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April 2, 2024
Hok Wai Alex Ko
Chief Executive Officer
PS International Group Ltd.
Unit 1002, 10/F
Join-in Hang Sing Centre
No.2-16 Kwai Fung Crescent, Kwai Chung
New Territories, Hong Kong
Re:PS International Group Ltd.
Amendment No. 1 to Draft Registration Statement on Form F-4
Submitted March 19, 2024
CIK No. 0001997201
Dear Hok Wai Alex Ko:
            We have reviewed your amended draft registration statement and have the following
comments.
            Please respond to this letter by providing the requested information and either submitting
an amended draft registration statement or publicly filing your registration statement on
EDGAR. If you do not believe a comment applies to your facts and circumstances or do not
believe an amendment is appropriate, please tell us why in your response.
            After reviewing the information you provide in response to this letter and your amended
draft registration statement or filed registration statement, we may have additional
comments. Unless we note otherwise, any references to prior comments are to comments in our
February 26, 2024 letter.
Amendment No. 1 to Draft Registration Statement on Form F-4
Cover Page
1.We note your revised disclosure in response to prior comment 4 and reissue it in part.
Please revise to disclose your intentions to distribute earnings or settle amounts. In
addition, please expand your disclosure to discuss whether there are any restrictions or
limitations under the laws of BVI or Hong Kong on the distribution of earnings. In that
regard, we note your risk factor disclosure on page 63.

 FirstName LastNameHok Wai Alex Ko
 Comapany NamePS International Group Ltd.
 April 2, 2024 Page 2
 FirstName LastName
Hok Wai Alex Ko
PS International Group Ltd.
April 2, 2024
Page 2
Summary of the Proxy Statement/Prospectus
Regulatory Matters, page 35
2.We note your revised disclosure in response to prior comment 13 states that PSI's legal
advisor, Grandall Law Firm (Beijing), is of the opinion that PSI is not required to obtain
any licenses, approvals or prior permission from any PRC governmental authorities.
Please file a consent of counsel. In addition, please describe in this section the
consequences to you and your investors if you or your subsidiaries: (i) do not receive or
maintain such permissions or approvals, (ii) inadvertently conclude that such permissions
or approvals are not required, or (iii) applicable laws, regulations, or interpretations
change and you are required to obtain such permissions or approvals in the future.
Transfer of Cash to and from the Operating Subsidiaries, page 36
3.We reissue prior comment 14 in part. Describe here any restrictions on foreign exchange
and your ability to transfer cash between entities, across borders, and to U.S. investors.  In
addition, discuss whether there are any restrictions or limitations under the laws of BVI or
Hong Kong on the distribution of earnings, including on your ability to distribute earnings
from the company, including your subsidiaries, to the parent company and U.S. investors.
Summary of Risk Factor
Risks Related to Doing Business in the Jurisdictions in Which PSI's Operating Subsidiaries
Operate, page 37
4.Please revise to include cross-references to the more detailed discussion of each of these
risks in the prospectus.
Our business, financial condition and results of operations, and/or the value of our ordinary
shares..., page 58
5.We note your revised disclosure in response to prior comment 18 states that the Chinese
government may exert more control over offerings conducted overseas and/or foreign
investment in China based issuers.  Please revise here and elsewhere as applicable,
including your prospectus cover page, to also acknowledge any risks that the Chinese
government may exert more control over foreign investment in Hong Kong.

 FirstName LastNameHok Wai Alex Ko
 Comapany NamePS International Group Ltd.
 April 2, 2024 Page 3
 FirstName LastName
Hok Wai Alex Ko
PS International Group Ltd.
April 2, 2024
Page 3
Risk Factors
The Sponsor, AIB's directors, officers, advisors, and their affiliates may elect to purchase AIB
Public Shares prior to the consummation..., page 71
6.We note your revised disclosure in response to prior comment 12 states that the proxy
statement/prospectus includes a representation that any AIB Ordinary Shares or Public
Rights purchased by the Sponsor, AIB's directors, officers, advisors and their affiliates
would not be voted in favor of approving the Business Combination, but we are unable to
locate such representation.  Please revise or advise.  In addition, please reconcile this
disclosure with your disclosure on page 31 and elsewhere that pursuant to the Insider
Letter Agreement, the AIB Initial Shareholders agreed to vote their Founder Shares,
Private Shares and any Public Shares purchased during or after AIB's IPO in favor of the
Business Combination.
The Amended Pubco Charter designate specific courts in Cayman Islands and the United States
as the exclusive forum for certain litigation, page 93
7.We note your revised disclosure in response to prior comment 32. Please revise your
disclosure to describe the full scope of the provision.  In that regard, we note that
the Amended and Restated Articles of Incorporation, included as Annex B, provide that
if the United States District Court for the Southern District of New York lacks subject
matter jurisdiction, the state courts in New York County, New York shall be the exclusive
forum within the United States.
Management's Discussion and Analysis of Financial Condition and Results of Operations of PSI
International Group Ltd., page 197
8.We reviewed your response to comment 26. The statement in your response that "credit
losses are not directly tied to specific operating activities" is inconsistent with
your footnote disclosure that accounts receivable written-off are recognized in the
statement of operations within operating expenses. You recognized an allowance for
expected credit loss of $288,110 in 2020 and $216,138 in 2021 in general and
administrative expenses. However, you recognized the reversal of the allowance for
expected credit loss of $561,869 in 2022 in Other income. You also recognized bad debt
expense of $99,975 in 2020 and $47,088 in 2021 in general and administrative expenses.
Yet, you recognized Bad debt recovered of $58,957 in 2021 within Other income. Please
revise to reclassify the reversal of the allowance for expected credit losses and bad debt
expense recovered within general and administrative expenses, or tell us why you believe
your current presentation is appropriate.
Management of Pubco Following the Business Combination, page 222
9.Please file the consent of each director appointee as an exhibit to your proxy/registration
statement. See Rule 438 of the Securities Act.

 FirstName LastNameHok Wai Alex Ko
 Comapany NamePS International Group Ltd.
 April 2, 2024 Page 4
 FirstName LastName
Hok Wai Alex Ko
PS International Group Ltd.
April 2, 2024
Page 4
Annex D, page D-1
10.We note you have filed a draft Fairness Opinion in response to prior comment 33. Please
file the complete final opinion delivered to the board.
Financial Statements
Note 2 — Summary of Significant Accounting Policies
Related Party, page F-64
11.We reviewed your response to comment 36. You state in your response that the related
party amounts for the years ended December 31, 2021 and 2022 represented services fee
income from provision of logistics and freight handling services based on a mutually
agreed price for each transaction. The mutual agreement of a price for each transaction
does not adequately address our original comment. Please disclose whether related party
transactions were carried out on an arm's length basis and were no less favorable or
unfavorable to you than those to unaffiliated third parties. Refer to ASC 850-10-50-5.
            Please contact Gus Rodriguez at 202-551-3752 or Mark Wojciechowski at 202-551-3759
if you have questions regarding comments on the financial statements and related matters. Please
contact Michael Purcell at 202-551-5351 or Karina Dorin at 202-551-3763 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation
cc:       Will Cai