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Hesai Group announced it will hold its second extraordinary general meeting on August 28, 2026, to approve a revision…
HSAIHesai Group
Hesai Group announced it will hold its second extraordinary general meeting on August 28, 2026, to approve a revision of the annual cap for continuing connected transactions with Sharpa. The company entered into a Revised Supply of Products Framework Agreement on July 31, 2026, increasing the maximum transaction value from RMB100 million to RMB300 million for the year ending December 31, 2026. This adjustment reflects an unanticipated surge in demand for LiDAR products and robotic actuators supplied to Sharpa’s embodied intelligence products, alongside updated cost-plus margin rates of 70% to 80% for robotic actuators and manufacturing services. The filing also confirms the completion of a share subdivision effective July 10, 2026, converting each share into eight subdivided shares with a par value of US$0.0000125. Hesai Group is a global technology company specializing in 3D perception solutions and LiDAR manufacturing for autonomous vehicles and robotics.