hk-ipo/data/extracted_text/00800/allotment_results_2025-11-05_2025110502014.txt

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1
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “Stock Exchange ”)
and Hong Kong Securities Clearing Company Limited ( “HKSCC ”) take no responsibility for the contents of this
announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability
whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this
announcement.
Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as those
defined in the prospectus dated October 28, 2025 (the “Prospectus ”) of WeRide Inc. (the “Company ”).
This announcement is for information purposes only and does not constitute an offer or an invitation to induce an offer
by any person to acquire, purchase or subscribe for any of the securities of the Company. This announcement is not a
prospectus. Potential investors should read the Prospectus for detailed information about the Global Offering described
below before deciding whether or not to invest in the Offer Shares. Any investment decision in relation to the Offer
Shares should be taken solely in reliance on the information provided in the Prospectus.
This announcement is not for release, publication, distribution, directly or indirectly, in or into the United States
(including its territories and possessions, any state of the United States and the District of Columbia). This
announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities
in the United States or in any other jurisdiction. Securities may not be offered or sold in the United States absent
registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Any public offering
of our securities to be made in the United States will be made by means of a prospectus that may be obtained from us
and that will contain detailed information about us and our management, as well as financial statements. The public
offering of securities described herein in the United States is being made only by means of a prospectus supplement
and the accompanying prospectus. The accompanying prospectus is included in an automatic shelf registration
statement on Form F-3 filed with the U.S. Securities and Exchange Commission on November 3, 2025 (New York
time), which automatically became effective upon filing.
In connection with the Global Offering, China International Capital Corporation Hong Kong Securities Limited, as
the stabilizing manager (the “Stabilizing Manager ”) (or any person acting for it), on behalf of the Underwriters, may
over-allocate or effect transactions with a view to stabilizing or supporting the market price of the Class A Ordinary
Shares at a level higher than that which might otherwise prevail for a limited period after the Listing Date. However,
there is no obligation on the Stabilizing Manager (or any person acting for it) to conduct any such stabilizing action.
Such stabilizing action, if taken, (a) will be conducted at the absolute discretion of the Stabilizing Manager (or any
person acting for it) and in what the Stabilizing Manager (or any person acting for it) reasonably regards as the best
interest of our Company, (b) may be discontinued at any time, and (c) is required to be brought to an end within 30
days after the last day for lodging applications under the Hong Kong Public Offering (which is Wednesday, December
3, 2025). Such action, if taken, may be effected in all jurisdictions where it is permissible to do so, in each case in
compliance with all applicable laws, rules and regulatory requirements, including the Securities and Futures (Price
Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong), as amended, made under the Securities and Futures
Ordinance (Chapter 571 of the Laws of Hong Kong).
Potential investors should be aware that no stabilizing action can be taken to support the price of the Class A
Ordinary Shares for longer than the stabilization period which begins on the Listing Date, and is expected to expire on
Wednesday, December 3, 2025, the 30th day after the last day for the lodging of applications under the Hong Kong
Public Offering. After this date, when no further stabilizing action may be taken, demand for the Class A Ordinary
Shares, and therefore the price of the Class A Ordinary Shares, could fall.
Potential investors of the Offer Shares should note that the Joint Sponsors and the Overall Coordinators (for
themselves and on behalf of the Hong Kong Underwriters) shall be entitled to terminate their obligations under the
Hong Kong Underwriting Agreement with immediate effect upon the occurrence of any of the events set out in the
section headed “Underwriting {  Underwriting Arrangements {  The Hong Kong Public Offering {  Hong Kong
Underwriting Agreement {  Grounds for Termination ” in the Prospectus at any time prior to 8:00 a.m. (Hong Kong
time) on the Listing Date (which is currently expected to be on Thursday, November 6, 2025).
The Company is controlled through weighted voting rights. Prospective investors should be aware of the potential
risks of investing in a company with a WVR structure, in particular that the WVR Beneficiaries, whose interests
may not necessarily be aligned with those of our Shareholders as a whole, will be in a position to exert significant
influence over the outcome of Shareholders ’ resolution. For further information about the risks associated with the
Company ’s WVR structure, please refer to the section headed “Risk Factors {  Risks Related to Our WVR Structure ”
in the Prospectus Prospective investors should make the decision to invest in the Company only after due and careful
consideration.


