[6-K] Token Cat Ltd Current Report (Foreign Issuer)

Rhea-AI Filing Summary

Token Cat Limited (TC) announced leadership changes. Effective October 30, 2025, Wei Wen resigned as director, Chief Executive Officer, and Chairman, and Simon Li resigned as Chief Financial Officer. The company stated both departures were not due to disagreements on operations, policies, or practices.

Effective November 6, 2025, the Board appointed Guangsheng Liu, formerly Co‑Chief Executive Officer, as Chief Financial Officer and Chairman. Liu will continue to serve as Chief Executive Officer, combining CEO, CFO, and Chairman roles.

Insights

Corporate governance analyst

Leadership consolidated as CEO, CFO, and Chair roles move to one executive.

Token Cat reports two resignations effective October 30, 2025—its CEO/Chairman and its CFO—and states the departures were not due to disagreements. On November 6, 2025, the Board appointed Guangsheng Liu as CFO and Chairman, while he continues as CEO.

This concentrates decision-making across finance oversight and board leadership in a single individual. Such structures can streamline coordination, but they also reduce role separation that typically supports checks and balances.

The immediate appointment suggests continuity in management control. Actual operational impact will depend on how combined responsibilities are managed and future disclosures from the company.

 UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2025

Token Cat Limited

(Exact name of registrant as specified in its charter)

6F, Ruihai Building, No. 21 Yangfangdian Road

Haidian District, Beijing, 100038

The People’s Republic of China

(+86-10) 6399-8902

(Address and telephone number of registrant’s principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒       Form 40-F ☐

Change of Officers

Mr. Wei Wen, the director, Chief Executive Officer and Chairman (the “Chairman”) of the board of directors (the “Board”) of Token Cat Limited, a Cayman Islands exempted limited company (the “Company”), resigned from his position as director, Chief Executive Officer and Chairman of the Company, effective October 30, 2025. His resignation was not a result of any disagreements with the Company on any matter related to the operations, policies, or practices of the Company.

Mr. Simon Li, the Chief Financial Officer of the Company, resigned from his position as the Chief Financial Officer of the Company, effective October 30, 2025. His resignation was not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company.

Effective November 6, 2025, Mr. Guangsheng Liu, the Co-Chief Executive Officer was appointed as the Chief Financial Officer and Chairman by the remaining members of the Board to fill the vacancy resulting from the resignation of Mr. Wei Wen and Mr. Simon Li. Mr. Liu will continue to serve as the Chief Executive Officer.

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SIGNATURES

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.

Dated: November 6, 2025

	Token Cat Limited
	By:	/s/ Guangsheng Liu
	Name:	Guangsheng Liu
	Title:	Chief Executive Officer, Chief Financial Officer and Chairman

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