FORM 2 - Corporate Substantial Shareholder Notice
 
Form Serial Number: CS20260925E00321 
1. Date of relevant event: 22/09/2026
(dd/mm/yyyy)
2. Date when the substantial shareholder becomes aware of the relevant event / interest in the shares (if later):
(dd/mm/yyyy)
3. Stock code: 02026
4. Name of listed corporation: Pony AI Inc. - W 
5. Class of shares: Ordinary Shares 
6. Number of issued shares in class: 353,324,845
7. Name of substantial shareholder: Deutsche Bank Aktiengesellschaft (Incorporated in the Federal Republic of Germany & members’ liability is limited) 
8. Registered office: 12 Taunusanlage, 60325 Frankfurt am Main, Hessen, Germany
9. Principal place of business in Hong Kong: 60/F International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong 
15. Exchange on which listed: Deutsche Boerse and New York Stock Exchange
16. Name of listed parent and exchange on which parent is listed:  
17. Details of relevant event:
  Brief description of relevant event Capacity in which shares were/are held Number of shares bought/sold or involved Currency of transaction On Exchange Off Exchange
Before relevant event After relevant event Highest price (per share) Average price (per share) Average consideration (per share) Nature of consideration
Long position
1205The percentage level of your interest in the shares has reduced because:
you ceased to have a security interest in the shares
2303Depositary
322,940 HKD 0.0000
3104Services
Short position 
1205The percentage level of your interest in the shares has reduced because:
you ceased to have a security interest in the shares
 
2303Depositary
 
 		 322,940           
18. Total shares immediately before the relevant event:
 Total number of sharesPercentage figure (%)
Long position184,050,89152.09
Short position183,995,50552.08
19. Total shares immediately after the relevant event:
 Total number of sharesPercentage figure (%)
Long position183,727,95151.99
Short position183,672,56551.98
20. Capacity in which interests disclosed in Box 19 are held:
Capacity codeNumber of shares
2303Depositary
Long position183,672,565
Short position183,672,565
2102Investment manager
Long position55,386
Short position0

21. Further information in respect of derivative interests:
Derivatives codeNumber of shares
4102Listed derivatives - Cash settled
Long position54,486
Short position0
22. Further information in relation to interests of corporations controlled by substantial shareholder:
Name of controlled corporationAddress and place of incorporationName of controlling person% controlDirect interest (Y/N)Number of shares
DB USA Corporation1209 Orange Street, Corporation Trust Center, Wilmington / 19801, Delaware (DE), USA (United States)Deutsche Bank Aktiengesellschaft100.00N
Long position183,672,565
Short position183,672,565
Deutsche Bank Trust Corporation28 Liberty Street, New York / 10005, New York (NY), USA (United States)DB USA Corporation100.00N
Long position183,672,565
Short position183,672,565
Deutsche Bank Trust Company Americas1 Columbus Circle New York / 10019, New York (NY), USA (United States)Deutsche Bank Trust Corporation100.00Y
Long position183,672,565
Short position183,672,565
DB Beteiligungs-Holding GmbHTaunusanlage 12, Frankfurt / 60325, Hessen, GermanyDeutsche Bank Aktiengesellschaft100.00N
Long position2,061
Short position0
DWS Group GmbH & Co. KGaAMainzer Landstraße 11-17, Frankfurt / 60329, Hessen, GermanyDB Beteiligungs-Holding GmbH79.49N
Long position2,061
Short position0
DWS USA Corporation1209 Orange Street, Corporation Trust Center, Wilmington / 19801, Delaware (DE), USA (United States)DWS Group GmbH & Co. KGaA100.00N
Long position2,061
Short position0
DBX Advisors LLC1209 Orange Street, Corporation Trust Center, Wilmington / 19801, Delaware (DE), USA (United States)DWS USA Corporation100.00Y
Long position2,061
Short position0
DB Beteiligungs-Holding GmbHTaunusanlage 12, Frankfurt / 60325, Hessen, GermanyDeutsche Bank Aktiengesellschaft100.00N
Long position16,653
Short position0
DWS Group GmbH & Co. KGaAMainzer Landstraße 11-17, Frankfurt / 60329, Hessen, GermanyDB Beteiligungs-Holding GmbH79.49N
Long position16,653
Short position0
DWS Beteiligungs GmbHMainzer Landstraße 11-17, Frankfurt / 60329, Hessen, GermanyDWS Group GmbH & Co. KGaA98.28N
Long position16,653
Short position0
DWS Investment GmbHMainzer Landstraße 11-17, Frankfurt / 60329, Hessen, GermanyDWS Beteiligungs GmbH100.00Y
Long position16,653
Short position0
DB Beteiligungs-Holding GmbHTaunusanlage 12, Frankfurt / 60325, Hessen, GermanyDeutsche Bank Aktiengesellschaft100.00N
Long position36,672
Short position0
DWS Group GmbH & Co. KGaAMainzer Landstraße 11-17, Frankfurt / 60329, Hessen, GermanyDB Beteiligungs-Holding GmbH79.49N
Long position36,672
Short position0
DWS Investments UK Limited21 Moorfields, London / EC2Y 9DB, Greater London, Great BritainDWS Group GmbH & Co. KGaA100.00Y
Long position36,672
Short position0

23. Further information in relation to interests held by substantial shareholder jointly with another person:
Name of joint shareholderAddressNumber of shares
 
24. Further information from a trustee, a beneficiary of a trust, or a person who set up a discretionary trust:
Names of trustAddressStatus codeNumber of shares
  
25. Further information from a party to an agreement under Section 317 (Please see Notes for further information required):
Names of other partiesAddressNumber of shares
 
Total number of shares in which a substantial shareholder is interested under sections 317 and 318
26. Details of person(s) in accordance with whose directions the substantial shareholder or its directors are accustomed to act:
NamesAddressRelationship CodePercentage (%)
  
 
27. Supplementary information: Deutsche Bank AG via its subsidiary Deutsche Bank Trust Company Americas acting in its capacity as a depositary of the ADR program of the Company has decreased its security interest.
28. Log/Serial Number of the previous form:
29. Number of concert party document(s) under section 317 attached/uploaded:
Date of filing this Form 2: 25/09/2026
(dd/mm/yyyy)