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WeRide Inc.
Б *
(A company controlled through weighted voting rights and incorporated in
the Cayman Islands with limited liability)
Global Offering
Number of Offer Shares under the
Global Offering
: 88,250,000 Offer Shares (subject to the
Over-allotment Option)
Number of Hong Kong Offer Shares : 17,650,000 Offer Shares (as adjusted after
the reallocation)
Number of International Offer Shares : 70,600,000 Offer Shares (as adjusted after
the reallocation and subject to the Over-
allotment Option)
Final Public Offer Price : HK$27.10 per Offer Share, plus brokerage
of 1.0%, AFRC transaction levy of
0.00015%, SFC transaction levy of
0.0027%, and Stock Exchange trading fee
of 0.00565%
Nominal Value : US$0.0001 per Offer Share
Stock Code : 0800
Joint Sponsors, Overall Coordinators, Joint Global Coordinators,
Joint Bookrunners and Joint Lead Managers
(in alphabetical order)
Overall Coordinator, Joint Global Coordinator, Joint Bookrunner, and Joint Lead Manager
Joint Bookrunners and Joint Lead Managers
* For identification purpose only


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WeRide Inc./Б *
ANNOUNCEMENT OF FINAL OFFER PRICE AND ALLOTMENT RESULTS
Warning: In view of high concentration of shareholding in a small number of Shareholders,
Shareholders and prospective investors should be aware that the price of the Class A
Ordinary Shares could move substantially even with a small number of the Class A Ordinary
Shares traded and should exercise extreme caution when dealing in the Class A Ordinary
Shares.
SUMMARY
Company information
Stock code 0800
Stock short name WERIDE-W
Dealings commencement date November 6, 2025 #
# see note at the end of the announcement
Price Information
Final Public Offer Price and International Offer Price (the
“Offer Price ”)
HK$27.1
Maximum Public Offer Price HK$35.0
Offer Shares and Share Capital
Number of Offer Shares (assuming the Over-allotment
Option is not exercised)
88,250,000
Number of Offer Shares in Hong Kong Public Offering
(after reallocation)
17,650,000
Number of Offer Shares in International Offering (after
reallocation and assuming the Over-allotment Option is not
exercised)
70,600,000
Number of issued shares upon Listing (assuming the Over-
allotment Option is not exercised)
1,026,616,330
* For identification purpose only


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Over-allocation
No. of Offer Shares over-allocated 13,237,500
Such over-allocation may be covered by exercising the Over-allotment Option or by making
purchases in the secondary market at prices that do not exceed the Offer Price or through the
stock borrowing arrangement or a combination of these means. In the event the Over-allotment
Option is exercised, an announcement will be made on the Stock Exchange ’s website.
Proceeds
Gross proceeds (Note) HK$2,391.58 million
Less: Estimated listing expenses payable based on Final
Offer Price
HK$(127.24) million
Net proceeds HK$2,264.34 million
Note: Gross proceeds refers to the amount to which the issuer is entitled to receive. For details of the use of
proceeds, please refer to the section headed “Future Plans and Use of Proceeds ” of the Prospectus. The Company
will adjust the allocation of the net proceeds from the exercise of the Over-allotment Option (if any) for the
purposes as set out in the section headed “Future Plans and Use of Proceeds ” of the Prospectus on a pro rata basis.
ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING
No. of valid applications 64,949
No. of successful applications 19,609
Subscription level 73.44 times
Claw-back triggered Yes
No. of Offer Shares initially available under the Hong Kong
Public Offering
4,412,500
No. of Offer Shares reallocated from the International
Offering (claw-back)
13,237,500
Final no. of Offer Shares under the Hong Kong Public
Offering (after reallocation)
17,650,000
% of Offer Shares under the Hong Kong Public Offering to
the Global Offering
20%
Note: For details of the final allocation of Shares to the Hong Kong Public Offering, investors can refer to
www.eipo.com.hk/eIPOAllotment  to perform a search by identification number or www.eipo.com.hk/eIPOAllotment
for the full list of allottees.


