Company: YIBO
Filing Date: 2025-06-03
Form Type: F-3
Source: 0001213900-25-050771
Chunk: 4

Company: Planet Image International Ltd
Filing Date: 2025-06-03
Form: F-3
Chunk 4
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 one Class A
Ordinary Share. Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstances.

Mr. Weidong Gu, our founder and chairman of the
board of directors beneficially owns 22.22% of our total issued and outstanding Class A Ordinary Shares and 100% of our total issued and
outstanding Class B Ordinary Shares, representing 92.63% of our total voting power. As a result, we are a “controlled company”
as defined under the Nasdaq Stock Market Rules. As a “controlled company,” we are permitted to elect not to comply with certain
corporate governance requirements.

We are an “emerging growth company”
as defined under applicable U.S. securities laws and are eligible for reduced public company reporting requirements. See “Item 3. Key Information—D. Risk Factors—Risks Relating to Our Class A Ordinary Shares and the Trading Market—For as long as we are an emerging growth company, we will not be required to comply with certain reporting requirements, including those relating to accounting standards and disclosure about our executive compensation, that apply to other public companies” in the 2024 Annual
Report.

We are not a Chinese operating company but a Cayman
Islands holding company with operations conducted by our subsidiaries, including subsidiaries based in China. Investors in our Class A
Ordinary Shares are purchasing securities of Cayman Islands holding company and may never hold securities in the Chinese operating companies.
This structure involves unique risks to investors. Additionally, Chinese regulatory authorities could disallow our operating structure,
which would likely result in a material change in our operations and/or a material change in the value of our Class A Ordinary Shares
and could cause the value of our Class A Ordinary Shares to significantly decline or become worthless. 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.

As used in this prospectus, (i) “we,”
“us,” “the Company,” “our Company,” or “our” refers to Planet Image International Limited,
and, when describing Planet Image International Limited’s consolidated financial information, also includes its subsidiaries; (ii)
“our subsidiaries” refers to the