Hesai Group (HKEX Stock Code: 2525, NASDAQ Stock Ticker: HSAI) has issued a notice regarding a planned Class B Meeting on March 3, 2026, at 2:00 p.m. Beijing time. The meeting will take place at No. 28, Ciyun Road, Yancheng Lake Peninsula, Weiting Town, Suzhou Industrial Park, Jiangsu Province, People’s Republic of China, and will be held shortly after the conclusion or adjournment of the Class A Meeting at the same venue.
The primary agenda involves considering and approving a Class-Based Resolution to amend and restate the Memorandum and Articles. Approval requires a simple majority vote from Class B Ordinary Shares holders either attending in person or voting by proxy. The quorum for the Class B Meeting requires one or more members holding or representing by proxy at least one-third of the issued Class B Ordinary Shares by nominal or par value.
The Board has designated the close of business on February 2, 2026, Hong Kong time, as the Shares Record Date for Class B Ordinary Shares, and the close of business on February 2, 2026, New York time, as the ADS Record Date. Holders of record of Class B Ordinary Shares on the Shares Record Date will be entitled to attend and vote at the Class B Meeting. Holders of the ADSs as of the ADS Record Date should provide voting instructions to the depositary, Deutsche Bank Trust Company Americas, by no later than 10:00 a.m. New York time on February 19, 2026. For Class B Ordinary Shares registrations in Hong Kong, the deadline for lodging transfers is 4:30 p.m. Hong Kong time on February 2, 2026. For those registered on the principal register in the Cayman Islands, the deadline is 6:00 p.m. Cayman Islands time on February 1, 2026.
Additional details, including information on proxy forms and ADS voting cards, are available through the Company’s official channels. The Board comprises both executive and independent non-executive Directors, with specific names noted in the announcement. The document clarifies that holders of Class B Ordinary Shares who are registered on the Shares Record Date are eligible to vote in person or by proxy at the upcoming Class B Meeting.