Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 186

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 18
Chunk 186
---
 Chung Gary                   Former senior management                            Advance from a former senior management         Amounts due to related parties                             2,262      1,262      162  
  Mr. Li Siu Lun, Allan                     Senior management                                   Advance from a member of senior management      Amounts due to related parties                                 -         80       10  
  Total amounts due to related parties                                                                                                                                                                     2,413      3,056      393  

The
above amounts are unsecured, non-interest bearing and repayable on demand.

Related
party transactions (Guarantees)

The
related parties made guarantees to the Company in relation to all the bank borrowings of the Group. Please refer to the Note 9 for details
of each guarantee made by the related parties in relation to all the bank borrowings of the Group as of December 31, 2024 and 2023.

Related
party transactions (Sale / lease of properties)

The
Company entered into the following rental agreement with a related party for a director quarter situated in Hong Kong:

Schedule of rental agreement with related party

  Premises                 Relationship                                            Rental payment for               Rental payment for                            
                                                                                   the year ended                   the year ended                                
                           with the lessor                                         December 31, 2022                December 31, 2023                             
                                                                                                                                                                  
                                                                                   (HK$’000)                        (HK$’000)                                     
  Director’s quarters      Lessor is a company owned by Mr. Li and his spouse                              600                              600      600      77  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Hong Kong office         Lessor is Mr. Li and his spouse                                                 -                                600      600      77  

In
December 2022, FIL sold its headquarter and sales office in Hong Kong to Mr. Li, the Company’s Executive Director and sole shareholder
at that moment, at a consideration of HK$ 13,880,000 1,349,000 12,531,000 13,880,000 10,000,000

After
the disposal of the office, FIL continued to occupy the office and entered into a lease agreement with Mr. Li to lease this office for
an initial term of two ( 2 50,000 2 50,000

Note
11Employee benefits government plan

The
Company participates in a government-mandated multi