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

Company: Planet Image International Ltd
Filing Date: 2025-06-03
Form: F-3
Chunk 25
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 to current political arrangements between Mainland China and Hong Kong, the PRC government may intervene or influence our Hong Kong operations, which could result in a material change in our operations in Hong Kong” in the 2024 Annual Report.

In addition, trading in our securities may be
prohibited under the HFCAA if the PCAOB determines that it cannot inspect the workpapers prepared by our auditor for two consecutive years,
and that as a result an exchange may determine to delist our securities. On December 16, 2021, the PCAOB issued a report on its determination
that it is unable to inspect or investigate completely PCAOB-registered public accounting firms headquartered in Mainland China and in
Hong Kong because of positions taken by Mainland PRC and Hong Kong authorities in those jurisdictions. On December 15, 2022, the PCAOB
Board determined that the PCAOB was able to secure complete access to inspect and investigate registered public accounting firms headquartered
in Mainland China and Hong Kong and voted to vacate its previous determinations to the contrary. However, should PRC authorities obstruct
or otherwise fail to facilitate the PCAOB’s access in the future, the PCAOB Board will consider the need to issue a new determination.
Our securities may be delisted or prohibited from trading if the PCAOB determines that it cannot inspect or investigate completely our
auditor under the HFCAA.

Our auditor, HTL International, LLC, is headquartered
in Houston, Texas, and is subject to inspection by the PCAOB. It has not been inspected since it was registered with the PCAOB in 2023.
Additionally, our auditor is not subject to the determination announced by the PCAOB on December 16, 2021. See “Item 3. Key Information—D. Risk Factors—Risks Relating to Our Business and Industry—Our Class A ordinary shares may be delisted and prohibited from being traded under the HFCAA if the PCAOB is unable to inspect our auditors. The delisting and the cessation of trading of our Class A ordinary shares, or the treat of their being delisted and prohibited from being traded, may materially and adversely affect the value of your investment”
in the 2024 Annual Report.

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Cash Transfers and Dividend Distributions

Cash Transfers to Date

We conduct our business operations in Mainland
China through our Mainland PRC subsidiaries. If needed, the Cayman Islands holding company can transfer cash to its Mainland