Jiaqi Huang's questions to Hesai Group (HSAI) leadership • Q1 2025
Question
Jiaqi Huang of SPDB International Securities asked management to respond to market rumors that Hesai has confidentially filed for a dual listing in Hong Kong.
Answer
CFO Andrew Fan responded with 'no comment' on the specific rumor but stated that the company continuously evaluates all options, including listing on other exchanges, to protect investor interests. He also proactively addressed potential U.S. delisting concerns, stating there is no legal basis for such action and the company is fully compliant with Nasdaq rules. CEO Yifan Li added that the point of a 'confidential' filing is that it is not discussed publicly.