Company: PLTYF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001410578-25-001338
Chunk: 35

Company: Plastec Technologies, Ltd.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 35
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 our estimates for contractual cash commitments, interest commitment and operating lease obligations were all nil.
Quantitative and Qualitative Disclosures About Market Risks
Market risk is a broad term for the risk of economic loss due to adverse changes in the fair value of a financial instrument. These changes may be the result of various factors, including interest rates, foreign exchange rates, commodity prices and/or equity prices.
Foreign exchange risk.  Up until November 2019, our income was mainly denominated in Renminbi whereas our costs and capital expenditures were largely denominated in Renminbi and other foreign currencies. Fluctuations in currency exchange rates, particularly among the Hong Kong dollar, U.S. dollar and Renminbi, could have a significant impact on our financial condition and results of operations, affect our gross and operating profit margins and result in foreign exchange and operating gains or losses. After completion of the disposal of our former subsidiary that generated rental revenues pursuant to the terms of the Assets Disposal Agreement in November 2019, we recorded no operating income from our continuing operations. We recorded nil foreign currency exchange gain and loss for the years ended December 31, 2022, 2023 and 2024, respectively. We currently do not plan to enter into any hedging arrangements, such as forward exchange contracts and foreign currency option contracts, to reduce the effect of our foreign exchange risk exposure, if any. However, if we decided to enter into any such hedging activities in the future, there is no assurance that we would be able to effectively manage our foreign exchange risk exposure.
Seasonality
We have not been subject to any seasonality in our continuing operations in any material respect.
Subsequent Material Changes
There have been no material changes in our financial condition and results of operations subsequent to December 31, 2024.
B. Liquidity and Capital Resources
The disclosure set forth in Item 5.A of this Form 20-F is incorporated herein by reference.

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C. Research and Development, Patents and Licenses, Etc.
We do not have a department for and therefore have not incurred any significant amount in research and development.
D. Trend Information
The disclosure set forth in Item 5.A of this Form 20-F is incorporated herein by reference.
E. Off-Balance Sheet Arrangements
The disclosure set forth in Item 5.A of this Form 20-F is incorporated herein by reference.
F. Contractual Obligations and Commitments
The disclosure set forth in Item 5.A