Company: PLTYF
Filing Date: 2025-06-13
Form Type: POS AM
Source: 0001410578-25-001412
Chunk: 12

Company: Plastec Technologies, Ltd.
Filing Date: 2025-06-13
Form: POS AM
Chunk 12
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 us jointly. Payments from the bank account were to be made to us upon Plastec achieving certain performance targets for the years ended December 31, 2016, 2017 and 2018 (the “Performance Commitments”) as described below:

| ​                        
 Year ending December 31, 
 2016                     | ​ 
 ​ | ​                 
 Net Profit Target 
 HK$161,211,000    | ​ 
 ​ | ​                              
 Payment Amount                 
 RMB113,250,000 (US$16,413,043) |
|:-------------------------|:--|:------------------|:--|:-------------------------------|
| 2017                     | ​ | HK$177,088,000    | ​ | RMB124,380,000 (US$18,026,087) |
| 2018                     |   | HK$195,408,000    |   | RMB137,370,000 (US$19,908,696) |

On October 11, 2016, the parties consummated the transactions contemplated by the Agreement after the fulfillment of certain other conditions, as described in the Agreement. As a result, we no longer own Plastec. Confirmations of Plastec’s Achievement of Performance Targets for the years ended December 31, 2016, 2017 and 2018 By a letter dated May 10, 2017, SYB confirmed and acknowledged to us that Plastec’s audited net profit (on a consolidated basis, after deducting non-recurring gains and losses) for the year ended December 31, 2016 was HK$183,958,100, which is in excess of the performance target for the year ended December 31, 2016, set at HK$161,211,000 in the Agreement, by HK$22,747,100 or approximately 14.1%. Accordingly, we were paid a further sum of RMB113,250,000 (or US$16,413,043) of the Remaining Amount on June 1, 2017 in accordance with the terms of the Agreement. By a letter dated March 28, 2018, SYB confirmed and acknowledged to us that Plastec’s audited net profit (on a consolidated basis, after deducting non-recurring gains and losses) for the year ended December 31, 2017 was HK$183,124,000, which was in excess of the performance target for the