Hesai Group Awards Grant Summary

Hesai Group announced on June 12, 2026, the grant of 737,054 Restricted Stock Units (RSUs) under its 2021 Plan to 302 employees. These awards, representing the same number of Class B Ordinary Shares, have a nil purchase price. The market price on the grant date was HK$143.7 per share or US$18.06 per ADS. The RSUs vest over four years, with some having a semi-annual vesting schedule over 48 months. The vesting is not subject to performance targets. A clawback mechanism is in place for termination of employment or service. The company views these grants as fair, reasonable, and in the best interests of the company and shareholders, aimed at retaining talent, incentivizing performance, and aligning employee interests with those of shareholders for long-term growth. As of the announcement, 13,091,280 shares remain available for future grants under the plan.