Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of Hesai Group

Rhea-AI Summary

Deutsche Bank has been appointed as the depositary bank for Hesai Group's American Depositary Receipt (ADR) program, effective February 13, 2023. Hesai (NASDAQ: HSAI), based in Shanghai, China, specializes in advanced three-dimensional LiDAR solutions for various applications in both passenger and commercial vehicles, including autonomous driving and robotics. As the depositary bank, Deutsche Bank will manage cross-border equity structures and provide a range of related services to corporates and financial institutions. This partnership highlights Deutsche Bank's capabilities in handling diverse financial services globally.

Positive

• Deutsche Bank appointed as depositary bank for Hesai's ADR program.
• Partnership enhances Deutsche Bank's role in managing cross-border equity structures.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Deutsche Bank announced today its appointment as depositary bank for the NASDAQ-listed American Depositary Receipt program of Hesai Group.

Hesai (NASDAQ: HSAI) is a provider of 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, autonomous vehicle fleets, as well as applications in robotics. Hesai is headquartered in Shanghai, China.*

In addition to specializing in administering cross-border equity structures such as New York Shares and American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. Deutsche Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.

* This information was provided by Hesai Group (February 2023).

Depositary Receipt Information
Country			Cayman Islands incorporated with headquarters in Shanghai, China
Custodian Bank			Deutsche Bank AG, Hong Kong Branch
Effective Date			February 13, 2023
Level III ADR
CUSIP			428050 108
ISIN			US4280501085
Symbol			HSAI
Exchange			NASDAQ
Current Ratio			1 ADS: 1 Class B Ordinary share
Eligibility			DTC

Depositary Receipt Contacts
New Business Development
William Ng
Tel: +852 2203 7889
www.adr.db.com		Markets Distribution
adr@db.com		London
		Tel: +44 (0) 20 7547 6500
gtb.db.com		New York
		Tel: +1 212 250 9100

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© February 2023 Deutsche Bank AG. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230213005598/en/

Deutsche Bank AG

Press & Media Relations

Dylan Riddle

Tel. +12122504982

Cell. +1(904)3866481

Email dylan.riddle@db.com

Source: Deutsche Bank

FAQ

What is the effective date of Deutsche Bank's appointment for HSAI's ADR program?

The effective date is February 13, 2023.

What company is represented by the stock symbol HSAI?

Hesai Group is represented by the stock symbol HSAI.

What services does Deutsche Bank provide as a depositary bank for HSAI?

Deutsche Bank provides administration of cross-border equity structures and related services.

Where is Hesai Group headquartered?

Hesai Group is headquartered in Shanghai, China.

What type of solutions does Hesai Group offer?

Hesai Group offers three-dimensional LiDAR solutions for various applications.