# EDGAR Filing Document

**Accession Number:** 0001470766
**File Stem:** 0001193125-25-281462
**Filing Date:** 2025-11
**Character Count:** 30564
**Document Hash:** f1124fe15587dcdb0b21f92899ad39cb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-281462.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001193125-25-281462

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**SUBJECT COMPANY**: 

**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:** SCHEDULE 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-94844
- **FILM NUMBER:** 251481052

**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
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HSG Holding Ltd
- **CENTRAL INDEX KEY:** 0001470766

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** SUITE 3613, 36/F, TWO PACIFIC PLACE
- **STREET 2:** 88 QUEENSWAY
- **CITY:** NA
- **STATE:** K3
- **ZIP:** NA
- **BUSINESS PHONE:** 650-854-3927

**MAIL ADDRESS:**
- **STREET 1:** SUITE 3613, 36/F, TWO PACIFIC PLACE
- **STREET 2:** 88 QUEENSWAY
- **CITY:** NA
- **STATE:** K3
- **ZIP:** NA

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SC CHINA HOLDING Ltd
- **DATE OF NAME CHANGE:** 20090821

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 2)**

**Issuer:** Pony AI Inc.

**Title of Class of Securities:** Class A Ordinary Shares , par value $0.0005 per share

**CUSIP Number:** 732908108

**Date of Event Which Requires Filing of this Statement:** 09/30/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [x] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>HSG Venture VI Holdco, Ltd. ("HSG Venture VI Holdco") | Names of Reporting Persons<br>HSG Venture VI Holdco, Ltd. ("HSG Venture VI Holdco") |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>19024198 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>19024198 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>19024198 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>19024198 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>6.3% | Percent of Class Represented by Amount in Row (9)<br>6.3% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** Row 6, 8 and 9. Represented by 18,118,287 Class A Ordinary Shares and 905,911 American Depositary Shares.
Row 11. Based on a total of 304,203,783 shares of Class A Ordinary Shares outstanding as of June 30, 2025, as reported in the Issuer's Form 6-K filed with the Securities and Exchange Commission on October 20, 2025.

---

| 1. | Names of Reporting Persons<br>HSG Venture VII Holdco, Ltd. ("HSG Venture VII Holdco") | Names of Reporting Persons<br>HSG Venture VII Holdco, Ltd. ("HSG Venture VII Holdco") |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>3590885 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>3590885 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3590885 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3590885 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>1.2% | Percent of Class Represented by Amount in Row (9)<br>1.2% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** Row 6, 8 and 9. Represented by 3,419,891 Class A Ordinary Shares and 170,994 American Depositary Shares.
Row 11. Based on a total of 304,203,783 shares of Class A Ordinary Shares outstanding as of June 30, 2025, as reported in the Issuer's Form 6-K filed with the Securities and Exchange Commission on October 20, 2025.

---

| 1. | Names of Reporting Persons<br>HongShan Capital Venture Fund VI, L.P. ("HongShan Capital Venture Fund VI") | Names of Reporting Persons<br>HongShan Capital Venture Fund VI, L.P. ("HongShan Capital Venture Fund VI") |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>19024198 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>19024198 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>19024198 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>19024198 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>6.3% | Percent of Class Represented by Amount in Row (9)<br>6.3% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** Row 6, 8 and 9. Represented by 18,118,287 Class A Ordinary Shares and 905,911 American Depositary Shares that are directly owned by HSG VENTURE VI HOLDCO. The sole shareholder of HSG VENTURE VI HOLDCO is HONGSHAN CAPITAL VENTURE FUND VI.

Row 11. Based on a total of 304,203,783 shares of Class A Ordinary Shares outstanding as of June 30, 2025, as reported in the Issuer's Form 6-K filed with the Securities and Exchange Commission on October 20, 2025.

---

| 1. | Names of Reporting Persons<br>HongShan Capital Venture Fund VII, L.P. ("HongShan Capital Venture Fund VII") | Names of Reporting Persons<br>HongShan Capital Venture Fund VII, L.P. ("HongShan Capital Venture Fund VII") |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>3590885 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>3590885 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3590885 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3590885 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>1.2% | Percent of Class Represented by Amount in Row (9)<br>1.2% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** Row 6, 8 and 9. Represented by 3,419,891 Class A Ordinary Shares and 170,994 American Depositary Shares directly owned by HSG VENTURE VII HOLDCO. The sole shareholder of HSG VENTURE VII HOLDCO is HONGSHAN CAPITAL VENTURE FUND VII.

Row 11. Based on a total of 304,203,783 shares of Class A Ordinary Shares outstanding as of June 30, 2025, as reported in the Issuer's Form 6-K filed with the Securities and Exchange Commission on October 20, 2025.

