Hesai Group to Hold Extraordinary General Meeting on March 3, 2026

Rhea-AI Summary

Hesai Group (NASDAQ: HSAI) announced an Extraordinary General Meeting (EGM) for shareholders on March 3, 2026 at 3:00 p.m. Beijing time at No.28 Ciyun Road, Yancheng Lake Peninsula, Suzhou Industrial Park, Jiangsu Province, China.

The EGM will consider the Proposed Resolutions described in the EGM notice; the board recommends shareholders and ADS holders vote in favor. Class A and Class B ordinary share meetings will be held the same day (Class A at 1:30 p.m. Beijing time; Class B at 2:00 p.m. Beijing time). Notices, circular and proxy forms are available at the company investor website. Record date for ordinary shares and ADS voting is close of business on February 2, 2026 (Hong Kong time for ordinary shares; New York time for ADSs). ADS holders must provide voting instructions to Deutsche Bank Trust Company Americas to exercise underlying Class B voting rights.

Key Figures

EGM date: March 3, 2026 EGM time: 3:00 p.m. Beijing time Class A meeting time: 1:30 p.m. Beijing time +5 more

8 metrics

EGM date March 3, 2026 Date of extraordinary general meeting in Suzhou, China

EGM time 3:00 p.m. Beijing time Scheduled start time of extraordinary general meeting

Class A meeting time 1:30 p.m. Beijing time Start time for Class A ordinary share meeting

Class B meeting time 2:00 p.m. Beijing time Start time for Class B ordinary share meeting

Par value per share US$0.0001 Par value of Class A and Class B ordinary shares

Record date (shares) February 2, 2026 Record date for ordinary shareholders to vote at EGM

Record date (ADSs) February 2, 2026 Record date for ADS holders to give voting instructions

Current share price $27.94 Price before EGM announcement, down 2.27% on the day

Market Reality Check

Price: $25.13 Vol: Volume 1,543,031 is 0.73x...

normal vol

$25.13 Last Close

Volume Volume 1,543,031 is 0.73x the 20-day average of 2,116,380, indicating subdued trading ahead of the EGM news. normal

Technical Shares at 27.94 are trading above the 200-day MA of 21.92 and about 9.43% below the 52-week high of 30.85.

Peers on Argus

HSAI was down 2.27% while peers showed mixed moves: VC -1.0%, ATMU -1.74%, GTX -...

HSAI was down 2.27% while peers showed mixed moves: VC -1.0%, ATMU -1.74%, GTX -2.22%, but AAP and DAN were slightly positive. This pattern points to stock-specific trading rather than a uniform Auto Parts sector move.

Historical Context

5 past events · Latest: Jan 06 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 06	Strategic partnership	Positive	+10.5%	Selected by NVIDIA as lidar partner for DRIVE Hyperion 10 platform.
Jan 05	Product partnership	Positive	+0.7%	Partnership with MOVIN using JT128 lidar in TRACIN 3D device.
Jan 05	Capacity expansion	Positive	+0.7%	Plan to double annual lidar production capacity starting in 2026.
Dec 23	Customer win	Positive	-0.8%	Supplying solid-state lidars for Meituan’s Keeta Drone delivery fleet.
Dec 15	Industry recognition	Positive	+2.0%	Named only lidar firm on Morgan Stanley’s “Humanoid Tech 25” list.

Pattern Detected

Recent positive partnership and recognition news has typically seen aligned positive price reactions, with one notable divergence on a favorable drone partnership update.

Recent Company History

Over the past months, Hesai reported several growth-oriented milestones. On Dec 15, 2025, it was named the only lidar firm on Morgan Stanley’s “Humanoid Tech 25,” after surpassing 2 million lidar deliveries. Late December brought a lidar supply deal for Meituan’s Keeta Drone fleet, targeting large-scale 2026 deployment. Early January 2026 news highlighted doubling annual lidar capacity from 2 million to over 4 million units and a new NVIDIA DRIVE Hyperion 10 partnership, which saw a 10.47% price gain. Today’s EGM notice fits into ongoing corporate and strategic scaling activity.

Market Pulse Summary

This announcement sets the timetable and mechanics for Hesai’s March 3, 2026 extraordinary general m...

Analysis

This announcement sets the timetable and mechanics for Hesai’s March 3, 2026 extraordinary general meeting and related class meetings, with a record date of February 2, 2026 for both ordinary and ADS holders. It follows a series of operational milestones and partnerships in late 2025 and early 2026. Investors may focus on the specific proposed resolutions, how they align with recent expansion in lidar capacity and automotive partnerships, and any implications for governance or capital structure.

