Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 83

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 4
Chunk 83
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 duration of the military action, sanctions and resulting market disruptions
are impossible to predict, but could be substantial. Any such disruptions caused by Russian military action or resulting sanctions may
magnify the impact of other risks described herein. We cannot predict the progress or outcome of the situation in Ukraine, as the conflict
and governmental reactions are rapidly developing and beyond their control. Prolonged unrest intensified military activities or more extensive
sanctions impacting the region could have a material adverse effect on the global economy. However, we do not anticipate that such activities
will have a disproportionate material adverse effect on our operations, results of operations, financial condition, liquidity, and business
outlook since:

  we have multiple sources for raw materials and parts and are able to stockpile inventories in the event that we anticipate shortages  
  we do not anticipate challenges sourcing raw materials as none are sourced from Russia, Belarus, Ukraine or Western China             
  we have adequate sources of labor and do not anticipate labor shortages                                                               
  we are able to adjust our production capacity to meet surges or declines in consumer demand                                           

Regulatory Environments

PRC Laws and Regulations

A summary of the laws and regulations
which are material to our Operating Subsidiaries’ operations in the personal care electric appliance industry in the PRC are as
follows: Laws and Regulations Relating to Foreign Investment The establishment, operation, and management of corporate entities in the
PRC are governed by the Company Law of the PRC (the “ PRC Company Law”). The PRC Company Law generally governs two types of
companies: limited liability companies and joint stock limited companies. Both types of companies have the status of legal persons, and
the liability of shareholders of a limited liability company and a joint stock limited company is limited to the amount of registered
capital they have contributed. The PRC Company Law shall also apply to foreign-invested companies. Where laws on foreign investment have
other stipulations, such stipulations shall apply.

Laws and Regulations Relating to Foreign Investment

The establishment procedures,
approval procedures, registered capital requirements, foreign exchange matters, accounting practices, taxation, and labor matters of FPPF
are regulated by the Foreign-invested Enterprise Law of the PRC (the “ FIE Law”) and the Regulations for the Implementation
of the Foreign-invested Enterprise Law of the PRC. Investment in the PRC conducted by foreign investors and foreign-owned enterprises
shall comply with the Special Management Measures (Negative List)