Hesai Group (HESAI-W, 02525.HK) reported its Monthly Return for September 2026, detailing share capital stability and incremental equity issuance tied to employee incentives.

Authorised Capital • Class A ordinary shares remained unchanged at 400.00 million authorised shares with a par value of USD 0.0000125, representing USD 5,000 in authorised capital. • Listed Class B ordinary shares also held steady at 7.60 billion authorised shares, par value USD 0.0000125, equivalent to USD 95,000 in authorised capital. Total authorised share capital stood at USD 100,000.

Issued Shares and Public Float • Class A issued shares were unchanged at 215.99 million. • Class B issued shares increased by 4.00 million to 1.05 billion following a new issuance on 22 September 2026 to the depositary for future equity-based awards. • Hesai confirmed compliance with the minimum 15% public-float requirement for its listed Class B shares.

Equity Incentive Activity • Options: 1.14 million options were exercised (raising USD 0.22 million) and 1.04 million lapsed, leaving 58.30 million options outstanding. Up to 102.38 million Class B shares remain available for future option or award exercises under the 2021 Plan and any other schemes. • RSUs: 2.57 million new RSUs were granted; 0.46 million vested and 0.07 million lapsed. Potential issuances/transfers tied to outstanding RSUs total 19.40 million shares.

Other Securities No warrants, convertible securities, or treasury-share movements were reported during the month.

Overall, Hesai’s September activity was confined to incentive-related share issuances, with no changes in authorised capital and full adherence to Hong Kong Stock Exchange public-float rules.