Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 134

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 10
Chunk 134
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 transfer (except when permitted by Nasdaq) and shall also be free from all liens.

Procedures on liquidation

A resolution that our Company
be wound up by the court or be wound up voluntarily shall be a special resolution of our shareholders.

Subject to any special rights,
privileges, or restrictions as to the distribution of available surplus assets on liquidation for the time being attached to any class
or classes of shares:

  (i)       if our Company is wound up, the surplus assets remaining after payment to all creditors shall be divided among the members in proportion to the capital paid-up on the shares held by them respec...  
  (ii)      if our Company is wound up and the surplus assets available for distribution among the members are insufficient to repay the whole of the paid-up capital, such assets shall be distributed, subj...  

If our Company is wound up (whether
the liquidation is voluntary or compelled by the court), the liquidator may, with the sanction of a special resolution and any other sanction
required by the Companies Act, divide among the members in specie or kind the whole or any part of the assets of our Company, whether
the assets consist of property of one kind or different kinds, and the liquidator may, for such purpose, set such value as he deems fair
upon any one or more class or classes of property to be so divided and may determine how such division shall be carried out as between
the members or different classes of members and the members within each class. The liquidator may, with the like sanction, vest any part
of the assets in trustees upon such trusts for the benefit of members as the liquidator thinks fit, but so that no member shall be compelled
to accept any shares or other property upon which there is a liability.

Calls on Ordinary Shares and
Forfeiture of Ordinary Shares

Subject to these Articles and
to the terms of allotment, our Board of Directors may, from time to time, make such calls as it thinks fit upon the members in respect
of any monies unpaid on the shares held by them respectively (whether on account of the nominal value of the shares or by way of premium)
and not by the conditions of allotment of such shares made payable at fixed times. A call may be made payable either in one sum or by
instalments. If the sum payable in respect of any call or instalment is not paid on or before the day appointed for payment thereof, the
person or persons from