WeRide Granted HKEX Waiver to Transfer WVR Shares to Founders’ Family Trusts

Bulletin Express07-13

Hong Kong Exchanges and Clearing Limited has approved WeRide Inc.’s application for a waiver from strict compliance with Rule 8A.18(1) of the Listing Rules.

The waiver allows two British Virgin Islands holding vehicles—Xu Han Limited (XHL) and Humber Partners Limited—to allot and issue new shares to trustees of family trusts established by the company’s two weighted-voting-rights (WVR) beneficiaries, Dr. Tony Xu Han and Dr. Yan Li.

Key terms of the restructuring are as follows: 1. XHL, which holds class B ordinary shares of WeRide, is now owned 80% by Dr. Han and 20% by the trustee of Dr. Han’s family trust. 2. Humber Partners, which holds both class A and class B ordinary shares, is now owned 80% by Dr. Li and 20% by the trustee of Dr. Li’s family trust.

Despite the partial transfers, each founder remains the protector of his respective family trust and retains sole voting control over the class B shares lodged within the trusts, preserving the existing WVR structure.

The board of directors continues to comprise Dr. Tony Xu Han and Dr. Yan Li as executive directors; Mr. Ichijo Futakawa and Mr. Jean-François Salles as non-executive directors; and Ms. Huiping Yan, Mr. David Zhang and Dr. Tony Fan-cheong Chan as independent non-executive directors.

The announcement was issued in Hong Kong on 13 July 2026.

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