SplitMay 26, 2026, 04:07 PM
Hesai Group Proposes 8-for-1 Share Subdivision at June 26 AGM
AI Summary
Hesai Group announced it will hold its Annual General Meeting (AGM) on June 26, 2026, where shareholders will vote on several proposals. The most significant proposal is an 8-for-1 share subdivision, which will change the par value of each share from US$0.0001 to US$0.0000125. Concurrently, the company proposes an ADS ratio change from 1:1 to 1:8 and a modification to the board lot size on the Hong Kong Stock Exchange from 20 to 100 shares, both conditional upon the share subdivision becoming effective.
Key Highlights
- Annual General Meeting (AGM) scheduled for Friday, June 26, 2026, at 1:30 p.m. Beijing time.
- Proposed 8-for-1 share subdivision of each issued and unissued share.
- New par value per subdivided share will be US$0.0000125.
- ADS ratio to change from 1 ADS representing 1 Class B Ordinary Share to 1 ADS representing 8 Subdivided Class B Ordinary Shares.
- Board lot size on HKEX to change from 20 Class B Ordinary Shares to 100 Subdivided Class B Ordinary Shares.
- Shareholders of record as of May 22, 2026, are entitled to receive notice and vote at the AGM.
- Other AGM proposals include re-election of directors, re-appointment of auditors, and general mandates for share issuance and repurchase.
Price Impact
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