Pheton Holdings Ltd. held its 2025 Annual General Meeting on December 19, 2025, in Shenzhen, China. Shareholders approved the reelection of Jianfei Zhang and Pengfei Zhang as directors, as well as Swee Leng Seng, Yun Fai Wong, and Richard Wee Yong Seow as independent directors. The auditor's report for the financial year ending December 31, 2024, was approved, ratified, and confirmed. Shareholders also approved a change of the company’s name from "Pheton Holdings Ltd" to "iTonic Holdings Ltd" and the change of the Nasdaq ticker to "ITOC," "ITON," or "ITOH." An amendment and restatement of the Memorandum and Articles of Association to reflect the name change was approved. The Board of Directors was authorized to effect one or more share consolidations within two years, with an accumulative consolidation ratio of up to 1:4,000, and an amended and restated memorandum and articles of association to effect such share consolidation was also approved, conditional upon the effectiveness of each share consolidation.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pheton Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-124155), on December 22, 2025, and is solely responsible for the information contained therein.
Comments