Company: PLTYF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001410578-25-001338
Chunk: 72

Company: Plastec Technologies, Ltd.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 16K
Chunk 72
---
7)               445  
  Net cash (used in)/generated from investing activity          —                         ( 7)               445  
  Financing activity                                                                                              
  Dividends paid                                                —                            —         ( 35,321)  
  Net cash used in financing activity                           —                            —         ( 35,321)  
  Net (decrease)/increase in cash and cash equivalents          ( 3,086)                   657         ( 52,132)  
  Cash and cash equivalents, beginning of year                  98,732                  95,646            96,303  
  Cash and cash equivalents, end of year                        95,646                  96,303            44,171  
  SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:                                                               
  Interest income                                               917                      4,065             4,543  
  Income taxes paid                                             —                            —         ( 16,930)  

See accompanying notes to consolidated financial statements.

F-7

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)

1. Organization and Business Background
Plastec Technologies, Ltd. (the “ Company”) (formerly known as “ GSME Acquisition Partners I”), incorporated under the laws of Cayman Islands on March 27, 2008, and its subsidiaries (where the context permits, references to the “ Company” below shall include references to its subsidiaries (collectively as the “ Group”)) had principally been engaged in the provision of integrated plastic manufacturing services from mold design and fabrication, plastic injection manufacturing to secondary-process finishing as well as parts assembly. The Group’s manufacturing activities had been performed in the People’s Republic of China (the “ PRC” or “ China”) and Thailand during the years through October 11, 2016. The selling and administrative activities had mainly been performed in China.
On November 14, 2015, the Company entered into a Share Transfer Agreement (the “ Agreement”) with Shanghai Yongli Belting Co., Ltd. (“ SYB”) and its wholly-owned subsidiary, Shanghai Yongjing Investment Management Co., Ltd. (“ SYIM”). Pursuant to the Agreement, SYIM was to purchase, through a wholly-owned Hong Kong subsidiary (the “ HK Subsidiary”), the entirety of the Company’s shareholding interests in its then wholly