Plastec Technologies Ltd. (Hong Kong SAR, China)

OVERVIEW
The Company 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.
BUSINESS
The Company is a vertically integrated plastic manufacturing services provider that operates in the PRC through Plastec and our PRC subsidiaries. The Company provides precision plastic manufacturing services from mold design and fabrication, plastic injection manufacturing to secondary-process finishing, as well as parts assembly. The Company manufactures a wide range of plastic parts and components for: consumer electronics, such as LCD and LED television sets, DVD players, DVD-VHS combos, Blu-ray disc players, speakers, MP3, remote controls electrical home appliances, such as power tools, hair dryers, shavers, vacuum cleaners and other home-use electrical products;telecommunication devices, such as modems, set-top boxes, cordless phone handsets, global positioning system (“GPS”) devices and other telecommunication-related parts and components; computer peripherals, such as LCD monitors, printers and other personal computer parts and components; and other industries, such as precision plastic toys and automobile audio systems.manufacture our products solely on the basis of customer orders. The Company s major customers include international original equipment manufacturers (“OEMs”), original design manufacturers (“ODMs”), and original brand manufacturers (“OBMs”), of consumer electronics, electrical home appliances, telecommunication devices and computer peripherals
The Company s units, shares and warrants are quoted on the OTC Bulletin Board under the symbols “PLTEF,” “PLTYF” and “PLTWF,”
HISTORY
1993 The Company was incorporated under the laws of the Cayman Islands, in 1993 and is based in Kwun Tong, Hong Kong.
2012 On September 11, 2012, the Company determined to change its fiscal year end from April 30 to December 31. The change in fiscal year end was made so that the Company's fiscal year end would coincide with all the Company's operating subsidiaries in the People's Republic of China. The figures below for the 8-month period ended December 31, 2011 have not been audited and are presented for comparative purposes only.
2015 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-owned subsidiary, Plastec International Holdings Limited (“PIHL”) alongside the latter's subsidiaries (collectively, “PIHL Group”), for an aggregate purchase price of RMB 1,250,000,000 (or US 195,312,500), in cash (the “Transfer Price”) subject to terms and conditions thereof.
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