{"url_path":"/sec/pltyf/10-k/2026/item-6","section_key":"item-6","section_title":"Item 6 DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES.","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1433309/0001104659-26-061965-index.html","accession_number":"0001104659-26-061965","cik":"0001433309","ticker":"PLTYF","issuer_name":"Plastec Technologies, Ltd.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1433309/0001104659-26-061965-index.html","primary_entity_key":"0001433309","primary_entity_name":"Plastec Technologies, Ltd."},"word_count":1785,"has_tables":true,"body_markdown":"ITEM 6.    DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES.\n\nA. Directors and Senior Management\n\nOur current directors and officers are:\n\n​\n\n​\n\n​\n\n​\n\n​\n\nName\n\n**  ​ ​ ​**\n\nAge\n\n**  ​ ​ ​**\n\nPosition\n\nKin Sun Sze-To (4)\n\n​\n\n64\n\n​\n\nChairman of the Board and Chief Executive Officer and Chief Operating Officer\n\nHo Leung Ning (4)\n\n​\n\n65\n\n​\n\nChief Financial Officer and Director\n\nChung Wing Lai (1) (2) (3)\n\n \n\n78\n\n \n\nDirector\n\nJoseph Yiu Wah Chow (1) (2) (3)\n\n \n\n66\n\n \n\nDirector\n\n​\n\n(1)Serves as a member of the Audit Committee.\n\n(2)Serves as a member of the Compensation Committee.\n\n(3)Serves as a member of the Nominating and Corporate Governance Committee.\n\n(4)Serves as a member of the Executive Committee.\n\nKin Sun Sze-To has been our Chairman of the Board and Chief Executive Officer since the consummation of the merger in December 2010 and more recently has also served as our Chief Operating Officer since consummation of the disposal of our shareholdings in Plastec to SYB in October 2016. From January 2018 through October 2019, he was also a non-independent director of SYB. Mr. Sze-To is responsible for exploring, directing and reviewing our long-term investment opportunities and business development strategies. Mr. Sze-To started his career in the specialized field of spraying and silk screening of plastics products, before diversifying and accumulating over 20 years of experience in other areas of the plastic injection and molding industry. We believe Mr. Sze-To’s past business experience as well as his contacts and relationships make him well qualified to be a member of our board of directors. Mr. Sze-To graduated from the Third Kaiping High School of China in 1978 and completed a 2-year Organizational Design Program for Enterprise Founders conducted by the HSBC Business School of Peking University in 2014.\n\nHo Leung Ning has served as our Chief Financial Officer and a Director of ours since the consummation of the merger in December 2010. He served as Deputy Vice President of SYB from August 2017 through March 2023. Mr. Ning is responsible for our corporate planning and financial activities, and he has over 20 years of experience in the banking and finance industry. Prior to joining the pre-divested Plastec in 2004, Mr. Ning was the Assistant General Manager of the Hong Kong branch of The Bank of Tokyo Mitsubishi UFJ Ltd (now known as MUFG Bank, Ltd). We believe Mr. Ning’s past business experience and financial knowledge and understanding makes him well qualified to be a member of our board of directors. Mr. Ning graduated from the Hong Kong Baptist University with an Honors Diploma in Economics in 1984.\n\nChung Wing Lai has been a Director of ours since the consummation of the merger in December 2010. Since July 2002, Mr. Lai has been involved in business consultancy and advisory work in the Asia Pacific region. From February 1993 to December 1994, he served as the managing director of Seaunion Holdings Ltd. (now known as Elate Holdings Ltd.), a company listed on The Stock Exchange of Hong Kong Ltd. From 1999 to February 2009, he was an independent non-executive director of Kingboard Copper Foil Holdings Ltd, a public listed company on The Stock Exchange of Singapore. From June 2004 to October 2010, he was also an independent non-executive director of Kee Shing (Holdings) Ltd. (now known as Gemini Investments (Holdings) Ltd.) a company listed on The Stock Exchange of Hong Kong Ltd. From February 2009 through May 2016, he was an independent non-executive director of Kingboard Chemical Holdings Ltd, a public listed company on The Stock Exchange of Hong Kong Ltd. We believe Mr. Lai’s past business experience, including serving as an independent director of a number of publicly listed companies, makes him well qualified to be a member of our board of directors. Mr. Lai received a Bachelor-of-Laws (Honours) degree from the University of London in 1983.\n\n36\n\n[Table of Contents](#TOC)\n\nJoseph Yiu Wah Chow has been a Director of ours since the consummation of the merger in December 2010. Mr. Chow has over 30 years of experience in auditing, accounting, and financial management. He has been a practicing director of KTC Partners CPA Limited since May 2008 and a practicing director of Crowe (HK) CPA Limited from January 2019 until June 2022. We believe Mr. Chow’s financial background in auditing, accounting and financial management makes him well qualified to be a member of our board of directors and chairman of our audit committee. Mr. Chow graduated from the University of Ulster in the United Kingdom with a Bachelor’s degree in Accounting in 1989. Additionally, Mr. Chow is admitted as a member of the Association of Chartered Certified Accountants in 1991 and a member of the Hong Kong Institute of Certified Public Accountants in 1992. He has also been a member of the Taxation Institute of Hong Kong since 1992, the Hong Kong Securities Institute since 1998, and the Institute of Chartered Accountants in England and Wales since 2006.\n\nB. Compensation\n\nCompensation of Executive Officers\n\nFollowing consummation of our divestment of our shareholdings in Plastec to SYB on October 11, 2016 and as a result of our current minimal operations, effective from November 2016 each of our current executive officers has received monthly cash compensation in the sum of HK$10,000.\n\nDuring the year ended December 31, 2025, the aggregate amount of compensation paid to our executive officers was HK$240,000.