 1:30 p.m.(Beijing time).

 

All resolutions
proposed at the AGM have been duly passed as ordinary resolutions. As of the Share Record Date, the total number of issued Shares was
157,142,211 Shares, comprising 26,998,861  Class A Ordinary  Shares  and  130,143,350  Class  B  Ordinary  Shares,  which  was the  total  number
of Shares  entitling  Shareholders  to  attend  and  vote  in  favour  of,  against  or
in abstention on the resolutions proposed at the AGM. There was no Shareholder who was required to abstain from voting under the
Listing Rules on any resolution proposed at the AGM, nor any Shareholder who was entitled to attend the AGM but was required to abstain
from voting in favour of any resolution proposed at the AGM pursuant to Rule 13.40 of the Listing Rules. No Shareholder has indicated
in the Circular that he or she intends to vote against or in abstention in respect of any resolution proposed at the AGM.

 

Accordingly,
the total number of Shares entitling the holder to attend and vote on the resolutions numbered 1 to 7 proposed at the AGM was 157,142,211
Shares, comprising 26,998,861 Class A Ordinary Shares and 130,143,350 Class B Ordinary Shares.

 

As at the
date of this announcement, there were (i) no treasury shares held by the Company (including any treasury shares held or deposited with
CCASS), and (ii) no repurchased Shares which are pending cancellation and should be excluded from the total number of issued Shares for
the purpose of the AGM.

 

 1

  

 

 

Treasury shares, if any, registered under the name of the Company,
shall have no voting rights at the general meeting(s) of the Company. For the avoidance of doubt, for the purpose of the Listing Rules,
the Company shall, upon depositing any treasury shares in the CCASS, abstain from voting at any of its general meeting(s) in relation
to those shares.

 

According
to the Company’s third amended and restated memorandum and articles of association (the “Memorandum and Articles of Association”):

 

(i)with
 regard to the resolutions numbered 1, 2(a)(i), 2(b), 4, 5, 6 and 7, each Class A Ordinary
 Share shall entitle its holder to ten votes and each Class B Ordinary Share shall entitle
 its holder to one vote on a poll at the AGM; and

 

(ii)with
 regard to the resolutions numbered 2(a)(ii), 2(a)(iii) and 3, each Class A Ordinary Share
 shall entitle its holder to one vote and each Class B Ordinary Share shall entitle its holder
 to one vote on a poll at the AGM.

 

In accordance
with the provisions of the Listing Rules, voting on the resolutions proposed at the AGM was conducted by way of poll. The voting results
in respect of the resolutions proposed at the AGM are set out as follows:

 

  
  
  
 NUMBER
 OF VOTES CAST AND
 PERCENTAGE (%)
 TOTAL
 NUMBER
 TOTAL
  

  
  
  
  
 OF
 NUMBER
  

  
 ORDINARY RESOLUTIONS
  
  
  
  
 VOTING
 OF
 VOTES
  

  
  
  
 FOR
 AGAINST
 ABSTAIN1
 SHARES
 CAST
  

 1.
 To
 receive, consider and adopt the audited consolidated financial statements of the Company and its subsidiaries and the reports of
 the directors (the “Director(s)”) and auditors of the Company for the year ended 31December 2025.
 Class
 A
 269,988,610
 –
 –
 26,998,861
 269,988,610
  

 
  
 Ordinary
 (100.0000%)
 (0.0000%)
 (–)
  
  
  

 
  
 Shares
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
 Class
 B
 92,336,071
 10,722
 321,341
 92,346,793
 92,346,793
  

 
  
  

 
  
 Ordinary
 (99.9884%)
 (0.0116%)
 (–)
  
  
  

 
  
 Shares
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  
  

 
  
  
 TOTAL
 362,324,681
 10,722
 321,341
 119,345,654
 362,335,403
  

 
  
  
 NUMBER
 (99.9970%)
 (0.0030%)
 (–)
  
  
  

 
  
  
 (CLASS
 A &
  
  
  
  
  
  

 
  
  
 CLASS
 B)
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  
  

 
  
 The
 resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies)
 attending the AGM cast in favour thereof.
  