Key Terms

american depositary shares, class a ordinary shares, class b ordinary shares, form of proxy, +2 more

6 terms

american depositary shares financial

"shareholders and holders of American depositary shares (“ADSs”) vote in favor"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

class a ordinary shares financial

"holders of Class A ordinary shares with a par value of US$0.0001 each"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

class b ordinary shares financial

"holders of Class B ordinary shares with a par value of US$0.0001 each"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

form of proxy regulatory

"The EGM Notice and the form of proxy for the EGM are available"

A form of proxy is the official document shareholders use to give someone else instructions or authority to vote their shares at a company meeting when they cannot or choose not to attend. Like filling out a ballot and designating a trusted friend to cast it for you, it lets investors influence board elections, mergers, executive pay and other key decisions without being physically present, so timely review can affect control and value of your investment.

record date regulatory

"Holders of record of the Company’s ordinary shares as of the close of business"

The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

depositary financial

"must give voting instructions to Deutsche Bank Trust Company Americas, the depositary"

A depositary is a financial institution that holds and safeguards financial assets, such as stocks or bonds, on behalf of investors. It ensures that ownership records are accurate and that transactions are processed securely. For investors, a depositary provides a trustworthy way to manage their investments, similar to a secure vault that keeps valuables safe and organized.

AI-generated analysis. Not financial advice.

SHANGHAI, China, Jan. 26, 2026 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”) (NASDAQ: HSAI; HKEX: 2525), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it will hold an extraordinary general meeting of the Company’s shareholders (the “EGM”) at 3:00 p.m. Beijing time (or shortly after the conclusion or adjournment of the Class A Meeting which will commence at 1:30 p.m. (Beijing time) and the Class B Meeting which will commence at 2:00 p.m. (Beijing time), or shortly after the Class A Meeting is concluded, both of which are defined below) on Tuesday, March 3, 2026 at No.28 Ciyun Road, Yancheng Lake Peninsula, Weiting Town, Suzhou Industrial Park, Jiangsu Province, People’s Republic of China, for the purposes of considering and, if thought fit, passing with or without amendments, each of the Proposed Resolutions as defined and set forth in the notice of the EGM (the “EGM Notice”). The EGM Notice and the form of proxy for the EGM are available on the Company’s website at https://investor.hesaitech.com/. The board of directors of the Company fully supports the Proposed Resolutions and recommends that shareholders and holders of American depositary shares (“ADSs”) vote in favor of the Proposed Resolutions.

The Company will hold a class meeting of holders of Class A ordinary shares with a par value of US$0.0001 each (the “Class A Meeting”) and a class meeting of holders of Class B ordinary shares with a par value of US$0.0001 each (the “Class B Meeting”) convened on the same date and at the same place as the EGM, for the purposes of considering and, if thought fit, passing the Class-based Resolution as defined and set forth in the circular of the Company dated January 26, 2026, Hong Kong time. The notices and forms of proxy for each of the Class A Meeting and the Class B Meeting and the circular are available on the Company’s website at https://investor.hesaitech.com/.

Holders of record of the Company’s ordinary shares as of the close of business on February 2, 2026, Hong Kong time, are entitled to receive notice of, and to attend and vote at, the EGM or any adjourned meeting thereof. Holders of record of ADSs as of the close of business on February 2, 2026, New York time, who wish to exercise their voting rights for the underlying Class B ordinary shares must give voting instructions to Deutsche Bank Trust Company Americas, the depositary of the ADSs.

About Hesai

Hesai Technology (Nasdaq: HSAI; HKEX: 2525) is a global leader in lidar solutions. The Company’s lidar products enable a broad spectrum of applications including passenger and commercial vehicles (“ADAS”), as well as autonomous driving vehicles and robotics and other non-automotive applications such as last-mile delivery robots and AGVs (“Robotics”). Hesai seamlessly integrates its in-house manufacturing process with lidar R&D and design, enabling rapid product iteration while ensuring high performance, high quality and affordability. The Company’s commercially validated solutions are backed by superior R&D capabilities across optics, mechanics, and electronics. Hesai has established offices in Shanghai, Palo Alto and Stuttgart, with customers spanning more than 40 countries.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue” or other similar expressions. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Hesai Group
Capital Markets Department
Email: ir@hesaitech.com

Christensen Advisory
Tel: +86-10-5900-1548
Email: hesai@christensencomms.com

Source: Hesai Group

FAQ

When and where will Hesai Group (HSAI) hold its Extraordinary General Meeting (EGM)?

The EGM is scheduled for March 3, 2026 at 3:00 p.m. Beijing time at No.28 Ciyun Road, Yancheng Lake Peninsula, Suzhou Industrial Park, Jiangsu Province, China.

What class meetings will Hesai (HSAI) hold on March 3, 2026 and at what times?

A Class A meeting will commence at 1:30 p.m. Beijing time and a Class B meeting at 2:00 p.m. Beijing time on the same date and location as the EGM.

What is the record date for Hesai (HSAI) shareholders and ADS holders to vote at the March 3, 2026 meetings?

Holders of record as of close of business on February 2, 2026 are entitled to notice and to vote (Hong Kong time for ordinary shares; New York time for ADSs).

Where can Hesai (HSAI) shareholders find the EGM notice, circular and proxy forms?

The EGM notice, circular and proxy forms are available on the company investor website at https://investor.hesaitech.com/.

How do ADS holders of Hesai (HSAI) exercise voting rights for underlying Class B shares?

ADS holders must give voting instructions to Deutsche Bank Trust Company Americas, the depositary, to exercise voting rights for the underlying Class B ordinary shares.