WeRide Inc.

LISTING RULES IMPLICATIONS

The Subscription under the Capital Increase Agreement constitutes a deemed disposal of the Company’s equity interests in Jingshuo under Rule 14.29 of the Listing Rules.

As the Jingshuo Equity Incentive Scheme involves the grant of equity interests in Jingshuo, the adoption of the Jingshuo Equity Incentive Scheme also constitutes a deemed disposal of the Company’s equity interests in Jingshuo under Rule 14.32A of the Listing Rules, and therefore should be aggregated with the Subscription under Rule 14.22 of the Listing Rules.

Upon the completion of the Subscription and the implementation and full utilization of the Jingshuo Equity Incentive Scheme, the Company’s equity interests in Jingshuo will be diluted from 100.00% to approximately 67.63%, representing a deemed disposal of 32.37% of the equity interests in Jingshuo. As one or more of the applicable percentage ratios (as defined under the Listing Rules) in respect of the deemed disposal exceed 5% but all of them are less than 25%, the deemed disposal is subject to the reporting and announcement requirements but exempt from the circular and shareholders’ approval requirements under Chapter 14 of the Listing Rules.

Mr. Huo is a director of Jingshuo, and is therefore a connected person of the Company at the subsidiary level under Rule 14A.07(1) of the Listing Rules. Mr. Han is the brother of Dr. Han, an executive Director, and is therefore an associate of Dr. Han and a connected person of the Company under Rule 14A.07(4) of the Listing Rules. Accordingly, the awards grant to each of Mr. Huo and Mr. Han under the Jingshuo Equity Incentive Scheme constituted a connected transaction of the Company under Chapter 14A of the Listing Rules. As one or more of the applicable percentage ratios in respect of the awards grant to Mr. Huo exceed 1% but all of them are less than 5%, the awards grant to Mr. Huo is subject to the reporting and announcement requirements but exempt from the circular and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules. As one or more of the applicable percentage ratios in respect of the awards grant to Mr. Han exceed 0.1% but all of them are less than 5%, the awards grant to Mr. Han is subject to the reporting and announcement requirements but exempt from the circular and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules.