Pony AI Re-designates 20M Shares, Adopts 2026 Share Scheme and Mandates
Share capital amended by re-designating 20,000,000 shares as Class A, yielding 518,911,230 Class A and 81,088,770 Class B Ordinary Shares. Pony AI also amended its charter, adopted a 2026 Share Scheme, and granted directors mandates to issue and repurchase Class A shares and ADSs.
1. Resolutions Adopted
At the extraordinary general meeting and Class A and Class B meetings held on April 2, Pony AI secured shareholder approval for five key resolutions, including share capital amendment, charter restatement, 2026 Share Scheme adoption, and mandates for share issuance and repurchase.
2. Share Capital Structure
The company re-designated 20,000,000 shares as Class A Ordinary Shares, resulting in a total of 518,911,230 Class A and 81,088,770 Class B Ordinary Shares, each with a par value of US$0.0005.
3. Charter Restatement
Pony AI replaced its existing memorandum and articles of association in their entirety with a tenth amended and restated version, aligning its governance framework with current corporate objectives.
4. Share Scheme and Mandates
Shareholders approved the 2026 Share Scheme, including proposed grants to directors, and granted the board general mandates to issue, allot, deal with additional Class A ordinary shares and ADSs, as well as to repurchase shares and ADSs per the meeting notices.