Company: YIBO
Filing Date: 2025-06-03
Form Type: F-3
Source: 0001213900-25-050771
Chunk: 23

Company: Planet Image International Ltd
Filing Date: 2025-06-03
Form: F-3
Chunk 23
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-compliance, issue
a warning, and impose a fine of not less than RMB1 million and not more than RMB10 million. These risks could 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 24, 2023, the CSRC, the Ministry of
Finance of the PRC, the National Administration of State Secrets Protection, and the National Archives Administration of China jointly
issued the Confidentiality Provisions, which came into effect on March 31, 2023 with the Administrative Measures. The Confidentiality
Provisions require that, among other things, (a) a domestic company that plans to, either directly or through its overseas listed entity,
publicly disclose or provide to relevant individuals or entities including securities companies, securities service providers, and overseas
regulators, any documents and materials that contain state secrets or working secrets of government agencies, shall first obtain approval
from competent authorities according to law, and file with the secrecy administrative department at the same level; and (b) a domestic
company that plans to, either directly or through its overseas listed entity, publicly disclose or provide to relevant individuals and
entities including securities companies, securities service providers and overseas regulators, any other documents and materials that,
if leaked, will be detrimental to national security or public interest, shall strictly fulfill relevant procedures stipulated by applicable
national regulations. Any failure or perceived failure by the company or its PRC subsidiary to comply with the above confidentiality and
archives administration requirements under the Confidentiality Provisions, and other PRC laws and regulations may result in the relevant
entities being held legally liable by competent authorities and referred to the judicial organ to be investigated for criminal liability
if suspected of committing a crime.

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For details on the above-mentioned matters, see
“Item 3. Key Information—D. Risk Factors—Risks Relating to Doing Business in the PRC—The Chinese government exerts substantial influence over the manner in which the PRC subsidiaries must conduct their business activities and may intervene or influence their operations at any time, which could result in a material change in their operations and the value of our Class A ordinary shares” in the 2024 Annual Report. Other than the filing requirement under the Administrative Measures, we, our Mainland PRC
subsidiaries, and our Hong Kong subsidiaries are not required to obtain any permission or approval from the Chinese authorities