Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 105

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 5
Chunk 105
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, interest on lease
liabilities of HK$0.5 million and gain on disposal of property, plant and equipment of HK$12.5 million. Change in operating activities
mainly included a decrease in accounts receivable of HK$10.2 million, an increase in other payables and accrued liabilities of HK$0.3
million and a decrease in inventories of HK$4.2 million that were partially offset by a decrease in prepaid expenses and other current
assets of HK$3.0 million, a decrease in accounts payable of HK$2.3 million and payment on lease of HK$6.0 million.

Cash used in investing activities:

For the fiscal year ended December
31, 2024, net cash used in investing activities was HK$0.4 million (US$52,000) for the purchase of property, plant and equipment.

For the fiscal year ended December
31, 2023, net cash used in investing activities was HK$0.3 million for the purchase of property, plant and equipment.

For the fiscal year ended December 31, 2022, net cash used in investing activities was HK$0.6 million for the purchase of property, plant,
and equipment.

Cash provided by financing activities:

For the fiscal year ended December
31, 2024, net cash from financing activities of HK$2.7 million (US$0.4 million) was mainly due to the proceeds from issuance of ordinary
shares of HK$2.1 million (US$0.3 million and the advances from related parties of HK$0.6 million (US$83,000).

For the fiscal year ended December 31, 2023, net cash from financing activities of HK$23.3 million was mainly due to the proceeds from
issuance of ordinary shares of HK$26.0 million and partially offset by the advances to related parties of HK$2.7 million.

For the fiscal year ended December 31, 2022, net cash from financing activities of HK$5.0 million represented the advance from related
parties.

The following table sets forth
a summary of the Company’s working capital as of December 31, 2024 and 2023:

                           As of December 31,                                                                
                           2023                                2024                     2024                 
                           HK$’000                             HK$’000                  US$’000              
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