Planet Image International Limited

Planet Image International Limited is a leading export-oriented manufacturer and seller of compatible toner cartridges. The company primarily develops and manufactures toner cartridges compatible with various laser printer models from different manufacturers. These products are offered on a white-label or third-party brand basis. In the domestic People's Republic of China (PRC) market, the company also sells self-branded products under two brands, Shiyin and Tiancai. The company's customers include wholesalers, dealers, and retail customers. It has an international presence, selling products to customers in over 54 countries, with North America and Europe accounting for the majority of its revenue. Sales channels include: (i) offline overseas customers who own their brands, on an Original Design Manufacturer (ODM) basis; (ii) offline overseas dealers who sell white-label products to end consumers; and (iii) domestic dealers in the PRC who sell white-label and self-branded products to end customers. Additionally, through ASL, the company sells remaining pre-Disposition toner cartridge and household product inventory directly to customers via one online retail store on the Walmart platform. This online store will cease operations once all remaining inventory is sold. ODM products and white-label products have no major difference in product capability, with the primary distinction being product packaging and pricing. The company maintains localized sales operations in overseas markets to manage customer relationships and provide support for self-branded and ODM products.