Pony AI Inc. Announces Results of Extraordinary General Meeting, Class A Meeting, and Class B Meeting

Pony AI (NASDAQ: PONY) announced that shareholders approved all proposed resolutions at extraordinary general, Class A and Class B meetings on April 2, 2026 in Guangzhou.

Rhea-AI Summary

Pony AI (NASDAQ: PONY) announced that shareholders approved all proposed resolutions at extraordinary general, Class A and Class B meetings on April 2, 2026 in Guangzhou.

Approvals include a re-designation of 20,000,000 shares to Class A (resulting in 518,911,230 Class A and 81,088,770 Class B), an amended and restated memorandum and articles, adoption of a 2026 Share Scheme with proposed director grants, and director mandates to issue and to repurchase Class A shares and/or ADSs.

Positive

• Authorized capital re-designated to create 518,911,230 Class A and 81,088,770 Class B shares
• Adoption of the 2026 Share Scheme enabling equity incentives
• Directors granted general mandate to issue additional Class A shares/ADSs
• Directors granted general mandate to repurchase shares/ADSs

Negative

• Share re-designation may increase dilution risk if issuance mandate is used

Argus Apr 2 session

+0.11% close to close Open Argus

Details

News Market Reaction – PONY

On Apr 2, the day this news came out, PONY closed 0.11% above the previous close.

Data tracked by StockTitan Argus for the Apr 2 session.

Key Figures

Re-designated shares: 20,000,000 shares Class A share count: 518,911,230 shares Class B share count: 81,088,770 shares +1 more

Re-designated shares

20,000,000 shares

Re-designated as Class A Ordinary Shares

Class A share count

518,911,230 shares

Authorised Class A Ordinary Shares after amendment

Class B share count

81,088,770 shares

Authorised Class B Ordinary Shares after amendment

Par value

US$0.0005 per share

Par value of each Class A and Class B Ordinary Share

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24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

class a ordinary shares, class b ordinary shares, american depositary shares

3 terms

class a ordinary shares financial

"re-designating 20,000,000 shares as Class A Ordinary Shares, resulting in 518,911,230"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

class b ordinary shares financial

"518,911,230 Class A Ordinary Shares and 81,088,770 Class B Ordinary Shares"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

american depositary shares financial

"issue, allot and deal with additional Class A ordinary shares and/or American depositary shares"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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GUANGZHOU, China, April 02, 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 each of the following proposed resolutions submitted for shareholders' approval (the “Proposed Resolutions”) as set forth in the notice of the extraordinary general meeting, notice of Class A meeting and notice of Class B meeting, each dated February 5, 2026, Hong Kong time, has been adopted at the meetings held in Guangzhou, China today.

After the adoption of the Proposed Resolutions, all corporate authorizations and actions contemplated thereunder are approved, including, among other things, that (i) the Company’s authorised share capital is amended by re-designating 20,000,000 shares as Class A Ordinary Shares, resulting in 518,911,230 Class A Ordinary Shares and 81,088,770 Class B Ordinary Shares, all of par value US$0.0005 each; (ii) the Company's existing memorandum and articles of association are amended and restated by their deletion in their entirety and by the substitution in their place of the tenth amended and restated memorandum and articles of association in the form as set out in Appendix IA to the circular of the Company dated February 5, 2026, Hong Kong time; (iii) the 2026 Share Scheme is adopted and proposed grants to directors under the 2026 Share Scheme are approved; (iv) the directors of the Company are granted a general mandate to issue, allot and deal with additional Class A ordinary shares and/or American depositary shares ("ADSs") of the Company; and (v) the directors of the Company are granted a general mandate to repurchase shares and/or ADSs of the Company, respectively, on the terms and in the periods as set out in the notice of extraordinary general meeting.

About Pony AI Inc.

Pony AI Inc. (“Pony.ai”) (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: https://ir.pony.ai.

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: ir@pony.ai

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Pony AI shareholders approve at the April 2, 2026 meetings (PONY)?

Shareholders approved all proposed resolutions, including share re-designation, governance documents, a 2026 Share Scheme, and issuer and repurchase mandates. According to the company, the approvals take effect following the meetings held in Guangzhou on April 2, 2026.

How many Class A and Class B shares does Pony AI have after the April 2, 2026 re-designation (PONY)?

Post re-designation, Pony AI has 518,911,230 Class A and 81,088,770 Class B shares. According to the company, 20,000,000 shares were re-designated to Class A, all with par value US$0.0005 each.

What is the 2026 Share Scheme approved by Pony AI on April 2, 2026 (PONY)?

The 2026 Share Scheme is an equity incentive plan adopted for the company, with proposed grants to directors approved. According to the company, the scheme was adopted as part of the resolutions passed at the meetings on April 2, 2026.

What do the director mandates approved on April 2, 2026 allow Pony AI to do (PONY)?

The mandates permit directors to issue, allot and deal with additional Class A shares and/or ADSs and to repurchase shares and/or ADSs. According to the company, mandates are granted on the terms and periods set out in the meeting notice.

When did Pony AI amend its memorandum and articles of association (PONY)?

Pony AI amended and restated its memorandum and articles by replacing them with a tenth amended and restated version. According to the company, the amendment was approved at the April 2, 2026 shareholder meetings in Guangzhou.