SCHEDULE: WeRide Inc. Reports Significant Beneficial Ownership

Zhengzhou Yutong Group and its affiliates disclose an 8.06% beneficial ownership stake in WeRide Inc.'s Class A ordinary shares.

Summary

• Beijing Xufeng Zhiyuan Intelligent Technology Partnership (Limited Partnership) beneficially owns 43,588,447 Class A ordinary shares of WeRide Inc., representing 5.02% of the class and 1.42% of total voting power.
• Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP) beneficially owns 26,395,159 Class A ordinary shares, representing 3.04% of the class and 0.86% of total voting power.
• Zhengzhou Xuxin Industrial Co., Ltd., as the general partner of both Beijing Xufeng and Zhengzhou Xufeng, is deemed to beneficially own an aggregate of 69,983,606 Class A ordinary shares.
• Zhengzhou Yutong Group Co., Ltd., which wholly owns Zhengzhou Xuxin Industrial Co., Ltd., is also deemed to beneficially own 69,983,606 Class A ordinary shares.
• The 69,983,606 Class A ordinary shares represent 8.06% of WeRide Inc.'s total outstanding Class A ordinary shares and 2.29% of the total outstanding voting power as of September 30, 2025.
• WeRide Inc. has 868,245,706 Class A ordinary shares and 54,814,423 Class B ordinary shares issued and outstanding as of September 30, 2025.
• Each Class A ordinary share is entitled to one vote, while each Class B ordinary share is entitled to 40 votes.

Sentiment

Score: 5

Explanation: The filing is a standard disclosure of beneficial ownership, providing factual information without inherent positive or negative sentiment regarding company performance or outlook.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of beneficial ownership and does not provide specific industry context beyond identifying WeRide Inc. as a company with a dual-class share structure, common in technology firms, particularly those with Chinese origins, to maintain founder control.

Related Party Transactions

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

Stakeholder Impact

• Shareholders: The disclosure clarifies the significant ownership stake and voting power held by Zhengzhou Yutong Group and its affiliates, indicating a concentrated ownership structure that could influence corporate decisions.
• Management: Awareness of a significant institutional shareholder group with a substantial stake may influence strategic planning and governance.

Key Dates

Keywords

WeRide Inc., Beneficial Ownership, Schedule 13G, Class A Ordinary Shares, Voting Power, Zhengzhou Yutong Group, Autonomous Driving, China