WeRide Inc.

The Restructuring

To delineate the business operations of the Group and the Jingshuo Group, and to establish a market-oriented operating and financing framework for the Jingshuo Group, the Group and the Jingshuo Group intend to implement a Restructuring plan. The Restructuring is expected to involve a series of arrangements pursuant to which assets, intellectual property rights, business contracts, and personnel relating to data business will be transferred or licensed to the Jingshuo Group, while the Group will retain the data tools and technical capabilities necessary for its autonomous driving research and development activities.

Upon the completion of the Restructuring, the Group will continue to focus on its core autonomous driving business, while the Jingshuo Group will operate as an independent data business platform principally engaged in data collection, annotation, processing and related technology development.

The detailed plan of the Restructuring has not yet been finalized and will be agreed upon at a later stage. The Company will comply with the applicable requirements under the Listing Rules in respect of the Restructuring as and when appropriate.