Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 89

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 4
Chunk 89
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 the EO, is an ordinance enacted
for, amongst other things, the protection of the wages of employees and the regulation of the general conditions of employment and employment
agencies. Under the EO, an employee is generally entitled to, amongst other things, notice of termination of his or her employment contract;
payment in lieu of notice; maternity protection in the case of a pregnant employee; not less than one rest day in every period of seven
days; severance payments or long service payments; sickness allowance; statutory holidays or alternative holidays; and paid annual leave
of up to 14 days depending on the period of employment.

As of the date of this Annual
Report, AIL and FIL have complied with the provisions under the EO.

Employees’ Compensation
Ordinance (Chapter 282 of the Laws of Hong Kong). The Employees’ Compensation Ordinance (Chapter 282 of the Laws of Hong
Kong), or the ECO, is an ordinance enacted for the purpose of providing for the payment of compensation to employees injured in the course
of employment. As stipulated by the ECO, no employer shall employ any employee in any employment unless there is in force in relation
to such employee a policy of insurance issued by an insurer for an amount not less than the applicable amount specified in the Fourth
Schedule of the ECO in respect of the liability of the employer. According to the Fourth Schedule of the ECO, the insured amount shall
be not less than HKD100,000,000 per event if a company has no more than 200 employees. Any employer who contravenes this requirement
commits a criminal offence and is liable on conviction to a fine and imprisonment. An employer who has taken out an insurance policy
under the ECO is required to display a prescribed notice of insurance in a conspicuous place on each of its premises where any employee
is employed.

As of the date of this Annual
Report, employee compensation insurance has been obtained for all employees of AIL and FIL.

  55  

Mandatory Provident Fund
Schemes Ordinance (Chapter 485 of the Laws of Hong Kong). The Mandatory Provident Fund Schemes Ordinance (Chapter 485 of the Laws
of Hong Kong), or the MPFSO, is an ordinance enacted for the purposes of providing for the establishment of non-governmental mandatory
provident fund schemes, or the MPF Schemes. The MPFSO requires every employer of an employee of 18 years of age or above but under 65