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INTERNATIONAL OFFERING
No. of placees 154
Subscription Level 9.85 times
No. of Offer Shares initially available under the
International Offering
83,837,500
No. of Offer Shares reallocated to Hong Kong Public
Offering (claw-back)
13,237,500
Final no. of Offer Shares under the International Offering
(after reallocation)
70,600,000
% of Offer Shares under the International Offering to the
Global Offering
80%
The Directors confirm that, to the best of their knowledge, information and belief, save for a waiver from
strict compliance with Rule 10.04 of the Listing Rules and a consent under paragraph 1C(2) of Appendix
F1 to the Listing Rules (the “Placing Guidelines ”) granted by the Stock Exchange to permit Offer
Shares in the International Offering to be placed to existing Shareholders and/or their close associates,
(i) none of the Offer Shares subscribed by the placees and the public have been financed directly or
indirectly by the Company, any of the Directors, chief executive of the Company, single largest group of
Shareholders, substantial Shareholders, existing Shareholders of the Company or any of its subsidiaries or
their respective close associates; and (ii) none of the placees and the public who have purchased the Offer
Shares are accustomed to taking instructions from the Company, any of the Directors, chief executive of
the Company, single largest group of Shareholders, substantial Shareholders, existing Shareholders of
the Company or any of its subsidiaries or their respective close associates in relation to the acquisition,
disposal, voting or other disposition of the Class A Ordinary Shares registered in his/her/its name or
otherwise held by him/her/it.


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The placees in the International Offering include the following:
Allotee with Consent Obtained
Investor
No. of
Offer
Shares
allocated
% of Offer
Shares
(assuming
the Over-
allotment
Option
is not
exercised)
% of total
issued
Class A
Ordinary
Shares
(assuming
the Over-
allotment
Option
is not
exercised)
% of total
issued
share
capital
after the
Global
Offering
(assuming
the Over-
allotment
Option
is not
exercised) Relationship
Allotee with consent under paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of
the Guide for New Listing Applicants in relation to allocation to a connected client Note 1
Morgan Stanley
 Investment
 Management Inc.
 ( “MSIM Inc. ”)
 on behalf of
 its underlying
 discretionary
 clients and funds.
8,599,000 9.7% 0.9% 0.8% Connected client
Notes:
1. For details of the consent under paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of the Guide
for New Listing Applicants in relation to allocation to a connected client, please refer to the section headed
“Allotee with consent obtained – allotee with consent under paragraph 1C(1) of the Placing Guidelines and
Chapter 4.15 of the Guide for New Listing Applicants in relation to allocation to a connected client of this
announcement.


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LOCK-UP UNDERTAKINGS
Key Persons (as defined under Rule 18C.14 of the Listing Rules)
Name Capacity
Number of
Shares held in the
Company subject to
lock-up undertakings
upon Listing
% of total
issued
Shares after
the Global
Offering
upon Listing
(assuming
the Over-
allotment
Option is not
exercised)
Last day
subject to the
lock-up undertakings
Tony Xu Han ( ᒵϛ) Founder, chairman of
 our Board, executive
 Director and CEO
41,249,590 Class B
 Ordinary Shares Note 1
4.0% October 27, 2028  Note 6
Yan Li (֧Co-founder, executive
 Director, CTO
27,129,666 Class A
 Ordinary Shares Note 2
2.6% November 5, 2026 Note 4
Yan Li (֧Co-founder, executive
 Director, CTO
13,564,833 Class B
 Ordinary Shares Note 3
1.3% November 5, 2026 Note 4
Hua Zhong ( ᒤശ) Senior vice president 16,573,442 Class A
 Ordinary Shares
1.6% November 5, 2026 Note 4
Notes:
1. Represents the 24,850,000 Class B Ordinary Shares held by Xu Han Limited ( “XHL”) and the 16,399,590 Class B Ordinary Shares held
by Tonyhan Limited ( “THL”). XHL is wholly owned by Tony Xu Han ( ᒵϛ) ( “Dr. Han ”). THL is owned as to 51% by XHL and as
to 49% by Trident Trust Company (South Dakota) Inc. ( “Trident ”). Trident is the trustee of the Han Family Trust where Dr. Han is the
protector and his descendants are the beneficiaries.
2. Represents the 11,129,666 Class A Ordinary Shares held by Humber Partners Limited ( “Humber Partners ”) and the 16,000,000 Class
A Ordinary Shares held by Yanli Holdings Limited ( “Yanli ”). Humber Partners is wholly owned by Yan Li (֧“( ) Dr. Li ”). Yanli
is owned as to 51% by Humber Partners and as to 49% by Trident. Trident is the trustee of the Li Family Trust where Dr. Li is the
protector and his descendants are the beneficiaries.
3. Represents the 13,564,823 Class B Ordinary Shares held by Humber Partners and the 10 Class B Ordinary Shares held by Yanli.
4. The lock-up period commencing on the date by reference to which disclosure of its shareholding is made in the Prospectus and ending on
the date which is 12 months from the Listing Date, i.e. November 5, 2026.
5. Dr. Han and Dr. Li are entitled to receive 27,595,520 Class A Ordinary Shares and 10,513,974 Class A Ordinary Shares, respectively,
pursuant to the share options granted to them under the 2018 Share Plan, subject to the relevant conditions (including vesting conditions)
thereunder. The Class A Ordinary Shares to be allotted and issued upon exercise of the share options by Dr. Han and Dr. Li during the
period commencing on the date of this prospectus and ending on the date which is 12 months from the Listing Date will also be subject
to lock-up during such period.
6. Dr. Han has voluntarily committed to a three-year lock-up, effective as of October 28, 2025, covering all Shares of the share capital of
the Company or securities convertible into, exchangeable, or exercisable for any Share of the share capital of the Company, directly or
indirectly owned or controlled by him. During this lock-up period, Dr. Han will not sell, transfer, pledge, or otherwise dispose of any of
such securities, subject to customary exceptions.


