Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 147

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 10
Chunk 147
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 advisor regarding the United States federal, state, local, and non-United States income and
other tax considerations of an investment in our Ordinary Shares.

General

For purposes
of this discussion, a “ U. S. Holder” is a beneficial owner of our Ordinary Shares that is, for United States federal income
tax purposes, (i) an individual who is a citizen or resident of the United States, (ii) a corporation (or other entity treated as a corporation
for United States federal income tax purposes) created in, or organized under the laws of, the United States or any state thereof or the
District of Columbia, (iii) an estate the income of which is includible in gross income for United States federal income tax purposes
regardless of its source, or (iv) a trust (A) the administration of which is subject to the primary supervision of a United States court
and which has one or more United States persons who have the authority to control all substantial decisions of the trust or (B) that has
otherwise validly elected to be treated as a United States person under the Code.

If a
partnership (or other entity or arrangement treated as a partnership for United States federal income tax purposes) is a beneficial owner
of our Ordinary Shares, the tax treatment of a partner in the partnership will generally depend upon the status of the partner as a U. S.
Holder, as described above, and the activities of the partnership. Partnerships holding our Ordinary Shares and partners in such partnerships
are urged to consult their tax advisors as to the particular United States federal income tax consequences of an investment in our Ordinary
Shares.

  90  

Dividend s

The entire
amount of any cash distribution paid with respect to our Ordinary Shares (including the amount of any non-U. S. taxes withheld therefrom,
if any) generally will constitute dividends to the extent such distributions are paid out of our current or accumulated earnings and profits,
as determined under United States federal income tax principles, and generally will be taxed as ordinary income in the year received by
such U. S. Holder. To the extent amounts paid as distributions on the Ordinary Shares exceed our current or accumulated earnings and profits,
such distributions will not be dividends but instead will be treated first as a tax-free return of capital to the extent of the U. S. Holder’s
adjusted tax basis, determined for federal income tax purposes, in the Ordinary Shares with respect to which the distribution is made,
and thereafter as capital gain. However,