PALO
ALTO, Calif., May 13, 2024
/PRNewswire/ -- Hesai Group (NASDAQ: HSAI) ("Hesai" or the
"Company"), the global leader in three-dimensional light detection
and ranging (lidar) solutions, today announced that Louis T.
Hsieh has resigned from his positions as the Global Chief
Financial Officer (CFO) and Board Director of Hesai for personal
and family reasons, effective today.
The Company greatly appreciates Mr. Hsieh's significant
contributions to Hesai's business, financial management, capital
markets transactions and corporate governance since he joined in
2021.
Norman Fan will assume the
interim position of overseeing the financial and reporting
functions of the Company. Since joining Hesai in 2021, Mr. Fan has
demonstrated his expertise in different financial roles, currently
serving as Finance Director. Prior to joining Hesai, Mr. Fan has
served at Deloitte Touche Tohmatsu CPA LLP for 16 years.
About Hesai
Hesai is the global leader in
three-dimensional light detection and ranging (lidar) solutions.
The Company's lidar products enable a broad spectrum of
applications across passenger and commercial vehicles with advanced
driver assistance systems (ADAS) and autonomous vehicle fleets
(autonomous mobility). Hesai's technology also empowers robotics
applications such as last-mile delivery robots and logistics robots
in restricted areas. The Company's commercially validated solutions
are backed by superior research and development capabilities across
optics, mechanics, electronics, and software. Hesai integrates
lidar designs with an in-house manufacturing process, facilitating
rapid product development while ensuring high performance,
consistent quality and affordability. Hesai has established strong
relationships with leading automotive OEMs, autonomous vehicle, and
robotics companies worldwide, covering over 40 countries as of
December 31, 2023.
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.
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SOURCE Hesai Group