UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

For the month of: ~~May~~ August 2024

Commission File Number: 000-53826

PLASTEC TECHNOLOGIES, LTD.

(Translation of registrant’s name into English)

c/o Unit 01, 21/F, Aitken Vanson Centre, 61 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F x Form 40-F o¨

~~Annual~~Unaudited ~~Report~~Financial Statements

OnThis ~~May 6, 2024, Plastec Technologies, Ltd. (the “Company”) posted its annual report for the fiscal year ended December 31, 2023 to its website. A copy of the annual report is attached to this~~ Report of Foreign Private Issuer ason ~~Exhibit 99.1.~~Form 6-K ~~The~~by ~~foregoing~~Plastec ~~information~~Technologies, ~~shall~~Ltd. ~~not~~(“we, ~~be deemed~~ “~~filed~~us” ~~for purposes of Section 18 of the Securities Exchange Act of 1934~~, as“our” ~~amended~~or (the “~~Exchange Act~~Company”), orcontains ~~incorporated~~the Company’s byunaudited ~~reference~~financial inresults ~~any~~for ~~filing under~~ the ~~Securities~~six ~~Act~~months ofended ~~1933~~June 30, as2024. ~~amended~~Additionally, orattached ~~the~~as ~~Exchange~~Exhibit ~~Act,~~99.1 ~~except~~is asa ~~shall~~press berelease ~~expressly~~of ~~set~~the ~~forth~~Company byrelating ~~specific~~to ~~reference~~the inforegoing ~~such~~financial ~~a filing~~results.

~~Exhibits~~Forward Looking Statement

	Exhibit	Description
	99.1	Annual Report.

This Report of Foreign Private Issuer on Form 6-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These statements relate to future events or the Company’s future financial performance. The Company has attempted to identify forward-looking statements by terminology including “anticipates”, “believes”, “expects”, “can”, “continue”, “could”, “estimates”, “intends”, “may”, “plans”, “potential”, “predict”, “should” or “will” or the negative of these terms or other comparable terminology. These statements are only predictions, uncertainties and other factors may cause the Company’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. The information in this Report of Foreign Private Issuer on Form 6-K is not intended to project future performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot and does not guarantee future results, levels of activity, performance or achievements. The Company’s expectations are as of the date this Report of Foreign Private Issuer on Form 6-K is filed, and the Company does not intend to update any of the forward-looking statements after the date this Report of Foreign Private Issuer on Form 6-K is filed to conform these statements to actual results, unless required by law.

The forward-looking statements included in this Report of Foreign Private Issuer on Form 6-K are subject to risks, uncertainties and assumptions about our businesses and business environments. These statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual results of our operations may differ materially from information contained in the forward-looking statements as a result of risk factors detailed in the Company’s filings with the Securities and Exchange Commission.

PLASTEC TECHNOLOGIES, LTD.

CONSOLIDATED BALANCE SHEETS

(Hong Kong dollars in thousands, except number of shares, per share data and unless otherwise stated)

	(Unaudited) June 30,			(Audited) December 31,
	2024			2023
	HK$			HK$
ASSETS
Current assets
Cash and cash equivalents		95,072			96,303
Deposits, prepayment and other receivables		5,045			4,296
Total current assets		100,117			100,572

Property, plant and equipment, net		315			7
Intangible assets		438			438
Total assets		100,870			101,017

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Other payables and accruals		438			1,173
Tax payable		13,504			12,980
Total current liabilities		13,942			14,153

Total liabilities		13,942			14,153

Commitments and contingencies		-			-

Shareholders’ equity
Ordinary shares (US$0.001 par value; 100,000,000 authorized 12,938,128 and 12,938,128 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively)		101			101
Additional paid-in capital		26,049			26,049
Accumulated other comprehensive income		(30	)		(30	)
Retained earnings		60,808			60,744
Total shareholders’ equity		86,928			86,864

Total liabilities and shareholders’ equity		100,870			101,017

PLASTEC TECHNOLOGIES, LTD.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited)

(Hong Kong dollars in thousands, except number of shares, per share data and unless otherwise stated)

	For the 6-month period ended June 30,
	2024			2023
	HK$			HK$
Revenues		-			-

Operating expenses, net
Selling, general and administrative expenses		(1,937	)		(1,337	)
Total operating expenses, net		(1,937	)		(1,337	)

Loss from operations		(1,937	)		(1,337	)

Interest income		2,525			1,825
Income before income tax expense		588			488

Income tax expense		(524	)		(435	)
Net Income attributable to the Company’s shareholders		64			35

Other comprehensive income
Foreign currency translation adjustment		-			-
Comprehensive Income attributable to the Company’s shareholders		64			35

PLASTEC TECHNOLOGIES, LTD.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited)

(Hong Kong dollars in thousands, except number of shares, per share data and unless otherwise stated)

	For the 6-month period ended June 30,
	2024		2023
	HK$		HK$
Net income per share:

Weighted average number of ordinary shares		12,938,128		12,938,128

Weighted average number of diluted ordinary shares		12,938,128		12,938,128

Basic net income per share attributable to the Company’s shareholders		HK$0.005		HK$0.003

Diluted net income per share attributable to the Company’s shareholders		HK$0.005		HK$0.003

PLASTEC TECHNOLOGIES, LTD.

