RegulatoryJul 13, 2026, 09:21 AM
WeRide gets HKEX waiver for founders' share transfer to trusts
AI Summary
WeRide Inc. announced that it has been granted a waiver by The Stock Exchange of Hong Kong Limited from strict compliance with Listing Rule 8A.18(1). This waiver allows the company's founders, Dr. Tony Xu Han and Dr. Yan Li, to transfer shares from their wholly-owned companies to family trusts. A key condition of the waiver is that both founders will retain sole control over the voting rights attached to the Class B ordinary shares held within their respective family trust structures.
Key Highlights
- WeRide Inc. received a waiver from strict compliance with HKEX Listing Rule 8A.18(1).
- The waiver facilitates the allotment and issuance of new shares by Dr. Tony Xu Han's company (XHL) to a family trust.
- It also facilitates the allotment and issuance of new shares by Dr. Yan Li's company (Humber Partners) to a family trust.
- Following the transfer, XHL will be 80% owned by Dr. Han and 20% by his family trust.
- Humber Partners will be 80% owned by Dr. Li and 20% by his family trust.
- Dr. Han and Dr. Li will retain sole control over the voting rights of the Class B ordinary shares.
Price Impact
More from WRD