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Single Largest Group of Shareholders
Name
Number of Shares
held in the Company
subject to lock-up
undertakings upon
Listing
% of total issued
Shares after the
Global Offering
upon Listing
(assuming the
Over-allotment
Option is not
exercised)
Last day subject to the
lock-up undertakings
Tony Xu Han
 ( ᒵϛ), through
 Xu Han Limited
 and Tonyhan
 Limited
41,249,590 Class B
 Ordinary Shares Note 1
4.0% October 27, 2028 Note 2
Notes:
1. Represents the 24,850,000 Class B Ordinary Shares held by Xu Han Limited and the 16,399,590 Class B
Ordinary Shares held by Tonyhan Limited. Xu Han Limited is wholly owned by Dr. Han. Tonyhan Limited is
owned as to 51% by XHL and as to 49% by Trident. Trident is the trustee of the Han Family Trust where Dr.
Han is the protector and his descendants are the beneficiaries.
2. Dr. Han has voluntarily committed to a three-year lock-up, effective as of October 28, 2025, covering all
Shares of the share capital of the Company or securities convertible into, exchangeable, or exercisable for
any Share of the share capital of the Company, directly or indirectly owned or controlled by him. During this
lock-up period, Dr. Han will not sell, transfer, pledge, or otherwise dispose of any of such securities, subject
to customary exceptions.


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PLACEE CONCENTRATION ANALYSIS
Placees*
Number
of Class A
Ordinary
Shares
allotted
Allotment
as % of the
International
Offering
(assuming
no exercise
of the Over-
allotment
Option)
Allotment
as % of the
International
Offering
(assuming
the Over-
allotment
Option
is fully
exercised and
new Class
A Ordinary
Shares are
issued)
Allotment as
% of total
Offer Shares
(assuming
no exercise
of the Over-
allotment
Option)
Allotment as
% of total
Offer Shares
(assuming
the Over-
allotment
Option
is fully
exercised and
new Class
A Ordinary
Shares are
issued)
Number
of Class A
Ordinary
Shares
held upon
Listing**
% of total
issued Class
A Ordinary
Shares upon
Listing
(assuming
no exercise
of the Over-
allotment
Option)
% of total
issued Class
A Ordinary
Shares upon
Listing
(assuming
the Over-
allotment
Option
is fully
exercised and
new Class
A Ordinary
Shares are
issued)
% of total
issued share
capital upon
Listing
(assuming
no exercise
of the Over-
allotment
Option)
% of total
issued share
capital upon
Listing
(assuming
the Over-
allotment
Option
is fully
exercised and
new Class
A Ordinary
Shares are
issued)
Top 1 21,499,000 30.45% 25.64% 24.36% 21.18% 21,499,000 2.21% 2.18% 2.09% 2.07%
Top 5 52,884,000 74.91% 63.08% 59.93% 52.11% 65,228,352 6.71% 6.62% 6.35% 6.27%
Top 10 64,241,500 90.99% 76.63% 72.79% 63.30% 76,585,852 7.88% 7.77% 7.46% 7.37%
Top 25 75,906,000 107.52% 90.54% 86.01% 74.79% 88,250,352 9.08% 8.96% 8.60% 8.49%
* Ranking of placees is based on the number of Offer Shares allotted to the placees.** Representing the number of Class A Ordinary Shares held by the relevant placees upon Listing to the best knowledge of the Company after due enquiry.


