<SEC-DOCUMENT>0001641172-25-015152.txt : 20250616
<SEC-HEADER>0001641172-25-015152.hdr.sgml : 20250616
<ACCEPTANCE-DATETIME>20250616060728
ACCESSION NUMBER:		0001641172-25-015152
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250616
DATE AS OF CHANGE:		20250616

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Pheton Holdings Ltd
		CENTRAL INDEX KEY:			0001970544
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		EIN:				000000000

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-94989
		FILM NUMBER:		251048474

	BUSINESS ADDRESS:	
		STREET 1:		ROOM 306, NET BUILDING
		STREET 2:		HONGJUNYING SOUTH RD, CHAOYANG DISTRICT
		CITY:			BEIJING
		STATE:			F4
		ZIP:			100012
		BUSINESS PHONE:		010-84817665

	MAIL ADDRESS:	
		STREET 1:		ROOM 306, NET BUILDING
		STREET 2:		HONGJUNYING SOUTH RD, CHAOYANG DISTRICT
		CITY:			BEIJING
		STATE:			F4
		ZIP:			100012

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ho Thiam Way
		CENTRAL INDEX KEY:			0002073293
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		NO.1050, KAWASAN 5, 43300 SERI KEMBANGAN
		CITY:			SELANGOR
		PROVINCE COUNTRY:   	N8
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Ho Thiam Way -->
          <cik>0002073293</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>+Class A Ordinary Shares, $0.0001 par value per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>04/02/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001970544</issuerCik>
        <issuerName>Pheton Holdings Ltd</issuerName>
        <issuerCusip>G71399102</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>Room 306, NET Building</com:street1>
          <com:street2>Hong Jun Ying South Road, Chaoyang Distr</com:street2>
          <com:city>Beijing</com:city>
          <com:stateOrCountry>F4</com:stateOrCountry>
          <com:zipCode>100000</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>HO THIAM WAY</reportingPersonName>
      <citizenshipOrOrganization>N8</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>972000.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>972000.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>972000.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.70</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>(1) Represents 972,000 Class A Ordinary Shares held by HO THIAM WAY.
(2) The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the issuer's issued and outstanding Class A ordinary shares as of April 22, 2025, as provided by the issuer in the Form S-8 filed on April 22, 2025 by the issuer, 17,050,000 Class A ordinary shares and 7,668,000 Class B ordinary shares are issued and outstanding as of April 22, 2025.
The shares beneficially owned by the reporting person represents 5.70% of the total outstanding Class A Ordinary Shares. The shares beneficially owned by the reporting person represents 0.57% of the total outstanding voting power. The percentage of voting power is calculated by dividing the voting power beneficially owned by the reporting person by the voting power beneficially owned by all of the issuer's holders of Class A ordinary shares and Class B ordinary shares as a single class as of April 22, 2025. Each holder of the Class A ordinary share is entitled to one vote per share and each holder of the Class B ordinary share is entitled to 20 votes per share.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Pheton Holdings Ltd</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>Room 306, NET Building, Hong Jun Ying South Road, Chaoyang District, Beijing, China</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>HO THIAM WAY</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>No.1050, Kawasan 5, 43300 Seri Kembangan, Selangor Malaysia</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Malaysia</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>972,000 Class A Ordinary Shares</amountBeneficiallyOwned>
        <classPercent>5.70%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>972,000 Class A Ordinary Shares</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>972,000 Class A Ordinary Shares</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>HO THIAM WAY</reportingPersonName>
      <signatureDetails>
        <signature>/s/ HO THIAM WAY</signature>
        <title>HO THIAM WAY</title>
        <date>06/16/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
