SCHEDULE 13G/A 0001470766 XXXXXXXX LIVE 1 Class A Ordinary Shares , par value $0.0005 per share 06/30/2025 0001969302 Pony AI Inc. 732908108 1301 Pearl Development Building 1 Mingzhu 1st Street Hengli Town, Nansha District F4 511458 Rule 13d-1(d) HSG Venture VI Holdco, Ltd. ("HSG Venture VI Holdco") E9 0 23100814 0 23100814 23100814 N 8.4 OO Row 6, 8 and 9. Represented by 18,118,287 Class A Ordinary Shares and 4,982,527 American Depositary Shares. Row 11. Based on a total of 274,203,783 shares of Class A Ordinary Shares outstanding as of April 10, 2025, as reported in the Issuer's 20-F filed with the Securities and Exchange Commission on April 25, 2025. HSG Venture VII Holdco, Ltd. ("HSG Venture VII Holdco") E9 0 4360361 0 4360361 4360361 N 1.6 OO Row 6, 8 and 9. Represented by 3,419,891 Class A Ordinary Shares and 940,470 American Depositary Shares. Row 11. Based on a total of 274,203,783 shares of Class A Ordinary Shares outstanding as of April 10, 2025, as reported in the Issuer's 20-F filed with the Securities and Exchange Commission on April 25, 2025. HongShan Capital Venture Fund VI, L.P. ("HongShan Capital Venture Fund VI") E9 0 23100814 0 23100814 23100814 N 8.4 PN Row 6, 8 and 9. Represented by 18,118,287 Class A Ordinary Shares and 4,982,527 American Depositary Shares (together, the "shares"). 23,100,814 shares 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 274,203,783 shares of Class A Ordinary Shares outstanding as of April 10, 2025, as reported in the Issuer's 20-F filed with the Securities and Exchange Commission on April 25, 2025. HongShan Capital Venture Fund VII, L.P. ("HongShan Capital Venture Fund VII") E9 0 4360361 0 4360361 4360361 N 1.6 PN Row 6, 8 and 9. Represented by 3,419,891 Class A Ordinary Shares and 940,470 American Depositary Shares (together, the "shares"). 4,360,361 shares are 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 274,203,783 shares of Class A Ordinary Shares outstanding as of April 10, 2025, as reported in the Issuer's 20-F filed with the Securities and Exchange Commission on April 25, 2025 HSG Venture VI Management, L.P. ("HSG Venture VI Management") E9 0 23100814 0 23100814 23100814 N 8.4 PN Row 6, 8 and 9. Represented by 18,118,287 Class A Ordinary Shares and 4,982,527 American Depositary Shares (together, the "shares"). 23,100,814 shares 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 274,203,783 shares of Class A Ordinary Shares outstanding as of April 10, 2025, as reported in the Issuer's 20-F filed with the Securities and Exchange Commission on April 25, 2025. HSG Venture VII Management, L.P. ("HSG Venture VII Management") E9 0 4360361 0 4360361 4360361 N 1.6 PN Row 6, 8 and 9. Represented by 3,419,891 Class A Ordinary Shares and 940,470 American Depositary Shares (together, the "shares"). 4,360,361 shares are 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 274,203,783 shares of Class A Ordinary Shares outstanding as of April 10, 2025, as reported in the Issuer's 20-F filed with the Securities and Exchange Commission on April 25, 2025 HSG Holding Limited ("HSG Holding") E9 0 27461175 0 27461175 27461175 N 10.0 OO Row 6, 8 and 9. Represented by 21,538,178 Class A Ordinary Shares and 5,922,997 American Depositary Shares (together, the "shares"). 