Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 119

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 6
Chunk 119
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 to the extent required by applicable U. S. federal securities laws
and the Nasdaq corporate governance rules.

Compensation of Directors
and Senior Management/Executive Personnel

Our directors and members of our
senior management receive compensation in the form of salaries, allowances, bonuses and other benefits-in-kind, including our contribution
to the pension scheme. Our compensation committee determines the salaries of our directors and members of our senior management based
on their qualifications, positions and seniority.

Notwithstanding the below compensation
table: (i) no remuneration was paid to our directors or the five highest paid individuals as an inducement to join, or upon joining, our
Group; (ii) no compensation was paid to, or receivable by, our directors or past directors or the five highest paid individuals during
the fiscal years ended December 31, 2024, 2023 and 2022 for the loss of office as director of any member of our Group or of any other
office in connection with the management of the affairs of any member of our Group; and (iii) none of our directors waived any emoluments
during the same period. Notwithstanding the below compensation table, no director has been paid in cash or shares or otherwise by any
person either to induce him to become, or to qualify him as a director, or otherwise for service rendered by him in connection with the
promotion or formation of us.

  72  

The following table summarizes
all compensation received by our current and previous directors, executive officers and key employees during the fiscal years ended December
31, 2022, 2023 and 2024.

Summary Compensation Table

                                                                                  Compensation Paid                               
  Name and Principal Position                                                                  Year                               
  Current Executive Officers, Directors                                                                                           
  Huang Hongwu, CEO, President, COO,                                                           2022      Nil        Nil      Nil  
  Executive Director and Chairman of the                                                       2023      Nil        Nil      Nil  
  Board (2)                                                                                    2024      Nil        Nil      Nil  
  Wang Xuefei, CFO, Treasurer, Secretary                                                       2022      Nil        Nil      Nil  
  and Executive Director (2)                                                                   2023      Nil        Nil      Nil  
                                                                                               2024      Nil        Nil      Nil  
  Li Siu Lun Allan, Executive Director and                                                     2022      1,040      Nil      18   
  Former CEO and Chairman of the Board (3)                                                     2023