Company: YIBO
Filing Date: 2025-06-03
Form Type: F-3
Source: 0001213900-25-050771
Chunk: 22

Company: Planet Image International Ltd
Filing Date: 2025-06-03
Form: F-3
Chunk 22
---
land PRC authorities and Hong Kong local authorities.
If we do not receive or maintain the approvals, or we inadvertently conclude that such approvals are not required, or applicable laws,
regulations, or interpretations change such that we are required to obtain approval in the future, we may be subject to an investigation
by competent regulators, fines, or penalties, ordered to suspend our relevant business and rectify, or prohibited from engaging in relevant
business, and these risks could result in a material adverse change in our operations, significantly limit or completely hinder our ability
to offer or continue to offer securities to investors, or cause such securities to significantly decline in value or become worthless.

On February 17, 2023, the CSRC released
Administration Measures, which came into force on March 31, 2023, five supporting guidelines, as well as the Notice. According to
the Administration Measures and the Notice, overseas offering and listing refers to overseas offerings by domestic companies of
equity shares, depository receipts, convertible corporate bonds, or other equity-like securities, and overseas listing of the
securities for trading. Overseas offering and listing, which is specifically divided into direct overseas offerings and listing and
indirect overseas offerings and listing, shall be filed in accordance with the Administration Measures. According to the Notice,
domestic companies that have submitted valid applications for overseas issuance and listing but have not been approved by overseas
regulatory authorities or overseas stock exchanges at the date of effectiveness of the Administration Measures can reasonably
arrange the timing of filing applications and should complete the filing before the overseas issuance and listing. On September 25,
2023, we received CSRC’s approval of our initial public offering under the Administration Measures. Since January 25, 2024,
our Class A Ordinary Shares have been listed on Nasdaq. Our PRC counsel, JunHe LLP, has confirmed that the filing of the
registration statement on Form F-3 of which this prospectus forms a part with the SEC is not subject to the CSRC’s
registration requirements, but a post-offering filing with the CSRC must be made within three business days after the completion of
the offering. In the future, in the event that we conduct any subsequent offerings, we could be subject to filing requirements with
the CSRC. In such event, if our filing procedures are not completed according to the Administration Measures or if our filing
materials contain false records, misleading statements, or material omissions, the CSRC may order rectify such non