# EDGAR Filing Document

**Accession Number:** 0001969302
**File Stem:** 0001104659-26-046441
**Filing Date:** 2026-4
**Character Count:** 88546
**Document Hash:** 3d6246703da006b93edebe2fd5a4c252
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-046441.hdr.sgml**: 20260422

**ACCESSION NUMBER**: 0001104659-26-046441

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 10

**CONFORMED PERIOD OF REPORT**: 20260422

**FILED AS OF DATE**: 20260422

**DATE AS OF CHANGE**: 20260422

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pony AI Inc.
- **CENTRAL INDEX KEY:** 0001969302
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42409
- **FILM NUMBER:** 26881369

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 PEARL DEVELOPMENT BUILDING 1
- **STREET 2:** MINGZHU 1ST ST, HENGLI TWN, NANSHA DIST
- **CITY:** GUANGZHOU
- **STATE:** F4
- **ZIP:** 511458
- **BUSINESS PHONE:** 86 020-3466 7656

**MAIL ADDRESS:**
- **STREET 1:** 1301 PEARL DEVELOPMENT BUILDING 1
- **STREET 2:** MINGZHU 1ST ST, HENGLI TWN, NANSHA DIST
- **CITY:** GUANGZHOU
- **STATE:** F4
- **ZIP:** 511458

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER**

**PURSUANT TO RULE 13a-16 OR 15d-16 UNDER**

**THE SECURITIES EXCHANGE ACT OF 1934**

**For the month of April 2026**

**Commission file number: 001-42409**

**Pony AI Inc.**

**(Exact Name of Registrant as Specified in Its Charter)**

**1301 Pearl Development Building**

**1 Mingzhu 1st Street, Hengli Town, Nansha District**

**Guangzhou, People's Republic of China, 511458**

**(Address of Principal Executive Offices)**

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ⌧ Form 40-F ◻

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [99.1](tm261211d3_ex99-1.htm) | [Press Release titled "PONY AI Inc. to Hold Annual General Meeting on June 8, 2026"](tm261211d3_ex99-1.htm) |
| [99.2](tm261211d3_ex99-2.htm) | [Circular](tm261211d3_ex99-2.htm) |
| [99.3](tm261211d3_ex99-3.htm) | [Notice of the Annual General Meeting](tm261211d3_ex99-3.htm) |
| [99.4](tm261211d3_ex99-4.htm) | [Form of Proxy for Annual General Meeting](tm261211d3_ex99-4.htm) |

---

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | Pony AI Inc. | Pony AI Inc. |
| Date: April 22, 2026 | By: | /s/ Jun Peng |
|  |  | Name: Dr. Jun Peng |
|  |  | Title: Chairman of the Board, Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**PONY AI Inc. to Hold Annual General Meeting on June 8, 2026**

GUANGZHOU, China, April 22, 2026 (GLOBE NEWSWIRE) -- Pony AI Inc. ("Pony.ai" or the "Company") (NASDAQ: PONY; HKEX: 2026), a global leader in achieving large-scale mass production and commercialization of autonomous driving technology, today announced that it will hold an annual general meeting of the Company's shareholders (the "AGM") at 10:00 a.m. (Beijing time) on June 8, 2026 at 1/F, Building 8, Phase II, Datang Industrial Park, Huangge Town, Nansha District, Guangzhou, Guangdong Province, PRC, for the purposes of considering and, if thought fit, passing each of the Proposed Resolutions as defined and set forth in the notice of the AGM (the "AGM Notice"). A circular of the Company dated April 22, 2026 in relation to the AGM, the AGM Notice and the form of proxy for the AGM are available on the Company's website at <u>https://ir.pony.ai</u>. The board of directors of the Company fully supports the Proposed Resolutions and recommends that shareholders and holders of American depositary shares ("ADSs") vote in favor of the Proposed Resolutions.

Holders of record of the Company's ordinary shares as of the close of business on May 5, 2026 (Hong Kong time) are entitled to receive notice of, to attend and vote at, the AGM or any adjournment or postponement thereof. Holders of record of ADSs as of the close of business on May 5, 2026 (New York time) who wish to exercise their voting rights for the underlying Class A ordinary shares must give voting instructions to Deutsche Bank Trust Company Americas, the depositary of the ADSs.

The Company has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2025, with the U.S. Securities and Exchange Commission (the "SEC"). The Company's annual report on Form 20-F can be accessed on the Company's website at <u>https://ir.pony.ai</u> and on the SEC's website at <u>https://www.sec.gov</u>.

**About Pony AI Inc.**

Pony AI Inc. (NASDAQ: PONY; HKEX: 2026), founded in 2016, is a global leader in achieving large-scale mass production and commercialization of autonomous driving technology. Pony.ai is committed to delivering safe, advanced, and reliable autonomous driving technology and solutions. At the heart of Pony.ai's strategy is its proprietary world model PonyWorld and its Virtual Driver technology. Together, they power the development and scaling of its Robotaxi services, Robotruck services, and licensing and applications businesses. With operations spanning China, Europe, East Asia, the Middle East, and beyond, Pony.ai stands among a select few companies globally to achieve fully driverless commercial operations. Pony.ai has forged deep and extensive partnerships across the autonomous driving value chain, enabling it to accelerate the commercialization of autonomous driving in line with its ultimate vision: "Autonomous Mobility Everywhere." For more information, please visit: <u>https://ir.pony.ai</u>.

**Safe Harbor Statement**

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about Pony.ai's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Pony.ai's filings with the SEC and the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Pony.ai does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

**For investor inquiries, please contact:**

Pony.ai

Investor Relations

Email: <u>ir@pony.ai</u>

## Exhibit 99.2

**Exhibit 99.2**

**THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION**

**If you are in any doubt** as to any aspect of this circular or as to the action to be taken, you should consult a stockbroker or other registered dealer in securities, a bank manager, solicitor, professional accountant or other professional adviser.

**If you have sold or transferred** all your shares in Pony AI Inc., you should at once hand this circular, together with the enclosed form of proxy, to the purchaser or transferee or to the bank, licensed securities dealer or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular.

------

![](tm261211d3_ex99-2img01.jpg)

**Pony AI Inc.**

**小馬智行\***

*(A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability)*

**(Stock Code: 2026)**

**PROPOSED GRANTING OF GENERAL MANDATES TO ISSUE**

**AND REPURCHASE SHARES AND/OR ADSs, PROPOSED RE-ELECTION OF DIRECTORS, PROPOSED RE-APPOINTMENT OF AUDITORS, AND**

**NOTICE OF THE ANNUAL GENERAL MEETING**

------

A letter from the Board is set out on pages 5 to 10 of this circular.

The AGM will be held at 1/F, Building 8, Phase II, Datang Industrial Park, Huangge Town, Nansha District, Guangzhou, Guangdong Province, PRC on Monday, June 8, 2026 at 10:00 a.m. (Beijing time). A notice convening the AGM is set out on pages 18 to 23 of this circular. A form of proxy for use at the AGM is also enclosed. Such form of proxy is also published on the websites of the Stock Exchange (www.hkexnews.hk) and the Company (https://ir.pony.ai/).

Holders of record of the Company's Shares on the Company's register of members as of the close of business on the Share Record Date (Hong Kong time) are cordially invited to attend the AGM in person. Holders of the Company's ADSs as of the close of business on the ADS Record Date (New York time) are cordially invited to submit your voting instructions to Deutsche Bank Trust Company Americas. Whether or not you propose to attend and vote at the said meeting, please complete, sign, date, and return the accompanying proxy form to the Company's share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited (for holders of Shares) or your voting instructions to Deutsche Bank Trust Company Americas. (for holders of the ADSs) as promptly as possible and before the prescribed deadline if you wish to exercise your voting rights. Computershare Hong Kong Investor Services Limited must receive the proxy form by no later than 10:00 a.m. (Hong Kong time), on Saturday, June 6, 2026 at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong to ensure your representation at the AGM; and Deutsche Bank Trust Company Americas must receive your voting instructions by the time and date specified in the ADS voting instruction card to enable the votes attaching to the Class A Ordinary Shares represented by your ADSs to be cast at the AGM. For the avoidance of doubt, holders of Treasury Shares (if any) shall abstain from voting at the AGM.

\* *For identification purpose only*

April 22, 2026

**CONTENTS**

*Pages*

---

| | | |
|:---|:---|:---|
| **DEFINITIONS** | **DEFINITIONS** | 1 |
| **LETTER FROM THE BOARD** | **LETTER FROM THE BOARD** | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. | Introduction | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. | Proposed Grant of General Mandate to Issue Shares and/or ADSs | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. | Proposed Grant of General Mandate to Repurchase Shares and/or ADSs | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. | Proposed Re-election of Directors | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. | Proposed Re-appointment of Auditors | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. | The AGM and Proxy Arrangement | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. | Recommendations | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. | Further Information | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. | Responsibility Statement | 10 |

---

---

| | | | |
|:---|:---|:---|:---|
| **APPENDIX I** | **–** | **EXPLANATORY STATEMENT ON THE REPURCHASE MANDATE** | 11.0 |
| **APPENDIX II** | **–** | **DETAILS OF THE DIRECTORS PROPOSED TO BE RE-ELECTED AT THE AGM** | 15.0 |
| **NOTICE OF THE ANNUAL GENERAL MEETING** | **NOTICE OF THE ANNUAL GENERAL MEETING** | **NOTICE OF THE ANNUAL GENERAL MEETING** | 18.0 |

---

– i –

**DEFINITIONS**

*In this circular, unless the context otherwise requires, the following expressions shall have the following meanings:*

---

| | |
|:---|:---|
| "ADS(s)" | American depositary shares, each representing one Class A Ordinary Share |
| "ADS Record Date" | May 5, 2026 (New York time) |
| "AGM" or "Annual General Meeting" | the annual general meeting of the Company to be convened on Monday, June 8, 2026 at 10:00 a.m. (Beijing time) to consider and, if thought fit, approve, the proposed resolutions as set out in the notice of such meeting which is set out on pages 18 to 23 of this circular, or any adjournment thereof |
| "Articles" or "Articles of Association" | the tenth amended and restated articles of association of the Company adopted by special resolutions of the Shareholders of the Company on April 2, 2026 |
| "associate(s)" | has the meaning ascribed to it under the Listing Rules |
| "Auditors" | Deloitte Touche Tohmatsu Certified Public Accountants LLP and Deloitte Touche Tohmatsu, the external auditors of the Company |
| "Board" | the board of Directors of the Company |
| "CCASS" | Central Clearing and Settlement System, a securities settlement system used within the Hong Kong Exchanges and Clearing Limited market system |
| "Class A Ordinary Shares" | Class A ordinary shares of the share capital of the Company with a par value of US$0.0005 each, conferring a holder of a Class A ordinary share (1) vote per share on all matters subject to the vote at general meetings of the Company |

---

– 1 –

**DEFINITIONS**

---

| | |
|:---|:---|
| "Class B Ordinary Shares" | Class B ordinary shares of the share capital of the Company with a par value of US$0.0005 each, conferring weighted voting rights in the Company such that a holder of a Class B ordinary share is entitled to (10) votes per share on all matters subject to the vote at general meetings of the Company, subject to the requirements under Rule 8A.24 of the Hong Kong Listing Rules that the Reserved Matters shall be voted on a (1) vote per share basis |
| "Company", "our Company", or "the Company" | Pony AI Inc. (Stock Code: 2026, Nasdaq Symbol: PONY), an exempted company with limited liability incorporated under the laws of the Cayman Islands on November 4, 2016 |
| "connected person(s)" | has the meaning ascribed to it under the Listing Rules |
| "controlling shareholder(s)" | has the meaning ascribed to it under the Listing Rules |
| "Directors" | the director(s) of the Company, from time to time |
| "Dr. Lou" | Dr. Tiancheng Lou (樓天城), an executive Director and the chief technology officer of the Company |
| "Dr. Peng" | Dr. Jun Peng (彭軍), the chairman of the Board, an executive Director and the chief executive officer of the Company |
| "Group", or "our" | the Company together with its subsidiaries from time to time |
| "HK$" | Hong Kong dollars, the lawful currency of Hong Kong |
| "HKSCC" | Hong Kong Securities Clearing Company Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited |

---

– 2 –

**DEFINITIONS**

---

| | |
|:---|:---|
| "Hong Kong" | the Hong Kong Special Administrative Region of the People's Republic of China |
| "Latest Practicable Date" | April 17, 2026, being the latest practicable date prior to the printing of this circular for ascertaining certain information contained herein |
| "Laws" | all laws, statutes, legislation, ordinances, rules, regulations, guidelines, opinions, notices, circulars, orders, judgments, decrees, or rulings of any Governmental Authority (including, without limitation, the Stock Exchange and the SFC) of all relevant jurisdictions |
| "Listing Date" | the listing of the Class A Ordinary Shares on the Main Board of the Stock Exchange on November 6, 2025 |
| "Listing Rules" | the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, as amended, supplemented or otherwise modified from time to time |
| "Nasdaq" | The Nasdaq Global Select Market |
| "Reserved Matters" | those resolutions with respect to which each Share is entitled to one vote at general meetings of the Company pursuant to the Listing Rules and the Amended Memorandum and Articles, being: (i) any amendment to the memorandum of association or articles of association of the Company, (ii) the variation of the rights attached to any class of Shares, (iii) the appointment or removal of an independent non-executive Director, (iv) the appointment or removal of the Company's auditors, and (v) the voluntary winding-up of the Company |
| "SFC" | Securities and Futures Commission of Hong Kong |
| "SFO" | Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), as amended, supplemented or otherwise modified from time to time |
| "Shareholders" | holder(s) of the Share(s) |

---

– 3 –

**DEFINITIONS**

---

| | |
|:---|:---|
| "Shares" | the Class A Ordinary Shares and the Class B Ordinary Shares in the share capital of the Company, as the context so requires |
| "Share Record Date" | May 5, 2026 (Hong Kong time) |
| "Stock Exchange" | The Stock Exchange of Hong Kong Limited |
| "substantial shareholder(s)" | has the meaning ascribed to it in the Listing Rules |
| "Takeovers Code" | Code on Takeovers and Mergers and Share Buy-backs issued by the SFC, as amended, supplemented or otherwise modified from time to time |
| "Treasury Shares" | has the meaning ascribed to it under the Listing Rules |
| "US$" | U.S. dollars, the lawful currency of the United States |
| "weighted voting right(s)" | has the meaning ascribed to it in the Listing Rules |
| "WVR Beneficiary(ies)" | has the meaning ascribed to it under the Hong Kong Listing Rules and unless the context otherwise requires, refers to Dr. Peng and Dr. Lou, being the holders of the Class B Ordinary Shares, entitling each to weighted voting rights |
| "%" | percent |

---

– 4 –

**LETTER FROM THE BOARD**

![](tm261211d3_ex99-2img02.jpg)

**Pony AI Inc.**

**小馬智行\***

*(A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability)*

**(Stock Code: 2026)**

---

| | |
|:---|:---|
| *Executive Directors:*<br> Dr. Jun Peng<br> Dr. Tiancheng Lou<br>*Non-executive Directors:*<br> Mr. Fei Zhang<br> Mr. Takeo Hamada<br>*Independent non-executive Directors:*<br> Mr. Jackson Peter Tai<br> Dr. Mark Qiu<br> Ms. Asmau Ahmed | *Registered Office:*<br> 190 Elgin Avenue, George Town<br> Grand Cayman, KY1-9008<br> Cayman Islands<br>*Head Office and Principal Place of Business in the PRC:*<br> 1301 Pearl Development Building<br> 1 Mingzhu 1st Street, Hengli Town<br> Nansha District<br> Guangzhou, PRC<br>*Head Office and Principal Place of business in Hong Kong:*<br> 46/F, Hopewell Centre<br> 183 Queen's Road East<br> Wan Chai, Hong Kong |

---

April 22, 2026

*To the Shareholders*

Dear Sir or Madam,

**PROPOSED GRANTING OF GENERAL MANDATES TO ISSUE**

**AND REPURCHASE SHARES AND/OR ADSs, PROPOSED RE-ELECTION OF DIRECTORS, PROPOSED RE-APPOINTMENT OF AUDITORS, AND**

**NOTICE OF THE ANNUAL GENERAL MEETING**

**1.** **INTRODUCTION** 

The purpose of this circular is to give you notice of the AGM, and to provide you with information regarding the following proposals to be put forward at the said meeting:

&nbsp;&nbsp;&nbsp;&nbsp;(a) the proposed grant of a general
mandate to issue Shares and/or ADSs;

\* *For identification purpose only*

– 5 –

**LETTER FROM THE BOARD**

&nbsp;&nbsp;&nbsp;&nbsp;(b) the proposed grant of a general
mandate to repurchase Shares and/or ADSs;

&nbsp;&nbsp;&nbsp;&nbsp;(c) the proposed re-election of
Directors; and

&nbsp;&nbsp;&nbsp;&nbsp;(d) the proposed re-appointment
of Auditors.

**2.** **PROPOSED GRANT OF GENERAL MANDATE TO ISSUE SHARES AND/OR ADSs** 

At the extraordinary general meeting of the Company held on April 2, 2026, the Directors were given a general mandate to allot, issue and deal with additional Class A Ordinary Shares and/ or Class A Ordinary Shares underlying ADSs (including the sale or transfer of Treasury Shares) not exceeding 20% of the total number of issued Shares (excluding Treasury Shares) as at the date of passing of such resolution. Such mandate, to the extent not utilized by the date of the AGM, will lapse at the conclusion of the AGM.

In order to give the Company the flexibility to issue Class A Ordinary Shares (including any sale or transfer of Treasury Shares) if and when appropriate, without needing to convene a general meeting for each and every such issuance, sale and/or transfer of Treasury Shares, an ordinary resolution will be proposed at the AGM to approve the granting of a general mandate to the Directors to allot, issue or deal with additional Class A Ordinary Shares and/or Class A Ordinary Shares underlying ADSs (including any sale or transfer of Treasury Shares) not exceeding 20% of the total number of issued Shares (excluding any Treasury Shares) as at the date of passing of such resolution (the "**Issuance Mandate**").

As at the Latest Practicable Date, the issued share capital of the Company comprised 352,452,783 Class A Ordinary Shares and 81,088,770 Class B Ordinary Shares. Subject to the passing of the ordinary resolution 5 and on the assumption that the issued share capital of the Company (excluding Treasury Shares) remain unchanged after the Latest Practicable Date and up to the date of the AGM, the Company will be allowed to issue (or transfer out of the treasury) a maximum of 86,708,310 Class A Ordinary Shares. The Company had no plan or intention to allot, issue or deal with additional Class A Ordinary Shares and/or Class A Ordinary Shares underlying ADSs (including the sale or transfer of Treasury Shares) under the Issuance Mandate as at the Latest Practicable Date.

In addition, subject to a separate approval of the ordinary resolution 7, the number of Shares and/or Shares underlying the ADSs purchased by the Company under ordinary resolution 6 will also be added to extend the Issuance Mandate as mentioned in ordinary resolution 5 provided that such additional amount shall represent up to 10% of the number of issued Shares (excluding any Treasury Shares) as at the date of passing the resolutions in relation to the Issuance Mandate and the Repurchase Mandate (as defined below).

– 6 –

**LETTER FROM THE BOARD**

The Issuance Mandate (including the extended Issuance Mandate), if granted, will expire upon whichever is the earliest of: (a) the conclusion of the next annual general meeting of the Company; (b) the expiration of the period within which the next annual general meeting of the Company is required by the Articles of Association or by applicable Laws to be held; and (c) the date on which the authority given under the ordinary resolution approving the Issuance Mandate (including the extended Issuance Mandate), is revoked or varied by an ordinary resolution of the Shareholders, whichever occurs first.

**3.** **PROPOSED GRANT OF GENERAL MANDATE TO REPURCHASE SHARES AND/ OR ADSs** 

At the extraordinary general meeting of the Company held on April 2, 2026, the Directors were given a general mandate to repurchase Shares and/or ADSs. Such mandate, to the extent not utilized by the date of the AGM, will lapse at the conclusion of the AGM.

In order to give the Company the flexibility to repurchase Shares and/or ADSs if and when appropriate, without needing to convene a general meeting for each and every such repurchase, an ordinary resolution will be proposed at the AGM to approve the granting of a general mandate to the Directors to exercise the powers of the Company to repurchase Shares and/or ADSs representing up to 10% of the total number of issued Shares (excluding any Treasury Shares) as at the date of passing of such resolution (the "**Repurchase Mandate**").

As at the Latest Practicable Date, the issued share capital of the Company comprised 352,452,783 Class A Ordinary Shares and 81,088,770 Class B Ordinary Shares. Subject to the passing of the ordinary resolution 6 and on the assumption that the issued share capital of the Company (excluding Treasury Shares) remain unchanged after the Latest Practicable Date and up to the date of the AGM, the Company will be allowed to repurchase a maximum of 43,354,155 ordinary Shares. The Company had no plan or intention to repurchase Shares and/or ADSs under the Repurchase Mandate as at the Latest Practicable Date.

An explanatory statement required by the Listing Rules to be sent to the Shareholders in connection with the proposed Repurchase Mandate is set out in Appendix I to this circular. This explanatory statement contains all information reasonably necessary to enable the Shareholders to make an informed decision on whether to vote for or against the relevant resolution at the AGM.

Pursuant to the Listing Rules, if the Company purchases any Shares and/or ADSs pursuant to the Repurchase Mandate, the Company will either (i) cancel the Shares and/or the Shares underlying ADSs repurchased and/or (ii) hold such Shares and/or the Shares underlying ADSs in treasury, subject to market conditions and the Company's capital management needs at the relevant time any repurchases of Shares are made. If the Company holds any Shares in treasury, any sale or transfer of Shares in treasury will be made pursuant to the terms of the Issuance Mandate and in accordance with the Listing Rules and applicable laws and regulations of the Cayman Islands.

– 7 –

**LETTER FROM THE BOARD**

The Repurchase Mandate, if granted, will expire upon whichever is the earliest of: (a) the conclusion of the next annual general meeting of the Company; (b) the expiration of the period within which the next annual general meeting of the Company is required by the Articles of Association or by any applicable Laws to be held; and (c) the date on which the authority given under the ordinary resolution approving the Repurchase Mandate is revoked or varied by an ordinary resolution of the Shareholders, whichever occurs first.

**4.** **PROPOSED RE-ELECTION OF DIRECTORS** 

Pursuant to the Articles of Association and the Corporate Governance Code set out in Appendix C1 of the Listing Rules, Mr. Fei Zhang and Mr. Takeo Hamada will retire at the AGM and, being eligible, will offer themselves for re-election as Directors (the "**Retiring Directors**") at the AGM. Biographical details of the Retiring Directors are set out in the Appendix II to this circular.

Except as stated in the Appendix II to this circular, none of the Retiring Directors currently nor in the past three years, holds any directorships in any listed companies or any other major positions in the Company and its subsidiaries. The proposals for the re-election of the Retiring Directors will be submitted for the Shareholders' approval at the AGM.

The Nomination Committee has reviewed the structure and composition of the Board, the confirmations and disclosures of the Retiring Directors, the qualifications, skills and experience, time commitment and contribution of the Retiring Directors with reference to the nomination principles and criteria set out in the Company's board diversity policy and director nomination policy and the Company's corporate strategy and are satisfied with the Retiring Directors' contribution to the Company, which will continue to bring valuable business experience, knowledge and professionalism to the Board for its efficient and effective functioning and diversity. The Nomination Committee and the Board therefore recommended the re-election of the Retiring Directors at the AGM and to authorize the Board to fix the respective remuneration for such Directors (if any).

– 8 –

**LETTER FROM THE BOARD**

**5.** **PROPOSED RE-APPOINTMENT OF AUDITORS** 

Following the recommendation of the audit committee of the Board, the Board proposes to re-appoint Deloitte Touche Tohmatsu Certified Public Accountants LLP and Deloitte Touche Tohmatsu as the independent auditors of the Company for the year ending December 31, 2026 and to hold the office until the conclusion of the next annual general meeting of the Company. An ordinary resolution will also be proposed to authorize the Board to fix the auditors' remuneration for the ensuing year. The specific auditors' remuneration will be further negotiated and determined between the Company and Deloitte Touche Tohmatsu Certified Public Accountants LLP and Deloitte Touche Tohmatsu on a fair and reasonable basis, taking into account factors such as the business scale and industry of the Group, expected audit scope, audit timetable, manpower and expected auditors' resources required. It is expected that the auditors' remuneration for the ensuing year shall not exceed US$1.7 million. Deloitte Touche Tohmatsu Certified Public Accountants LLP and Deloitte Touche Tohmatsu have indicated their willingness to be re-appointed as auditors of the Company for the said period.

**6.** **THE AGM AND PROXY ARRANGEMENT** 

The AGM will be held at 10:00 a.m. (Beijing time) at 1/F, Building 8, Phase II, Datang Industrial Park, Huangge Town, Nansha District, Guangzhou, Guangdong Province, PRC on Monday, June 8, 2026.

The Notice of the AGM is enclosed and published on the websites of the Stock Exchange at www.hkexnews.hk and the Company at https://ir.pony.ai/.

Holders of record of the Company's Shares on the Company's register of members as of the close of business on the Share Record Date (Hong Kong time) are entitled to attend the AGM in person. Holders of the ADSs as of the close of business on the ADS Record Date (New York time) are entitled to submit your voting instructions to Deutsche Bank Trust Company Americas. Whether or not you propose to attend and vote at the said meetings, please complete, sign, date, and return the accompanying proxy forms to the Company's share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited (for holders of Shares) or your voting instructions to Deutsche Bank Trust Company Americas (for holders of the ADSs) as promptly as possible and before the prescribed deadline if you wish to exercise your voting rights. Computershare Hong Kong Investor Services Limited must receive the proxy forms not less than 48 hours before the time appointed for AGM at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong; and Deutsche Bank Trust Company Americas must receive your voting instructions by the time and date specified in the ADS voting instruction card to enable the votes attaching to the Class A Ordinary Shares represented by your ADSs to be cast at the AGM.

The resolutions to be proposed at the AGM will be voted by way of poll in accordance with the Listing Rules. For the avoidance of doubt, holders of Treasury Shares (if any) shall abstain from voting at the AGM.

– 9 –

**LETTER FROM THE BOARD**

**7.** **RECOMMENDATIONS** 

The Directors (including independent non-executive Directors) are of the opinion that all the proposed resolutions are in the interests of the Company and the Shareholders as a whole and so recommend you to vote in favour of all the resolutions to be proposed at the AGM.

**8.** **FURTHER INFORMATION** 

Your attention is drawn to the information set out in the appendices to this circular.

**9.** **RESPONSIBILITY STATEMENT** 

This circular, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief, the information contained in this circular is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this circular misleading.

---

| |
|:---|
| By Order of the Board |
| **Pony AI Inc.** |
| **Dr. Jun Peng** |
| *Chairman of the Board and Chief Executive Officer* |

---

– 10 –

---

| | |
|:---|:---|
| **APPENDIX I** | **EXPLANATORY STATEMENT ON<br> THE REPURCHASE MANDATE** |

---

The following is an explanatory statement required by the Listing Rules to be sent to the Shareholders to enable them to make an informed decision on whether to vote for or against the ordinary resolution to be proposed at the AGM in relation to the granting of the Repurchase Mandate.

**1.** **REASONS FOR REPURCHASE OF SHARES AND/OR ADSS** 

The Directors believe that the granting of the Repurchase Mandate is in the interests of the Company and the Shareholders as a whole.

Repurchases of Shares and/or ADSs may, depending on the market conditions and funding arrangements at the time, lead to an enhancement of the net asset value per Share and/or earnings per Share. The Directors are seeking the grant of the Repurchase Mandate to give the Company the flexibility to do so if and when appropriate. The number of Shares and/or ADSs to be repurchased on any occasion and the price and other terms upon which the same are repurchased will be decided by the Directors at the relevant time, having regard to the circumstances then pertaining.

The Directors would only exercise the power to repurchase in circumstances where they consider that the repurchase would be in the best interests of the Company and the Shareholders.

**2.** **SHARE CAPITAL** 

As at the Latest Practicable Date, the issued share capital of the Company comprised 433,541,553 Shares, out of which 352,452,783 were Class A Ordinary Shares and 81,088,770 were Class B Ordinary Shares. Subject to the passing of the ordinary resolution set out in item 6 of the notice of the AGM in respect of the granting of the Repurchase Mandate and on the assumption that the issued and outstanding shares of the Company remain unchanged after the Latest Practicable Date and up to the date of the AGM, i.e. being 433,541,553 Shares, the Directors would be authorized under the Repurchase Mandate to repurchase, during the period in which the Repurchase Mandate remains in force, up to a maximum of 43,354,155 Shares, representing 10% of the total number of issued Shares (excluding any Treasury Shares) as at the date of the AGM.

**3.** **FUNDING OF REPURCHASES** 

Repurchases of Shares and/or ADSs will be funded from the Company's internal resources, which shall be funds legally available for such purpose in accordance with the Articles of Association, the Listing Rules, the applicable Laws of the Cayman Islands and/or any other applicable Laws, as the case may be.

– 11 –

---

| | |
|:---|:---|
| **APPENDIX I** | **EXPLANATORY STATEMENT ON<br> THE REPURCHASE MANDATE** |

---

**4.** **IMPACT OF REPURCHASES** 

Based on the current level of trading price of the Company's Shares and ADSs, the Directors believe that there may not be a material adverse impact on the working capital or gearing position of the Company (as compared with the position disclosed in the audited accounts contained in the annual report of the Company for the year ended December 31, 2025) in the event that the Repurchase Mandate was to be carried out in full at any time during the proposed repurchase period.

However, the Directors do not intend to exercise the Repurchase Mandate to such an extent as would, in the circumstances, have a material adverse effect on the working capital requirements of the Company or its gearing levels which, in the opinion of the Directors, are from time to time appropriate for the Company.

Following a repurchase of Class A Ordinary Shares or Class A Ordinary Shares underlying ADSs, the Company may cancel any repurchased Shares and/or hold them as Treasury Shares subject to, among others, market conditions and its capital management needs at the relevant time of the repurchases, which may change due to evolving circumstances. Shareholders and potential investors of the Company should pay attention to any announcement to be published by the Company in the future, including but without limitation, any next day disclosure return (which shall identify, amongst others, the number of repurchased shares that are to be held in treasury or cancelled upon settlement of such repurchase, and where applicable, disclose the reasons for any deviation from the intention statement previous disclosed) and any relevant monthly return.

For any Treasury Shares deposited with CCASS pending resale on the Stock Exchange, the Company shall, upon approval by the Board, implement the below interim measures (collectively, the "**Interim Measures**") which include (without limitation): (i) procuring its broker not to give an instructions to HKSCC to vote at general meetings for the Treasury Shares deposited with CCASS; (ii) in the case of dividends or distributions (if any and where applicable), the Company shall withdraw the Treasury Shares from CCASS, and either re-register them in its own name as Treasury Shares or cancel them, in each case before the relevant record date for the dividend or distributions; or (iii) take any other measures to ensure that the Company will not exercise any shareholders' rights or receive any entitlements which would otherwise be suspended under the applicable Laws if those Shares were registered in its own name as Treasury Shares.

**5.** **TAKEOVERS CODE** 

If, on the exercise of the power to repurchase Shares pursuant to the Repurchase Mandate, a Shareholder's proportionate interest in the voting rights of the Company increases, such increase will be treated as an acquisition of voting rights for the purposes of the Takeovers Code. Accordingly, a Shareholder or a group of Shareholders acting in concert (as defined under the Takeovers Code) could obtain or consolidate control of the Company and thereby become obliged to make a mandatory offer in accordance with Rule 26 of the Takeovers Code.

– 12 –

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| | |
|:---|:---|
| **APPENDIX I** | **EXPLANATORY STATEMENT ON<br> THE REPURCHASE MANDATE** |

---

As at the Latest Practicable Date, Dr. Peng and Dr. Lou, the WVR Beneficiaries, through their associates, held in aggregate 191,025 Class A Ordinary Shares and 81,088,770 Class B Ordinary Shares, representing (a) approximately 18.75% of the Company's issued Shares; (b) approximately 18.75% of the effective voting rights with respect to shareholder resolutions relating to Reserved Matters, on the basis that each Share entitles the Shareholder to one vote per share; and (c) approximately 69.72% of the effective voting rights, on the basis that Class A Ordinary Shares entitle the Shareholder to one vote per share and Class B Ordinary Shares entitle the Shareholder to ten votes per share. Pursuant to Rule 8A.15 of the Listing Rules, in the event that the Directors exercise the Repurchase Mandate, the WVR Beneficiaries must reduce their weighted voting rights in the Company proportionately through conversion of a proportion of their Class B ordinary shares into Class A Ordinary Shares, if the reduction in the number of Shares in issue (after deducting Treasury Shares) would otherwise result in an increase in the proportion of Class B Ordinary Shares. As such, to the best knowledge and belief of the Directors, the exercise of the Repurchase Mandate is not expected to give rise to an obligation of the WVR Beneficiaries to make a mandatory offer under the Takeovers Code. The Directors have no present intention to repurchase the Shares and/or ADSs to the extent that will trigger the obligations under the Takeovers Code to make a mandatory offer. The Directors are not aware of any other consequences which may arise under the Takeovers Code as a result of any purchase by the Company of its Shares.

In addition, the Directors do not propose to repurchase Shares and/or ADSs which would result in less than the relevant prescribed minimum percentage of Shares in public hands as required by the Stock Exchange.

**6.** **GENERAL** 

None of the Directors or, to the best of their knowledge having made all reasonable enquiries, any of their respective close associates (as defined in the Listing Rules) have any present intention to sell any Shares to the Company in the event that the granting of the Repurchase Mandate is approved by the Shareholders.

The Company has not been notified by any core connected persons (as defined in the Listing Rules) of the Company that they have a present intention to sell any Shares to the Company, or that they have undertaken not to sell any Shares held by them to the Company in the event that the granting of the Repurchase Mandate is approved by the Shareholders.

The Directors have undertaken that they will exercise the power of the Company to make repurchases of Shares and/or ADSs pursuant to the Repurchase Mandate in accordance with the Listing Rules and the applicable Laws of the Cayman Islands. In addition, the Company has confirmed that neither the Explanatory Statement nor the proposed share repurchase has any unusual features.

– 13 –

---

| | |
|:---|:---|
| **APPENDIX I** | **EXPLANATORY STATEMENT ON<br> THE REPURCHASE MANDATE** |

---

**7.** **MARKET PRICES OF SHARES** 

As the Company has been listed on the Stock Exchange for less than 12 months, the highest and lowest prices per Share at which the Class A Ordinary Shares have been traded on the Stock Exchange since the Listing Date up to and including the Latest Practicable Date were as follows:

---

| | | |
|:---|:---|:---|
| | **Price per share** | **Price per share** |
| <br>**Month** | **Highest** | **Lowest** |
|  | HK$ | HK$ |
| **2025** |  |  |
| November (since the date of Listing) | 126.100 | 85.600 |
| December | 131.000 | 105.100 |
| **2026** |  |  |
| January | 136.900 | 112.100 |
| February | 119.600 | 100.200 |
| March | 112.600 | 65.750 |
| April (up to Latest Practicable Date) | 88.850 | 66.700 |

---

**8.** **REPURCHASES OF SHARES MADE BY THE COMPANY** 

As the Company has been listed on the Stock Exchange for less than 6 months, during the period starting on the date of the Listing and up to the Latest Practicable Date, the Company has not repurchased any Class A Ordinary Shares or ADSs on the Stock Exchange or the Nasdaq.

– 14 –

---

| | |
|:---|:---|
| **APPENDIX II** | **DETAILS OF THE DIRECTORS PROPOSED<br> TO BE RE-ELECTED AT THE AGM** |

---

Pursuant to the Listing Rules, the details of the Directors, who will retire and being eligible, offer themselves for re-election at the AGM, are provided below.

**(1)** **MR. FEI ZHANG** 

**Position and experience**

Mr. Fei Zhang ("**Mr. Zhang**") (張斐), aged 53, is our non-executive Director, and is responsible for providing professional advice to the Board. Mr. Zhang has been appointed as our Director since December 2017.

Mr. Zhang has over 20 years of venture capital experience, with a focus in the areas of AI/ cloud computing, social/digital media and entertainment, and electric vehicle/autonomous driving. He was a partner at Ceyuan Ventures (策源創投) in Beijing from 2004 to 2007, where he initiated and led several investments. Since January 2011, Mr. Zhang was a partner at 5Y Capital (五源資本) (formerly known as Morningside Venture Capital). Around 2016, he founded and has been a fund manager and the Responsible Officer of Neumann Advisory Hong Kong Limited, a SFC Type 9 licensed corporation. Mr. Zhang has been serving as a director of Kuaishou Technology (a company listed on the Stock Exchange, HKEX: 1024) since February 2014 and re-designated as a non-executive director since November 2020, where he is primarily responsible for participating in the formulation of business plans and strategic and major decisions.

Mr. Zhang received his bachelor's degree in engineering in automation and control from Shanghai Jiao Tong University (上海交通大學) in Shanghai, the PRC, in July 1994 and his MBA from the China Europe International Business School (中歐國際工商學院) in Shanghai, the PRC, in May 1999.

**Length of service**

Pursuant to the amended and restated director agreement with the Company, the term of appointment of Mr. Zhang shall be for an initial term of three years or until the third annual general meeting of the Company after the Listing Date, whichever is sooner.

**Relationships**

As far as the Directors are aware, as at the Latest Practicable Date, Mr. Zhang did not have any relationships with other Directors, senior management, substantial Shareholders or controlling Shareholders.

– 15 –

---

| | |
|:---|:---|
| **APPENDIX II** | **DETAILS OF THE DIRECTORS PROPOSED<br> TO BE RE-ELECTED AT THE AGM** |

---

**Interests in Shares**

As far as the Directors are aware, as at the Latest Practicable Date, Mr. Zhang was interested in an aggregate of 1,031,880 Class A Ordinary Shares within the meaning of Part XV of the SFO. Save as disclosed above, as far as the Directors are aware, Mr. Zhang does not have any other interest in the shares of the Company within the meaning of Part XV of the SFO.

**Director's emoluments**

Mr. Zhang is not entitled to receive any director's fees from the Company under the current arrangement, which was determined by the Board with reference to the Group's remuneration policy.

**Other information and matters that need to be disclosed or brought to the attention of the Shareholders**

As far as the Directors are aware, there is no information of Mr. Zhang to be disclosed pursuant to any of the requirements under paragraphs 13.51(2)(h) to 13.51(2)(v) of the Listing Rules; and there are no other matters concerning Mr. Zhang that need to be brought to the attention of the Shareholders.

**(2)** **MR. TAKEO HAMADA** 

**Position and experience**

Mr. Takeo Hamada ("**Mr. Hamada**"), aged 58, is our non-executive Director, and is responsible for providing professional advice to the Board. Mr. Hamada has been appointed as our Director since October 2023.

Mr. Hamada joined Toyota Motor Corporation (a company listed on the New York Stock Exchange, NYSE: TM ("**TMC**")) in April 1991. Mr. Hamada was dispatched to Toyota Motor North America, Inc from January 2012 to January 2015, where he was responsible for electrical and electronic engineering development. Upon his return in January 2015, Mr. Hamada joined the IVI system development division, where he was promoted to general manager in April 2016. Mr. Hamada later served as the general manager of the connected management division from January 2021 to January 2022. He then joined Toyota Motor (China) Investment Co., Ltd. in January 2022 and has been serving as the executive vice president since then. Mr. Hamada currently also serves as the project manager of TMC.

– 16 –

---

| | |
|:---|:---|
| **APPENDIX II** | **DETAILS OF THE DIRECTORS PROPOSED<br> TO BE RE-ELECTED AT THE AGM** |

---

Mr. Hamada obtained a bachelor's degree in engineering from Kobe University in Japan in March 1991.

**Length of service**

Pursuant to the amended and restated director agreement with the Company, the term of appointment of Mr. Hamada shall be for an initial term of three years or until the third annual general meeting of the Company after the Listing Date, whichever is sooner.

**Relationships**

As far as the Directors are aware, as at the Latest Practicable Date, Mr. Hamada did not have any relationships with other Directors, senior management, substantial Shareholders or controlling Shareholders.

**Interests in Shares**

As far as the Directors are aware, Mr. Hamada does not have any other interest in the shares of the Company within the meaning of Part XV of the SFO.

**Director's emoluments**

Mr. Hamada is not entitled to receive any director's fees from the Company under the current arrangement, which was determined by the Board with reference to the Group's remuneration policy.

**Other information and matters that need to be disclosed or brought to the attention of the Shareholders**

As far as the Directors are aware, there is no information of Mr. Hamada to be disclosed pursuant to any of the requirements under paragraphs 13.51(2)(h) to 13.51(2)(v) of the Listing Rules; and there are no other matters concerning Mr. Hamada that need to be brought to the attention of the Shareholders.

– 17 –

**NOTICE OF THE ANNUAL GENERAL MEETING**

*Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this notice, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this notice.*

![](tm261211d3_ex99-2img03.jpg)

**Pony AI Inc.**

**小馬智行\***

*(A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability)*

**(Stock Code: 2026)**

**NOTICE OF THE ANNUAL GENERAL MEETING**

**NOTICE IS HEREBY GIVEN** that the annual general meeting (the "**AGM**") of Pony AI Inc. (the "**Company**") will be held at 10:00 a.m. (Beijing time) on Monday, June 8, 2026 at 1/F, Building 8, Phase II, Datang Industrial Park, Huangge Town, ansha District, Guangzhou, Guangdong Province, PRC for the purposes of considering and, if thought fit, passing with or without amendments, the following resolutions of the Company (unless otherwise indicated, capitalized terms used in this notice shall have the same meanings as those defined in the circular of the Company dated April 22, 2026):

**ORDINARY RESOLUTIONS**

&nbsp;&nbsp;&nbsp;&nbsp;1. To
 receive, consider and adopt the audited consolidated financial statements of the Company
 for the year ended December 31, 2025 and the reports of the Directors and independent
 auditors thereon.

&nbsp;&nbsp;&nbsp;&nbsp;2. To
 re-elect Mr. Fei Zhang as a non-executive Director.

&nbsp;&nbsp;&nbsp;&nbsp;3. To
 re-elect Mr. Takeo Hamada as a non-executive Director.

&nbsp;&nbsp;&nbsp;&nbsp;4. To
 authorize the Board to fix the remuneration of the Directors.

– 18 –

**NOTICE OF THE ANNUAL GENERAL MEETING**

&nbsp;&nbsp;&nbsp;&nbsp;5. To
 consider and, if thought fit, pass with or without modification the following resolution
 as an ordinary resolution:

"**THAT**:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) subject
 to paragraph (c) below, a general unconditional mandate be and is hereby given to the
 directors of the Company during the Relevant Period (as defined in paragraph (d) below)
 to exercise all the powers of the Company to allot, issue, and deal with additional Class A
 Ordinary Shares or ADSs (including any sale and/or transfer of Treasury Shares) or securities
 convertible into Class A Ordinary Shares, or options, warrants or similar rights to
 subscribe for Class A Ordinary Shares or such convertible securities of the Company
 (other than issuance of options, warrants or similar rights to subscribe for additional Class A
 Ordinary Shares or securities convertible into Class A Ordinary Shares for cash consideration)
 and to make or grant offers, agreements, or options (including any warrants, bonds, notes,
 and debentures conferring any rights to subscribe for or otherwise receive Class A Ordinary
 Shares) that would or might require the exercise of such powers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 mandate in paragraph (a) above shall be in addition to any other authorization given
 to the Directors and shall authorize the Directors to make or grant offers, agreements, and/or
 options during the Relevant Period that would or might require the exercise of such powers
 after the end of the Relevant Period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 total number of Class A Ordinary Shares or ADSs allotted or agreed conditionally or
 unconditionally to be allotted and issued (whether pursuant to options or otherwise) in paragraph
 (a) above, otherwise than pursuant to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a
 Rights Issue (as defined in paragraph (d) below);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 grant or exercise of any options under any share option scheme of the Company or any other
 option, scheme or similar arrangements for the time being adopted for the grant or issue
 to the Directors, officers and/or employee of the Company and/or any of its subsidiaries
 and/or other eligible participants specified thereunder of options to subscribe for Class A
 Ordinary Shares or rights to acquire Class A Ordinary Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 vesting of restricted shares and restricted share units granted or to be granted pursuant
 to the share incentive plans of the Company;

– 19 –

**NOTICE OF THE ANNUAL GENERAL MEETING**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any
 scrip dividend or similar arrangement providing for the allotment and issue of Shares in
 lieu of the whole or part of a dividend on Shares in accordance with the Articles of Association;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) a
 specific authority granted by the Shareholders in general meeting,

shall not exceed 20% of the total number of issued Shares (excluding any Treasury Shares) as at the date of the passing of this resolution (such total number to be subject to adjustment in the case of any consolidation or subdivision of any of the Shares into a smaller or larger number of Shares respectively after the passing of this resolution) and the said mandate shall be limited accordingly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) for
 the purposes of this resolution:

"**Relevant Period**" means the period from the passing of this resolution until the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 conclusion of the next annual general meeting of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 expiration of the period within which the next annual general meeting of the Company is required
 to be held by the Articles of Association or any applicable Laws; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 date on which the authority set out in this resolution is revoked or varied by an ordinary
 resolution of the shareholders in general meeting.

"**Rights Issue**" means an offer of Shares of the Company, or an offer or issue of warrants, options or other securities giving rights to subscribe for Shares of the Company, open for a period fixed by the Directors to holders of Shares of the Company whose names appear on the register of members of the Company on a fixed record date in proportion to their then holdings of such Shares of the Company (subject to such exclusions or other arrangements as the Directors may deem necessary or expedient in relation to fractional entitlements or having regard to any restrictions or obligations under the Laws of, or the requirements of any recognized regulatory body or any stock exchange in, any territory applicable to the Company).