 
  
  
  
  
  
  
  
  
  

 

 

 2

  

 

 

  
  
  
 NUMBER
 OF VOTES CAST AND
 PERCENTAGE (%)
 TOTAL
 NUMBER
 TOTAL
  

  
  
  
  
 OF
 NUMBER
  

  
 ORDINARY
 RESOLUTIONS
  
  
  
  
 VOTING
 OF
 VOTES
  

  
  
  
 FOR
 AGAINST
 ABSTAIN1
 SHARES
 CAST
  

 2.
 (a)
 (i) To re-elect Dr. Yifan Li as an executive Director.
 Class
 A
 269,988,610
 –
 –
 26,998,861
 269,988,610
  

 
  
  
 Ordinary
 (100.0000%)
 (0.0000%)
 (–)
  
  
  

 
  
  
 Shares
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  
  

 
  
  
 Class
 B
 82,391,946
 9,974,747
 301,441
 92,366,693
 92,366,693
  

 
  
  
 Ordinary
 (89.2009%)
 (10.7991%)
 (–)
  
  
  

 
  
  
 Shares
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  
  

 
  
  
 TOTAL
 352,380,556
 9,974,747
 301,441
 119,365,554
 362,355,303
  

 
  
  
 NUMBER
 (97.2472%)
 (2.7528%)
 (–)
  
  
  

 
  
  
 (CLASS
 A &
  
  
  
  
  
  

 
  
  
 CLASS
 B)
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  
  

 
  
 The
 resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies)
 attending the AGM cast in favour thereof.
  

 
  
  
  
  
  
  
  
  
  

  
 (a)
 (ii) To re-elect Mr. Jia Ren as an independent non-executive Director.
 Class
 A
 26,998,861
 –
 –
 26,998,861
 26,998,861
  

 
  
  
 Ordinary
 (100.0000%)
 (0.0000%)
 (–)
  
  
  

 
  
  
 Shares
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  
  

 
  
  
 Class
 B
 91,265,603
 1,099,229
 303,302
 92,364,832
 92,364,832
  

 
  
  
 Ordinary
 (98.8099%)
 (1.1901%)
 (–)
  
  
  

 
  
  
 Shares
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  
  

 
  
  
 TOTAL
 118,264,464
 1,099,229
 303,302
 119,363,693
 119,363,693
  

 
  
  
 NUMBER
 (99.0791%)
 (0.9209%)
 (–)
  
  
  

 
  
  
 (CLASS
 A &
  
  
  
  
  
  

 
  
  
 CLASS
 B)
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  
  

 
  
 The resolution
 has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies) attending
 the AGM cast in favour thereof.
  

 
  
  
  
  
  
  
  
  
  

  
 (a)
 (iii) To re-elect Dr. Hui Wang as an independent non-executive Director.
 Class
 A
 26,998,861
 –
 –
 26,998,861
 26,998,861
  

 
  
  
 Ordinary
 (100.0000%)
 (0.0000%)
 (–)
  
  
  

 
  
  
 Shares
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  
  

 
  
  
 Class
 B
 91,895,646
 469,566
 302,922
 92,365,212
 92,365,212
  

 
  
  
 Ordinary
 (99.4916%)
 (0.5084%)
 (–)
  
  
  

 
  
  
 Shares
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  
  

 
  
  
 TOTAL
 118,894,507
 469,566
 302,922
 119,364,073
 119,364,073
  

 
  
  
 NUMBER
 (99.6066%)
 (0.3934%)
 (–)
  
  
  

 
  
  
 (CLASS
 A &
  
  
  
  
  
  

 
  
  
 CLASS
 B)
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  
  

 
 

 3

  

 

 

 

 
  
  
  
 NUMBER
 OF VOTES CAST AND
 PERCENTAGE (%)
 TOTAL
 NUMBER
 TOTAL
  

 
  
  
  
  
 OF
 NUMBER
  

 
 ORDINARY
 RESOLUTIONS
  
  
  
 VOTING
 OF
 VOTES
  

 
  
  
  
 FOR
 AGAINST
 ABSTAIN1
 SHARES
 CAST
  

 
  
 The
 resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies)
  

 
  
 attending
 the AGM cast in favour thereof.
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  
  

 
  
 (b)
 To authorize the Board to fix the remuneration of the Directors.  
                    
