香港交易及結算所有限公司、香港聯合交易所有限公司（「聯交所」）及香港中央結算有限公司 （「香港結算」）對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表 示概不就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 本公告僅作參考用途，並不構成任何人士收購、購買或認購本公司任何證券的要約或誘使作出 要約的邀請。本公告並非招股章程。潛在投資者應先閱讀招股章程有關下文所述全球發售的詳 細資料，方決定是否投資於發售股份。任何有關發售股份的投資決定應僅依據招股章程所提供 的資料作出。 本公告不會直接或間接於或向美國（包括其領土及屬地、美國任何州及哥倫比亞特區）發佈、 刊發或派發。本公告並不構成或組成於美國或於任何其他司法管轄區購買或認購證券的任何要 約或招攬的一部分。在未根據《1933年美國證券法》（經修訂）登記或獲豁免登記的情況下，不 得在美國發售或出售證券。擬在美國進行的任何證券公開發售將根據招股章程所載方式進行， 而該招股章程可向我們索取，當中載有有關我們及我們管理層的詳情以及財務報表。僅可通過 招股章程補充文件及隨附招股章程的方式在美國進行本公告所述的證券公開發售 ...

Core Viewpoint - Uber plans to participate in the IPOs of Pony.ai and WeRide in Hong Kong, strengthening its collaboration with these two autonomous taxi companies in China [1] Group 1: Stock Performance - Pony.ai's stock price increased by over 9.4%, reaching $21.55 [1] - WeRide's stock price rose by over 3%, reaching $11.54 [1] Group 2: Investment and Partnerships - Uber previously invested in the U.S. IPOs of both Pony.ai and WeRide [1] - Bosch Group has also invested in WeRide [1] - In May, Uber announced an additional investment of $100 million in WeRide [1] - Earlier this year, Uber collaborated with Pony.ai to enter the Middle East market and has been working with WeRide in Abu Dhabi [1]

Core Viewpoint - Company WeRide, a leader in L4 autonomous driving, is set to go public in Hong Kong, aiming to leverage its market position and attract significant investment amid a favorable IPO environment [1][2][3]. Group 1: Company Overview - WeRide operates one of the largest L4 autonomous driving fleets globally, with over 1,500 vehicles, including more than 700 Robotaxis, across 11 countries and over 30 cities [1][6]. - The company holds a 21.8% market share in the L4 autonomous driving revenue generated from urban roads as of 2024 [1][12]. - WeRide has received substantial investment commitments from industry giants like Uber, which pledged an additional $100 million [2]. Group 2: Financial Performance - In Q2, WeRide reported revenue of 127 million yuan, a year-on-year increase of 60.8%, with Robotaxi revenue soaring by 836.7% to 45.9 million yuan [7]. - The company’s Robotaxi revenue share increased from 8.9% to 31.1% year-on-year, contributing to a total revenue growth of 25.9% to 199.6 million yuan in the first half of 2025 [7]. Group 3: Market Position and Growth Potential - The global L4 and above autonomous driving market is projected to grow from $1 billion in 2024 to $1,464 billion by 2030, with a compound annual growth rate (CAGR) of 238% [11]. - WeRide has established a strong presence in key markets, including the Middle East and Europe, where it is the only company to deploy L4 fleets [11]. - The company has a robust cash position, holding 3.836 billion yuan in cash and cash equivalents as of June 2025, which supports its growth strategy [8]. Group 4: Research and Development - WeRide has invested heavily in R&D, with total expenditures reaching 3.553 billion yuan from 2022 to mid-2025, resulting in 594 authorized patents in China [9]. - The company’s proprietary WeRide One platform modularizes core software and hardware, facilitating the commercialization of its products across various autonomous driving scenarios [9][10]. Group 5: Competitive Advantage - WeRide has maintained a leading position in safety and reliability, with no regulatory penalties since launching its L4 products in 2019 [10]. - The company’s MPI (miles per intervention) metric has consistently ranked first among commercial autonomous driving firms from 2022 to 2024 [10]. Group 6: Valuation and Market Sentiment - As of October 24, WeRide's market capitalization was $3.491 billion, with a price-to-book (PB) ratio of approximately 3.8, significantly lower than its peers [17]. - If WeRide captures just 5% of the projected $431 billion Robotaxi market by 2030, its revenue could reach $21.55 billion, indicating substantial upside potential for its valuation [17].

