Company: YIBO
Filing Date: 2025-06-03
Form Type: F-3
Source: 0001213900-25-050771
Chunk: 27

Company: Planet Image International Ltd
Filing Date: 2025-06-03
Form: F-3
Chunk 27
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 payments from our Mainland PRC subsidiaries to fund any additional cash and financing requirements we may have. Under existing
PRC foreign exchange regulations, payments of current account items, including profit distributions, interest payments, and trade and
service-related foreign exchange transactions, can be made in foreign currencies without prior approval of State Administration of Foreign
Exchange, or SAFE, by complying with certain procedural requirements. However, approval from or registration with appropriate government
authorities is required where Renminbi is to be converted into foreign currency and remitted out of Mainland China to pay capital expenses,
such as the repayment of loans denominated in foreign currencies. As a result, we need to obtain SAFE approval to use cash generated from
the operations of our Mainland PRC subsidiaries to pay off their respective debt in a currency other than Renminbi owed to entities outside
China, or to make other capital expenditure payments outside Mainland China in a currency other than Renminbi. If the foreign exchange
control system prevents us from obtaining sufficient foreign currencies to satisfy our foreign currency demands, we may not be able to
pay dividends in foreign currencies to our shareholders, including holders of our Class A Ordinary Shares. See “Item 3. Key Information—D. Risk Factors—Risk Relating to Doing Business in the PRC—Restrictions on the remittance of Renminbi into and out of Mainland China and government control of currency conversion may limit our ability to pay dividends and other obligations, and affect the value of your investment” in the 2024 Annual Report.

From the Cayman Islands holding company to U.S. investors

Planet Image International Limited, the Cayman
Islands holding company, will be able to pay dividends and make other distributions to its shareholders, including U.S. investors, provided
that it (i) has either sufficient profits or retained profits, when the dividend is to be declared and paid from profits, or sufficient
share premium and satisfies the solvency test as defined under the Companies Act, when the dividend is to be paid from share premium,
and (ii) complies with the provisions in the Cayman Islands holding company’s memorandum and articles of association then in effect.

<div align='center'>9</div>

The Cayman Islands holding company has not declared
or paid dividends or made distributions to its subsidiaries or to investors in the past, nor any dividends or distributions were made
by a subsidiary to the Cayman Islands holding company. Our board of directors has complete discretion on whether to distribute dividends