---

| 1. | Names of Reporting Persons<br>HSG Venture VI Management, L.P. ("HSG Venture VI Management") | Names of Reporting Persons<br>HSG Venture VI Management, L.P. ("HSG Venture VI Management") |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>19024198 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>19024198 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>19024198 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>19024198 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>6.3% | Percent of Class Represented by Amount in Row (9)<br>6.3% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** Row 6, 8 and 9. Represented by 18,118,287 Class A Ordinary Shares and 905,911 American Depositary Shares directly owned by HSG VENTURE VI HOLDCO. The sole shareholder of HSG VENTURE VI HOLDCO is HONGSHAN CAPITAL VENTURE FUND VI. The General Partner of HONGSHAN CAPITAL VENTURE FUND VI is HSG VENTURE VI MANAGEMENT.

Row 11. Based on a total of 304,203,783 shares of Class A Ordinary Shares outstanding as of June 30, 2025, as reported in the Issuer's Form 6-K filed with the Securities and Exchange Commission on October 20, 2025.

---

| 1. | Names of Reporting Persons<br>HSG Venture VII Management, L.P. ("HSG Venture VII Management") | Names of Reporting Persons<br>HSG Venture VII Management, L.P. ("HSG Venture VII Management") |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>3590885 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>3590885 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3590885 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3590885 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>1.2% | Percent of Class Represented by Amount in Row (9)<br>1.2% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** Row 6, 8 and 9. Represented by 3,419,891 Class A Ordinary Shares and 170,994 American Depositary Shares directly owned by HSG VENTURE VII HOLDCO. The sole shareholder of HSG VENTURE VII HOLDCO is HONGSHAN CAPITAL VENTURE FUND VII. The General Partner of HONGSHAN CAPITAL VENTURE FUND VII is HSG VENTURE VII MANAGEMENT.

Row 11. Based on a total of 304,203,783 shares of Class A Ordinary Shares outstanding as of June 30, 2025, as reported in the Issuer's Form 6-K filed with the Securities and Exchange Commission on October 20, 2025.

---

| 1. | Names of Reporting Persons<br>HSG Holding Limited ("HSG Holding") | Names of Reporting Persons<br>HSG Holding Limited ("HSG Holding") |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>22615083 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>22615083 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>22615083 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>22615083 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>7.4% | Percent of Class Represented by Amount in Row (9)<br>7.4% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** Row 6, 8 and 9. Represented by 21,538,178  Class A Ordinary Shares and 1,076,905 American Depositary Shares (together, the "shares"). 19,024,198 shares are directly owned by HSG VENTURE VI HOLDCO and 3,590,885 shares are directly owned by HSG VENTURE VII HOLDCO. The sole shareholder of HSG VENTURE VI HOLDCO is HONGSHAN CAPITAL VENTURE FUND VI. The General Partner of HONGSHAN CAPITAL VENTURE FUND VI is HSG VENTURE VI MANAGEMENT. The sole shareholder of HSG VENTURE VII HOLDCO is HONGSHAN CAPITAL VENTURE FUND VII. The General Partner of HONGSHAN CAPITAL VENTURE FUND VII is HSG VENTURE VII MANAGEMENT. The General Partner of each of HSG VENTURE VI MANAGEMENT and HSG VENTURE VII MANAGEMENT is HSG HOLDING.

Row 11. Based on a total of 304,203,783 shares of Class A Ordinary Shares outstanding as of June 30, 2025, as reported in the Issuer's Form 6-K filed with the Securities and Exchange Commission on October 20, 2025.

---

| 1. | Names of Reporting Persons<br>SNP China Enterprises Limited ("SNP China Enterprises") | Names of Reporting Persons<br>SNP China Enterprises Limited ("SNP China Enterprises") |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>D8 | Citizenship or Place of Organization<br>D8 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>22615083 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>22615083 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>22615083 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>22615083 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>7.4% | Percent of Class Represented by Amount in Row (9)<br>7.4% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** Row 6, 8 and 9. Represented by 21,538,178  Class A Ordinary Shares and 1,076,905 American Depositary Shares (together, the "shares"). 19,024,198 shares are directly owned by HSG VENTURE VI HOLDCO and 3,590,885 shares are directly owned by HSG VENTURE VII HOLDCO. The sole shareholder of HSG VENTURE VI HOLDCO is HONGSHAN CAPITAL VENTURE FUND VI. The General Partner of HONGSHAN CAPITAL VENTURE FUND VI is HSG VENTURE VI MANAGEMENT. The sole shareholder of HSG VENTURE VII HOLDCO is HONGSHAN CAPITAL VENTURE FUND VII. The General Partner of HONGSHAN CAPITAL VENTURE FUND VII is HSG VENTURE VII MANAGEMENT. The General Partner of each of HSG VENTURE VI MANAGEMENT and HSG VENTURE VII MANAGEMENT is HSG HOLDING. HSG HOLDING is wholly owned by SNP CHINA ENTERPRISES.