23,100,814 shares are directly owned by HSG VENTURE VI HOLDCO and 4,360,361 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 274,203,783 shares of Class A Ordinary Shares outstanding as of April 10, 2025, as reported in the Issuer's 20-F filed with the Securities and Exchange Commission on April 25, 2025. SNP China Enterprises Limited ("SNP China Enterprises") D8 0 27461175 0 27461175 27461175 N 10.0 OO Row 6, 8 and 9. Represented by 21,538,178 Class A Ordinary Shares and 5,922,997 American Depositary Shares (together, the "shares"). 23,100,814 shares are directly owned by HSG VENTURE VI HOLDCO and 4,360,361 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 274,203,783 shares of Class A Ordinary Shares outstanding as of April 10, 2025, as reported in the Issuer's 20-F filed with the Securities and Exchange Commission on April 25, 2025. Neil Nanpeng Shen ("NS") K3 0 27461175 0 27461175 27461175 N 10.0 IN Row 6, 8 and 9. Represented by 21,538,178 Class A Ordinary Shares and 5,922,997 American Depositary Shares (together, the "shares"). 23,100,814 shares are directly owned by HSG VENTURE VI HOLDCO and 4,360,361 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 274,203,783 shares of Class A Ordinary Shares outstanding as of April 10, 2025, as reported in the Issuer's 20-F filed with the Securities and Exchange Commission on April 25, 2025. Pony AI Inc. 1301 Pearl Development Building, 1 Mingzhu 1st Street, Hengli Town, Nansha District, Guangzhou, 511458, People's Republic of China 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. Suite 3613, 36/F, Two Pacific Place 88 Queensway Hong Kong 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 Y 27,461,175 Represented by 21,538,178 Class A Ordinary Shares and 5,922,997 American Depositary Shares (together, the "shares"). 23,100,814 shares are directly owned by HSG VENTURE VI HOLDCO and 4,360,361 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. 10.0% The percentage is based on a total of 274,203,783 shares of Class A Ordinary Shares outstanding as of April 10, 2025, as reported in the Issuer's 20-F filed with the Securities and Exchange Commission on April 25, 2025. 0 HSG Venture VI Holdco, Ltd.: 23,100,814 HSG Venture VII Holdco, Ltd.: 4,360,361 HongShan Capital Venture Fund VI, L.P.: 23,100,814 HongShan Capital Venture Fund VII, L.P.: 4,360,361 HSG Venture VI Management, L.P.: 23,100,814 HSG Venture VII Management, L.P.: 4,360,361 HSG Holding Limited: 27,461,175 SNP China Enterprises Limited: 27,461,175 Neil Nanpeng Shen: 27,461,175 0 HSG Venture VI Holdco, Ltd.: 23,100,814 HSG Venture VII Holdco, Ltd.: 4,360,361 HongShan Capital Venture Fund VI, L.P.: 23,100,814 HongShan Capital Venture Fund VII, L.P.: 4,360,361 HSG Venture VI Management, L.P.: 23,100,814 HSG Venture VII Management, L.P.: 4,360,361 HSG Holding Limited: 27,461,175 SNP China Enterprises Limited: 27,461,175 Neil Nanpeng Shen: 27,461,175 Y Y Y Y Y Y HSG Venture VI Holdco, Ltd. ("HSG Venture VI Holdco") Neil Nanpeng Shen 08/14/2025 HSG Venture VII Holdco, Ltd. ("HSG Venture VII Holdco") Neil Nanpeng Shen 02/14/2025 HongShan Capital Venture Fund VI, L.P. ("HongShan Capital Venture Fund VI") Neil Nanpeng Shen 08/14/2025 HongShan Capital Venture Fund VII, L.P. ("HongShan Capital Venture Fund VII") Neil Nanpeng Shen 08/14/2025 HSG Venture VI Management, L.P. ("HSG Venture VI Management") Neil Nanpeng Shen 08/14/2025 HSG Venture VII Management, L.P. ("HSG Venture VII Management") Neil Nanpeng Shen 08/14/2025 HSG Holding Limited ("HSG Holding") Neil Nanpeng Shen 08/14/2025 SNP China Enterprises Limited ("SNP China Enterprises") Neil Nanpeng Shen 08/14/2025 Neil Nanpeng Shen ("NS") Neil Nanpeng Shen 08/14/2025