Company: PTHL
Filing Date: 2025-04-22
Form Type: S-8
Source: 0001213900-25-034199
Chunk: 7

Company: Pheton Holdings Ltd
Filing Date: 2025-04-22
Form: S-8
Chunk 7
---
 registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue. |

<div align='center'>II-4

Signatures</div>

Pursuant to the requirements of the Securities
Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form
S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City
of Beijing, the People’s Republic of China, on April 22, 2025.

| Pheton Holdings Ltd |                                    |
| By:                 | /s/ Jianfei Zhang                  |
| Name:               | Jianfei Zhang                      |
| Title:              | Chief Executive Officer and        
 Chairman of the Board of Directors |

<div align='center'>Power of Attorney</div>

Each person whose signature appears below hereby
constitutes and appoints Jianfei Zhang and Zhixin Li, and each of them, individually, his true and lawful attorneys-in-fact and agents,
with full power of substitution and re-substitution, in his name, place and stead, in any and all capacities (including his capacity as
a director and/or officer of the registrant), to sign any and all amendments and post-effective amendments and supplements to this registration
statement, and including any registration statement for the same offering that is to be effective upon filing pursuant to Rule 462(b)
under the U.S. Securities Act of 1933, as amended, and to file the same, with all exhibits thereto and other documents in connection therewith,
with the U.S. Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority
to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and
purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or