\n\nThe following table sets forth the compensation of our named executive officers for the year ended December 31, 2025:\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n**Year ended**\n\n​\n\n**Salary**\n\n​\n\n**Total**\n\n**Name and Principal Position**\n\n**  ​ ​ ​**\n\n**December 31, **\n\n**  ​ ​ ​**\n\n**(HK$)**\n\n**  ​ ​ ​**\n\n**(HK$)**\n\nKin Sun Sze-To\n\n​\n\n​\n\n2025\n\n​\n\n​\n\n120,000\n\n​\n\n​\n\n120,000\n\n*Chairman of the Board and Chief Executive Officer and Chief Operating Officer*\n\n​\n\n​\n\n  ​\n\n​\n\n​\n\n  ​\n\n​\n\n​\n\n  ​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\nHo Leung Ning\n\n \n\n​\n\n2025\n\n \n\n​\n\n120,000\n\n \n\n​\n\n120,000\n\n*Chief Financial Officer*\n\n \n\n​\n\n  ​\n\n \n\n​\n\n  ​\n\n \n\n​\n\n  ​\n\n​\n\nCompensation of Non-Executive Independent Directors\n\nFollowing consummation of our divestment of our shareholdings in Plastec to SYB on October 11, 2016 and as a result of our current minimal operations, effective from November 2016 each of our current non-executive independent directors has been paid HK$10,000 for each month that they continue to serve on our board.\n\nDuring the year ended December 31, 2025, the aggregate amount of compensation paid to our non-executive independent directors was HK$240,000.\n\nC. Board Practices\n\nDirector Term of Office\n\nEach director serves until our next annual general meeting, if one is called for, and until his successor is elected and qualified. We have not entered into service or similar contracts with our directors.\n\nBoard Committees\n\nWe have standing executive, audit, compensation and nominating and corporate governance committees. Except for the executive committee, each of these committees is comprised entirely of independent directors, as defined by the listing standards of the NASDAQ Stock Market. Moreover, the compensation committee is composed exclusively of individuals intended to be, to the extent required by Rule 16b-3 of the Exchange Act, non-employee directors and will, at such times as we are subject to Section 162(m) of the Internal Revenue Code, qualify as outside directors for purposes of Section 162(m) of the Internal Revenue Code.\n\n37\n\n[Table of Contents](#TOC)\n\nExecutive Committee\n\nOur executive committee is currently comprised of Kin Sun Sze-To and Ho Leung Ning. While the executive committee does not have a formal written charter, the board has determined that the executive committee’s responsibilities will be to generally manage our business affairs and exercise all powers of the board (other than actions that would require the board to act as a whole or which actions are vested in other committees of the board or require shareholder approval).\n\nAudit Committee Information\n\nOur audit committee is currently comprised of Joseph Yiu Wah Chow and Chung Wing Lai, with Joseph Yiu Wah Chow serving as chairman. The audit committee, pursuant to the audit committee charter, is responsible for engaging independent certified public accountants, preparing audit committee reports, reviewing with the independent certified public accountants the plans and results of the audit engagement, approving professional services provided by the independent certified public accountants, reviewing the independence of the independent certified public accountants, considering the range of audit and non-audit fees, reviewing the adequacy of our internal accounting controls and reviewing all related party transactions.\n\nFinancial Experts on Audit Committee\n\nThe audit committee will at all times be composed exclusively of “independent directors” who are “financially literate” as defined under NASDAQ listing standards. The definition of “financially literate” generally means being able to read and understand fundamental financial statements, including a company’s balance sheet, statement of comprehensive income and cash flow statement.\n\nIn addition, our board of directors has determined that Joseph Yiu Wah Chow satisfies the definition of financial sophistication and also qualifies as an “audit committee financial expert,” as defined under rules and regulations of the SEC.\n\nNominating and Corporate Governance Committee\n\nOur nominating and corporate governance committee is currently comprised of Chung Wing Lai and Joseph Yiu Wah Chow, with Chung Wing Lai serving as chairman. The nominating and corporate governance committee is responsible for seeking, considering and recommending to the board qualified candidates for election as directors and will approve and recommend to the full board of directors the appointment of each of our executive officers. It also periodically prepares and submits to the board of directors for adoption the committee’s selection criteria for director nominees. It reviews and makes recommendations on matters involving the general operation of the board and our corporate governance, and annually recommends to the board nominees for each committee of the board. In addition, the committee annually facilitates the assessment of the board of directors’ performance as a whole and of the individual directors and report thereon to the board.\n\nCompensation Committee\n\nOur compensation committee currently is comprised of Joseph Yiu Wah Chow and Chung Wing Lai, with Joseph Yiu Wah Chow serving as chairman. The principal functions of the compensation committee are to:\n\n●evaluate the performance of our officers;\n\n●review any compensation payable to our directors and officers;\n\n●prepare compensation committee reports; and\n\n●administer the issuance of any ordinary shares or other equity awards issued to our officers and directors.\n\nD. Employees\n\nWe have no employees as of the date of this Form 20-F.\n\n38\n\n[Table of Contents](#TOC)\n\nE. Share Ownership\n\nThe disclosure relating to the share ownership of the persons listed in Item 6.B set forth in Item 7.A of this Form 20-F is incorporated herein by reference.\n\nF. Disclosure of a registrant’s action to recover erroneously awarded compensation\n\nNot applicable."}