{"url_path":"/sec/pltyf/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS.","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":1274,"has_tables":true,"body_markdown":"ITEM 7.    MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS.\n\nA. Major Shareholders\n\nThe following table sets forth, as of May 15, 2026, certain information regarding beneficial ownership of Plastec Technologies’ shares by each person who is known by us to beneficially own more than 5% of such shares. The table also identifies the share ownership of each of our directors, each of our named executive officers, and all directors and officers as a group. Except as otherwise indicated, the shareholders listed in the table have sole voting and investment powers with respect to the shares indicated. Our major shareholders do not have different voting rights than any other holder of our shares.\n\nShares which an individual or group has a right to acquire within 60 days pursuant to the exercise or conversion of options, warrants or other similar convertible or derivative securities, if any, are deemed to be outstanding for the purpose of computing the percentage ownership of such individual or group, but are not deemed to be outstanding for the purpose of computing the percentage ownership of any other person shown in the table.\n\nBeneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission and generally includes voting and investment power. Except as otherwise indicated below, each beneficial owner holds voting and investment power directly. The percentage of ownership is based on 12,938,128 shares issued and outstanding as of May 15, 2026.\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n**Amount and**\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n**Nature of**\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n**Beneficial**\n\n​\n\n**Percent**\n\n​\n\n**Name and Address of Beneficial Owner**(1)\n\n**  ​ ​ ​**\n\n**Ownership**\n\n**  ​ ​ ​**\n\n**of Class**\n\n  ​ ​ ​\n\nMajor Shareholder(s):\n\n​\n\n​\n\n**  ​**\n\n​\n\n​\n\n**  ​**\n\n​\n\nKwok Wa Hung\n\n​\n\n​\n\n1,014,753\n\n(2)​\n\n​\n\n7.8\n\n%\n\nDirectors and Executive Officers:\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\nKin Sun Sze-To\n\n \n\n​\n\n10,134,283\n\n(3)​\n\n​\n\n78.3\n\n%\n\nHo Leung Ning\n\n \n\n​\n\n241,971\n\n(4)​\n\n​\n\n1.9\n\n%\n\nChung Wing Lai\n\n \n\n​\n\n—\n\n \n\n​\n\n0\n\n%  \n\nJoseph Yiu Wah Chow\n\n \n\n​\n\n—\n\n \n\n​\n\n0\n\n%  \n\nAll directors and executive officers as a group (4 individuals)\n\n \n\n​\n\n10,376,254\n\n \n\n​\n\n80.2\n\n%  \n\n​\n\n(1)Unless otherwise indicated, the business address of each of the individuals is Unit 01, 21/F, Aitken Vanson Centre, 61 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong. Unless otherwise indicated, none of the individuals have voting rights that differ from other shareholders.\n\n(2)The business address of Mr. Hung is c/o 16th Floor, Guangdong Finance Building, 88 Connaught Road West, Central, Hong Kong. The foregoing information is derived from a Schedule 13G/A filed with the SEC on March 03, 2015 and other information known to us.\n\n(3)Consists of 9,245,382 ordinary shares held by Sun Yip Industrial Company Limited and 888,901 ordinary shares held by Tiger Power Industries Limited (“Tiger Power”), each of which is an entity controlled by Mr. Sze-To. The foregoing information is derived from a Schedule 13D/A filed with the SEC on January 5, 2017.\n\n(4)Includes 241,971 ordinary shares held by Expert Rank Limited, an entity controlled by Mr. Ning.\n\n39\n\n[Table of Contents](#TOC)\n\nAs of May 15, 2026, there were 17 shareholders of record holding a total of 12,938,128 of our ordinary shares. To the best of our knowledge there were 4 shareholders of record with addresses in the United States holding 556,133 (4.3%) of our outstanding ordinary shares. The foregoing calculations include 1 unit holder with a United States address holding 1,694 units, each consisting of 1 ordinary share. Ordinary shares held in the names of banks, brokers and other intermediaries were assumed to be held by residents of the same country in which the bank, broker or other intermediary was located.\n\nB. Related Party Transactions\n\nOur Code of Ethics and Related Person Policy\n\nIn November 2009, our board of directors adopted a code of ethics that applies to our directors, officers and employees as well as those of our subsidiaries.\n\nOur Code of Ethics requires it to avoid, wherever possible, all related party transactions that could result in actual or potential conflicts of interest, except under guidelines approved by the board of directors (or the audit committee, if one exists). Related-party transactions with respect to smaller reporting companies such as us are defined under SEC rules as transactions in which (1) the aggregate amount involved will or may be expected to exceed the lesser of $120,000 or one percent of the average of the smaller reporting company’s total assets at year end for the last two completed years, (2) we or any of our subsidiaries is a participant, and (3) any (a) executive officer, director or nominee for election as a director, (b) greater than 5 percent beneficial owner of our shares, or (c) immediate family member of the persons referred to in clauses (a) and (b), has or will have a direct or indirect material interest (other than solely as a result of being a director or a less than 10 percent beneficial owner of another entity). A conflict of interest situation can arise when a person takes actions or has interests that may make it difficult to perform his or her work objectively and effectively. Conflicts of interest may also arise if a person, or a member of his or her family, receives improper personal benefits as a result of his or her position.\n\nOur audit committee, pursuant to its written charter, is responsible for reviewing and approving related-party transactions to the extent we enter into such transactions. The audit committee will consider all relevant factors when determining whether to approve a related party transaction, including whether the related party transaction is on terms no less favorable than terms generally available to an unaffiliated third party under the same or similar circumstances and the extent of the related party’s interest in the transaction. No director will be able to participate in the approval of any transaction in which he is a related party, but that director will be required to provide the audit committee with all material information concerning the transaction. Additionally, we will require each of our directors and executive officers to complete a directors’ and officers’ questionnaire on an annual basis that elicits information about related party transactions.\n\nThese procedures are intended to determine whether any such related party transaction impairs the independence of a director or presents a conflict of interest on the part of a director, employee or officer.\n\nOur Related Person Transactions\n\nWe entered into a management services agreement dated January 1, 2025 with Sun Line, a former subsidiary that was disposed of in November 2024. Sun Line provides general administrative services and office facilities for our daily operations. Mr. Szeto Kin Sun and Mr. Ning Ho Leung, our CEO & CFO respectively, have not yet resigned and are currently the directors of Sun Line.\n\nThere were no other related party transactions involving us or any of our subsidiaries with any of our officers and directors or their respective affiliates for the fiscal year ended December 31, 2025. We require that all ongoing and future transactions between us and any of our officers and directors or their respective affiliates will be on terms that we believe to be no less favorable to us than are available from unaffiliated third parties. Such transactions require prior approval by a majority of our uninterested “independent” directors or the members of our board who do not have an interest in the transaction, in either case who have access, at our expense, to our attorneys or independent legal counsel.\n\nC. Interest of Experts and Counsel\n\nNot applicable.\n\n​\n\n40\n\n[Table of Contents](#TOC)"}