Zhengzhou Yutong Group (WRD) reports 6.75% Class A stake in WeRide
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
WeRide Inc. received an updated ownership report from a group of China-based entities as of December 31, 2025. Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership beneficially owns 39,790,747 Class A ordinary shares, equal to 4.09% of the Class A shares and 1.26% of total voting power.
Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP) holds 25,868,845 Class A shares, or 2.66% of Class A and 0.82% of voting power. Through its role as general partner of these entities, Zhengzhou Xuxin Industrial Co., Ltd. may be deemed to beneficially own 65,659,592 Class A shares, representing 6.75% of Class A and 2.07% of voting power.
Zhengzhou Yutong Group Co., Ltd., as owner of Zhengzhou Xuxin, may also be deemed to beneficially own the same 65,659,592 Class A shares. WeRide has 972,508,041 Class A and 54,814,423 Class B shares outstanding, with each Class B share carrying 40 votes versus one vote for each Class A share.
Positive
- None.
Negative
- None.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
|
UNDER THE SECURITIES EXCHANGE ACT OF 1934
|
(Amendment No. 2)
|
WeRide Inc. (Name of Issuer) |
Class A ordinary shares, par value US$0.00001 per share* *The CUSIP applies to the ADSs of WeRide Inc.; the ordinary shares do not have a CUSIP. (Title of Class of Securities) |
950915108 (CUSIP Number) |
12/31/2025 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
| Rule 13d-1(b) |
| Rule 13d-1(c) |
| Rule 13d-1(d) |
SCHEDULE 13G
|
| CUSIP No. | 950915108 |
| 1 | Names of Reporting Persons
Beijing Xufeng Zhiyuan Intelligent Technology Partnership (Limited Partnership) | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CHINA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
39,790,747.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
4.09 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
Comment for Type of Reporting Person: * Represents 39,790,747 Class A ordinary shares represented by 13,263,582 American Depositary Shares and 1 Class A ordinary share held by Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership, or Beijing Xufeng. Each American Depositary Share represents three Class A ordinary shares. The registered address of Beijing Xufeng is Room 2099, No. 101, Building 1, Compound 36, South Hongjunying Road, Chaoyang District, Beijing, China.
** The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the issuer's issued and outstanding Class A ordinary shares as of December 31, 2025, as provided by the issuer.
The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the issuer's issued and outstanding Class A ordinary shares as of December 31, 2025, as provided by the issuer. According to the issuer, 972,508,041 Class A ordinary shares and 54,814,423 Class B ordinary shares are issued and outstanding as of December 31, 2025.
The shares beneficially owned by the reporting person represents 4.09% of the total outstanding Class A Ordinary Shares. The shares beneficially owned by the reporting person represents 1.26% of the total outstanding voting power. The percentage of voting power is calculated by dividing the voting power beneficially owned by the reporting person by the voting power beneficially owned by all of the issuer's holders of Class A ordinary shares and Class B ordinary shares as a single class as of December 31, 2025. Each holder of the Class A ordinary share is entitled to one vote per share and each holder of the Class B ordinary share is entitled to 40 votes per share.
SCHEDULE 13G
|
| CUSIP No. | 950915108 |
| 1 | Names of Reporting Persons
Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP) | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CHINA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
25,868,845.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
2.66 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
Comment for Type of Reporting Person: * Represents 25,868,845 Class A ordinary shares represented by 8,622,948 American Depositary Shares and 1 Class A ordinary share held by Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP), or Zhengzhou Xufeng. Each American Depositary Share represents three Class A ordinary shares. The registered address of Zhengzhou Xufeng is 5021, Floor 5, North of Financial Plaza, intersection of Huaxia Avenue and Yungang Road, Hangkonggang District, Zhengzhou City, Henan Province, China.
** The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the issuer's issued and outstanding Class A ordinary shares as of December 31, 2025, as provided by the issuer.
The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the issuer's issued and outstanding Class A ordinary shares as of December 31, 2025, as provided by the issuer. According to the issuer, 972,508,041 Class A ordinary shares and 54,814,423 Class B ordinary shares are issued and outstanding as of December 31, 2025.
The shares beneficially owned by the reporting person represents 2.66% of the total outstanding Class A Ordinary Shares. The shares beneficially owned by the reporting person represents 0.82% of the total outstanding voting power. The percentage of voting power is calculated by dividing the voting power beneficially owned by the reporting person by the voting power beneficially owned by all of the issuer's holders of Class A ordinary shares and Class B ordinary shares as a single class as of December 31, 2025. Each holder of the Class A ordinary share is entitled to one vote per share and each holder of the Class B ordinary share is entitled to 40 votes per share.
