WERIDE-W (00800): Stabilization Actions, End of Stabilization Period, and Lapse of Over-Allotment Option

Stock News
2025/12/03

WERIDE-W (00800) announced that the stabilization period for its global offering ended on Wednesday, December 3, 2025 (the 30th day after the deadline for the Hong Kong public offering application). The stabilization actions conducted by the stabilizing agent, China International Capital Corporation Hong Kong Securities Limited, its affiliates, or any parties acting on its behalf during the stabilization period are detailed as follows:

(i) An over-allotment of 13,237,500 offer shares in the international offering, representing no more than 15% of the total shares available under the global offering prior to the exercise of any over-allotment option.

(ii) Under a share borrowing agreement dated October 31, 2025, between the stabilizing agent and Yanli Holdings Limited, the stabilizing agent borrowed 13,237,500 offer shares from Yanli Holdings Limited to cover the over-allotment in the international offering. These Class A ordinary shares will be returned and redelivered to Yanli Holdings Limited in accordance with the terms of the agreement.

(iii) During the stabilization period, a total of 13,237,500 offer shares were purchased in the market at prices ranging from HK$18.38 to HK$24.98 per Class A ordinary share, not exceeding 15% of the shares available under the global offering prior to the exercise of any over-allotment option. The last market purchase by the stabilizing agent, its affiliates, or any parties acting on its behalf was made on November 24, 2025, at HK$20.52 per Class A ordinary share.

Additionally, the overall coordinators (acting for themselves and on behalf of the international underwriters) did not exercise the over-allotment option during the stabilization period, and the option lapsed on December 3, 2025. As a result, the company has not and will not issue any additional Class A ordinary shares under the over-allotment option.

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