Group 1 - Uber plans to invest approximately $100 million in Pony.ai's IPO in Hong Kong, deepening its collaboration with the autonomous driving companies [1] - Pony.ai aims to raise up to $972 million in its Hong Kong IPO, while WeRide plans to raise up to $398 million [1] - Other potential investors in the IPOs include Grab, Temasek, and Bosch [1] Group 2 - Uber previously participated in the US IPOs of both Pony.ai and WeRide, and invested an additional $100 million in WeRide earlier this year [2] - Grab has been actively investing in the autonomous driving sector, including a recent investment in May Mobility, with plans to introduce autonomous taxis in Southeast Asia [2] - Grab has also invested in WeRide, planning to deploy autonomous taxi fleets in Southeast Asia [2] Group 3 - Pony.ai plans to use the funds raised from its IPO to commercialize L4 autonomous driving technology in ride-hailing and trucking services, and to invest in R&D [3] - WeRide intends to use its IPO proceeds for the development of autonomous driving technology and to accelerate the commercial production of L4 autonomous vehicle fleets [3]

Group 1 - Uber plans to invest approximately $100 million in Pony.ai's IPO in Hong Kong, deepening its collaboration with the autonomous taxi companies in China [1] - Pony.ai aims to raise up to $972 million in its Hong Kong IPO, excluding any potential over-allotment [1] - Other potential investors in Pony.ai's IPO may include Grab, Temasek, and Bosch [1] Group 2 - Pony.ai intends to use the funds raised from the IPO to commercialize L4 autonomous driving technology in ride-hailing and trucking services, as well as for research and development [3] - WeRide plans to utilize its IPO proceeds to accelerate the commercialization of L4 autonomous vehicle fleets and expand its business over the next five years [3] Group 3 - Uber has previously invested in both Pony.ai and WeRide during their U.S. IPOs and has announced an additional $100 million investment in WeRide [2] - Grab has been actively investing in the autonomous driving sector, including a recent investment in May Mobility, with plans to introduce autonomous taxis in Southeast Asia [2]

Core Viewpoint - 文远知行 is planning a global offering of 88.25 million shares, with a maximum public offering price of HKD 35.0 per share, aiming to raise approximately HKD 2.932 billion in net proceeds [2][12][14] Company Overview - 文远知行 is a global pioneer in the L4 autonomous driving sector, with its products and solutions deployed across over 30 cities in 11 countries, including China, UAE, Saudi Arabia, Switzerland, France, Singapore, Japan [3][7] - The company operates one of the first large-scale commercial autonomous taxi services in both China and the Middle East, holding a 21.8% market share in the global L4 and above autonomous driving revenue as of 2024 [3][12] Market Position and Strategy - 文远知行 has established a significant first-mover advantage in key overseas markets, being the only company to deploy L4 autonomous driving solutions in France, Switzerland, and Belgium, and leading in Singapore and UAE by over two years [7][9] - The company plans to expand its fleet and services to more overseas cities, with a focus on regions that demonstrate significant economic and operational advantages for autonomous vehicles [7][9] Technology and Innovation - The company's success is built on its proprietary technology platform, WeRide One, which includes advanced simulation engines and high-performance computing capabilities, enabling the development of safe and commercially viable autonomous vehicles [8] - WeRide GENESIS, an integrated closed-loop simulation engine, is a key innovation that accelerates development cycles and enhances model robustness [8] Financial Performance - 文远知行's revenue for 2022, 2023, and 2024 was CNY 528 million, CNY 402 million, and CNY 361 million (USD 50.4 million), respectively, with a projected increase to CNY 199.6 million (USD 27.9 million) in the first half of 2025, marking a 32.8% growth [12][13] - The company has incurred significant losses, with net losses of CNY 12.99 billion, CNY 19.49 billion, and CNY 25.17 billion (USD 3.51 billion) for the years ending December 31, 2022, 2023, and 2024, respectively [13] Use of Proceeds - The estimated net proceeds from the global offering will be allocated as follows: approximately 40% for developing autonomous driving technology, 40% for accelerating commercialization of L4 fleets, 10% for marketing and expansion, and 10% for working capital and general corporate purposes [14]

Core Viewpoint - The Hong Kong IPO market is experiencing a simultaneous surge in both listings and offerings, with multiple companies going public and others initiating their IPO processes on the same day [2]. Company Overview - WeRide, established in 2017, focuses on L4 autonomous driving technology and has deployed over 1,500 autonomous vehicles globally as of October 20, 2023, covering over 30 cities in 11 countries [3]. - The company ranks second in the global market for L4 and above autonomous driving business revenue, holding a market share of 21.8% [3]. IPO Details - WeRide plans to globally offer 88.25 million shares, with an expected net fundraising of approximately HKD 2.932 billion, using the funds primarily for R&D, commercialization of L4 autonomous vehicle fleets, marketing team establishment, and general corporate purposes [2]. - The Hong Kong public offering period for WeRide is from October 28 to November 3, 2023, with shares expected to start trading on November 6, 2023 [2]. Financial Performance - WeRide's revenue has declined from RMB 528 million in 2022 to RMB 361 million in 2024, but it saw a 32.8% year-on-year increase in revenue to approximately RMB 200 million in the first half of 2025 [4]. - The company's losses have widened from RMB 1.298 billion in 2022 to RMB 2.517 billion in 2024, with a loss of RMB 792 million in the first half of 2025, showing a slight improvement compared to the same period in 2024 [4].