Row 11. Based on a total of 304,203,783 shares of Class A Ordinary Shares outstanding as of June 30, 2025, as reported in the Issuer's Form 6-K filed with the Securities and Exchange Commission on October 20, 2025.

---

| 1. | Names of Reporting Persons<br>Neil Nanpeng Shen ("NS") | Names of Reporting Persons<br>Neil Nanpeng Shen ("NS") |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>K3 | Citizenship or Place of Organization<br>K3 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>22615083 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>22615083 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>22615083 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>22615083 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>7.4% | Percent of Class Represented by Amount in Row (9)<br>7.4% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

**Comment for Type of Reporting Person:** Row 6, 8 and 9. Represented by 21,538,178  Class A Ordinary Shares and 1,076,905 American Depositary Shares (together, the "shares"). 19,024,198 shares are directly owned by HSG VENTURE VI HOLDCO and 3,590,885 shares are directly owned by HSG VENTURE VII HOLDCO. The sole shareholder of HSG VENTURE VI HOLDCO is HONGSHAN CAPITAL VENTURE FUND VI. The General Partner of HONGSHAN CAPITAL VENTURE FUND VI is HSG VENTURE VI MANAGEMENT. The sole shareholder of HSG VENTURE VII HOLDCO is HONGSHAN CAPITAL VENTURE FUND VII. The General Partner of HONGSHAN CAPITAL VENTURE FUND VII is HSG VENTURE VII MANAGEMENT. The General Partner of each of HSG VENTURE VI MANAGEMENT and HSG VENTURE VII MANAGEMENT is HSG HOLDING. HSG HOLDING is wholly owned by SNP CHINA ENTERPRISES. NS wholly owns SNP CHINA ENTERPRISES.

Row 11. Based on a total of 304,203,783 shares of Class A Ordinary Shares outstanding as of June 30, 2025, as reported in the Issuer's Form 6-K filed with the Securities and Exchange Commission on October 20, 2025.

---

**Item 1(a). Name of Issuer:**
Pony AI Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
1301 Pearl Development Building, 1 Mingzhu 1st Street, Hengli Town, Nansha District, Guangzhou, 511458, People's Republic of China

**Item 2(a). Name of Person Filing:**
HSG Venture VI Holdco, Ltd.
HSG Venture VII Holdco, Ltd.
HongShan Capital Venture Fund VI, L.P.
HongShan Capital Venture Fund VII, L.P.
HSG Venture VI Management, L.P.
HSG Venture VII Management, L.P.
HSG Holding Limited
SNP China Enterprises Limited
Neil Nanpeng Shen

The sole shareholder of HSG VENTURE VI HOLDCO is HONGSHAN CAPITAL VENTURE FUND VI. The General Partner of HONGSHAN CAPITAL VENTURE FUND VI is HSG VENTURE VI MANAGEMENT. The General Partner of HSG VENTURE VI MANAGEMENT is HSG HOLDING. HSG HOLDING is wholly owned by SNP CHINA ENTERPRISES. NS wholly owns SNP CHINA ENTERPRISES.

The sole shareholder of HSG VENTURE VII HOLDCO is HONGSHAN CAPITAL VENTURE FUND VII. The General Partner of HONGSHAN CAPITAL VENTURE FUND VII is HSG VENTURE VII MANAGEMENT. The General Partner of HSG VENTURE VII MANAGEMENT is HSG HOLDING. HSG HOLDING is wholly owned by SNP CHINA ENTERPRISES. NS wholly owns SNP CHINA ENTERPRISES.

**Item 2(b). Address of Principal Business Office:**
Suite 3613, 36/F, Two Pacific Place
88 Queensway
Hong Kong

**Item 2(c). Citizenship:**
HSG VENTURE VI HOLDCO, HSG VENTURE VII HOLDCO, HONGSHAN CAPITAL VENTURE FUND VI, HONGSHAN CAPITAL VENTURE FUND VII, HSG VENTURE VI MANAGEMENT, HSG VENTURE VII MANAGEMENT, HSG HOLDING: Cayman Islands; SNP CHINA ENTERPRISES: British Virgin Islands; NS: Hong Kong SAR