SCHEDULE 13G
|
| CUSIP No. | 950915108 |
| 1 | Names of Reporting Persons
Zhengzhou Xuxin Industrial Co., Ltd. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CHINA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
65,659,592.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
6.75 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person: * Represents (i) 39,790,747 Class A ordinary shares represented by 13,263,582 American Depositary Shares and 1 Class A ordinary share held by Beijing Xufeng, and (ii) 25,868,845 Class A ordinary shares represented by 8,622,948 American Depositary Shares and 1 Class A ordinary share held by Zhengzhou Xufeng. Each American Depositary Share represents three Class A ordinary shares. Zhengzhou Xuxin Industrial Co., Ltd is the general partner of both Beijing Xufeng and Zhengzhou Xufeng. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Zhengzhou Xuxin Industrial Co., Ltd. may be deemed to beneficially own all of the shares of the issuer owned by each of Beijing Xufeng and Zhengzhou Xufeng. The registered address of each of Zhengzhou Xuxin Industrial Co., Ltd. and Zhengzhou Xufeng is 5021, Floor 5, North of Financial Plaza, intersection of Huaxia Avenue and Yungang Road, Hangkonggang District, Zhengzhou City, Henan Province, China. The registered address of Beijing Xufeng is Room 2099, No. 101, Building 1, Compound 36, South Hongjunying Road, Chaoyang District, Beijing, China.
** The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the issuer's issued and outstanding Class A ordinary shares as of December 31, 2025, as provided by the issuer.
The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the issuer's issued and outstanding Class A ordinary shares as of December 31, 2025, as provided by the issuer. According to the issuer, 972,508,041 Class A ordinary shares and 54,814,423 Class B ordinary shares are issued and outstanding as of December 31, 2025.
The shares beneficially owned by the reporting person represents 6.75% of the total outstanding Class A Ordinary Shares. The shares beneficially owned by the reporting person represents 2.07% of the total outstanding voting power. The percentage of voting power is calculated by dividing the voting power beneficially owned by the reporting person by the voting power beneficially owned by all of the issuer's holders of Class A ordinary shares and Class B ordinary shares as a single class as of December 31, 2025. Each holder of the Class A ordinary share is entitled to one vote per share and each holder of the Class B ordinary share is entitled to 40 votes per share.
SCHEDULE 13G
|
| CUSIP No. | 950915108 |
| 1 | Names of Reporting Persons
Zhengzhou Yutong Group Co., Ltd. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CHINA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
65,659,592.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
6.75 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person: * Represents (i) 39,790,747 Class A ordinary shares represented by 13,263,582 American Depositary Shares and 1 Class A ordinary share held by Beijing Xufeng, and (ii) 25,868,845 Class A ordinary shares represented by 8,622,948 American Depositary Shares and 1 Class A ordinary share held by Zhengzhou Xufeng. Each American Depositary Share represents three Class A ordinary shares. The general partner of both entities is Zhengzhou Xuxin Industrial Co., Ltd., which is wholly owned by Zhengzhou Yutong Group Co., Ltd. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Zhengzhou Yutong Group Co., Ltd. may be deemed to beneficially own all of the shares of the issuer owned by each of Beijing Xufeng and Zhengzhou Xufeng. The registered address of Zhengzhou Yutong Group Co., Ltd. is No. 8, Changchun Road, High-Tech Industrial Development Zone, Zhengzhou City, China. The registered address of each of Zhengzhou Xuxin Industrial Co., Ltd. and Zhengzhou Xufeng is 5021, Floor 5, North of Financial Plaza, intersection of Huaxia Avenue and Yungang Road, Hangkonggang District, Zhengzhou City, Henan Province, China. The registered address of Beijing Xufeng is Room 2099, No. 101, Building 1, Compound 36, South Hongjunying Road, Chaoyang District, Beijing, China.
Zhengzhou Yutong Group Co., Ltd. is controlled by seven individuals, namely Yuxiang Tang, Jianwei Cao, Xinlei Lu, Yiguo Zhang, Bo Yang, Baofeng Zhang and Lei Wang. Each of these individuals disclaims beneficial ownership of the shares of the issuer owned by each of Beijing Xufeng and Zhengzhou Xufeng.
** The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the issuer's issued and outstanding Class A ordinary shares as of December 31, 2025, as provided by the issuer.
