WERIDE-W (00800) has announced a proposal to adopt a new 2026 share plan. The company currently operates under the 2018 share plan, the terms of which do not comply with Chapter 17 of the Listing Rules. Consequently, following its listing, the company is prohibited from making further grants under the 2018 plan. The Board of Directors has therefore recommended the adoption of the 2026 share plan, which is fully compliant with the relevant Listing Rules. The primary objective of the 2026 share plan is to attract, incentivize, and retain employees, directors, and consultants through the granting of awards. The maximum number of A class ordinary shares, including treasury shares, that may be issued or transferred under the 2026 share plan shall not exceed 10% of the total number of issued and outstanding shares, excluding any treasury shares, as of the date the plan receives shareholder approval. This limit will be subject to equitable adjustment in the event of any share subdivision, consolidation, or similar transaction to maintain the percentage relative to the total issued and outstanding A class ordinary shares. Within the overall plan limit, the maximum number of A class ordinary shares, including treasury shares, that may be issued or transferred to consultants shall not exceed 1% of the total issued and outstanding shares, excluding treasury shares, as of the approval date, with the same adjustment mechanism applying for relevant corporate actions.