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

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 3
Chunk 14
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 On October 14, 2020,
the U. S. State Department submitted to relevant committees of Congress the report required under the HKAA, identifying persons
materially contributing to “the failure of the Government of China to meet its obligations under the Joint Declaration or the
Basic Law.” The HKAA further authorizes secondary sanctions, including the imposition of blocking sanctions, against foreign
financial institutions that knowingly conduct a significant transaction with foreign persons sanctioned under this authority. The
imposition of sanctions may directly affect foreign financial institutions as well as any third parties or customers dealing with
any foreign financial institution that is targeted. It is difficult to predict the full impact of the Hong Kong National Security
Law and HKAA on Hong Kong and companies located in Hong Kong. If any of our Operating Subsidiaries are determined to be in violation
of the Hong Kong National Security Law or the HKAA by competent authorities, our business operations, financial position and results
of operations could be materially and adversely affected.

Our
business depends on our ability to collect, use, maintain and otherwise process data, including personal data, relating to the production
of our products, the engineering and design of new products and product lines and sales and marketing efforts. Any limitation imposed
on our collection, use, maintenance or other processing of this data could significantly diminish the value of our Company and cause us
to lose revenue. Compliance with Hong Kong’s Personal Data (Privacy) Ordinance and any other regulations, legislation or self-regulations
relating to data protection, data privacy, cybersecurity, e-commerce and advertising may entail significant expenses. Uncertainties regarding
the application or interpretation of existing or newly adopted laws and regulations could also threaten our ability to collect, use, maintain
and otherwise process this data which, in turn, could materially harm our business and subject us to significant costs and legal liability
for non-compliance.

Our Operating Subsidiaries’
business and operations in Hong Kong are subject to data privacy related laws and regulations. In particular, the Personal Data (Privacy)
Ordinance (Chapter 486 of the laws of Hong Kong) (“ PDPO”) imposes a duty on any data user who, either alone or jointly with
other persons, controls the collection, holding, processing or use of any personal data which relates directly or indirectly to a living
individual and can be used to identify that individual. Under the PDPO, data users shall take all practicable steps to protect the personal
data they hold from any unauthorized or accidental access