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    SEC Form 6-K filed by Planet Image International Limited

    3/12/25 4:05:07 PM ET
    $YIBO
    Industrial Machinery/Components
    Industrials
    Get the next $YIBO alert in real time by email
    6-K 1 ea0234120-6k_planet.htm REPORT OF FOREIGN PRIVATE ISSUER

     

     

    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

     

    Exhibit
    Number
      Exhibit
    1.1   English Translation of Letter of Guarantee by Planet Image International Limited to Industrial and Commercial Bank of China, dated February 24, 2025
    1.2   English Translation of Letter of Guarantee by Planet Image International Limited to Bank of China, dated March 11, 2025

     

    1

     

     

    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

     

     

    2

     

     

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