WeRide-W (00800) Announces Capital Increase Agreement Involving Jingshuo, Taizhou WeRide and Investors

WeRide-W (00800) has issued an announcement that on October 28, 2026 (after trading hours), Jingshuo, Taizhou WeRide and investors (including Ningbo Yongyuan, Primus Vesalius and/or Tianlangxing Luhong) entered into a capital increase agreement, under which the investors agreed to subscribe for a total of RMB 4 million of Jingshuo's registered capital at a total consideration of RMB 70 million, representing approximately 3.38% of Jingshuo's registered capital immediately after completion of the subscription and after the full implementation and utilization of the Jingshuo equity incentive plan.

On October 28, 2026 (after trading hours), the then sole shareholder of Jingshuo (namely Taizhou WeRide) and the board of directors approved the adoption of the Jingshuo equity incentive plan. As of the date of this announcement, Jingshuo is not a major subsidiary of the Company, and therefore the Jingshuo equity incentive plan does not constitute a share scheme governed by Chapter 17 of the Listing Rules.

The maximum amount of relevant equity that may be granted under the Jingshuo equity incentive plan corresponds to RMB 34.2857 million of Jingshuo's registered capital, representing approximately 28.98% of Jingshuo's total registered capital immediately after completion of the subscription and after the full implementation and utilization of the Jingshuo equity incentive plan.

On October 28, 2026 (after trading hours), the board of directors of Jingshuo approved the first grant of awards under the Jingshuo equity incentive plan. Accordingly, awards corresponding to RMB 18.2857 million of Jingshuo's registered capital were granted to three participants. The awards granted under the first grant are settled by way of direct equity in Jingshuo and are subject to the terms of the Jingshuo equity incentive plan and the relevant grant agreements.

Under the first grant, the participants subscribed for a total of RMB 18.2857 million of Jingshuo's registered capital at a total consideration of RMB 18.2857 million. Among the awards granted under the first grant, awards corresponding to RMB 8 million of Jingshuo's registered capital were granted to each founder respectively. Under the relevant grants, each founder subscribed for RMB 8 million of Jingshuo's registered capital at a consideration of RMB 8 million. Both founders are connected persons of the Company, and the grant of awards to each of them constitutes a connected transaction of the Company.