Any reference to an allotment, issue, grant, offer or disposal of Class A Ordinary Shares shall include the sale or transfer of treasury shares in the capital of the Company (including to satisfy any obligation upon the conversion or exercise of any convertible securities, options, warrants or similar rights to subscribe for Class A Ordinary Shares), to the extent permitted by, and subject to the provisions of, the Listing Rules and applicable laws and regulations;" and

– 20 –

**NOTICE OF THE ANNUAL GENERAL MEETING**

&nbsp;&nbsp;&nbsp;&nbsp;6. To
 consider and, if thought fit, pass with or without modification the following resolution
 as an ordinary resolution:

"**THAT:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a
 general unconditional mandate be and is hereby given to the directors of the Company during
 the Relevant Period (as defined in paragraph (b) below) to exercise all the powers of
 the Company to purchase its own Shares and/or ADSs on the Stock Exchange or on any other
 stock exchange on which the securities of the Company are or may be listed and which is recognized
 by the SFC and the Stock Exchange for this purpose, provided that the total number of Shares
 and/or Shares underlying the ADSs of the Company which may be purchased pursuant to this
 mandate shall not exceed 10% of the total number of issued Shares (excluding any Treasury
 Shares) as at the date of passing of this resolution (such total number to be subject to
 adjustment in the case of any consolidation or subdivision of any of the Shares into a smaller
 or larger number of Shares respectively after the passing of this resolution) and the said
 mandate shall be limited accordingly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) for
 the purposes of this resolution:

"**Relevant Period**" means the period from the passing of this resolution until the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 conclusion of the next annual general meeting of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 expiration of the period within which the next annual general meeting of the Company is required
 by the Articles of Association or any applicable Laws to be held; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 date on which the authority set out in this resolution is revoked or varied by an ordinary
 resolution of the Shareholders in general meeting"

&nbsp;&nbsp;&nbsp;&nbsp;7. As
 an ordinary resolution, conditional upon the passing of resolutions set out in items 5 and
 6 of the notice convening this meeting (the "**Notice** "), the general mandate
 referred to in the resolution set out in item 5 of this notice be and is hereby extended
 by the addition to the aggregate number of Shares and/or ADSs that may be allotted and issued
 or agreed conditionally or unconditionally to be allotted and issued by the Directors pursuant
 to such general mandate of the number of Shares and/or ADSs repurchased by the Company pursuant
 to the mandate referred to in item 6 of this Notice, provided that such amount shall not
 exceed 10% of the total number of the issued Shares (excluding any Treasury Shares) of the
 Company as at the date of the passing of this resolution (such total number to be subject
 to adjustment in the case of any consolidation or subdivision of any of the Shares into a
 smaller or larger number of Shares respectively after the passing of this resolution).

– 21 –

**NOTICE OF THE ANNUAL GENERAL MEETING**

&nbsp;&nbsp;&nbsp;&nbsp;8. To
 re-appoint Deloitte Touche Tohmatsu Certified Public Accountants LLP and Deloitte Touche
 Tohmatsu as auditors of the Company to hold office until the conclusion of the next annual
 general meeting of the Company and to authorize the Board to fix their remuneration for the
 year ending December 31, 2026.

**SHARES RECORD DATE AND ADS RECORD DATE**

The Board has fixed the close of business on May 5, 2026, (Hong Kong time), as the record date (the "**Share Record Date**") of Class A Ordinary Shares and Class B Ordinary Shares. Holders of record of the Company's Shares (as of the Share Record Date) are entitled to attend and vote at the AGM and any adjourned meeting thereof.

Holders of record of American depositary shares (the "**ADSs**") as of the close of business on May 5, 2026, New York Time (the "**ADS Record Date**," together with the Share Record Date, the "**Record Dates**"), who wish to exercise their voting rights for the underlying Class A Ordinary Shares must give voting instructions to Deutsche Bank Trust Company Americas., the depositary of the ADSs.

In order to be eligible to vote and attend the AGM, with respect to the Shares registered on the Company's share registrar in Hong Kong, all valid documents for the transfers of shares accompanied by the relevant share certificates must be lodged with the Company's share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong, no later than 4:30 p.m. on Tuesday, May 5, 2026, (Hong Kong time); and with respect to ordinary shares registered on the Company's principal share registrar and transfer office in the Cayman Islands, all valid documents for the transfers of shares accompanied by the relevant share certificates must be lodged with the Company's principal share registrar and transfer office, Walkers Corporate Limited, at 190 Elgin Avenue, George Town, Grand Cayman KY1-9008, Cayman Islands, no later than 10:30 a.m. on Tuesday, May 5, 2026, (Hong Kong time). All persons who are registered holders of the ordinary shares on the Share Record Date will be entitled to vote and attend the AGM.

**ATTENDING THE AGM**

Only holders of record of Shares as of the Share Record Date are entitled to attend and vote at the AGM. All officers and agents of the Company reserve the right to refuse any person entry to the AGM venue, or to instruct any person to leave the AGM venue, where such officer or agent reasonably considers that such refusal or instruction is or may be required for the Company or any other person to be able to comply with applicable Laws and regulations. The exercise of such right to refuse entry or instruct to leave shall not invalidate the proceedings at the AGM.

– 22 –

**NOTICE OF THE ANNUAL GENERAL MEETING**

**PROXY FORMS AND ADS VOTING CARDS**

A holder of Shares as of the Share Record Date may appoint proxy(ies) to exercise his or her rights at the AGM. A holder of ADSs as of the ADS Record Date will need to instruct Deutsche Bank Trust Company Americas directly, the depositary of the ADSs, if the ADSs are held by holders on the books and records of the depositary, or indirectly through a bank, brokerage or other securities intermediary, if the ADSs are held by any of them on behalf of holders of the ADSs, as to how to vote the Class A Ordinary Shares represented by the ADSs. Please refer to the proxy form (for holders of Shares) or ADS voting card (for holders of ADSs). The proxy form is available on our website at https://ir.pony.ai/.

Holders of record of the Company's Shares on the Company's register of members as of the Share Record Date are entitled to attend the AGM in person. Your vote is important. You are urged to complete, sign, date, and return the accompanying proxy form to us (for holders of Shares) or your voting instructions directly to Deutsche Bank Trust Company Americas, the depositary of the ADSs, if the ADSs are held by holders on the books and records of the depositary, or indirectly through a bank, brokerage or other securities intermediary, if the ADSs are held by any of them on behalf of holders of the ADSs as promptly as possible and before the prescribed deadline if you wish to exercise your voting rights. We must receive the proxy form by no later than 10:00 a.m. (Hong Kong time), on Saturday, June 6, 2026 at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong; and Deutsche Bank Trust Company Americas must receive your voting instructions by the time and date specified in the ADS voting instruction card to enable the votes attaching to the Class A Ordinary Shares represented by your ADSs to be cast at the AGM.

---

| |
|:---|
| By Order of the Board |
| **Pony AI Inc.** |
| **Dr. Jun Peng** |
| *Chairman of the Board and Chief Executive Officer* |

---

---

| | |
|:---|:---|
| *Head Office and Principal Place of business in the PRC:*<br> 1301 Pearl Development Building<br> 1 Mingzhu 1st Street, Hengli Town<br> Nansha District<br> Guangzhou, PRC | *Registered Office:*<br> 190 Elgin Avenue, George Town<br> Grand Cayman, KY1-9008<br> Cayman Islands |

---

April 22, 2026

*As at the date of this notice, the Board comprises: (i) Dr. Jun Peng and Dr. Tiancheng Lou as executive directors; (ii) Mr. Fei Zhang and Mr. Takeo Hamada as non-executive directors; and (iii) Mr. Jackson Peter Tai, Dr. Mark Qiu and Ms. Asmau Ahmed as independent non-executive directors.*

\* *For identification purposes only*

– 23 –

## Exhibit 99.3

**Exhibit 99.3**

*Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this notice, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this notice.*

![](tm261211d3_ex99-3img01.jpg)

**Pony AI Inc.**

**小馬智行\***

*(A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability)*

**(Stock Code: 2026)**

**NOTICE OF THE ANNUAL GENERAL MEETING**

**NOTICE IS HEREBY GIVEN** that the annual general meeting (the "**AGM**") of Pony AI Inc. (the "**Company**") will be held at 10:00 a.m. (Beijing time) on Monday, June 8, 2026 at 1/F, Building 8, Phase II, Datang Industrial Park, Huangge Town, ansha District, Guangzhou, Guangdong Province, PRC for the purposes of considering and, if thought fit, passing with or without amendments, the following resolutions of the Company (unless otherwise indicated, capitalized terms used in this notice shall have the same meanings as those defined in the circular of the Company dated April 22, 2026):

**ORDINARY RESOLUTIONS**

&nbsp;&nbsp;&nbsp;&nbsp;1. To
 receive, consider and adopt the audited consolidated financial statements of the Company
 for the year ended December 31, 2025 and the reports of the Directors and independent
 auditors thereon.

&nbsp;&nbsp;&nbsp;&nbsp;2. To
 re-elect Mr. Fei Zhang as a non-executive Director.

&nbsp;&nbsp;&nbsp;&nbsp;3. To
 re-elect Mr. Takeo Hamada as a non-executive Director.

&nbsp;&nbsp;&nbsp;&nbsp;4. To
 authorize the Board to fix the remuneration of the Directors.