**Item 2(d). Title of Class of Securities:**
Class A Ordinary Shares , par value $0.0005 per share

**Item 2(e). CUSIP Number:**
732908108

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

22,615,083
Represented by 21,538,178  Class A Ordinary Shares and 1,076,905 American Depositary Shares (together, the "shares"). 19,024,198 shares are directly owned by HSG VENTURE VI HOLDCO and 3,590,885 shares are directly owned by HSG VENTURE VII HOLDCO.. The sole shareholder of HSG VENTURE VI HOLDCO is HONGSHAN CAPITAL VENTURE FUND VI. The General Partner of HONGSHAN CAPITAL VENTURE FUND VI is HSG VENTURE VI MANAGEMENT. The sole shareholder of HSG VENTURE VII HOLDCO is HONGSHAN CAPITAL VENTURE FUND VII. The General Partner of HONGSHAN CAPITAL VENTURE FUND VII is HSG VENTURE VII MANAGEMENT. The General Partner of each of HSG VENTURE VI MANAGEMENT and HSG VENTURE VII MANAGEMENT is HSG HOLDING. HSG HOLDING is wholly owned by SNP CHINA ENTERPRISES. NS wholly owns SNP CHINA ENTERPRISES.

**(b) Percent of class:**

7.4%
The percentage is based on a total of 304,203,783 shares of Class A Ordinary Shares outstanding as of June 30, 2025, as reported in the Issuer's Form 6-K filed with the Securities and Exchange Commission on October 20, 2025.

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

0

**(ii) Shared power to vote or to direct the vote:**

HSG Venture VI Holdco, Ltd.: 19,024,198
HSG Venture VII Holdco, Ltd.: 3,590,885
HongShan Capital Venture Fund VI, L.P.: 19,024,198
HongShan Capital Venture Fund VII, L.P.: 3,590,885
HSG Venture VI Management, L.P.: 19,024,198
HSG Venture VII Management, L.P.: 3,590,885
HSG Holding Limited: 22,615,083
SNP China Enterprises Limited: 22,615,083
Neil Nanpeng Shen: 22,615,083

**(iii) Sole power to dispose or to direct the disposition of:**

0

**(iv) Shared power to dispose or to direct the disposition of:**

HSG Venture VI Holdco, Ltd.: 19,024,198
HSG Venture VII Holdco, Ltd.: 3,590,885
HongShan Capital Venture Fund VI, L.P.: 19,024,198
HongShan Capital Venture Fund VII, L.P.: 3,590,885
HSG Venture VI Management, L.P.: 19,024,198
HSG Venture VII Management, L.P.: 3,590,885
HSG Holding Limited: 22,615,083
SNP China Enterprises Limited: 22,615,083
Neil Nanpeng Shen: 22,615,083

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

—

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

—

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**HSG Venture VI Holdco, Ltd. ("HSG Venture VI Holdco")**

**Date:** 11/14/2025

**By:** /s/ Neil Nanpeng Shen

**Name & Title:** Neil Nanpeng Shen/Authorized Signatory

**HSG Venture VII Holdco, Ltd. ("HSG Venture VII Holdco")**

**Date:** 11/14/2025

**By:** /s/ Neil Nanpeng Shen

**Name & Title:** Neil Nanpeng Shen/Authorized Signatory

**HongShan Capital Venture Fund VI, L.P. ("HongShan Capital Venture Fund VI")**

**Date:** 11/14/2025

**By:** /s/ Neil Nanpeng Shen

**Name & Title:** Neil Nanpeng Shen/Authorized Signatory

**HongShan Capital Venture Fund VII, L.P. ("HongShan Capital Venture Fund VII")**

**Date:** 11/14/2025

**By:** /s/ Neil Nanpeng Shen

**Name & Title:** Neil Nanpeng Shen/Authorized Signatory

**HSG Venture VI Management, L.P. ("HSG Venture VI Management")**

**Date:** 11/14/2025

**By:** /s/ Neil Nanpeng Shen

**Name & Title:** Neil Nanpeng Shen/Authorized Signatory

**HSG Venture VII Management, L.P. ("HSG Venture VII Management")**

**Date:** 11/14/2025

**By:** /s/ Neil Nanpeng Shen

**Name & Title:** Neil Nanpeng Shen/Authorized Signatory

**HSG Holding Limited ("HSG Holding")**

**Date:** 11/14/2025

**By:** /s/ Neil Nanpeng Shen

**Name & Title:** Neil Nanpeng Shen/Authorized Signatory

**SNP China Enterprises Limited ("SNP China Enterprises")**

**Date:** 11/14/2025

**By:** /s/ Neil Nanpeng Shen

**Name & Title:** Neil Nanpeng Shen/Authorized Signatory

**Neil Nanpeng Shen ("NS")**

**Date:** 11/14/2025

**By:** /s/ Neil Nanpeng Shen

**Name & Title:** Neil Nanpeng Shen