SEC Form 6-K filed by Planet Image International Limited
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2025
Commission File Number: 001-41928
Planet Image International Limited
No. 756 Guangfu Road
Hi-tech Development Zone
Xinyu City, Jiangxi Province
People’s Republic of China
+86 0790-7138216
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
Execution of Letters of Guarantee
In connection with the proposed entry into loan agreements with each of Industrial and Commercial Bank of China and Bank of China (collectively, the “Banks”) by Jiangxi Yibo E-Tech Co., Ltd. (“Jiangxi Yibo”), an indirect wholly-owned subsidiary of Planet Image International Limited, a Cayman Islands exempted company (the “Company”), for an aggregate amount of RMB250 million (or approximately US$34.87 million), the Company executed a letter of guarantee in favor of each Bank, providing a joint liability guarantee for the obligations of Jiangxi Yibo under each loan until such time as Jiangxi Yibo pays off 100% of the principal and interests under each loan (collectively, the “Letters of Guarantee”).
The foregoing description of the Letters of Guarantee is qualified in its entirety by reference to the full text of the Letters of Guarantee, copies of which are filed as Exhibit 1.1 and Exhibit 1.2 to this Current Report on Form 6-K and incorporated herein by reference.
Exhibit Index
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Planet Image International Limited | ||
| Date: March 12, 2025 | By: | /s/ Shaofang Weng |
| Name: | Shaofang Weng | |
| Title: | Chief Executive Officer | |
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