SCHEDULE: WeRide Inc. Reveals Key Shareholder Stakes

Multiple Chinese entities, led by Zhengzhou Yutong Group, disclose significant beneficial ownership in WeRide Inc.'s Class A ordinary shares.

Summary

• Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership beneficially owns 43,899,193 Class A ordinary shares, representing 5.06% of the outstanding Class A shares and 1.43% of the total outstanding voting power.
• Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP) beneficially owns 35,173,777 Class A ordinary shares, representing 4.05% of the outstanding Class A shares and 1.15% 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 79,072,970 Class A ordinary shares, which is 9.11% of the outstanding Class A shares and 2.58% 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 79,072,970 Class A ordinary shares, representing 9.11% of the outstanding Class A shares and 2.58% of the total outstanding voting power.
• As of June 30, 2025, WeRide Inc. has 867,770,146 Class A ordinary shares and 54,814,423 Class B ordinary shares issued and outstanding.
• Each American Depositary Share (ADS) of WeRide Inc. represents three Class A ordinary shares.
• Class A ordinary shares are entitled to one vote per share, while Class B ordinary shares are entitled to 40 votes per share.

Sentiment

Score: 5

Explanation: Factual disclosure of beneficial ownership, providing transparency without indicating positive or negative operational or financial news.

Positives

• The disclosure provides transparency regarding significant, stable ownership stakes in WeRide Inc. by a group of related Chinese entities.

Future Outlook

NA

Industry Context

This filing provides transparency on significant ownership stakes in WeRide Inc., a company likely involved in autonomous driving or related technology, by entities linked to a major Chinese industrial group, Zhengzhou Yutong Group. This highlights the involvement of strategic investors in the company's capital structure, which is common in the high-growth, capital-intensive autonomous vehicle industry.

Related Party Transactions

• The filing details a hierarchical ownership structure where Zhengzhou Yutong Group Co., Ltd. wholly owns Zhengzhou Xuxin Industrial Co., Ltd., which in turn acts as the general partner for both Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership and Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP). This establishes a clear control relationship among the reporting entities regarding their beneficial ownership of WeRide Inc. shares.

Stakeholder Impact

• Increased transparency for shareholders regarding significant ownership stakes in WeRide Inc.
• Confirms the continued strategic interest and investment by a major industrial group in WeRide Inc.

Key Dates

Recommendation

This filing is a routine disclosure of beneficial ownership and does not contain new financial or operational information that would warrant a change in investment recommendation. It confirms a significant, stable ownership stake by a group of related Chinese entities, which provides transparency but no immediate catalyst for a 'buy' or 'sell' decision.

Keywords

WeRide Inc., Beneficial Ownership, SEC Filing, Schedule 13G, Class A Ordinary Shares, American Depositary Shares, Zhengzhou Yutong Group, Beijing Xufeng, Zhengzhou Xufeng, Autonomous Driving