The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the issuer's issued and outstanding Class A ordinary shares as of December 31, 2025, as provided by the issuer. According to the issuer, 972,508,041 Class A ordinary shares and 54,814,423 Class B ordinary shares are issued and outstanding as of December 31, 2025.
The shares beneficially owned by the reporting person represents 6.75% of the total outstanding Class A Ordinary Shares. The shares beneficially owned by the reporting person represents 2.07% of the total outstanding voting power. The percentage of voting power is calculated by dividing the voting power beneficially
owned by the reporting person by the voting power beneficially owned by all of the issuer's holders of Class A ordinary shares and Class B ordinary shares as a single class as of December 31, 2025. Each holder of the Class A ordinary share is entitled to one vote per share and each holder of the Class B ordinary share is entitled to 40 votes per share
SCHEDULE 13G
|
| Item 1. | |
| (a) | Name of issuer:
WeRide Inc. |
| (b) | Address of issuer's principal executive offices:
21st Floor, Tower A, No. 51, Luoxuan Road, Guangzhou, China, 510005 |
| Item 2. | |
| (a) | Name of person filing:
Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership
Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP)
Zhengzhou Xuxin Industrial Co., Ltd.
Zhengzhou Yutong Group Co., Ltd. |
| (b) | Address or principal business office or, if none, residence:
Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership
Room 2099, No. 101, Building 1,
Compound 36, South Hongjunying Road,
Chaoyang District, Beijing, China
Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP)
5021, Floor 5, North of Financial Plaza,
intersection of Huaxia Avenue and Yungang Road,
Hangkonggang District, Zhengzhou City, Henan Province, China
Zhengzhou Xuxin Industrial Co., Ltd.
5021, Floor 5, North of Financial Plaza,
intersection of Huaxia Avenue and Yungang Road,
Hangkonggang District, Zhengzhou City, Henan Province, China
Zhengzhou Yutong Group Co., Ltd.
No. 8, Changchun Road,
High-Tech Industrial Development Zone,
Zhengzhou City, China |
| (c) | Citizenship:
Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership -- People's Republic of China
Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP) -- People's Republic of China
Zhengzhou Xuxin Industrial Co., Ltd. -- People's Republic of China
Zhengzhou Yutong Group Co., Ltd. -- People's Republic of China |
| (d) | Title of class of securities:
Class A ordinary shares, par value US$0.00001 per share* *The CUSIP applies to the ADSs of WeRide Inc.; the ordinary shares do not have a CUSIP. |
| (e) | CUSIP No.:
950915108 |
| Item 4. | Ownership |
| (a) | Amount beneficially owned:
Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership -- 39,790,747*
Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP) -- 25,868,845**
Zhengzhou Xuxin Industrial Co., Ltd. -- 65,659,592***
Zhengzhou Yutong Group Co., Ltd. -- 65,659,592****
*Represents 39,790,747 Class A ordinary shares represented by 13,263,582 American Depositary Shares and 1 Class A ordinary share held by Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership, or Beijing Xufeng, a limited partnership in People's Republic of China. Each American Depositary Share represents three Class A ordinary shares.
** Represents 25,868,845 Class A ordinary shares represented by 8,622,948 American Depositary Shares and 1 Class A ordinary share held by Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP), or Zhengzhou Xufeng, a limited partnership in People's Republic of China. Each American Depositary Share represents three Class A ordinary shares.
*** Represents (i) 39,790,747 Class A ordinary shares represented by 13,263,582 American Depositary Shares and 1 Class A ordinary share held by Beijing Xufeng, and (ii) 25,868,845 Class A ordinary shares represented by 8,622,948 American Depositary Shares and 1 Class A ordinary share held by Zhengzhou Xufeng. Each American Depositary Share represents three Class A ordinary shares. The general partner of both entities is Zhengzhou Xuxin Industrial Co., Ltd. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Zhengzhou Xuxin Industrial Co., Ltd. may be deemed to beneficially own all of the shares of the issuer owned by each of Beijing Xufeng and Zhengzhou Xufeng.
