Hesai Group

Hesai Group announced the grant of 737,054 Restricted Stock Units (RSUs) to 302 employees under its 2021 share incentive plan. The awards, representing an equal number of Class B Ordinary Shares, have a nil purchase price. The market value on the grant date was HK$143.7 per Class B Ordinary Share and US$18.06 per ADS. Vesting occurs over four years for most awards, with a portion vesting semi-annually over 48 months. The grants are not tied to performance targets and include clawback provisions.

Hesai Group filed its monthly return on movements in securities for May 2026. The report details the exercise of 94,585 Class B share options, which generated USD 201,570.32, and the vesting of 9,679 Restricted Share Units (RSUs). Additionally, 139,120 new RSUs were granted, while 107,625 options and 15,923 RSUs lapsed during the month. All share movements were settled using existing shares held by the Depositary, with no new shares issued.

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.

Hesai Group announced it will hold its Annual General Meeting (AGM) on Friday, June 26, 2026, at 1:30 p.m. Beijing time, to consider proposed resolutions. The board fully supports these resolutions and recommends shareholders vote in favor. The record date for voting eligibility is May 22, 2026, for both ordinary shareholders and American depositary share (ADS) holders. Additionally, the company confirmed the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2025, with the SEC.

Hesai Group granted an aggregate of 139,120 Restricted Share Units (RSUs) to 37 employees under its 2021 Plan on May 20, 2026. These awards, representing Class B Ordinary Shares, have a nil purchase price and will vest over four years in equal annual portions. The grants aim to promote the company's success, enhance value by linking employee interests with shareholders, and serve as an incentive for outstanding performance and talent retention.

Hesai Group reported strong first-quarter 2026 financial results, with net income reaching $2.7 million and net revenues increasing 29.6% year-over-year to $98.7 million. Total lidar shipments surged 140.9% to 471,723 units, driven by robust demand in both ADAS and Robotics segments. The company announced a strategic partnership with Mercedes-Benz for L3 autonomy models and unveiled Picasso, the world's first 6D full-color ultra-sensitive lidar SPAD-SoC, alongside Kosmo, a new spatial intelligence device under its Strategic Growth Initiatives. Hesai also provided a positive outlook for Q2 2026, expecting net revenues between $123 million and $130 million.

Hesai Group reported strong Q1 2026 financial results, with net revenues increasing 29.6% to RMB680.6 million ($98.7 million) and achieving GAAP net income of RMB18.3 million ($2.7 million), marking its fourth consecutive quarter of GAAP profitability. The company announced a strategic partnership with Mercedes-Benz as a confirmed lidar supplier for L3 autonomy models and maintained its No.1 position in China's long-range automotive lidar market. Hesai also unveiled Picasso, a 6D full-color ultra-sensitive SPAD-SoC lidar, and Kosmo, a spatial intelligence device under its new Strategic Growth Initiatives, signaling a shift towards 'Spatial Intelligence'.

Hesai Group announced the record date for its 2026 Annual General Meeting (AGM), which is set for Friday, June 26, 2026. The record date for Class A and Class B ordinary shares is May 22, 2026, Hong Kong time, while for American Depositary Shares (ADSs), it is May 22, 2026, New York time. Additionally, the company reported monthly movements in securities for April 2026, including the exercise of 24,794 Class B options for $63,903.45, the lapse of 43,062 Class B options and 27,112 Class B RSUs, and the vesting of 32,061 Class B RSUs.

Hesai Group filed a Form 6-K with the SEC for the month of April 2026. The filing's primary purpose is to announce the date of a forthcoming Board Meeting, as indicated by Exhibit 99.1.

Hesai Group announced it will release its first quarter 2026 unaudited financial results on Tuesday, May 19, 2026, before the U.S. market opens. Following the release, the company will host an earnings conference call at 8:00 AM U.S. Eastern Time on the same day. Investors can pre-register for the call or access a live and archived webcast on Hesai's investor relations website. A replay of the call will be available until May 26, 2026.