WeRide Re-elects Seven Directors, Approves Share Issuance and Buyback Mandates
WRD•WeRide shareholders re-elected all seven board nominees and granted directors authority to issue additional Class A ordinary shares or resell treasury shares, and to repurchase the company’s shares and ADSs under specified terms. These approvals provide expanded capital-raising and share-buyback flexibility for the autonomous driving firm.
1. AGM Resolutions Adopted
At its AGM in Guangzhou, WeRide secured shareholder approval for all proposed resolutions, including re-election of seven directors and broad mandates for future corporate actions. These mandates cover issuance or resale of Class A ordinary shares and repurchase of the company’s shares and ADSs under terms outlined in the AGM notice.
2. Board Composition Secured
Directors re-elected include Dr. Tony Xu Han, Dr. Yan Li, Ichijo Futakawa, Jean-François Salles, Huiping Yan, David Tong Zhang and Tony Fan-cheong Chan, ensuring continued leadership continuity for WeRide’s global autonomous driving initiatives.
3. Capital-Raising and Buyback Mandates
The general unconditional mandate to allot or resell shares empowers WeRide to raise equity capital or manage treasury stock as needed, while the share repurchase authorization allows the company to support its share price or return value to investors through buybacks.
