Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 92

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 5
Chunk 92
---
Item 5. Operating and Financial Review and Prospects

The following discussion and analysis
of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and related
notes included elsewhere in this Annual Report. This discussion and analysis and other parts of this Annual Report contain forward-looking
statements based upon current beliefs, plans and expectations that involve risks, uncertainties and assumptions. Our actual results and
the timing of selected events could differ materially from those anticipated in these forward-looking statements as a result of several
factors, including those set forth under “ Risk Factors” and elsewhere in this Annual Report. You should carefully read the
“ Risk Factors” section of this Annual Report in Item 3. - “ Key Information” to gain an understanding of the important
factors that could cause actual results to differ materially from our forward-looking statements.

Overview

Fenbo Holdings Limited is a holding
company incorporated on September 30, 2022 under the laws of the Cayman Islands. The Company has no substantial operations other than
holding all of the outstanding share capital of Rich Legend Holdings Limited (“ RLHL”) which was incorporated under the laws
of the BVI on October 21, 2022. RLHL is the holding company holding all the equity in (i) Fenbo Industries Ltd. (“ FIL”), a
Hong Kong company incorporated on June 17, 1993; and (ii) Able Industries Ltd. (“ AIL”), a Hong Kong company incorporated on
November 7, 2005 and one of our Operating Subsidiaries. FIL is the holding company holding all the equity in Fenbo Plastic Products Factory
(Shenzhen) Ltd. (“ FPPF”), a company incorporated on October 19, 2010 under the laws of the PRC, which is one of our Operating
Subsidiaries and which conducts business operations in the PRC. The Company, through FIL, AIL and FPPF, has served as an OEM for Spectrum
Brands, a global home essentials company and its sole customer, producing electrical hair styling products under the “ Remington”
brand, which Spectrum Brands has the right to use, which are currently sold in Europe, the United States and Latin America. The Company’s
headquarters is located in Hong Kong, China. The “ Company” in the foregoing discussion titled “ Operating and Financial
Review and Prospects” refers to the Group and its subsidiaries reflecting the applicable information on a consolidated basis, unless
the context