Company: PLTYF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001410578-25-001338
Chunk: 85

Company: Plastec Technologies, Ltd.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 16K
Chunk 85
---
144  
  Fixtures & Fittings                           —                          199  
                                                1,821                    2,166  
  Accumulated depreciation                      ( 1,814)              ( 1,874)  
  Disposed due to disposal of a subsidiary      —                       ( 292)  
  Property, plant and equipment, net            7                            —  

Depreciation of property, plant and equipment from operating activities were HK$Nil, HK$Niland HK$60included in “ Selling, general and administrative expenses” and gain on disposal of plant and equipment of HK$Nil, HK$Niland HK$100included in “ Other income” during the years ended December 31, 2022, 2023 and 2024, respectively.

5. Other Payables and Accruals

Other payables and accruals consist of the following:

                                           December 31,      December 31,  
                                                   2023              2024  
 ───────────────────────────────────────────────────────────────────────────
                                                    HK$               HK$  
  Accrued salaries, wages and bonus                  40                40  
  Accrued audit and professional fees             1,133               498  
                                                  1,173               538  

F-17

Table of Contents

PLASTEC TECHNOLOGIES, LTD.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Hong Kong dollars in thousands, except number of shares, per share data and unless otherwise stated)

6. Income Taxes

The Company and its subsidiaries are subject to taxation in various jurisdictions including Hong Kong. Pursuant to the rules and regulations of the Cayman Islands, the Company is not subject to any income tax in the Cayman Islands. The income of its subsidiaries which are incorporated in the BVI is not subject to taxation in the BVI under the current BVI law. The subsidiary operating in Hong Kong is subject to income taxes as described below.

The subsidiary operating in Hong Kong was subject to a two-tiered profits tax rates regime at the rate of8.25% for the first HK$2,000assessable profits and at16.5% over HK$2,000assessable profits for the years ended December 31, 2022 and 2023 respectively.

As of December 31, 2023, the Board of Directors considered that the Company had accounted for the uncertain tax positions affecting its consolidated financial position, results of operations or cash flows, and