Pony AI Inc. (PONY-W, 02026) has deepened its long-standing collaboration with Sinotrans Group by entering three new Continuing Connected Transactions (CCT) framework agreements and sharply lifting the annual spending limits of an existing transportation-services deal, according to an exchange filing dated 25 August 2026.

The new CCTs, all effective from 25 August 2026 to 30 June 2029, cover: 1) Freight Forwarding Services provided by Sinotrans South China Supply Chain to Guangzhou (HX) Pony, with caps of USD 2.00 million (Aug–Dec 2026), USD 3.50 million (2027), USD 4.80 million (2028) and USD 4.25 million (1H 2029). 2) International Logistics and Delivery Services rendered by Maxx Logistics to Beijing (YX) Pony, capped at USD 2.60 million, USD 4.40 million, USD 5.90 million and USD 5.10 million for the same respective periods. 3) International Logistics Management Services delivered by Sinotrans Qingdao to Qingdao Cyantron, limited to USD 1.00 million, USD 1.90 million, USD 2.50 million and USD 1.60 million respectively.

All three agreements stipulate arm’s-length pricing based on service scope, distance, cargo specifications and prevailing market rates. The company cited Sinotrans’ global network, cost efficiencies and familiarity with its autonomous vehicle logistics requirements as key reasons for the expanded cooperation.

Separately, Pony AI revised the annual caps of its March 2025 Transportation Services Framework Agreement with Sinotrans after over half of the 2026 limit was consumed in the first six months. The revised ceilings now stand at USD 58 million for 2026 (up from USD 39 million), USD 93 million for 2027 (previously USD 47 million) and USD 30 million for the period 1 January–15 March 2028 (previously USD 14 million). Historic revenue from these services reached USD 19.80 million in 1H 2026, following USD 29.60 million for 2025.

Each transaction exceeds the 5% or 1% revenue thresholds under Hong Kong Listing Rule 14A, classifying them as connected transactions at the subsidiary level. However, with unanimous board—including all independent non-executive directors—approval and confirmation of fair, arm’s-length terms, the deals are subject only to reporting and annual review; shareholder approval and independent financial advice are not required.

Management expects the expanded partnerships to enhance supply-chain reliability and support the global scale-up of Pony AI’s robotaxi and robotruck operations, which currently involve negotiations for more than 4,000 vehicles across multiple international markets. Robust internal controls, including annual pricing reviews and independent audits, have been instituted to ensure adherence to Listing Rules and safeguard shareholder interests.