Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 100

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 5
Chunk 100
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 comprised of the following items during the years indicated:

                                                              For the years ended December 31,                                                            
                                                                                          2022                                                            
                                                                                       HK$’000                                                            
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Staff costs, including directors’ remuneration                                         8,572      10,252      13,814      1,778       3,562       34.7  
  Depreciation                                                                           1,691       2,170       2,586        332         416       19.2  
  Office and insurance expenses                                                          1,484       1,569       2,265        292         696       44.4  
  Motor vehicles and travelling expenses                                                   458         861       1,319        190         458       53.2  
  Stamp duty and other taxes                                                               534         419         242         31        (177      (42.2  
  Utility expenses                                                                         467         476         489         63          13        2.7  
  Legal and professional fees and auditor’s remuneration                                 4,729       2,870      12,955      1,668      10,085      351.4  
  Others                                                                                 1,304       1,918       2,721        330         803       41.9  
  Total                                                                                 19,239      20,535      36,391      4,684      15,856       77.2  

General and administrative expenses
increased by HK$15.9 million from HK$20.5 million for the fiscal year ended December 31, 2023 to HK$36.4 million (US$4.7 million) for
the fiscal year ended December 31, 2024. This increase was due mainly to the increase in legal and professional fee (including the marketing
consultancy fee paid) and staff costs as a result of the expansion in the Group’s business during the fiscal year ended December
31, 2024.

General and administrative expenses
increased by HK$1.3 million from HK$19.2 million for the fiscal year ended December 31, 2022 to HK$20.5 million (US$2.6 million) for the
fiscal