Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 149

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 10
Chunk 149
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 foreign currency
generally will be treated as ordinary income or loss to such U. S. Holder and generally will be income or loss from sources within the
United States for foreign tax credit limitation purposes. U. S. Holders should consult their own tax advisors regarding the treatment of
foreign currency gain or loss, if any, on any foreign currency received by a U. S. Holder that is converted into U. S. dollars on a date
subsequent to receipt.

Sale or Other Disposition
of Ordinary Shares

A U. S.
Holder will generally recognize capital gain or loss upon a sale or other disposition of Ordinary Shares, in an amount equal to the difference
between the amount realized and the U. S. Holder’s adjusted tax basis, determined for federal income tax purposes, in such Ordinary
Shares, each amount determined in U. S. dollars. Any capital gain or loss will be long-term capital gain or loss if the Ordinary Shares
have been held for more than one year and will generally be United States source gain or loss for United States foreign tax credit purposes.
The deductibility of a capital loss may be subject to limitations, particularly with regard to shareholders who are individuals. Each
U. S. Holder is advised to consult its tax advisor regarding the tax consequences if a foreign tax is imposed on a disposition of our Ordinary
Shares, including the availability of the foreign tax credit under its particular circumstances.

A U. S.
Holder that receives a currency other than U. S. dollars on the disposition of our Ordinary Shares will realize an amount equal to the
U. S. dollar value of the non-U. S. currency received at the spot rate on the date of sale (or, if the Ordinary Shares are traded on a recognized
exchange and in the case of cash basis and electing accrual basis U. S. Holders, the settlement date). An accrual basis U. S. Holder that
does not elect to determine the amount realized using the spot rate on the settlement date will recognize foreign currency gain or loss
equal to the difference between the U. S. dollar value of the amount received based on the spot market exchange rates in effect on the
date of sale or other disposition and the settlement date. A U. S. Holder will have a tax basis in the currency received equal to the U. S.
dollar value of the currency received on the settlement date. Any gain or loss on a subsequent disposition or conversion of the currency
will be United States source ordinary income