Planet Image International (YIBO) guarantees RMB30M Bank of Communications loans

Rhea-AI Filing Summary

Planet Image International Limited reported that it has executed a letter of guarantee in favor of Bank of Communications. This guarantee supports proposed loan agreements for an aggregate amount of RMB30 million to be entered into by its indirect wholly owned subsidiary, Jiangxi Yibo E-Tech Co., Ltd.

The company is providing a joint liability guarantee for Jiangxi Yibo’s obligations under each loan and any related bank acceptances. The guarantee is effective from April 21, 2026 through June 20, 2027, or until Jiangxi Yibo has fully repaid all principal and interest. The board of directors approved the execution of this guarantee.

Insights

Corporate credit and capital structure analyst

Planet Image is backing a RMB30M subsidiary loan with a joint guarantee.

The filing shows Planet Image International guaranteeing up to RMB30 million of loans and bank acceptances for its indirect subsidiary Jiangxi Yibo E-Tech. A joint liability guarantee means the lender can seek repayment directly from the parent if the borrower does not pay.

The guarantee runs from April 21, 2026 to June 20, 2027, or until all principal and interest are fully repaid. This enhances Jiangxi Yibo’s access to bank funding but also links the parent more closely to the subsidiary’s credit risk during this period.

Investors can use this information to understand that some bank lending to the operating subsidiary is effectively supported by the listed parent’s balance sheet, as approved by the board of directors.

Key Figures

Guaranteed loan amount: RMB30 million Guarantee effective start: April 21, 2026 Guarantee effective end: June 20, 2027

3 metrics

Guaranteed loan amount RMB30 million Aggregate amount of proposed loans and bank acceptances for Jiangxi Yibo

Guarantee effective start April 21, 2026 Start date of letter of guarantee effectiveness

Guarantee effective end June 20, 2027 End date unless loans are fully repaid earlier

Key Terms

joint liability guarantee, Letter of Guarantee, bank acceptance, foreign private issuer

4 terms

joint liability guarantee financial

"providing a joint liability guarantee for the obligations of Jiangxi Yibo"

Letter of Guarantee financial

"The execution of the Letter of Guarantee was approved by the board"

bank acceptance financial

"under each loan and bank acceptance from the Bank"

foreign private issuer regulatory

"FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

Form 6-K: How Foreign Companies Report to the SEC →

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 April 2026

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 a Letter of Guarantee

In connection with the proposed entry into loan agreements with Bank of Communications (the “Bank”) 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 RMB30 million on April 21, 2026, the Company executed a letter of guarantee in favor of the Bank, providing a joint liability guarantee for the obligations of Jiangxi Yibo under each loan and bank acceptance from the Bank, effective from April 21, 2026 through June 20, 2027, until such time as Jiangxi Yibo pays off 100% of the principal and interest under each loan (the “Letter of Guarantee”). The execution of the Letter of Guarantee was approved by the board of directors of the Company.

The foregoing description of the Letter of Guarantee is qualified in its entirety by reference to the full text of the Letter of Guarantee, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 6-K and incorporated herein by reference.

Exhibit Index

Exhibit Number		Exhibit
10.1		English Translation of the Letter of Guarantee issued by Planet Image International Limited in favor of Bank of Communications, dated April 21, 2026

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: April 30, 2026	By:	/s/ Shaofang Weng
	Name:	Shaofang Weng
	Title:	Chief Executive Officer

2

FAQ

What did Planet Image International (YIBO) disclose in its April 2026 Form 6-K?

Planet Image International disclosed that it executed a letter of guarantee in favor of Bank of Communications, backing proposed RMB30 million loans and bank acceptances to its indirect wholly owned subsidiary, Jiangxi Yibo E-Tech, with board approval and defined effectiveness dates.

How large is the loan facility guaranteed by Planet Image International (YIBO)?

The guarantee supports proposed loan agreements and bank acceptances totaling an aggregate amount of RMB30 million. This amount reflects the credit exposure the parent is backing on behalf of its indirect wholly owned subsidiary, Jiangxi Yibo E-Tech, with Bank of Communications as the lender.

What type of guarantee did Planet Image International (YIBO) provide for Jiangxi Yibo?

Planet Image International provided a joint liability guarantee for Jiangxi Yibo E-Tech’s obligations under each loan and related bank acceptance. This allows Bank of Communications to seek repayment directly from the parent if the subsidiary fails to meet principal and interest obligations under the covered facilities.

How long is Planet Image International’s (YIBO) letter of guarantee effective?

The letter of guarantee is effective from April 21, 2026 through June 20, 2027, or until Jiangxi Yibo E-Tech has repaid 100% of principal and interest under each guaranteed loan. The obligation can therefore end earlier if all covered borrowings are fully settled.

Which subsidiary of Planet Image International (YIBO) is covered by the guarantee?

The guarantee covers obligations of Jiangxi Yibo E-Tech Co., Ltd., an indirect wholly owned subsidiary of Planet Image International. The guarantee supports this subsidiary’s proposed loan agreements and bank acceptances with Bank of Communications, aligning the parent more closely with its financing arrangements.

Did Planet Image International’s (YIBO) board approve the letter of guarantee?

Yes. The filing states that execution of the letter of guarantee in favor of Bank of Communications was approved by Planet Image International’s board of directors. This indicates the guarantee was considered and authorized at the corporate governance level before being issued.

Filing Exhibits & Attachments

1 document

Agreements & Contracts

• EX-10.1 ENGLISH TRANSLATION OF THE LETTER OF GUARANTEE ISSUED BY PLANET IMAGE INTERNATIO 2.8 KB