**** Represents (i) 39,790,747 Class A ordinary shares represented by 13,263,582 American Depositary Shares and 1 Class A ordinary share held by Beijing Xufeng, and (ii) 25,868,845 Class A ordinary shares represented by 8,622,948 American Depositary Shares and 1 Class A ordinary share held by Zhengzhou Xufeng. Each American Depositary Share represents three Class A ordinary shares. The general partner of both entities is Zhengzhou Xuxin Industrial Co., Ltd., which is wholly owned by Zhengzhou Yutong Group Co., Ltd. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Zhengzhou Yutong Group Co., Ltd. may be deemed to beneficially own all of the shares of the issuer owned by each of Beijing Xufeng and Zhengzhou Xufeng. |
| (b) | Percent of class:
Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership -- 4.09%, representing 1.26% of the total outstanding voting power
Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP) -- 2.66%, representing 0.82% of the total outstanding voting power
Zhengzhou Xuxin Industrial Co., Ltd. -- 6.75%, representing 2.07% of the total outstanding voting power Zhengzhou Yutong Group Co., Ltd. -- 6.75%, representing 2.07% of the total outstanding voting power
The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the issuer's issued and outstanding Class A ordinary shares as of December 31, 2025, as provided by the issuer.
The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the issuer's issued and outstanding Class A ordinary shares as of December 31, 2025, as provided by the issuer. According to the issuer, 972,508,041 Class A ordinary shares and 54,814,423 Class B ordinary shares are issued and outstanding as of December 31, 2025.
The percentage of voting power is calculated by dividing the voting power beneficially owned by the reporting person by the voting power beneficially owned by all of the issuer's holders of Class A ordinary shares and Class B ordinary shares as a single class as of December 31, 2025. Each holder of the Class A ordinary share is entitled to one vote per share and each holder of the Class B ordinary share is entitled to 40 votes per share. |
| (c) | Number of shares as to which the person has:
|
| (i) Sole power to vote or to direct the vote:
Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership -- 39,790,747*
Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP) -- 25,868,845**
Zhengzhou Xuxin Industrial Co., Ltd. -- 65,659,592***
Zhengzhou Yutong Group Co., Ltd. -- 65,659,592****
*Represents 39,790,747 Class A ordinary shares represented by 13,263,582 American Depositary Shares and 1 Class A ordinary share held by Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership, or Beijing Xufeng, a limited partnership in People's Republic of China. Each American Depositary Share represents three Class A ordinary shares.
** Represents 25,868,845 Class A ordinary shares represented by 8,622,948 American Depositary Shares and 1 Class A ordinary share held by Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP), or Zhengzhou Xufeng, a limited partnership in People's Republic of China. Each American Depositary Share represents three Class A ordinary shares.
*** Represents (i) 39,790,747 Class A ordinary shares represented by 13,263,582 American Depositary Shares and 1 Class A ordinary share held by Beijing Xufeng, and (ii) 25,868,845 Class A ordinary shares represented by 8,622,948 American Depositary Shares and 1 Class A ordinary share held by Zhengzhou Xufeng. Each American Depositary Share represents three Class A ordinary shares. The general partner of both entities is Zhengzhou Xuxin Industrial Co., Ltd. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Zhengzhou Xuxin Industrial Co., Ltd. may be deemed to beneficially own all of the shares of the issuer owned by each of Beijing Xufeng and Zhengzhou Xufeng.
**** Represents (i) 39,790,747 Class A ordinary shares represented by 13,263,582 American Depositary Shares and 1 Class A ordinary share held by Beijing Xufeng, and (ii) 25,868,845 Class A ordinary shares represented by 8,622,948 American Depositary Shares and 1 Class A ordinary share held by Zhengzhou Xufeng. Each American Depositary Share represents three Class A ordinary shares. The general partner of both entities is Zhengzhou Xuxin Industrial Co., Ltd., which is wholly owned by Zhengzhou Yutong Group Co., Ltd. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Zhengzhou Yutong Group Co., Ltd. may be deemed to beneficially own all of the shares of the issuer owned by each of Beijing Xufeng and Zhengzhou Xufeng. | |
| (ii) Shared power to vote or to direct the vote:
Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership -- 0
Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP) -- 0
Zhengzhou Xuxin Industrial Co., Ltd. -- 0
Zhengzhou Yutong Group Co., Ltd. -- 0 | |
| (iii) Sole power to dispose or to direct the disposition of:
Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership -- 39,790,747*
Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP) -- 25,868,845**
Zhengzhou Xuxin Industrial Co., Ltd. -- 65,659,592***
Zhengzhou Yutong Group Co., Ltd. -- 65,659,592****
*Represents 39,790,747 Class A ordinary shares represented by 13,263,582 American Depositary Shares and 1 Class A ordinary share held by Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership, or Beijing Xufeng, a limited partnership in People's Republic of China. Each American Depositary Share represents three Class A ordinary shares.