 Class
 A
 269,988,610
 –
 –
 26,998,861
 269,988,610
  

 
  
 Ordinary
 (100.0000%)
 (0.0000%)
 (–)
  
  
  

 
  
 Shares
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
 Class
 B
 89,806,730
 2,555,284
 306,120
 92,362,014
 92,362,014
  

 
  
 Ordinary
 (97.2334%)
 (2.7666%)
 (–)
  
  
  

 
  
 Shares
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
 TOTAL
 359,795,340
 2,555,284
 306,120
 119,360,875
 362,350,624
  

 
  
 NUMBER
 (99.2948%)
 (0.7052%)
 (–)
  
  
  

 
  
 (CLASS
 A &
  
  
  
  
  
  

 
  
 CLASS
 B)
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
 The
 resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies)
 attending the AGM cast in favour thereof.
  

 
  
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  
  

 
 3.
 To
 re-appoint Messrs. Deloitte Touche Tohmatsu Certified Public Accountants LLP and Messrs. Deloitte Touche Tohmatsu as auditors
 of the Company and to authorise the Board to fix their remuneration.        
          
 Class
 A
 26,998,861
 –
 –
 26,998,861
 26,998,861
  

 
  
 Ordinary
 (100.0000%)
 (0.0000%)
 (–)
  
  
  

 
  
 Shares
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
 Class
 B
 75,164,969
 16,276,498
 1,226,667
 91,441,467
 91,441,467
  

 
  
 Ordinary
 (82.2001%)
 (17.7999%)
 (–)
  
  
  

 
  
  
  
  

 
  
 Shares
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
 TOTAL
 102,163,830
 16,276,498
 1,226,667
 118,440,328
 118,440,328
  

 
  
 NUMBER
 (86.2576%)
 (13.7424%)
 (–)
  
  
  

 
  
 (CLASS
 A &
  
  
  
  
  
  

 
  
 CLASS
 B)
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
 The
 resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies)
 attending the AGM cast in favour thereof.
  

 
  
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  
  

 
 4.
 To
 grant a general mandate to the Directors to allot, issue and deal with Class B Ordinary Shares and/or ADSs (as defined in the Circular)
 (including any sale or transfer of treasury shares) not exceeding 10% of the total number of issued Shares of the Company (excluding
 any treasury shares) as at the date of passing of this resolution.  
        
 Class
 A
 269,988,610
 –
 –
 26,998,861
 269,988,610
  

 
  
 Ordinary
 (100.0000%)
 (0.0000%)
 (–)
  
  
  

 
  
 Shares
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
 Class
 B
 59,249,042
 33,157,911
 261,181
 92,406,953
 92,406,953
  

 
  
  

 
  
 Ordinary
 (64.1175%)
 (35.8825%)
 (–)
  
  
  

 
  
 Shares
  
  
  
  
  
  

 
  
 TOTAL
 329,237,652
 33,157,911
 261,181
 119,405,814
 362,395,563
  

 
  
 NUMBER
 (90.8504%)
 (9.1496%)
 (–)
  
  
  

 
  
 (CLASS
 A &
  
  
  
  
  
  

 
  
 CLASS
 B)
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
 The
 resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies)
 attending the AGM cast in favour thereof.
  

 
  
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  
  

 

 

 4

  

 

 

 
  
  
  
 NUMBER
 OF VOTES CAST AND
 PERCENTAGE (%)
 TOTAL
 NUMBER
 TOTAL
  

 
  
  
  
  
 OF
 NUMBER
  

 
  
 ORDINARY
 RESOLUTIONS
  
  
  
  
 VOTING
 OF
 VOTES
  

 
  
  
  
 FOR
 AGAINST
 ABSTAIN1
 SHARES
 CAST
  

 
 5.
 To
grant a general mandate to the Directors to repurchase Class B Ordinary Shares and/ or ADSs of the Company not exceeding 10% of the total
number of issued shares of the Company (excluding treasury shares) as at the date of passing of this resolution.    
 Class
 A
 269,988,610
 –
 –
 26,998,861
 269,988,610
  

 
  
 Ordinary
 (100.0000%)
 (0.0000%)
 (–)
  
  
  

 
  
 Shares
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
 Class
 B
 91,858,051
 555,123
 254,960
 92,413,174
 92,413,174
  

 
  
  

 
  
 Ordinary
 (99.3993%)
 (0.6007%)
 (–)
  
  
  

 
  
 Shares
  
  
  
  
  
  

 
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
 TOTAL
 361,846,661
 555,123
 254,960
 119,412,035
 362,401,784
  

 
  
 NUMBER
 (99.8468%)
 (0.1532%)
 (–)
  
  
  

 
  
 (CLASS
 A &
  
  
  
  
  
  

 
  
 CLASS
 B)
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
 The
 resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies)
 attending the AGM cast in favour thereof.
  

