禾賽科技提交6-K披露股份拆細生效，每1股拆為8股

EX-99.1
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tm2620203d2_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)

 

(1) SHARE SUBDIVISION
BECOMING EFFECTIVE ON JULY 10, 2026;

AND

(2) ADJUSTMENTS TO OUTSTANDING
SHARE OPTIONS AND RSUs

 

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

 

SHARE SUBDIVISION BECOMING
EFFECTIVE ON JULY 10, 2026

 

The Board
is pleased to announce that all the conditions of the Share Subdivision have been fulfilled and the Share Subdivision has become effective
on Friday, July 10, 2026 (the “Effective Date”). Dealing in the Subdivided Class B Ordinary Shares on the Hong Kong
Stock Exchange commences 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.

 

Upon the
Share Subdivision becoming effective, the Existing Share Certificates for the Shares will only be valid for delivery, trading and settlement
purposes for the period up to 4:10 p.m. on Monday, August 17, 2026 and thereafter will not be accepted for delivery, trading and settlement
purposes. However, the Existing Share Certificates will continue to be good evidence of legal title and may be exchanged for Subdivided
Share Certificates for the Subdivided Shares at any time.

 

 1

  

 

 

CHANGE IN BOARD LOT SIZE

 

As a result of
the Share Subdivision becoming effective, the Change in Board Lot Size will come into effect on Friday, July 10, 2026. The board lot
size of the Class B Ordinary Shares for trading on the Hong Kong Stock Exchange will be changed from 20 existing Class B Ordinary Shares
to 100 Subdivided Class B Ordinary Shares. There will be a temporary counter open for trading in temporary board lot of 160 Subdivided
Class B Ordinary Shares (in the form of Existing Share Certificates) between 9:00 a.m. on Friday, July 10, 2026 and 4:10 p.m. on Thursday,
August 13, 2026. For details of the trading arrangement, please refer to the Circular and the expected timetable therein.

 

ADJUSTMENTS TO OUTSTANDING SHARE
OPTIONS AND RSUs

 

Prior to the Share
Subdivision becoming effective, there were (i) 7,717,032 outstanding share options granted under the 2021 Plan to subscribe for an aggregate
of 7,717,032 existing Class B Ordinary Shares; and (ii) 2,186,853 outstanding RSUs granted under the 2021 Plan representing an aggregate
of 2,186,853 underlying existing Class B Ordinary Shares.

 

Upon the Share
Subdivision becoming effective, (i) pro-rata adjustments will be made to the exercise prices and the number of outstanding share options
and the number of outstanding RSUs which have been granted under the 2021 Plan; and (ii) there will be (a) 61,736,256 outstanding share
options granted under the 2021 Plan to subscribe for an aggregate of 61,736,256 Subdivided Class B Ordinary Shares, and (b) 17,494,824
outstanding RSUs granted under the 2021 Plan representing an aggregate of 17,494,824 underlying Subdivided Class B Ordinary Shares.

 

Details of the
adjustments to the outstanding share options and the RSUs to be made upon the Share Subdivision becoming effective on Friday, July 10,
2026 are as follows:

 

Adjustments to the Outstanding Share
Options

 

Pursuant to the
terms and conditions of the 2021 Plan, the exercise price and the number of the outstanding share options granted under the 2021 Plan
have been adjusted in the following manner with effect from the Effective Date:

 

 
   
    
 Before adjustments  
 After adjustments 

 
   
    
 Number of Existing  
    
 Number of  
   

 
   
    
 Class B Ordinary  
 Exercise price  
 Subdivided Shares  
 Exercise price per 

 
   
    
 Shares to be issued  
 per Existing  
 to be issued upon  
 Subdivided 

 
   
    
 upon exercise of  
 Class B  
 exercise of  
 Class B 

 
   
    
 the outstanding  
 Ordinary  
 the outstanding  
 Ordinary 

 
 Name of Grantees 
 Date of Grant  
 share options  
 Share (US$)  
 share options  
 Share (US$) 