根据文远知行最近一轮财报，2025年二季度，文远知行营收1.27亿元，同比增长60.8%;Robotaxi业务二 季度营收4,590万元，同比大幅增长836.7%，创公司成立以来单季度新纪录;Robotaxi业务占二季度营收 比例大幅提升至36.1%，创2021年以来单季度历史新高;毛利同比增长40.6%，增速稳步提升;阿布扎比 Robotaxi车队规模自2024年以来增长到3倍，规模化效应显著提升;Robotaxi安全运营超2,200天，树立行 业安全新标杆。 公司估计，若以最高发售价每股35港元计，并假设超额配股权未获行使，经扣除公司就全球发售应付的 估计包销佣金、费用及开支后，将收全球发售所得款项净额约29.3亿港元。公司目前拟将全球发售所得 款项净额用作以下用途：约40%将用于开发自动驾驶技术栈;约40%将用于L4级车队商业化量产及运营; 约10%将用于建立营销团队和分支机构，以拓展更多市场;约10%将用于营运资金及一般企业用途。 全球Robotaxi第一股文远知行-W(00800)于2025年10月28日至11月3日招股，拟全球发售88,250,000股， 其中香港发售占5%，国际发售占95%。最高 ...

Core Viewpoint - The company, WeRide (文远知行-W), is set to launch its global IPO from October 28 to November 3, 2025, aiming to raise approximately HKD 2.93 billion, with a maximum public offering price of HKD 35 per share [1][2]. Group 1: Company Overview - WeRide is a leading autonomous driving technology company operating in over 30 cities across 11 countries, holding licenses for autonomous driving in seven countries [1]. - The company has over 1,500 autonomous vehicles, including more than 700 robotaxis, with a significant presence in the Middle East [1]. - WeRide holds a 21.8% market share in the revenue generated from Level 4 and above autonomous driving on urban roads as of 2024 [1]. Group 2: Financial Performance - In Q2 2025, WeRide reported revenue of HKD 127 million, a year-on-year increase of 60.8% [2]. - The robotaxi business generated revenue of HKD 45.9 million in Q2, marking a substantial year-on-year growth of 836.7%, setting a new quarterly record since the company's inception [2]. - The proportion of robotaxi revenue in total revenue rose to 36.1% in Q2, the highest since 2021 [2]. Group 3: Future Plans and Use of Proceeds - The estimated net proceeds from the global offering will be approximately HKD 2.93 billion, assuming the maximum share price and no exercise of the over-allotment option [2]. - The company plans to allocate about 40% of the proceeds for the development of autonomous driving technology, another 40% for the commercialization and mass production of Level 4 fleets, and 10% for establishing marketing teams and branches to expand into more markets [2].

Group 1 - The company plans to globally offer 88.25 million shares, with 4.41 million shares for Hong Kong and 83.84 million shares for international offering, along with an over-allotment option of 13.24 million shares [1] - The subscription period is from October 28 to November 3, with a maximum offer price of HKD 35.00 per share and an entry fee of approximately HKD 3,535.30 [1] - The total expected fundraising amount is HKD 3.089 billion, with a net amount of HKD 2.932 billion, intended for accelerating the commercialization of the company's L4 autonomous vehicle fleet and developing its autonomous driving technology stack [1] Group 2 - The company is a global pioneer in the L4 autonomous driving sector, with its products and solutions deployed in over 30 cities across 11 countries, including China, UAE, Saudi Arabia, Switzerland, France, Singapore, and Japan [2] - The company's autonomous taxi service is among the first to achieve large-scale commercial operation simultaneously in China and the Middle East [2] - According to data from Zhaoshang Consulting, the company ranks second globally in revenue generated from L4 and above autonomous driving on urban roads, holding a market share of 21.8% in 2024 [2] Group 3 - The company's net profits for the fiscal years 2023, 2024, and the first half of 2025 are projected to be -1.949 billion, -2.517 billion, and -0.792 billion respectively, with year-on-year changes of -50.10%, -29.13%, and 10.23% [2]