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BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the Prospectus, a total of 64,949 valid
applications made by the public will be conditionally allocated on the basis set out below:
NO. OF
SHARES
APPLIED FOR
NO. OF
VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL
NO. OF SHARES
APPLIED FOR
POOL A
100 32,160 2,135 out of 32,160 to receive 100 Shares 6.64%
200 8,553 1,135 out of 8,553 to receive 100 Shares 6.64%
300 3,230 643 out of 3,230 to receive 100 Shares 6.64%
400 1,247 331 out of 1,247 to receive 100 Shares 6.64%
500 1,904 632 out of 1,904 to receive 100 Shares 6.64%
600 806 321 out of 806 to receive 100 Shares 6.64%
700 527 245 out of 527 to receive 100 Shares 6.64%
800 552 293 out of 552 to receive 100 Shares 6.63%
900 382 228 out of 382 to receive 100 Shares 6.63%
1,000 5,739 3,803 out of 5,739 to receive 100 Shares 6.63%
1,500 1,117 1,111 out of 1,117 to receive 100 Shares 6.63%
2,000 1,147 100 Shares plus 374 out of 1,147 to receive
 additional 100 Shares
6.63%
2,500 568 100 Shares plus 374 out of 568 to receive
 additional 100 Shares
6.63%
3,000 1,253 100 Shares plus 1,238 out of 1,253 to receive
 additional 100 Shares
6.63%
3,500 337 200 Shares plus 108 out of 337 to receive
 additional 100 Shares
6.63%
4,000 304 200 Shares plus 198 out of 304 to receive
 additional 100 Shares
6.63%
4,500 182 200 Shares plus 179 out of 182 to receive
 additional 100 Shares
6.63%
5,000 654 300 Shares plus 206 out of 654 to receive
 additional 100 Shares
6.63%
6,000 349 300 Shares plus 342 out of 349 to receive
 additional 100 Shares
6.63%


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11
NO. OF
SHARES
APPLIED FOR
NO. OF
VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL
NO. OF SHARES
APPLIED FOR
7,000 221 400 Shares plus 142 out of 221 to receive
 additional 100 Shares
6.63%
8,000 241 500 Shares plus 73 out of 241 to receive
 additional 100 Shares
6.63%
9,000 137 500 Shares plus 133 out of 137 to receive
 additional 100 Shares
6.63%
10,000 1,124 600 Shares plus 708 out of 1,124 to receive
 additional 100 Shares
6.63%
20,000 552 1,300 Shares plus 145 out of 552 to receive
 additional 100 Shares
6.63%
30,000 388 1,900 Shares plus 346 out of 388 to receive
 additional 100 Shares
6.63%
40,000 154 2,600 Shares plus 81 out of 154 to receive
 additional 100 Shares
6.63%
50,000 176 3,300 Shares plus 27 out of 176 to receive
 additional 100 Shares
6.63%
60,000 98 3,900 Shares plus 77 out of 98 to receive
 additional 100 Shares
6.63%
70,000 51 4,600 Shares plus 21 out of 51 to receive
 additional 100 Shares
6.63%
80,000 68 5,300 Shares plus 3 out of 68 to receive
 additional 100 Shares
6.63%
90,000 34 5,900 Shares plus 23 out of 34 to receive
 additional 100 Shares
6.63%
100,000 291 6,600 Shares plus 90 out of 291 to receive
 additional 100 Shares
6.63%
64,546 Total number of Pool A successful
 applicants: 19,206


