Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 88

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 4
Chunk 88
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, signed by the People’s Republic of China with foreign
countries, including the Arrangement between Mainland China and the Hong Kong Special Administrative Region for Avoidance of Double Taxation
and Prevention of Tax Evasion.

  54  

According to the Notice on Certain
Issues with Respect to the Enforcement of Dividend Provisions in Tax Treaties, if the relevant PRC tax authorities determine, in their
discretion, that a company benefits from such reduced income tax rate due to a structure or arrangement that is primarily tax-driven,
such PRC tax authorities may adjust the preferential tax treatment. Pursuant to the Announcement of the State Administration of Taxation
on Issues Relating to Withholding at Source of Income Tax of Non-resident Enterprises, when the withholding agent enters into a business
contract with a non-resident enterprise in relation to income derived from or accruing in the PRC, where the non-resident enterprise has
no office or premises established in the PRC or the income derived or accrued has no de facto relationship with the office or premises
established, if the contract stipulates that the withholding agent shall bear the tax payable amount, the tax-exclusive income amount
derived by the non-resident enterprise shall be converted to a tax-inclusive income amount and the tax withheld shall be turned over.
Where the income subject to withholding at source derived by a non-resident enterprise is equity investment income such as dividends and
bonuses, the date of occurrence of withholding obligation for the relevant tax payable amount shall be the date of actual payment of equity
investment income such as dividends and bonuses.

Hong Kong Laws and Regulations

Hong Kong Regulations Related to Services Providers

Business registration requirement. The Business Registration Ordinance (Chapter 310 of the Laws of Hong Kong) requires every person carrying on any business to make
an application to the Commissioner of Inland Revenue in the prescribed manner for the registration of that business. The Commissioner
of Inland Revenue must register each business for which a business registration application is made and as soon as practicable after the
prescribed business registration fee and levy are paid and issue a business registration certificate or branch registration certificate
for the relevant business or the relevant branch, as the case may be.

As of the date of this Annual
Report, AIL and FIL hold valid business registration certificates.

Regulations related to employment and labor protection

Employment Ordinance (Chapter
57 of the Laws of Hong Kong). The Employment Ordinance (Chapter 57 of the Laws of Hong Kong), or