SCHEDULE 13G: Chinese Entities Disclose Significant 17.2% Stake in WeRide Inc. Class A Shares

A group of Chinese entities, led by Zhengzhou Yutong Group Co., Ltd., has disclosed a combined beneficial ownership of 17.2% of WeRide Inc.'s Class A ordinary shares, representing 4.5% of total voting power.

Summary

• Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership beneficially owns 66,247,450 Class A ordinary shares of WeRide Inc., representing 8.6% of the Class A shares and 2.2% of the total outstanding voting power.
• Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP) also beneficially owns 66,247,450 Class A ordinary shares of WeRide Inc., representing 8.6% of the Class A shares and 2.2% of the total outstanding voting power.
• Zhengzhou Xuxin Industrial Co., Ltd., as the general partner of both Beijing Xufeng and Zhengzhou Xufeng, is deemed to beneficially own a total of 132,494,900 Class A ordinary shares.
• This combined ownership by Zhengzhou Xuxin Industrial Co., Ltd. represents 17.2% of WeRide Inc.'s Class A ordinary shares and 4.5% of the total outstanding voting power.
• Zhengzhou Yutong Group Co., Ltd., which wholly owns Zhengzhou Xuxin Industrial Co., Ltd., is also deemed to beneficially own the same 132,494,900 Class A ordinary shares, equating to 17.2% of the Class A shares and 4.5% of the total outstanding voting power.
• The percentage of voting power is calculated based on WeRide Inc.'s Class A ordinary shares (one vote per share) and Class B ordinary shares (40 votes per share) as a single class.
• As of December 31, 2024, WeRide Inc. had 771,399,682 Class A ordinary shares outstanding.

Sentiment

Score: 5

Explanation: This is a standard Schedule 13G filing disclosing beneficial ownership, which is a factual disclosure and does not inherently convey positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Zhengzhou Yutong Group Co., Ltd. wholly owns Zhengzhou Xuxin Industrial Co., Ltd.
• Zhengzhou Xuxin Industrial Co., Ltd. is the general partner of both Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership and Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP).

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional ownership stake, which could influence corporate governance and strategic decisions.
• Management: Indicates the presence of a substantial shareholder group that may have specific interests or exert influence on company direction.

Key Dates

Keywords

WeRide Inc., Beneficial Ownership, Schedule 13G, Class A Ordinary Shares, Zhengzhou Yutong Group Co. Ltd., Zhengzhou Xuxin Industrial Co. Ltd., Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership, Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP), SEC Filing, Institutional Ownership