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12
NO. OF
SHARES
APPLIED FOR
NO. OF
VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL
NO. OF SHARES
APPLIED FOR
POOL B
200,000 211 9,200 Shares plus 92 out of 211 to receive
 additional 100 Shares
4.62%
300,000 54 13,800 Shares plus 35 out of 54 to receive
 additional 100 Shares
4.62%
400,000 29 18,400 Shares plus 25 out of 29 to receive
 additional 100 Shares
4.62%
500,000 50 23,100 Shares plus 4 out of 50 to receive
 additional 100 Shares
4.62%
1,000,000 22 46,200 Shares plus 4 out of 22 to receive
 additional 100 Shares
4.62%
1,500,000 10 69,300 Shares plus 2 out of 10 to receive
 additional 100 Shares
4.62%
2,000,000 3 92,400 Shares plus 1 out of 3 to receive
 additional 100 Shares
4.62%
2,206,200 24 101,900 Shares plus 15 out of 24 to receive
 additional 100 Shares
4.62%
403 Total number of Pool B successful
 applicants: 403
As of the date of this announcement, the relevant subscription monies previously deposited in the
designated nominee accounts have been remitted back to the accounts of all HKSCC participants.
Investors should contact their relevant brokers for any inquiries.


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13
COMPLIANCE WITH LISTING RULES AND GUIDANCE
The Directors confirm that, except for the Listing Rules that have been waived and/or in respect of
which consent has been obtained, the Company has complied with the Listing Rules and guidance
materials in relation to the placing, allotment and listing of the Class A Ordinary Shares.
The Directors confirm that, to the best of their knowledge, the consideration paid by the placees
or the public (as the case may be) directly or indirectly for each Offer Share subscribed for
or purchased by them is the same as the final Offer Price in addition to any brokerage, AFRC
transaction levy, SFC transaction levy and Stock Exchange trading fee payable.
The Directors and the Overall Coordinators confirm that at least 50% of the total number of
the Offer Shares have been allocated to and taken up by independent price setting investors in
compliance with Rule 18C.08 of the Listing Rules.
OTHERS/ADDITIONAL INFORMATION
Placing to a connected client with a prior consent under paragraph 1C(1) of the Placing
Guidelines
Under the International Offering, certain Offer Shares were placed to a connected client of its
connected distributor pursuant to the Placing Guidelines.


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14
The Company has applied to the Stock Exchange for, and the Stock Exchange has granted, a consent under paragraph 1C(1) of the Placing
Guidelines to permit the Company to allocate such Offer Shares in the International Offering to the connected client. The allocation of Offer
Shares to such connected client is in compliance with all the conditions under the consent granted by the Stock Exchange. Details of the
placement to connected client are set out below:
No.
Connected
Distributor Connected Client Relationship
Whether the
connected
client will hold
the beneficial
interests of the
Offer Shares
on a non-
discretionary
basis or
discretionary
basis for
independent
third parties
Number
of Offer
Shares to
be allocated
to the
Connected
Client
Approximate
percentage of
total number
of Offer
Shares under
the Global
Offering
(assuming
no exercise
of the Over-
allotment
Option)
Approximate
percentage of
total issued
share capital
immediately
following
the Global
Offering
(assuming
the Over-
allotment
Option is not
exercised)
1. Morgan Stanley
Asia Limited
(“MSAL”)
Morgan Stanley
Investment
Management Inc.
(“MSIM Inc. ”)
on behalf of
its underlying
discretionary
clients and
funds
(Note)
MSIM Inc. and
MSAL are
entities within the
Morgan Stanley
group.
Discretionary
basis
8,599,000 9.7% 0.8%
Note:
MSIM Inc. will hold the Offer Shares in its capacity as the fund manager acting as agent on behalf of its underlying discretionary clients and funds. Each of the
underlying discretionary clients and funds of MSIM Inc. is an independent third party of MSIM Inc. and MSAL and the other companies that are members of the same
group as MSAL.


