Pheton Holdings Ltd is a holding company incorporated in the Cayman Islands on November 2, 2022. In 2022, we underwent a series of corporate reorganizations in anticipation of our initial public offering, including incorporation of our company as the listing vehicle, incorporation of our overseas holding companies, and issuance of shares to shareholders of the PRC operating entity, Beijing Feitian Zhaoye Technology Co., Ltd., or Beijing Feitian. As a holding company with no material operations of our own, we conduct our operations through Beijing Feitian, the operating entity in China.
