Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 135

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 10
Chunk 135
---
 whom the sum is due shall pay interest on the same at such rate not exceeding 20% per annum as our Board of Directors
shall fix from the day appointed for payment to the time of actual payment, but our Board of Directors may waive payment of such interest
wholly or in part. Our Board of Directors may, if it thinks fit, receive from any member willing to advance the same, either in money
or money’s worth, all or any part of the money uncalled and unpaid or instalments payable upon any shares held by him, and in respect
of all or any of the monies so advanced our Company may pay interest at such rate (if any) not exceeding 20% per annum as our Board of
Directors may decide.

  82  

If a member fails to pay any call
or installment of a call on the day appointed for payment, our Board of Directors may, for so long as any part of the call or instalment
remains unpaid, serve not less than 14 days’ notice on the member requiring payment of so much of the call or instalment as is unpaid,
together with any interest which may have accrued and which may still accrue up to the date of actual payment. The notice shall name a
further day (not earlier than the expiration of 14 days from the date of the notice) on or before which the payment required by the notice
is to be made and shall also name the place where payment is to be made. The notice shall also state that, in the event of non-payment
at or before the appointed time, the shares in respect of which the call was made will be liable to be forfeited.

If the requirements of any such
notice are not complied with, any share in respect of which the notice has been given may at any time thereafter, before the payment required
by the notice has been made, be forfeited by a resolution of our Board of Directors to that effect. Such forfeiture will include all dividends
and bonuses declared in respect of the forfeited share and not actually paid before the forfeiture.

A person whose shares have been
forfeited shall cease to be a member in respect of the forfeited shares but shall, nevertheless, remain liable to pay to our Company all
monies which, at the date of forfeiture, were payable by him to our Company in respect of the shares together with (if our Board of Directors
shall in our discretion so require) interest thereon from the date of forfeiture until