Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 151

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 10
Chunk 151
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 make to the U. S. Holder (which generally means any distribution paid during a taxable year to a U. S. Holder that is greater than
125% of the average annual distributions paid in the three preceding taxable years or, if shorter, the U. S. Holder’s holding period
for the Ordinary Shares); and (ii) any gain realized on the sale or other disposition, including, under certain circumstances, a pledge,
of Ordinary Shares. Under the PFIC rules:

  such excess distribution and/or gain will be allocated ratably over the U. S. Holder’s holding period for the Ordinary Shares;                                                                        
  such amount allocated to the current taxable year and any taxable years in the U. S. Holder’s holding period prior to the first taxable year in which we are a PFIC, each a pre-PFIC year, will b...  
  such amount allocated to each prior taxable year, other than a pre-PFIC year, will be subject to tax at the highest tax rate in effect applicable to the U. S. Holder for that year; and              
  an interest charge generally applicable to underpayments of tax will be imposed on the tax attributable to each prior taxable year, other than a pre-PFIC year.                                       

If we
are a PFIC for any taxable year during which a U. S. Holder holds our Ordinary Shares, and we own any equity in a non-United States entity
that is also a PFIC, or a lower-tier PFIC, such U. S. Holder would be treated as owning a proportionate amount (by value) of the shares
of the lower-tier PFIC for purposes of the application of these rules. U. S. Holders are advised to consult their tax advisors regarding
the application of the PFIC rules to any of the entities in which we may own equity.

As an
alternative to the foregoing rules, a U. S. Holder of “marketable stock” in a PFIC may make a mark-to-market election with
respect to such stock, provided that certain requirements are met. The mark-to-market election is available only for stock that is regularly
traded on a national securities exchange that is registered with the SEC, or on a foreign exchange or market that the IRS determines is
a qualified exchange that has rules sufficient to ensure that the market price represents a legitimate and sound fair market value. Although
we intend to apply for the listing of our Ordinary Shares on Nasdaq, we cannot guarantee that our listing