 
 Cailian Yang 
 July 3, 2021  
 181,042  
 2.10  
 1,448,336  
 0.2625 

 
   
 November 22, 2021  
 37,766  
 3.30  
 302,128  
 0.4125 

 
   
 June 5, 2023  
 30,266  
 1.63  
 242,128  
 0.20375 

 
   
 November 18, 2024  
 32,000  
 0.90  
 256,000  
 0.1125 

 
 Other Employees 
 July
 3, 2021 – August 29, 2025  
 7,435,958  
 0.1-5.15  
 59,487,664  
 0.0125-0.64375 

 
 Total 
 –  
 7,717,032  
 –  
 61,736,256  
 – 

 

 

 2

  

 

 

Adjustments to the Outstanding RSUs

 

Pursuant to the
terms and conditions of the 2021 Plan, the number of the outstanding RSUs granted under the 2021 Plan have been adjusted in the following
manner with effect from the Effective Date:

 

 

 
   
    
 Before adjustments  
 After adjustments 

 
   
    
 Number of Existing  
 Purchase Price  
 Number of  
 Purchase Price 

 
   
    
 Class B Ordinary  
 of RSUs prior  
 Subdivided Shares  
 of RSUs 

 
   
    
 Shares to be issued  
 to the Share  
 to be issued upon  
 upon Share 

 
   
    
 upon vesting of  
 Subdivision  
 vesting of the  
 Subdivision 

 
   
    
 the outstanding  
 becoming  
 outstanding  
 becoming 

 
 Name of Grantees 
 Date of Grant  
 RSUs  
 effective  
 RSUs  
 effective 

 
 Directors 
    
    
    
    
   

 
 Yifan Li 
 March 25, 2026  
 157,000  
 Nil  
 1,256,000  
 Nil 

 
 Kai Sun 
 March 25, 2026  
 157,000  
 Nil  
 1,256,000  
 Nil 

 
 Shaoqing Xiang 
 March 25, 2026  
 157,000  
 Nil  
 1,256,000  
 Nil 

 
 Cailian Yang 
 November 12, 2025  
 4,000  
 Nil  
 32,000  
 Nil 

 
 Zhang Yi 
 February 7, 2025  
 5,953  
 Nil  
 47,624  
 Nil 

 
 Ren Jia 
 November 12, 2025  
 7,116  
 Nil  
 56,928  
 Nil 

 
 Hui Wang 
 March 25, 2026  
 6,565  
 Nil  
 52,520  
 Nil 

 
   
    
    
    
    
   

 
 Employees 
    
    
    
    
   

 
 Other Employees 
 May
 30, 2023 – June 12, 2026  
 1,692,219  
 Nil  
 13,537,752  
 Nil 

 
 Total 
 –  
 2,186,853  
 –  
 17,494,824  
 – 

 

 

In accordance with the terms and
conditions of the 2021 Plan, the above adjustments in relation to the outstanding Share Options and outstanding RSUs will take effect
on the Effective Date. Save for the above adjustments, all other terms and conditions of the 2021 Plan remain unchanged.

 

 3

  

 

 

The
Company’s auditors have confirmed in writing that the above pro-rata adjustments made to (a) the exercise price and
number of the Subdivided Class B Ordinary Shares falling to be issued upon the exercise of the outstanding share options and (b) the
purchase price and number of the Subdivided Class B Ordinary Shares to be issued upon the vesting of the outstanding RSUs are (i) in
accordance with the terms and conditions of the 2021 Plan; (ii) satisfy the requirements set out in the supplementary guidance under
Rule 17.03(13) of the Hong Kong Listing Rules; and (iii) comply with Appendix 1 to Frequently Asked Questions FAQ13 No.1-20
published by the Stock Exchange.

 

 
  
 By order of the Board 

 
  
 Hesai Group 

 
  
 Dr. Yifan Li 

 
  
 Chairman of the Board, Executive Director 

 
  
 and Chief Executive Officer

 

 

Hong Kong, July 10, 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 purposes only

 

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