Company: PLTYF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001410578-25-001338
Chunk: 31

Company: Plastec Technologies, Ltd.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 31
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 Years Ended December 31,                                                                                
​                                              ​   2022                              ​   2023                              ​   2024                               
​                                                  (HK$’000)                                                                                                      
​                                              ​   Amount            % of Total          Amount            % of Total          Amount            % of Total       
Selling, general and administrative expenses       ​     3,326   ​   ​       100.0   %   ​     3,084   ​   ​       100.0   %   ​     4,813   ​   ​       100.0   %
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Selling, General and Administrative Expenses
Our selling, general and administrative expenses consisted primarily of office expenses, depreciation, legal and professional expenses, directors’ compensation, insurances, transportation and motor vehicles related expenses.
Income Tax
Cayman Islands. We are incorporated in the Cayman Islands. The government of the Cayman Islands will not, under existing legislation, impose any income tax upon the Company or its shareholders.

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British Virgin Islands. Our subsidiaries which are incorporated in the British Virgin Islands are exempted from income tax in the British Virgin Islands on their foreign-derived income.
Hong Kong. Our remaining Hong Kong subsidiary is subject to income tax on its assessable profits in Hong Kong at the prevailing corporate tax rates of 8.25% on assessable profits up to HK$2 million and 16.5% on any part of assessable profits over HK$2 million. For the years ended December 31, 2022 and 2023, however, our Hong Kong subsidiary recorded nil Hong Kong Profits Tax on the basis that it did not have any assessable profits arising in or derived from Hong Kong.
The Company had accounted for the uncertain tax positions affecting its consolidated financial position, results of operations or cash flows for previous tax years subject to examination by the relevant tax authorities. For the year ended December 31, 2024, final tax assessments for the previous open tax years were issued by the Inland Revenue Department of Hong Kong and the Company had fully settled the respective tax amount in due course and considered that no uncertain tax position should be recorded as of December 31, 2024.
Review of Results of Operations
The following table sets forth a summary of our consolidated results of operations for the periods indicated. This information should be read together with our consolidated financial statements, including the related notes that appear elsewhere in this Form 20-F.

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