WERIDE-W(00800): Stable Price Action, End of Stable Price Period, and Forfeit of Over-allotment Option.

WERIDE-W (00800) announced that the stable price period for the global offering ended on December 3, 2025 (Tuesday) (i.e. the 30th day after the deadline for submitting the Hong Kong public offering application). The stable price operator China International Finance Hong Kong Securities Limited, its affiliates or any person acting on its behalf, conducted the following stable price actions during the stable price period: (i) a total of 13.2375 million shares of the offer shares were allocated in excess in the international offering, not exceeding 15% of the number of offer shares available for subscription under the global offering before the exercise of any over-allotment option; (ii) pursuant to a stock borrowing agreement dated October 31, 2025 between the stable price operator and Yanli Holdings Limited, the stable price operator borrowed a total of 13.2375 million shares of the offer shares from Yanli Holdings Limited to cover the excess allocation in the international offering. These class A ordinary shares will be returned and redelivered to Yanli Holdings Limited in accordance with the terms of the stock borrowing agreement; (iii) the stable price operator, its affiliates or any person acting on its behalf, purchased a total of 13.2375 million shares of the offer shares in the market during the stable price period at prices ranging from HK$18.38 to HK$24.98 per share, not exceeding 15% of the number of offer shares available for subscription under the global offering before the exercise of any over-allotment option. The last purchase made by the stable price operator, its affiliates or any person acting on its behalf in the market during the stable price period was on November 24, 2025, at a price of HK$20.52 per share. Furthermore, the overall coordinator (for itself and on behalf of the international underwriters) did not exercise the over-allotment option during the stable price period, and the over-allotment option expired on December 3, 2025. Therefore, the company did not and will not issue any class A ordinary shares under the over-allotment option.