Company: YIBO
Filing Date: 2025-06-03
Form Type: F-3
Source: 0001213900-25-050771
Chunk: 24

Company: Planet Image International Ltd
Filing Date: 2025-06-03
Form: F-3
Chunk 24
---
 under
current PRC laws and regulations for the offering of securities to foreign investors.

The legal and operational risks associated with
operating in Mainland China also apply to our operations in Hong Kong, including that the PRC government has significant authority to
intervene or influence our Hong Kong subsidiaries at any time, which could result in a material adverse change to our business, prospects,
financial condition, and results of operations, and the value of our securities. Hong Kong was established as a special administrative
region of the PRC in accordance with Article 31 of the Constitution of the PRC. Pursuant to the Basic Law, which was adopted and promulgated
on April 4, 1990 and became effective on July 1, 1997, when the PRC resumed the exercise of sovereignty over Hong Kong, Hong Kong is authorized
by the National People’s Congress of the PRC to exercise a high degree of autonomy and enjoy executive, legislative, and independent
judicial power, under the principle of “one country, two systems,” and the PRC laws and regulations shall not be applied in
Hong Kong except for those listed in Annex III of the Basic Law (which is confined to laws relating to national defense, foreign affairs,
and other matters that are not within the scope of autonomy). Further, according to Article 5 of the Basic Law, the capitalist system
and the way of life in Hong Kong shall remain unchanged for 50 years since the handover on July 1, 1997. However, there is no assurance
that there will not be any changes in the economic, political, and legal environment in Hong Kong in the future. If there is a significant
change to current political arrangements between Mainland China and Hong Kong, or the applicable laws, regulations, or interpretations
change, our Hong Kong subsidiaries may become subject to PRC laws or authorities. See “Item 3. Key Information—D. Risk Factors—Risks Relating to Doing Business in the PRC—We may be subject to uncertainty about any changes in the economic, political and legal environment in Hong Kong, and it is possible that most of the legal and operational risks associated with operating in Mainland PRC may also apply to operations in Hong Kong in the future” and “Item 3. Key Information—D. Risk Factors—Risks Relating to Doing Business in the PRC—Our operations in Hong Kong are governed by the laws and regulations in Hong Kong. If there is significant change