Company: PTHL
Filing Date: 2025-11-28
Form Type: 6-K
Source: 0001213900-25-115928
Chunk: 1

Company: Pheton Holdings Ltd
Filing Date: 2025-11-28
Form: 6-K
Chunk 1
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 of the disagreement; and (ii) there were no “reportable
events” of the type described in Item 16F(a)(1)(v) of Form 20-F.

During the audit of the Company’s financial statements as of
and for the year ended December 31, 2024, 2023 and 2022, Marcum identified certain material weaknesses in the Company’s internal
controls which were: (i) lack of sufficient in-house personnel in our accounting department with sufficient knowledge of the U.S.
GAAP and SEC reporting rules; (ii) lack of formal policies and procedures to establish risk assessment processes and an internal control
framework; and (iii) lack of information technology general control in the areas of: (a) risk and vulnerability assessment and management,
(b) third-party (service organization) vendor management, (c) system change management, (d) backup and recovery management, (e) access
to systems and data, (f) segregation of duties, privileged access, and monitoring, (g) password management and (h) cyber security management.
These material weaknesses are described in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2024,
which the Company filed on March 20, 2025, with the Securities and Exchange Commission. The Company is in the process of implementing
a number of measures to address these material weaknesses identified.

We furnished a copy of the disclosures in this report to Marcum and
requested that Marcum furnish us with a letter addressed to the SEC stating whether such firm agrees with the above statements or, if
not, stating the respects in which it does not agree. A copy of the letter has been furnished as an exhibit to this report as Exhibit
16.1.

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Exhibits.

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SIGNATURES</div>

Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

| Date: November 28, 2025 | Pheton Holdings Ltd 
 By:                 | /s/ Jianfei Zhang                                              |
|:------------------------|:--------------------|:---------------------------------------------------------------|
|                         | Name:               | Jianfei Zhang                                                  |
|                         | Title:              | Chief Executive Officer and Chairman of the Board of Directors |

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