Company: YIBO
Filing Date: 2025-06-03
Form Type: F-3
Source: 0001213900-25-050771
Chunk: 26

Company: Planet Image International Ltd
Filing Date: 2025-06-03
Form: F-3
Chunk 26
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 PRC subsidiaries
through loans and/or capital contributions, and our Mainland PRC subsidiaries can transfer cash to the Cayman Islands holding company
through loans and/or issuing dividends or other distributions. Cash flows have occurred between the Cayman Islands holding company and
our subsidiaries. See “Item 3. Key Information—Cash Transfer and Dividend Distributions” in the 2024 Annual Report.

Restrictions and Limitations on Cash Transfers and Dividend and Other Distributions

From our Mainland PRC subsidiaries to their parent companies

Current PRC regulations permit our Mainland PRC
subsidiaries to pay dividends to their respective shareholders only out of their accumulated profits, if any, determined in accordance
with Mainland PRC accounting standards and regulations. A Mainland PRC subsidiary of ours is required to set aside 10% of its after-tax
profits to fund a statutory reserve until such reserve reaches 50% of its registered capital if it distributes its after-tax profits for
the current financial year. For details, see “Item 3. Key Information—D. Risk Factors—Risk Relating to Doing Business in the PRC—We may rely on dividends and other distributions on equity paid by our Mainland PRC subsidiaries to fund any cash and financing requirements we may have, and any limitation on the ability of our Mainland PRC subsidiaries to make payments to us and any tax we are required to pay could have a material and adverse effect on our ability to conduct our business” in the 2024 Annual
Report. In addition, cash transfers from the Cayman Islands holding company are subject to applicable Mainland PRC laws and regulations
on loans and direct investment. For details, see “Item 3. Key Information—D. Risk Factors—Risk Relating to Doing Business in the PRC—PRC regulations of loans and direct investment by offshore holding companies to Mainland PRC entities may delay or prevent us from using the proceeds of our offshore financing to make loans or additional capital contributions to our Mainland PRC subsidiaries, which could materially and adversely affect our liquidity and our ability to fund and expand our business” in
the 2024 Annual Report.

In addition, the PRC government imposes controls
on the convertibility of the Renminbi into foreign currencies and, in certain cases, the remittance of currency out of Mainland China.
Although we receive a significant portion of our revenue in U.S. dollars, under our current corporate structure, we may still rely on
dividend