 
  
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  
  

 
 6.
 To
 extend the general mandate granted to the Directors to allot, issue and deal with additional Class B Ordinary Shares and/or ADSs
 (including any sale and/or transfer of Class B Ordinary Shares out of treasury that  are
 held as treasury shares) by the number of Class B Ordinary Shares and/or Class B Ordinary Shares underlying ADSs of repurchased by
 the Company.
 Class
 A
 269,988,610
 –
 –
 26,998,861
 269,988,610
  

 
  
 Ordinary
 (100.0000%)
 (0.0000%)
 (–)
  
  
  

 
  
 Shares
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
 Class
 B
 59,658,970
 32,752,419
 256,745
 92,411,389
 92,411,389
  

 
  
  

 
  
 Ordinary
 (64.5580%)
 (35.4420%)
 (–)
  
  
  

 
  
 Shares
  
  
  
  
  
  

 
  
 TOTAL
 329,647,580
 32,752,419
 256,745
 119,410,250
 362,399,999
  

 
  
 NUMBER
 (90.9624%)
 (9.0376%)
 (–)
  
  
  

 
  
 (CLASS
 A &
  
  
  
  
  
  

 
  
 CLASS
 B)
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
 The
 resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies)
 attending the AGM cast in favour thereof.
  

 
  
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  
  

 

 

 

 5

  

 

 

  
  
 NUMBER
 OF VOTES CAST AND
 PERCENTAGE (%)
 TOTAL
 NUMBER
 TOTAL
  

  
  
  
  
 OF
 NUMBER
  

  
 ORDINARY
 RESOLUTIONS
  
  
  
  
 VOTING
 OF
 VOTES
  

  
  
  
 FOR
 AGAINST
 ABSTAIN1
 SHARES
 CAST
  

 
 7.
 Subject
 to and conditional upon (i) the Hong Kong Stock Exchange granting the listing of, and permission to deal in, (a) the Subdivided Class
 B Ordinary Sharees, (b) any Subdivided Class B Ordinary Shares which may be issued upon exercise of the share options and share awards
 granted and to be granted under the 2021 Plan; and (ii) the compliance with the requirements from NASDAQ and the Listing Rules to
 effect the Share Subdivision (as defined below), each of the issued and unissued Ordinary Shares of par value of US$0.0001 each be
 and is hereby subdivided into eight (8) Ordinary Shares of par value of US$0.0000125 each (“Subdivided Shares”),
 and such Subdivided Shares shall rank pari passu in all respects with each other in accordance with the Memorandum and Articles of
 Association and have the same rights and privileges and be subject to the same restriction as the Shares in issue prior to the Share
 Subdivision (save for the voting rights and conversion rights in relation to the Subdivided Class A Ordinary Shares as set out in
 the Memorandum and Articles of Association), after all relevant conditions have been met, being a day on which the Hong Kong Stock
 Exchange is open for business of dealing in securities (the “Share Subdivision”), such that after the Share Subdivision,
 the authorized share capital of the Company be changed from US$100,000 divided into 1,000,000,000 shares of a par value of US$0.0001
 each, comprising (i) 50,000,000 Class A Ordinary Shares of a par value of US$0.0001 each, and (ii) 950,000,000 Class B Ordinary Shares
 of a par value of US$0.0001 each to US$100,000 divided into 8,000,000,000 Ordinary Shares of a par value of US$0.0000125 each, comprising
 (i) 400,000,000 Subdivided Class A Ordinary Shares of a par value of US$0.0000125 each,  
  
 Class
 A
 269,988,610
 –
 –
 26,998,861
 269,988,610
  

 
  
