Deutsche Bank appointed as depositary bank for the sponsored American Depositary Receipt program of Pony AI Inc.

Rhea-AI Summary

Deutsche Bank has been appointed as the depositary bank for Pony AI Inc.'s (NASDAQ: PONY) American Depositary Receipt program listed on NASDAQ. Pony AI, headquartered in Guangzhou, China, is focused on commercializing autonomous driving technology globally. The Level III ADR program has a 1:1 ratio (1 ADS to 1 Class A ordinary share) and began trading on November 29, 2024. The company aims to provide safe, sustainable, and accessible mobility solutions worldwide.

Positive

• Secured Level III ADR listing on NASDAQ, providing access to US capital markets
• Partnership with Deutsche Bank, a major global financial institution

Negative

• None.

Insights

Financial Analyst

Deutsche Bank's appointment as depositary bank for Pony AI's ADR program marks a significant milestone in the company's capital markets journey. This Level III ADR listing on NASDAQ enables broader access to U.S. investors and enhanced liquidity for the autonomous driving technology company. The 1:1 ratio between ADSs and Class A ordinary shares provides straightforward ownership structure for investors.

The selection of Deutsche Bank, with its strong presence in both Asian and Western markets, strategically positions Pony AI to bridge the gap between Chinese operations and international capital markets. This institutional backing adds credibility to Pony AI's public listing and provides robust infrastructure for cross-border trading.

NEW YORK--(BUSINESS WIRE)-- Deutsche Bank announced today its appointment as depositary bank for the NASDAQ-listed American Depositary Receipt program of Pony AI Inc.

Pony AI Inc. (NASDAQ: PONY) is a global leader in achieving large-scale commercialization of autonomous mobility. It aims to mass commercialize its autonomous driving technology to deliver safe, sustainable, and accessible mobility to people and business around the world. Its principal executive office is located in Guangzhou, China.*

In addition to specializing in administering cross-border equity structures such as New York Shares and American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. Deutsche Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.

* This information was provided by Pony AI Inc. (November 2024).

Depositary Receipt Information
Country			Cayman Islands holding company with operations mainly conducted by subsidiaries in mainland China
Custodian Bank			Deutsche Bank AG, Hong Kong Branch
Effective Date			November 29 2024
Level III ADR
CUSIP			732908 108
ISIN			US7329081084
Symbol			PONY
Exchange			NASDAQ
Current Ratio			1 ADS: 1 Class A ordinary share
Eligibility			DTC

Depositary Receipt Contacts
New Business Development
William Ng
Tel: +852 2203 7889
www.adr.db.com			Markets Distribution
adr@db.com			London
			Tel: +44 (0) 20 7547 6500
gtb.db.com			New York
			Tel: +1 212 250 9100

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© November 2024 Deutsche Bank AG. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241202012674/en/

Deutsche Bank AG

Press & Media Relations



Dylan Riddle



Tel. +12122504982

Cell. +1(904)3866481

Email dylan.riddle@db.com

Source: Deutsche Bank

FAQ

What is the ADR ratio for Pony AI's (PONY) Deutsche Bank-sponsored program?

The ADR ratio is 1:1, meaning 1 ADS represents 1 Class A ordinary share of Pony AI Inc.

When did Pony AI's (PONY) ADR program with Deutsche Bank begin trading?

Pony AI's ADR program began trading on November 29, 2024.

What type of ADR program does Pony AI (PONY) have with Deutsche Bank?

Pony AI has a Level III ADR program, which is listed on NASDAQ.

Where is Pony AI's (PONY) principal executive office located?

Pony AI's principal executive office is located in Guangzhou, China.