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (Unaudited)

(Hong Kong dollars in thousands, except number of shares, per share data and unless otherwise stated)

	Ordinary shares						Accumulated
	Number of shares outstanding		Amount		Additional paid-in capital		other comprehensive income			Retained earnings			Shareholders’ equity
			HK$		HK$		HK$			HK$			HK$
Balance at December 31, 2022 and at January 1, 2023		12,938,128		101		26,049		(30	)		60,810			86,930

Net loss for the year		-		-		-		-			(66	)		(66	)

Balance at December 31, 2023 and at January 1, 2024		12,938,128		101		26,049		(30	)		60,744			86,864

Net income for the period		-		-		-		-			64			64
Balance at June 30, 2024		12,938,128		101		26,049		(30	)		60,808			86,928

PLASTEC TECHNOLOGIES, LTD.

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

(Hong Kong dollars in thousands, except number of shares, per share data and unless otherwise stated)

	For the 6-month period ended June 30,
	2024			2023
	HK$			HK$
Operating activities
Net Income		64			35

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		36			-
Changes in operating assets and liabilities:
Deposits, prepayment and other receivables		(749	)		(543	)
Other payables and accruals		(735	)		(153	)
Tax payables		524			453
Net cash used in operating activities		(860	)		(208	)

Net decrease in cash and cash equivalents		(860	)		(208	)

Investing activities
Purchase of plant and machinery		(371	)		-
Net cash used in investing activities		(371	)		-

Net decrease in cash and cash equivalents		(1,231	)		(208	)

Cash and cash equivalents, beginning of period		96,303			95,646
Cash and cash equivalents, end of period		95,072			95,438

SUPPLEMENTARY DISCLOSURES OF CASH FLOW INFORMATION:
Interest received, net		2,525			1,825

PLASTEC TECHNOLOGIES, LTD.

Management discussion and analysis

General

The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“USGAAP”). The preparation of financial statements in conformity with USGAAP requires management to make estimates and assumptions that reported amounts of assets and liabilities at the date of the financial statements and the amount of expenses reported during the period. Actual results could differ from those estimates. Unless otherwise indicated, all financial information presented in HK$ may be converted to US$ using the exchange rate of 7.8 HK$ for every 1 US$.

Operating results for the six months ended June 30, 2024 compared to the six months ended June 30, 2023

We did not record any operating income during the six months ended June 30, 2024 and 2023 and maintained minimal daily operations. Our general and administrative expenses for the six months ended June 30, 2024 increased by approximately HK$0.60 million to approximately HK$1.94 million from approximately HK$1.34 million in the six months ended June 30, 2023. The increase was mainly attributable to rental expenses for the expanded administrative office areas and relevant expenses such as depreciation of fixtures, fittings and office equipment in associated with the expanded office.

We recorded a net income attributable to shareholders of approximately HK$0.06 million in the six months ended June 30, 2024 as compared to a net income of approximately HK$0.04 million in the six months ended June 30, 2023. The increase was mainly attributable to interest income of approximately HK$2.5 million in the six months ended June 30, 2024 as compared to HK$1.8 million in the six months ended June 30, 2023 due to increased deposit interest rates.

Balance sheet positions as at June 30, 2024 compared to December 31, 2023

Total assets decreased by approximately HK$0.15 million to approximately HK$100.87 million as of June 30, 2024 compared to approximately HK$101.02 million as of December 31, 2023. This decrease was mainly attributable to reduced balances in bank accounts of approximately HK$1.23 million offset by other receivables of approximately HK$0.75 million, and increased net amount of fixtures, fittings and office equipment of approximately HK$0.31 million.

Total liabilities decreased by approximately HK$0.21 million to approximately HK$13.94 million as of June 30, 2024 compared to approximately HK$14.15 million as of December 31, 2023. This decrease was mainly attributable to tax provided during the period and settled professional fees provided for the financial year ended December 31, 2023.

Cashflow analysis

We have relied primarily on internally generated funds to finance our minimal operations.

For the six months ended June 30, 2024, we recorded approximately HK$1.23 million of cash outflow as compared to approximately HK$0.21 million of cash outflow for the six months ended June 30, 2023. This was mainly attributable to increased net cash used in operating activities of HK$0.86 million as compared to HK$0.21 million, as well as increased net cash used in investing activities of HK$0.37 million compared to nil in the six months ended June 30, 2023.

We did not engage in any financing activities during the six months ended June 30, 2024 or 2023.

Off-Balance Sheet Arrangements

The Company has not entered into any financial guarantees or other commitments to guarantee the payment obligations of third parties. The Company has not entered into any derivative contracts that are indexed to its shares and classified as shareholder’s equity or that are not reflected in its combined financial statements. Furthermore, the Company does not have any retained or contingent interest in assets transferred to an unconsolidated entity that serves as credit, liquidity or market risk support to such entity. The Company does not have any variable interest in any unconsolidated entity that provides financing, liquidity, market risk or credit support to it or that engages in leasing, hedging or research and development services with the Company. There are no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company’s financial condition, net sales or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to an investor.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: May 6, 2024

	PLASTEC TECHNOLOGIES, LTD.


	By:	/s/ Kin Sun Sze-To
	Name:	Kin Sun Sze-To
	Title:	Chief Executive Officer

Dated: August 16, 2024

Filing Compare · Plastec Technologies, Ltd.