Company: PLTYF
Filing Date: 2025-06-13
Form Type: POS AM
Source: 0001410578-25-001412
Chunk: 34

Company: Plastec Technologies, Ltd.
Filing Date: 2025-06-13
Form: POS AM
Chunk 34
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 we determine that such a transaction would be beneficial to us and our shareholders. For PRC domestic companies utilizing a VIE structure that apply for the Overseas Offering and Listing, the CSRC will consult the relevant authorities and it holds the view that such PRC domestic companies shall file with the CSRC under the Trial Measures for its Overseas Offering and Listing. However, since no specific laws or regulations on VIE structures have been published officially as of the date hereof, it is not known what rules or detailed implementations and interpretations will be promulgated on domestic companies utilizing VIE structures.

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If we were to enter into a transaction utilizing a VIE structure, under relevant regulations and policies applicable at that time, the relevant regulatory authorities might have the discretion to:

| ● | revoke the business and operating licenses of the potential future target business; |

| ● | confiscate relevant income and impose fines and other penalties; |

| ● | discontinue or restrict the operations of the potential future target business; |

| ● | require us or the potential future target business to restructure the relevant ownership structure or operations; |

| ● | restrict or prohibit our use of capital to finance our businesses and operations in the relevant jurisdiction; or |

| ● | impose conditions or requirements with which we or the potential future target business may not be able to comply. |

Any of the foregoing could have a material adverse effect on our operations and the value of Plastec Technologies’ securities. We are vulnerable to foreign currency exchange risk exposure. Our foreign currency exchange risk arises from the fact that our financial statements are expressed in Hong Kong dollars. Our balance sheet uses the relevant prevailing period end exchange rate to convert all foreign currency amounts into Hong Kong dollars and our statement of comprehensive income records various payments and receipts using the relevant prevailing exchange rate on the date of each transaction. The different exchange rates prevailing at different times will give rise to foreign currency exchange exposures. In addition, the current peg of the exchange rate between the Hong Kong dollar and the U.S. dollar may be de-pegged or subject to an increased band of fluctuation. Fluctuations in the Hong Kong dollar exchange rates against other currencies may negatively impact our financial condition. We intend to explore other currently unidentified investment opportunities and, accordingly, we are unable to currently ascertain the merits or risks of any such investment opportunity. We intend to explore other currently unidentified investment opportunities to supplement our current minimal operations. Accordingly, there is no current basis for you to evaluate the possible merits