Seyond Holdings Ltd. has announced that it is facing two intellectual property lawsuits filed by Hesai Technology in the Hangzhou Intermediate People's Court of Zhejiang Province. The lawsuits allege infringement of Hesai Technology's utility model patent and seek joint compensation of RMB10 million for economic losses and related expenses. Seyond Holdings maintains that its LiDAR systems are based on fully self-developed intellectual property and that there is no infringement. The company is actively preparing its legal defense, has retained counsel, and does not expect the lawsuits to have any material adverse impact on its current or future operations.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seyond Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251218-11960828), on December 18, 2025, and is solely responsible for the information contained therein.