– 1 –

&nbsp;&nbsp;&nbsp;&nbsp;5. To
 consider and, if thought fit, pass with or without modification the following resolution
 as an ordinary resolution:

"**THAT**:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) subject
 to paragraph (c) below, a general unconditional mandate be and is hereby given to the
 directors of the Company during the Relevant Period (as defined in paragraph (d) below)
 to exercise all the powers of the Company to allot, issue, and deal with additional Class A
 Ordinary Shares or ADSs (including any sale and/or transfer of Treasury Shares) or securities
 convertible into Class A Ordinary Shares, or options, warrants or similar rights to
 subscribe for Class A Ordinary Shares or such convertible securities of the Company
 (other than issuance of options, warrants or similar rights to subscribe for additional Class A
 Ordinary Shares or securities convertible into Class A Ordinary Shares for cash consideration)
 and to make or grant offers, agreements, or options (including any warrants, bonds, notes,
 and debentures conferring any rights to subscribe for or otherwise receive Class A Ordinary
 Shares) that would or might require the exercise of such powers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 mandate in paragraph (a) above shall be in addition to any other authorization given
 to the Directors and shall authorize the Directors to make or grant offers, agreements, and/or
 options during the Relevant Period that would or might require the exercise of such powers
 after the end of the Relevant Period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 total number of Class A Ordinary Shares or ADSs allotted or agreed conditionally or
 unconditionally to be allotted and issued (whether pursuant to options or otherwise) in paragraph
 (a) above, otherwise than pursuant to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a
 Rights Issue (as defined in paragraph (d) below);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 grant or exercise of any options under any share option scheme of the Company or any other
 option, scheme or similar arrangements for the time being adopted for the grant or issue
 to the Directors, officers and/or employee of the Company and/or any of its subsidiaries
 and/or other eligible participants specified thereunder of options to subscribe for Class A
 Ordinary Shares or rights to acquire Class A Ordinary Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 vesting of restricted shares and restricted share units granted or to be granted pursuant
 to the share incentive plans of the Company;

– 2 –

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any
 scrip dividend or similar arrangement providing for the allotment and issue of Shares in
 lieu of the whole or part of a dividend on Shares in accordance with the Articles of Association;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) a
 specific authority granted by the Shareholders in general meeting,

shall not exceed 20% of the total number of issued Shares (excluding any Treasury Shares) as at the date of the passing of this resolution (such total number to be subject to adjustment in the case of any consolidation or subdivision of any of the Shares into a smaller or larger number of Shares respectively after the passing of this resolution) and the said mandate shall be limited accordingly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) for
 the purposes of this resolution:

"**Relevant Period**" means the period from the passing of this resolution until the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 conclusion of the next annual general meeting of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 expiration of the period within which the next annual general meeting of the Company is required
 to be held by the Articles of Association or any applicable Laws; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 date on which the authority set out in this resolution is revoked or varied by an ordinary
 resolution of the shareholders in general meeting.

"**Rights Issue**" means an offer of Shares of the Company, or an offer or issue of warrants, options or other securities giving rights to subscribe for Shares of the Company, open for a period fixed by the Directors to holders of Shares of the Company whose names appear on the register of members of the Company on a fixed record date in proportion to their then holdings of such Shares of the Company (subject to such exclusions or other arrangements as the Directors may deem necessary or expedient in relation to fractional entitlements or having regard to any restrictions or obligations under the Laws of, or the requirements of any recognized regulatory body or any stock exchange in, any territory applicable to the Company).

Any reference to an allotment, issue, grant, offer or disposal of Class A Ordinary Shares shall include the sale or transfer of treasury shares in the capital of the Company (including to satisfy any obligation upon the conversion or exercise of any convertible securities, options, warrants or similar rights to subscribe for Class A Ordinary Shares), to the extent permitted by, and subject to the provisions of, the Listing Rules and applicable laws and regulations;" and

– 3 –

&nbsp;&nbsp;&nbsp;&nbsp;6. To
 consider and, if thought fit, pass with or without modification the following resolution
 as an ordinary resolution:

"**THAT:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a
 general unconditional mandate be and is hereby given to the directors of the Company during
 the Relevant Period (as defined in paragraph (b) below) to exercise all the powers of
 the Company to purchase its own Shares and/or ADSs on the Stock Exchange or on any other
 stock exchange on which the securities of the Company are or may be listed and which is recognized
 by the SFC and the Stock Exchange for this purpose, provided that the total number of Shares
 and/or Shares underlying the ADSs of the Company which may be purchased pursuant to this
 mandate shall not exceed 10% of the total number of issued Shares (excluding any Treasury
 Shares) as at the date of passing of this resolution (such total number to be subject to
 adjustment in the case of any consolidation or subdivision of any of the Shares into a smaller
 or larger number of Shares respectively after the passing of this resolution) and the said
 mandate shall be limited accordingly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) for
 the purposes of this resolution:

"**Relevant Period**" means the period from the passing of this resolution until the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 conclusion of the next annual general meeting of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 expiration of the period within which the next annual general meeting of the Company is required
 by the Articles of Association or any applicable Laws to be held; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 date on which the authority set out in this resolution is revoked or varied by an ordinary
 resolution of the Shareholders in general meeting"

&nbsp;&nbsp;&nbsp;&nbsp;7. As
 an ordinary resolution, conditional upon the passing of resolutions set out in items 5 and
 6 of the notice convening this meeting (the "**Notice** "), the general mandate
 referred to in the resolution set out in item 5 of this notice be and is hereby extended
 by the addition to the aggregate number of Shares and/or ADSs that may be allotted and issued
 or agreed conditionally or unconditionally to be allotted and issued by the Directors pursuant
 to such general mandate of the number of Shares and/or ADSs repurchased by the Company pursuant
 to the mandate referred to in item 6 of this Notice, provided that such amount shall not
 exceed 10% of the total number of the issued Shares (excluding any Treasury Shares) of the
 Company as at the date of the passing of this resolution (such total number to be subject
 to adjustment in the case of any consolidation or subdivision of any of the Shares into a
 smaller or larger number of Shares respectively after the passing of this resolution).

– 4 –

&nbsp;&nbsp;&nbsp;&nbsp;8. To
 re-appoint Deloitte Touche Tohmatsu Certified Public Accountants LLP and Deloitte Touche
 Tohmatsu as auditors of the Company to hold office until the conclusion of the next annual
 general meeting of the Company and to authorize the Board to fix their remuneration for the
 year ending December 31, 2026.

**SHARES RECORD DATE AND ADS RECORD DATE**

The Board has fixed the close of business on May 5, 2026, (Hong Kong time), as the record date (the "**Share Record Date**") of Class A Ordinary Shares and Class B Ordinary Shares. Holders of record of the Company's Shares (as of the Share Record Date) are entitled to attend and vote at the AGM and any adjourned meeting thereof.

Holders of record of American depositary shares (the "**ADSs**") as of the close of business on May 5, 2026, New York Time (the "**ADS Record Date**," together with the Share Record Date, the "**Record Dates**"), who wish to exercise their voting rights for the underlying Class A Ordinary Shares must give voting instructions to Deutsche Bank Trust Company Americas., the depositary of the ADSs.

In order to be eligible to vote and attend the AGM, with respect to the Shares registered on the Company's share registrar in Hong Kong, all valid documents for the transfers of shares accompanied by the relevant share certificates must be lodged with the Company's share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong, no later than 4:30 p.m. on Tuesday, May 5, 2026, (Hong Kong time); and with respect to ordinary shares registered on the Company's principal share registrar and transfer office in the Cayman Islands, all valid documents for the transfers of shares accompanied by the relevant share certificates must be lodged with the Company's principal share registrar and transfer office, Walkers Corporate Limited, at 190 Elgin Avenue, George Town, Grand Cayman KY1-9008, Cayman Islands, no later than 10:30 a.m. on Tuesday, May 5, 2026, (Hong Kong time). All persons who are registered holders of the ordinary shares on the Share Record Date will be entitled to vote and attend the AGM.

**ATTENDING THE AGM**

Only holders of record of Shares as of the Share Record Date are entitled to attend and vote at the AGM. All officers and agents of the Company reserve the right to refuse any person entry to the AGM venue, or to instruct any person to leave the AGM venue, where such officer or agent reasonably considers that such refusal or instruction is or may be required for the Company or any other person to be able to comply with applicable Laws and regulations. The exercise of such right to refuse entry or instruct to leave shall not invalidate the proceedings at the AGM.

– 5 –

**PROXY FORMS AND ADS VOTING CARDS**

A holder of Shares as of the Share Record Date may appoint proxy(ies) to exercise his or her rights at the AGM. A holder of ADSs as of the ADS Record Date will need to instruct Deutsche Bank Trust Company Americas directly, the depositary of the ADSs, if the ADSs are held by holders on the books and records of the depositary, or indirectly through a bank, brokerage or other securities intermediary, if the ADSs are held by any of them on behalf of holders of the ADSs, as to how to vote the Class A Ordinary Shares represented by the ADSs. Please refer to the proxy form (for holders of Shares) or ADS voting card (for holders of ADSs). The proxy form is available on our website at https://ir.pony.ai/.

Holders of record of the Company's Shares on the Company's register of members as of the Share Record Date are entitled to attend the AGM in person. Your vote is important. You are urged to complete, sign, date, and return the accompanying proxy form to us (for holders of Shares) or your voting instructions directly to Deutsche Bank Trust Company Americas, the depositary of the ADSs, if the ADSs are held by holders on the books and records of the depositary, or indirectly through a bank, brokerage or other securities intermediary, if the ADSs are held by any of them on behalf of holders of the ADSs as promptly as possible and before the prescribed deadline if you wish to exercise your voting rights. We must receive the proxy form by no later than 10:00 a.m. (Hong Kong time), on Saturday, June 6, 2026 at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong; and Deutsche Bank Trust Company Americas must receive your voting instructions by the time and date specified in the ADS voting instruction card to enable the votes attaching to the Class A Ordinary Shares represented by your ADSs to be cast at the AGM.

