Hesai Group announced that on 12 June 2026 it granted 737,054 restricted share units (RSUs), corresponding to the same number of Class B ordinary shares, to 302 eligible employees under its 2021 Share Incentive Plan. The awards carry no purchase price.

The RSUs represent new incentives for staff retention and alignment with shareholder interests. Based on the grant-date market prices—HK$143.70 per Class B share on the Hong Kong Stock Exchange and US$18.06 per ADS on Nasdaq—the total notional value of the awards is approximately HK$105.96 million (US$18.05 million).

Vesting structure • 688,229 RSUs vest in four equal annual tranches starting on the first anniversary of each grantee’s specified commencement date. • 48,825 RSUs vest semi-annually in eight equal portions over 48 months, with the first tranche occurring within 12 months due to administrative delays. All unvested RSUs will be forfeited upon termination of employment; vested RSUs may also be forfeited if termination is for cause.

Performance and funding terms • No performance targets are attached to the awards. • The company will not provide financial assistance for RSU acquisition. • Settlement will use Class B shares or equivalent ADSs reserved under the 2021 Plan.

Headroom under the plan Following this grant, 13.09 million Class B ordinary shares remain available for future awards within the 2021 Plan’s limit, with 0.75 million shares still reserved under the consultants’ sub-limit.

Governance The board, including all independent non-executive directors, and the Compensation Committee consider the grants fair, reasonable, and aligned with the objectives of retaining and incentivising talent to support Hesai’s long-term growth.