** Represents 25,868,845 Class A ordinary shares represented by 8,622,948 American Depositary Shares and 1 Class A ordinary share held by Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP), or Zhengzhou Xufeng, a limited partnership in People's Republic of China. Each American Depositary Share represents three Class A ordinary shares.
*** Represents (i) 39,790,747 Class A ordinary shares represented by 13,263,582 American Depositary Shares and 1 Class A ordinary share held by Beijing Xufeng, and (ii) 25,868,845 Class A ordinary shares represented by 8,622,948 American Depositary Shares and 1 Class A ordinary share held by Zhengzhou Xufeng. Each American Depositary Share represents three Class A ordinary shares. The general partner of both entities is Zhengzhou Xuxin Industrial Co., Ltd. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Zhengzhou Xuxin Industrial Co., Ltd. may be deemed to beneficially own all of the shares of the issuer owned by each of Beijing Xufeng and Zhengzhou Xufeng.
**** Represents (i) 39,790,747 Class A ordinary shares represented by 13,263,582 American Depositary Shares and 1 Class A ordinary share held by Beijing Xufeng, and (ii) 25,868,845 Class A ordinary shares represented by 8,622,948 American Depositary Shares and 1 Class A ordinary share held by Zhengzhou Xufeng. Each American Depositary Share represents three Class A ordinary shares. The general partner of both entities is Zhengzhou Xuxin Industrial Co., Ltd., which is wholly owned by Zhengzhou Yutong Group Co., Ltd. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Zhengzhou Yutong Group Co., Ltd. may be deemed to beneficially own all of the shares of the issuer owned by each of Beijing Xufeng and Zhengzhou Xufeng. | |
| (iv) Shared power to dispose or to direct the disposition of:
Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership -- 0
Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP) -- 0
Zhengzhou Xuxin Industrial Co., Ltd. -- 0
Zhengzhou Yutong Group Co., Ltd. -- 0 | |
| Item 5. | Ownership of 5 Percent or Less of a Class. |
Not Applicable
| |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
Not Applicable
| |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
Not Applicable
| |
| Item 8. | Identification and Classification of Members of the Group. |
Not Applicable
| |
| Item 9. | Notice of Dissolution of Group. |
Not Applicable
|
| Item 10. | Certifications: |
Not Applicable
|
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Comments accompanying signature: N/A
Exhibit Information
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Exhibit 99.1 -- Joint Filing Agreement |
FAQ
What ownership stake in WeRide Inc. does Zhengzhou Yutong Group (WRD) report?
Zhengzhou Yutong Group Co., Ltd. may be deemed to beneficially own 65,659,592 WeRide Class A ordinary shares, representing 6.75% of the Class A shares and 2.07% of total voting power as of December 31, 2025.
How many WeRide Class A shares does Beijing Xufeng hold and what is its voting power?
Beijing Xufeng Zhiyuan Intelligent Technology Limited Partnership beneficially owns 39,790,747 WeRide Class A shares, equal to 4.09% of Class A outstanding and 1.26% of total voting power, based on the company’s share count as of December 31, 2025.
What is the WeRide Inc. dual-class share structure mentioned in the WRD filing?
WeRide has 972,508,041 Class A ordinary shares and 54,814,423 Class B ordinary shares outstanding. Each Class A share carries one vote, while each Class B share carries 40 votes, meaning voting power differs significantly from simple ownership percentages.
How many WeRide shares does Zhengzhou Xufeng Jiayuan own and what percentage is this?
Zhengzhou Xufeng Jiayuan Intelligent Connected Enterprise Management Centre (LP) beneficially owns 25,868,845 WeRide Class A shares. This stake represents 2.66% of the outstanding Class A shares and 0.82% of the total voting power, calculated as of December 31, 2025.
How are WeRide American Depositary Shares (ADSs) related to Class A ordinary shares?
Each WeRide American Depositary Share represents three Class A ordinary shares. For example, Beijing Xufeng’s stake includes 13,263,582 ADSs plus one Class A share, and Zhengzhou Xufeng’s stake includes 8,622,948 ADSs plus one Class A share under this 3-to-1 ratio.
Why can Zhengzhou Xuxin Industrial be deemed to own WeRide shares held by other entities?
Zhengzhou Xuxin Industrial Co., Ltd. is the general partner of both Beijing Xufeng and Zhengzhou Xufeng. Under Section 13(d) rules, this role means it may be deemed to beneficially own all WeRide shares held by those partnerships, totaling 65,659,592 Class A shares.