WERIDE-W (00800): Jing Shuo, Taizhou WeRide and investors entered into a capital increase agreement

WERIDE-W (00800) announced that on October 28, 2026 (after trading hours), Jing Shuo, Taizhou WeRide and the investors (Ningbo Yongyuan, Primus Vesalius and/or Tianlang Luxhong) (among others) entered into a capital increase agreement, pursuant to which the investors agreed to subscribe for an aggregate of RMB4 million of registered capital of Jing Shuo at an aggregate consideration of RMB70 million, representing approximately 3.38% of the registered capital of Jing Shuo immediately after completion of the subscription and the implementation and full utilization of the Jing Shuo equity incentive plan. On October 28, 2026 (after trading hours), the then sole shareholder of Jing Shuo (namely Taizhou WeRide) and the board of directors approved the adoption of the Jing Shuo equity incentive plan. As of the date of this announcement, Jing Shuo is not a major subsidiary of the Company, and therefore the Jing Shuo equity incentive plan does not constitute a share scheme governed by Chapter 17 of the Listing Rules. The maximum amount of relevant equity in respect of which awards may be granted under the Jing Shuo equity incentive plan corresponds to RMB34.2857 million of the registered capital of Jing Shuo, representing approximately 28.98% of the total registered capital of Jing Shuo immediately after completion of the subscription and the implementation and full utilization of the Jing Shuo equity incentive plan. On October 28, 2026 (after trading hours), the board of directors of Jing Shuo approved the first grant of awards under the Jing Shuo equity incentive plan. Accordingly, awards corresponding to RMB18.2857 million of the registered capital of Jing Shuo were granted to three participants. The awards granted under the first award grant are settled by way of direct equity interests in Jing Shuo and are subject to the terms of the Jing Shuo equity incentive plan and the relevant grant agreements. Pursuant to the first award grant, the participants subscribed for an aggregate of RMB18.2857 million of the registered capital of Jing Shuo at an aggregate consideration of RMB18.2857 million. Among the awards granted under the first award grant, awards corresponding to RMB8 million of the registered capital of Jing Shuo were granted to each founder respectively. Pursuant to such grants, each founder subscribed for RMB8 million of the registered capital of Jing Shuo at a consideration of RMB8 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.