Pheton Holdings LTD

F-120-F13G

Schedule 13G - Passive Investments

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An amended Schedule 13G filing reveals that Banyan (BVI) LTD, along with its parent Juesheng (Beijing) Enterprise Management Consulting Co., Ltd and controlling shareholder Jiaqi Hao, have divested their entire beneficial ownership in Pheton Holdings Ltd's Class A Ordinary Shares.
Worse than expected
Mighty (BVI) LTD, Jinxu (Hainan) Investment Partnership, and Qi Cai have reported a complete divestment of their Class A Ordinary Shares in Pheton Holdings Ltd, reducing their beneficial ownership to 0%.
Worse than expected
Theia Investment Holding (BVI) LTD and Xiaobing Dai have filed an amended Schedule 13G, reporting zero beneficial ownership of Pheton Holdings Ltd's Class A Ordinary Shares.
An amended Schedule 13G filing reveals that Acceleration (BVI) LTD, Qiji (Shenzhen) Consulting Management Enterprise (Limited Partnership), and Dong Meng have divested their entire beneficial ownership in Pheton Holdings Ltd's Class A Ordinary Shares.
Worse than expected
DYL (BVI) LTD and Yulian Dai have filed an amendment to their Schedule 13G, reporting 0% beneficial ownership of Pheton Holdings Ltd's Class A Ordinary Shares.
Tan Cheng Hoe has filed an amended Schedule 13G, reporting a complete divestment of beneficial ownership in Pheton Holdings Ltd's Class A Ordinary Shares.