0001213900-23-098160.txt : 20240426 0001213900-23-098160.hdr.sgml : 20240426 20231222153944 ACCESSION NUMBER: 0001213900-23-098160 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20231222 FILER: 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 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: CORRESP 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 CORRESP 1 filename1.htm

Pheton Holdings Ltd

December 22, 2023

Via EDGAR

Division of Corporation Finance

U.S. Securities and Exchange Commission

Office of Industrial Applications & Services

100 F Street, NE 

Washington, D.C. 20549

Re:	Pheton Holdings Ltd
	Amendment No. 2 to Registration Statement on Form F-1
	Filed December 8, 2023
	File No. 333-274944

Ladies and Gentlemen:

This letter is in response to the letter dated December 19, 2023, from the staff (the “Staff”) of the U.S. Securities and Exchange Commission (the “Commission”) addressed to Pheton Holdings Ltd (the “Company,” “we,” and “our”) regarding the above-mentioned Registration Statement on Form F-1 filed on December 8, 2023. For ease of reference, we have recited the Commission’s comments in this response and numbered them accordingly. An Amendment No. 3 to Registration Statement on Form F-1 (“Amendment No. 3”) is being filed to accompany this letter. Capitalized terms used but not defined in this letter have the meanings ascribed to such terms in Amendment No. 3.

Amendment No. 2 to the Registration Statement on Form F-1

General

1. We note your response to prior comment 2 and reissue it in part. We note that your revised disclosure in the latest amendment still does not address language referencing "common law based" legal systems rather than "more developed" legal systems. Please fully restore your disclosure in this area to the disclosure as it existed in the registration statement as of July 7, 2023.

Response: In response to the Staff’s comment, we have restored the relevant disclosures on pages 17 of Amendment No. 3.

We appreciate the assistance the Staff has provided with its comments. If you have any questions, please do not hesitate to contact our counsel, Ying Li, Esq., of Hunter Taubman Fischer& Li LLC, at yli@htflawyers.com.

Very truly yours,

	/s/ Jianfei Zhang
	Name:	Jianfei Zhang
	Title:	Chief Executive Officer and Chairman of the Board of Directors

cc:	Nudrat Salik, Terence O’Brien, Jessica Ansart and Lauren Nguyen, Securities and Exchange Commission
	Ying Li, Esq., Hunter Taubman Fischer & Li LLC

GRAPHIC 2 image_001.jpg GRAPHIC begin 644 image_001.jpg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end