Company: PLTYF
Filing Date: 2025-06-13
Form Type: POS AM
Source: 0001410578-25-001412
Chunk: 54

Company: Plastec Technologies, Ltd.
Filing Date: 2025-06-13
Form: POS AM
Chunk 54
---
, general and administrative expenses.Our selling, general and administrative expenses for the year ended December 31, 2024 increased by approximately HK$1.7 million or 54.8% to approximately HK$4.8 million from approximately HK$3.1 million in the year ended December 31, 2023. The increase was mainly attributable to increased rental expenses and depreciation of furniture and fittings and office equipment of a new office, and increased legal and professional expenses during the year. Loss from operations.Our loss from operations for the year ended December 31, 2024 was approximately HK$4.7 million, compared to a loss of approximately HK$3.1 million for the year ended December 31, 2023, as a result of increased selling, general and administrative expenses for the year. Income tax expenses.Our income tax expenses for the year ended December 31, 2024 increased by approximately HK$6.7 million to HK$7.8 million from HK$1.1 million in the year ended December 31, 2023. The increase was due to the settlement of the final tax assessments including related tax penalty and interest for the previous open tax years issued by the Inland Revenue Department of Hong Kong during the year. Net loss. Our net loss for the year ended December 31, 2024 was approximately HK$7.9 million, compared to net loss of approximately HK$0.07 million for the year ended December 31, 2023. Year ended December 31, 2023 compared to year ended December 31, 2022 Other income.We did not record any operating income for the fiscal years ended December 31, 2023, whilst recorded other income of approximately HK$91,000 from reversed over-accrued expenses for fiscal year ended December 31,2022. Selling, general and administrative expenses.Our selling, general and administrative expenses for the year ended December 31, 2023 decreased by approximately HK$0.2 million or 6.1% to approximately HK$3.1 million from approximately HK$3.3 million in the year ended December 31, 2022. This was mainly attributable to the less legal and professional fees incurred during the year ended December 31, 2023.

31

Loss from operations.Our loss from operations for the year ended December 31, 2023 was approximately HK$3.1 million, compared to a loss of approximately HK$3.2 million for the