AGM/EGMJul 31, 2026, 09:16 AM
Hesai Group to Hold EGM on Aug 28 for Sharpa Supply Deal Approval
AI Summary
Hesai Group announced it will hold its 2026 second Extraordinary General Meeting (EGM) on August 28, 2026, to approve the Revised Supply of Products Framework Agreement with Sharpa. The revision increases the annual cap for supplying LiDAR products and robotic actuators, driven by continuous growth in sales volume. As Sharpa is a connected person, this constitutes a continuing connected transaction requiring Independent Shareholders' approval.
Key Highlights
- Hesai Group to hold 2026 second Extraordinary General Meeting (EGM) on August 28, 2026, at 1:30 p.m. Beijing time.
- EGM purpose is to consider and approve proposed resolutions, including the Revised Supply of Products Framework Agreement with Sharpa.
- The revised agreement increases the annual cap for supplying LiDAR products and robotic actuators to Sharpa.
- Revision is due to continuous growth and expansion of sales volume to Sharpa.
- Sharpa is a connected person, making the transaction a continuing connected transaction under Listing Rules.
- The Revised Annual Cap requires reporting, annual review, announcement, and Independent Shareholders’ approval.
- Record date for ordinary shares is July 23, 2026, Hong Kong time; for ADSs, July 23, 2026, New York time.
Price Impact
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