Company: YIBO
Filing Date: 2025-06-03
Form Type: F-3
Source: 0001213900-25-050771
Chunk: 19

Company: Planet Image International Ltd
Filing Date: 2025-06-03
Form: F-3
Chunk 19
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 page 31 of the 2024 Annual Report); |

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| ● | our operations in Hong Kong are governed by the laws and regulations in Hong Kong. If there is significant change 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 (see the risk factor beginning on page 31 of the 2024 Annual Report); and |

| ● | to the extent cash in the business is in the PRC, the funds may not be available to fund operations or for other use outside of the PRC due to interventions in or the imposition of restrictions and limitations on the ability of our Company or our subsidiaries by the PRC government to transfer cash (see the risk factor beginning on page 32 of the 2024 Annual Report). |

Risks Relating to the Business and Industry of the Operating Subsidiaries (for a more detailed discussion, see “Item 3. Key Information—D. Risk Factors—Risks Relating to the Business and Industry of the Operating Entities” in the 2024 Annual Report) Risks and uncertainties related to our business include, but are not limited to, the following:

| ● | if the products of the operating subsidiaries fail to meet the demands of their customers or to reflect the latest developments in the printer industry, the operating subsidiaries may be unable to retain existing customers or attract new customers, and our business, financial condition and results of operations may be materially and adversely affected (see the risk factor beginning on page 9 of the 2024 Annual Report);                                                                                       |
| ● | the operating subsidiaries may be exposed to risks of obsolete inventories because technological upgrades by the original-brand printer manufacturers render their toner cartridge products obsolete or due to their failure to manage inventories efficiently. If this occurs, the operating subsidiaries may incur losses for their research and development expenses, production costs and marketing expenses relating to such obsolete inventories (see the risk factor beginning on page 10 of the 2024 Annual Report); |

| ● | the operating subsidiaries may not be able to maintain or increase the selling prices of their products (see the risk factor beginning on page 11 of the 2024 Annual Report);                                                                    |
| ● | raw material purchase prices are subject to fluctuation and the operating subsidiaries could face shortage in supply of their raw materials (see page 11 of the 2024 Annual Report);                                                             |