Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 79

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 4
Chunk 79
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 and requirements of the
work and tailored in line with their roles and responsibilities. Most training is undertaken by our internal staff, but if necessary for
the effectiveness of the training, outside professionals are also hired to conduct trainings as well.

Labor unions, labor and safety incidents

Our Operating Subsidiaries have
not set up labor union for employees in Hong Kong or in the PRC. Our Operating Subsidiaries strive to maintain good relationships with
their employees and provide them with a safe working environment. During the fiscal years ended December 31, 2024, 2023 and 2022 and through
the date of this Annual Report, our Operating Subsidiaries did not experience any form of industrial action of their employees or any
work safety related incidents that led to the material disruption of operations or to claims against our Operating Subsidiaries.

Welfare or mandatory contribution

In Hong Kong, our Operating Subsidiaries
operate a defined contribution mandatory provident fund retirement benefits scheme under the Mandatory Provident Fund Schemes Ordinance
(Chapter 485 of the Laws of Hong Kong) for all of their employees in Hong Kong who are eligible to participate in the scheme. Under the
relevant PRC laws and regulations, our Operating Subsidiaries are required to participate in social welfare schemes, which provide pension
insurance, medical insurance, work injury insurance, maternity insurance and unemployment insurance as well as the coverage of housing
provident funds for our Operating Subsidiaries’ employees in the PRC.

Intellectual Property

Our Operating Subsidiaries regard
their trademarks, trade secrets, domain names, copyrights, know-how, proprietary technologies and similar intellectual property as critical
to their business. As of the date of this Annual Report, we have 1 trademark, the Company’s logo, as registered with the Trade Marks
Registry Intellectual Property Department of Hong Kong, and one domain name.

Our Properties

Our headquarters and sales office
in Hong Kong are located in an approximately 2,858 sq. foot office located in an industrial building. The office was owned by FIL from
July 1999 until December 2022 when FIL sold it to Mr. Li Kin Shing, the Company’s then CEO, Executive Director and sole shareholder,
for a consideration of HK$13,880,000. We have leased the office from Mr. Li Kin Shing at market rent since January 2023. The lease for
the property was for a fixed term of two (2