Hesai Group held an extraordinary general meeting and separate Class A and Class B class meetings on March 3, 2026. Shareholders approved amendments and restatement of the memorandum and articles of association, approved re-designating 50,000,000 authorized but unissued and undesignated shares into Class B ordinary shares, approved a general mandate to issue additional Class B ordinary shares, approved a mandate to repurchase Class B ordinary shares, and approved extending the issuance mandate by the number of Class B ordinary shares repurchased. A conditional alternative set of amendments and restatement of the memorandum and articles of association was not applicable because the class-based approval was obtained at both class meetings.

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