 Ordinary
 (100.0000%)
 (0.0000%)
 (–)
  
  
  

 
  
 Shares
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 

 

 6

  

 

 

 
  
  
  
 NUMBER
 OF VOTES CAST AND
 PERCENTAGE (%)
 TOTAL
 NUMBER
 TOTAL
  

 
  
  
  
  
 OF
 NUMBER
  

 
  
 ORDINARY
 RESOLUTIONS
  
  
  
  
 VOTING
 OF
 VOTES
  

 
  
  
  
 FOR
 AGAINST
 ABSTAIN1
 SHARES
 CAST
  

 
  
 and
 (ii) 7,600,000,000 Subdivided Class B Ordinary Shares of a par value of US$0.0000125 each, and that any Director be and is hereby
 authorized for and on behalf of the Company to execute and deliver all such documents, instruments and agreements and to do all such
 acts or things deemed by such Director in his/her absolute discretion to be incidental to, ancillary to or in connection with the
 matters contemplated in and/or for implementation of the Share Subdivision including but not limited to, arranging for necessary
 filings in the Cayman Islands, NASDAQ and Hong Kong, arranging to update the register of member of the Company and cancelling any
 Existing Share Certificates and issuing Subdivided Share Certificates to holders of the existing Shares pursuant to the Share Subdivision.
  
 Class
 B
 92,226,997
 136,798
 304,339
 92,363,795
 92,363,795
  

 
  
 Ordinary
 (99.8519%)
 (0.1481%)
 (–)
  
  
  

 
  
 Shares
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
 TOTAL
 362,215,607
 136,798
 304,339
 119,362,656
 362,352,405
  

 
  
  

 
  
 NUMBER
 (99.9622%)
 (0.0378%)
 (–)
  
  
  

 
  
 (CLASS
 A &
  
  
  
  
  
  

 
  
 CLASS
 B)
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  

 
  
 The
 resolution has been duly passed as an ordinary resolution with a simple majority of valid votes held by Shareholders (including proxies)
 attending the AGM cast in favour thereof.
  

 
  
  
  
  
  
  
  
  
  

 
  
  
  
  
  
  
  
  
  

 

  

The Company’s share registrar
in Hong Kong, Tricor Investor Services Limited, acted as the scrutineer for the vote-taking at the AGM.

 

The following Directors attended
the AGM in person or via electronic means: Dr. Yifan Li, Dr. Kai Sun, Mr. Shaoqing Xiang, Ms. Cailian Yang, Ms. Yi Zhang, Mr. Jia Ren
and Dr. Hui Wang.

 

UPDATE ON THE SHARE SUBDIVISION

 

The Board is pleased to announce
that, subsequent to the passing of the Shareholders’ resolutions in relation to the Share Subdivision, subject to certain conditions
as set out in the section headed “Conditions of the Share Subdivision” in the Circular (including the granting of the listing
approval by the Hong Kong Stock Exchange), the Share Subdivision will become effective on Friday, July 10, 2026 and dealings in the Subdivided
Class B Ordinary Shares will commence at 9:00 a.m. on Friday, July 10, 2026.

 

 

Please refer to the Circular
for further details of, among others, the trading arrangement, the arrangement for free exchange of share certificates and matching services
for odd lots of the Subdivided Class B Ordinary Shares in connection with the Share Subdivision. Shareholders should note that upon the
Share Subdivision becoming effective, the new share certificates of the Subdivided Class B Ordinary Shares will be issued in yellow colour.

 

 7

  

 

 

The Company will make further announcement(s) to keep Shareholders
informed regarding the Share Subdivision as and when appropriate.

 

 
  
 By order of the Board

 
  
  

 
  
 Hesai Group

 
  
 Dr. Yifan Li

 
  
 Chairman of the Board, Executive
 Director and Chief Executive Officer

 

 

Hong Kong, June 26, 2026

 

As at the date of
this announcement, the Board comprises: (i) Dr. Yifan Li, Dr. Kai Sun, Mr. Shaoqing Xiang and Ms. Cailian Yang as the executive Directors;
and (ii) Ms. Yi Zhang, Mr. Jia Ren and Dr. Hui Wang as the independent non-executive Directors.

 

*       For
identification purpose only

 

 8