---

| |
|:---|
| By Order of the Board |
| **Pony AI Inc.** |
| **Dr. Jun Peng** |
| *Chairman of the Board and Chief Executive Officer* |

---

---

| | |
|:---|:---|
| *Head Office and Principal Place of business in the PRC:*<br> 1301 Pearl Development Building<br> 1 Mingzhu 1st Street, Hengli Town<br> Nansha District<br> Guangzhou, PRC | *Registered Office:*<br> 190 Elgin Avenue, George Town<br> Grand Cayman, KY1-9008<br> Cayman Islands |

---

April 22, 2026

*As at the date of this notice, the Board comprises: (i) Dr. Jun Peng and Dr. Tiancheng Lou as executive directors; (ii) Mr. Fei Zhang and Mr. Takeo Hamada as non-executive directors; and (iii) Mr. Jackson Peter Tai, Dr. Mark Qiu and Ms. Asmau Ahmed as independent non-executive directors.*

\* *For identification purposes only*

– 6 –

## Exhibit 99.4

**Exhibit 99.4**

![](tm261211d3_ex99-4img01.jpg)

**Pony AI Inc.**

**小馬智行\***

*(A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability)*

**(Stock Code: 2026)**

---

| | |
|:---|:---|
| **Number of shares to which this form of proxy relates *<sup>(Note 1)</sup>*** | <u> </u> Class A ordinary shares |
| **Number of shares to which this form of proxy relates *<sup>(Note 1)</sup>*** | <u> </u> Class B ordinary shares |

---

**FORM OF PROXY FOR ANNUAL GENERAL MEETING**

to be held on Monday, June 8, 2026

(or any adjournment(s) or postponement(s) thereof)

I/We*<sup>(Note 2)</sup>*  

of

being the registered holder(s) of  

Class A ordinary shares/Class B ordinary shares*<sup>(Note 3)</sup>* in the issued share capital of Pony AI Inc. ("**Company**") hereby appoint the chairman of the meeting*<sup>(Note 4)</sup>* or ____________________________________________________________________________________________________________ of ____________________________________________________________________________________________________________________ as my/our proxy to attend, act, and vote for me/us and on my/our behalf as directed below at the annual general meeting ("**AGM**") of the Company to be held at 1/F, Building 8, Phase II, Datang Industrial Park, Huangge Town, Nansha District, Guangzhou, Guangdong Province, PRC, on Monday, June 8, 2026 at 10:00 a.m. (Beijing time) (and at any adjournment thereof).

Please tick ("✔") the appropriate boxes to indicate how you wish your vote(s) to be cast*<sup>(Note 5)</sup>*.

---

| | | | |
|:---|:---|:---|:---|
| **RESOLUTIONS*<sup>(Note 6)</sup>*** | **RESOLUTIONS*<sup>(Note 6)</sup>*** | &nbsp;&nbsp;**FOR** | &nbsp;&nbsp;**AGAINST** |
| &nbsp;&nbsp;1. | &nbsp;&nbsp;To receive and adopt the audited consolidated financial statements of the Company for the year ended December 31, 2025 and the reports of the Directors and independent auditors hereon. |  |  |
| &nbsp;&nbsp;2. | &nbsp;&nbsp;To re-elect Mr. Fei Zhang as a non-executive Director. |  |  |
| &nbsp;&nbsp;3. | &nbsp;&nbsp;To re-elect Mr. Takeo Hamada as a non-executive Director. |  |  |
| &nbsp;&nbsp;4. | &nbsp;&nbsp;To authorize the Board to fix the remuneration of the Directors. |  |  |
| &nbsp;&nbsp;5. | &nbsp;&nbsp;To grant a general mandate to the Directors to issue, allot and deal with additional Class A Ordinary Shares and/or ADSs (including any sale and/or transfer of Treasury Shares) not exceeding 20% of the total number of issued Shares (excluding any Treasury Shares) as at the date of passing of this resolution. |  |  |
| &nbsp;&nbsp;6. | &nbsp;&nbsp;To grant a general mandate to the Directors to repurchase Shares and/or ADSs not exceeding 10% of the total number of issued Shares (excluding any Treasury Shares) as at the date of passing of this resolution. |  |  |
| &nbsp;&nbsp;7. | &nbsp;&nbsp;To extend the general mandate granted to the Directors to issue, allot and deal with additional Class A Ordinary Shares and/ or ADSs (including any sale and/or transfer of Treasury Shares) in the capital of the Company by the aggregate number of the Shares and/or ADSs repurchased by the Company. |  |  |
| &nbsp;&nbsp;8. | &nbsp;&nbsp;To re-appoint Deloitte Touche Tohmatsu Certified Public Accountants LLP and Deloitte Touche Tohmatsu as auditors of the Company to hold office until the conclusion of the next annual general meeting of the Company and to authorize the Board to fix their remuneration for the year ending December 31, 2026. |  |  |

---

Date:<u> </u> 2026 Signature(s)*<sup>(Note 7)</sup>*:<u> </u>

*Notes:*

1. Please delete as appropriate and
insert the number of shares to which this form of proxy relates. If no number is inserted, this form of proxy will be deemed to relate
to all the shares of the Company registered in your name(s). If more than one proxy is appointed, the number of shares in respect of
which each such proxy so appointed must be specified.

2. Full name(s) and address(es)
to be inserted in **BLOCK CAPITALS**.

3. Please insert the number of shares
of the Company registered in your name(s) and delete as appropriate.

4. If any proxy other than the chairman
of the meeting is preferred, please strike out the words "the chairman of the meeting" and insert the name and address of
the proxy desired in the space provided. Any shareholder of the Company entitled to attend and vote at the AGM is entitled to appoint
proxy, and any shareholder of the Company who is the holder of two or more Shares and entitled to attend and vote at the AGM is able
to appoint any number of proxies (who must be individuals) to attend and vote instead of him/her. A proxy need not be a shareholder of
the Company.

**5.** **IMPORTANT: IF YOU WISH TO VOTE FOR A RESOLUTION, PLEASE TICK (" ✔ ") THE BOX MARKED "FOR." IF YOU WISH TO VOTE AGAINST A RESOLUTION, PLEASE TICK (" ✔ ") THE BOX MARKED "AGAINST."** If no direction is given,
your proxy will vote or abstain at his/her discretion. Your proxy will also be entitled to vote at his/her discretion on any resolution
properly put to the AGM other than those referred to in the notice convening the AGM.

6. We refer to the circular (the "**Circular** ")
and notice of the AGM of the Company dated April 22, 2026. Unless otherwise indicated, the capitalized terms used in this notice
shall have the same meaning as those defined in the Circular and the notice of the AGM. The description of the resolutions is by way
of summary only. The full text appears in the notice of the AGM.

7. This form of proxy must be signed
by you or your attorney duly authorized in writing. In case of a corporation, the same must be either under its common seal or under
the hand of an officer, attorney, or other person duly authorized. **ANY ALTERATION MADE TO THIS FORM OF PROXY MUST BE INITIALED BY THE PERSON WHO SIGNS IT**.

8. Where there are joint registered
holders of any share, any one of such persons may vote at the meeting, either personally or by proxy, in respect of such share as if
he/she were solely entitled thereto; but if more than one of such joint holders be present at the meeting personally or by proxy, that
one of the said persons so present being the most or, as the case may be, the more senior shall alone be entitled to vote in respect
of the relevant joint holding and, for this purpose, seniority shall be determined by reference to the order in which the names of the
joint holders stand on the register of members in respect of the relevant joint holding.

9. In order to be valid, this form
of proxy, together with the power of attorney or other authority (if any) under which it is signed or a notarially certified copy thereof,
must be deposited at the Company's Hong Kong Share Registrar, Computershare Hong Kong Investor Services Limited (for both holders
of Class A ordinary shares and holders of Class B ordinary shares), at 17M Floor, Hopewell Centre, 183 Queen's Road East,
Wan Chai, Hong Kong not less than 48 hours before the time appointed for the meeting or the adjourned meeting (as the case may be).

10. Completion and delivery of the form
of proxy will not preclude you from attending and voting at the AGM or any adjournment thereof if you so wish.

**PERSONAL INFORMATION COLLECTION STATEMENT**

Your supply of your and your proxy's (or proxies') name(s) and address(es) is on a voluntary basis for the purpose of processing your request for the appointment of a proxy (or proxies) and your voting instructions for the AGM of the Company (the "**Purposes**"). We may transfer your and your proxy's (or proxies') name(s) and address(es) to our agent, contractor, or third party service provider who provides administrative, computer, and other services to us for use in connection with the Purposes and to such parties who are authorized by law to request the information or are otherwise relevant for the Purposes and need to receive the information. Your and your proxy's (or proxies') name(s) and address(es) will be retained for such period as may be necessary to fulfil the Purposes. Request for access to and/or correction of the relevant personal data can be made in accordance with the provisions of the Personal Data (Privacy) Ordinance and any such request should be in writing by mail to Computershare Hong Kong Investor Services Limited at the above address or by email to PrivacyOfficer@computershare.com.hk.

\* *For identification purposes only*