Hesai Group (HSAI) Form 6-K — Jun 26, 2026
Hesai Group held its Annual General Meeting on June 26, 2026, where shareholders passed all proposed resolutions, including the re-election of directors and the re-appointment of auditors. The company authorized a general mandate to repurchase up to 10% of its issued Class B Ordinary Shares and ADSs, signaling a potential return of capital to shareholders. In a move to enhance liquidity, shareholders approved a 1-for-8 share subdivision. Each existing Ordinary Share with a par value of US$0.0001 will be subdivided into eight Ordinary Shares with a par value of US$0.0000125, subject to Hong Kong Stock Exchange approval.
Key figures
- Split Ratio
- 1-for-8
- New Par Value
- $0.0000125
- Old Par Value
- $0.0001
- Effective Date
- July 10, 2026
- Total Issued Shares
- 157,142,211
- Buyback Limit Percent
- 10%
- Auditor Against Vote Percent
- 13.7424%
AI analysis
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