SplitJun 26, 2026, 08:32 AM
Hesai Group Approves 8-for-1 Share Subdivision Effective July 10
AI Summary
Hesai Group announced the poll results of its Annual General Meeting held on June 26, 2026, where all proposed resolutions were duly passed. Key approvals included the re-election of directors, re-appointment of auditors, and mandates for share issuance and repurchase. Most significantly, shareholders approved an 8-for-1 share subdivision, which will become effective on July 10, 2026, altering the par value and increasing the total number of authorized shares.
Key Highlights
- Shareholders approved an 8-for-1 share subdivision.
- The share subdivision will become effective on July 10, 2026.
- Par value per share will change from $0.0001 to $0.0000125.
- Authorized share capital will increase from 1 billion to 8 billion shares.
- Dr. Yifan Li, Mr. Jia Ren, and Dr. Hui Wang were re-elected as Directors.
- Deloitte Touche Tohmatsu was re-appointed as the Company's auditors.
- Mandate granted to Directors to allot up to 10% of issued shares.
- Mandate granted to Directors to repurchase up to 10% of issued shares.
Price Impact
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