Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 116

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 6
Chunk 116
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 policy (the “ Cybersecurity Policy”) and further approved
that the Audit Committee will have full authority and powers to implement the Cybersecurity Policy. The Audit Committee Charter provides
the members of the Audit Committee with authorization and authority to conduct continuous analysis of and review for any potential cybersecurity
risks as part of the Company’s overall risk management program and to create a cyber-resilient organization, which will contribute
to the value preservation of the Company. The Audit Committee Charter further provides authority and responsibility to the members of
the Audit Committee to: (i) understand the economic drivers and impact of cyber risk, including the financial impact on our Company;
(ii) align cyber-risk management policies with our business needs by integrating cyber-risk analysis into significant business decisions;
(iii) ensure our organizational structure supports cybersecurity goals; and (iv) incorporate cybersecurity expertise into Board governance.

For additional information regarding
our Cybersecurity Policy, please refer to Exhibit 4.4 to our Annual Report on Form 20-F filed with the SEC on April 29, 2024.

  70  

Compensation committee

Wang Zhiyong, Zhang Peng and Dai
Lei, all of whom are Independent Non-Executive Directors, serve on the compensation committee, which is chaired by Dai Lei. Our Board
of Directors has determined that each such member satisfies the “independence” requirements of Rule 5605(a)(2) of the Listing
Rules of the Nasdaq Stock Market. The compensation committee’s responsibilities include:

  evaluating the performance of our Chief Executive Officer in light of our Company’s corporate goals and objectives and based on such evaluation: (i) recommending to the Board of Directors the c...  
  reviewing and recommending to the Board of Directors the cash compensation of our other executive officers;                                                                                           
  reviewing and establishing our overall management compensation, philosophy and policy;                                                                                                                
  overseeing and administering our compensation and similar plans;                                                                                                                                      
  reviewing and approving the retention or termination of any consulting firm or outside advisor to assist in the evaluation of compensation matters and evaluating and assessing potential and cur...  
  retaining and approving the compensation of any compensation advisors;                                                                                                                                
  reviewing and approving our policies and procedures for the grant of equity-based awards;                                                                                                             
  reviewing and recommending to the Board of Directors the compensation of our directors;                                                                                                               
  Reviewing and determining the necessity for recovery of certain incentive compensation previously paid to the Company’s officers and directors in the event of a restatement of the Company’s fin...  
  preparing the