WeRide Inc. (WERIDE-W) has issued a circular convening its annual general meeting (AGM) for 26 June 2026 in Guangzhou. Key resolutions for shareholder vote are as follows:
1. Board Composition • Seven directors—founder-CEO Dr. Tony Xu Han, co-founder-CTO Dr. Yan Li, two non-executive directors and three independent non-executive directors—will stand for re-election. • The Nomination Committee confirmed all independent directors meet Rule 3.13 independence requirements.
2. Share Issuance Mandate • Directors seek authority to allot, issue or transfer up to 20 % of issued shares (excluding treasury shares) during the mandate period. • Based on 1,004.78 million issued shares (excluding 22.54 million treasury shares) as at 30 April 2026, the limit equates to approximately 200.96 million Class A ordinary shares. • The mandate would include sales of treasury shares and be extendable by the number of shares repurchased under the buyback mandate.
3. Share/ADS Repurchase Mandate • The Company proposes authority to repurchase up to 10 % of issued shares (excluding treasury shares)—about 100.48 million Class A ordinary shares or ADS equivalents. • Repurchases may be executed on the Hong Kong Stock Exchange or Nasdaq, funded by internal resources. • Management does not expect the mandate’s full use to materially affect working capital or gearing.
4. Auditor Re-appointment • KPMG and KPMG Huazhen LLP are nominated for re-appointment as joint auditors. • The estimated audit fee for FY 2026 is approximately RMB 8.00 million.
5. Capital Structure Snapshot (30 April 2026) • 972.51 million Class A shares outstanding, including 22.54 million held in treasury. • 54.81 million Class B shares outstanding. • One Class A share carries one vote; one Class B share carries ten votes except on reserved matters.
6. Voting Logistics • Share record date: 22 May 2026 (Hong Kong time). • ADS record date: 22 May 2026 (New York time). • Proxy forms must be lodged 48 hours before the AGM; ADS voting instructions are due by 16 June 2026 (New York time).
The Board recommends shareholders vote in favour of all resolutions. Treasury shares held by the Company will not carry voting rights at the meeting.