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JunHe Advises Planet Image on its NASDAQ Listing


On January 25, 2024, Planet Image International Limited (“Planet Image” or the “Company”) was successfully listed on the NASDAQ, with the ticker symbol “YIBO”.

Planet Image was founded in 2011 and is a leading manufacturer and seller of toner cartridges. It has an integrated business model covering R&D, patented technologies, manufacturing, operations, local sales branches and online channels. Planet Image is the largest compatible toner cartridge manufacturer in the world. It develops and manufactures toner cartridges that are compatible with a wide range of commonly available models of laser printers from different manufacturers, and its products are sold in over 45 countries. In 2022, Planet Image’s global market share was approximately 11.3% and it ranked first in the U.S. and European markets.

JunHe acted as the PRC counsel to Planet Image. It participated in the design and adjustment of the red-chip restructuring, conducted comprehensive legal due diligence, and issued PRC legal opinions. JunHe’s team reviewed and amended the prospectus and the application and offering documents related to the IPO, replied to feedback from the SEC and prepared the full set of documents for filing with the CSRC. They assisted in the application for the filing of the overseas listing and replied to feedback from the CSRC.

JunHe maintained its professionalism, dedication, and efficiency and won high recognition and trust from the client.

This project was primarily undertaken by JunHe partners FENG, Ai and SHEN, Na, with support from partners YI, Yisong and TAO, Xudong for the internal control.

JunHe is the only Chinese law firm to be admitted as a member of Lex Mundi and Multilaw, two international networks of independent law firms. JunHe and selected top law firms in major European and Asian jurisdictions are “best friends.” Through these connections, we provide high quality legal services to clients doing business throughout the world.
As the first carbon neutrality fund sponsored by a law firm in China, the BAF Carbon Neutrality Special Fund was jointly established by JunHe and the Beijing Afforestation Foundation (BAF) to promote carbon neutral initiatives, and encourage social collaboration based on the public fundraising platform to mobilize engagement in public welfare campaigns.