In response to the short-selling by Blue Orca Capital, Hesai Technology said today that it has paid attention to the report released by Blue Orca Capital. Hesai has always adhered to strict business ethics and compliance requirements, strongly opposes the allegations in the Blue Orca Capital report, and believes that they are groundless. Previously, Blue Orca Capital listed the Chinese LiDAR manufacturer Hesai Technology as a new short-selling target, questioning its financial disclosure and other issues.