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15
DISCLAIMERS
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and
Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this
announcement, make no representation as to its accuracy or completeness and expressly disclaim
any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or
any part of the contents of this announcement.
This announcement is not for release, publication, distribution, directly or indirectly, in or
into the United States (including its territories and possessions, any state of the United States
and the District of Columbia). This announcement does not constitute or form a part of any
offer or solicitation to purchase or subscribe for securities in the United States or in any other
jurisdiction. Securities may not be offered or sold in the United States absent registration or an
exemption from registration under the U.S. Securities Act. Any public offering of our securities
to be made in the United States will be made by means of a prospectus that may be obtained
from us and that will contain detailed information about us and our management, as well as
financial statements. The public offering of securities described herein in the United States is
being made only by means of a prospectus supplement and the accompanying prospectus. The
accompanying prospectus is included in an automatic shelf registration statement on Form F-3
filed with the U.S. Securities and Exchange Commission on November 3, 2025 (New York
time), which automatically became effective upon filing.
This announcement is for information purposes only and does not constitute an invitation or
offer to acquire, purchase or subscribe for securities. This announcement is not a prospectus.
Potential investors should read the Prospectus dated October 28, 2025 issued by WeRide Inc. for
detailed information about the Global Offering described below before deciding whether or not
to invest in the Offer Shares thereby being offered.
#Potential investors of the Offer Shares should note that the Joint Sponsors and the Overall
Coordinators (for themselves and on behalf of the Hong Kong Underwriters) shall be entitled
to terminate their obligations under the Hong Kong Underwriting Agreement with immediate
effect upon the occurrence of any of the events set out in the section headed “Underwriting
{ Underwriting Arrangements {  Hong Kong Public Offering {  Hong Kong Underwriting
Agreement { Grounds for Termination ” in the Prospectus at any time prior to 8:00 a.m. (Hong
Kong time) on the Listing Date (which is currently expected to be on November 6, 2025).
PUBLIC FLOAT AND FREE FLOAT
Immediately following the completion of the Global Offering (before any exercise of the
Over-allotment Option), the total number of the Class A Ordinary Shares held by the public
represents approximately 97.2% of the total issued Class A Ordinary Shares of the Company,
which is higher than the prescribed percentage of Class A Ordinary Shares required to be held in
public hands of 15% under Rule 8.08(1) of the Listing Rules calculated based on the final Offer
Price of HK$27.10 per Offer Share, thereby satisfying the public float requirement under Rule
8.08(1) of the Listing Rules.


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Each of the Key Persons and the members of the Single Largest Group of Shareholders has agreed
to a lock-up of twelve months following the Listing Date. As such, Class A Ordinary Shares
held by these shareholders upon Listing shall not be counted towards the free float of the Class
A Ordinary Shares. Based on the final Offer Price of HK$27.10 per Offer Share, the Company
satisfies the free float requirement under Rule 8.08A of the Listing Rules.
The Directors confirm that, immediately following the completion of the Global Offering (before
any exercise of the Over-allotment Option), (i) no placee will, individually, be placed more than
10% of the enlarged total issued Class A Ordinary Shares of the Company immediately after
the Global Offering; (ii) there will not be any new substantial Shareholder immediately after the
Global Offering; (iii) the three largest public Class A Ordinary Shareholders of the Company do
not hold more than 50% of the Class A Ordinary Shares in public hands at the time of the Listing
in compliance with Rules 8.08(3) and 8.24 of the Listing Rules; and (iv) there will be at least 300
Class A Ordinary Shareholders at the time of the Listing in compliance with Rule 8.08(2) of the
Listing Rules.
COMMENCEMENT OF DEALINGS
The Share certificates will only become valid evidence of title at 8:00 a.m. on Thursday, November
6, 2025 (Hong Kong time), provided that the Global Offering has become unconditional and the
right of termination described in the section headed “Underwriting {  Underwriting Arrangements
{ Hong Kong Public Offering {  Hong Kong Underwriting Agreement {  Grounds for
Termination ” in the Prospectus has not been exercised. Investors who trade the Class A Ordinary
Shares on the basis of publicly available allocation details prior to the receipt of Share certificates
or prior to the Share certificates becoming valid evidence of title do so entirely at their own risk.
Assuming that the Global Offering becomes unconditional at or before 8:00 a.m. on Thursday,
November 6, 2025 (Hong Kong time), it is expected that dealings in the Class A Ordinary Shares
on the Stock Exchange will commence at 9:00 a.m. on Thursday, November 6, 2025 (Hong Kong
time). The Class A Ordinary Shares will be traded in board lots of 100 Class A Ordinary Shares
each, and the stock code of the Class A Ordinary Shares will be 0800.
By order of the Board
WeRide Inc.
Dr. Tony Xu Han
Chairman of the Board, Executive Director and Chief Executive Officer
Hong Kong, November 5, 2025
As at the date of this announcement, Directors and proposed Director of the Company are: (i) Dr.
Tony Xu Han and Dr. Yan Li as executive Directors; (ii) Mr. Kazuhiro Doi and Mr. Jean-François
Salles as non-executive Directors; and (iii) Ms. Huiping Yan, Mr. David Zhang and Dr. Tony Fan-
cheong Chan as independent non-executive Directors.