Pheton Holdings Ltd. 2025 Annual General Meeting Summary

Pheton Holdings Ltd. held its 2025 Annual General Meeting on December 19, 2025. Key resolutions adopted by shareholders include the re-election of directors Jianfei Zhang and Pengfei Zhang, and independent directors Swee Leng Seng, Yun Fai Wong, and Richard Wee Yong Seow. The auditor's report for the financial year ending December 31, 2024, was approved and ratified. A significant resolution was the special approval for the company's name change from "Pheton Holdings Ltd" to "iTonic Holdings Ltd," along with a proposed change in its Nasdaq ticker symbol. Amendments to the Memorandum and Articles of Association were approved to reflect the name change. Additionally, shareholders authorized the Board of Directors to implement share consolidations, with an aggregate ratio not exceeding 1:4,000 over a two-year period, and approved an amended and restated memorandum and articles of association to facilitate these consolidations.