Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 188

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 18
Chunk 188
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 220                        291           37  
  Income tax expense                                                                                             312                       131                      1,741          224  

Cayman
Islands

The
Company was incorporated in the Cayman Islands and is not subject to tax on income or capital gains under the laws of Cayman Islands.
Additionally, the Cayman Islands does not impose a withholding tax on payments of dividends to shareholders.

British
Virgin Islands

RLHL
is incorporated in the British Virgin Islands and not subject to tax on income or capital gains under current British Virgin Islands
law. In addition, upon payments of dividends by these entities to their shareholders, no British Virgin Islands withholding tax will
be imposed.

Hong
Kong

Fenbo
Industries and Able Industries are incorporated in Hong Kong and is subject to Hong Kong Profits Tax on the taxable income as reported
in its statutory financial statements adjusted in accordance with relevant Hong Kong tax laws. The applicable tax rate in Hong Kong is 16.5% for assessable profits.

PRC

Fenbo
SZ is governed by the income tax laws of the PRC and the income tax provision in respect to operations in the PRC is calculated at the
applicable tax rates on the taxable income for the periods based on existing legislation, interpretations and practices in respect thereof.
Under the Enterprise Income Tax Laws of the PRC (the “ EIT Laws”), Chinese enterprises are subject to income tax at a rate
of 25

Note
13Shareholders’ equity

Ordinary
shares

The
Company was established under the laws of Cayman Islands on September 30, 2022. The authorized number of ordinary shares was 300,000,000 0.0001

For
the purpose of undertaking an initial public offering (“ IPO”) of the Company’s ordinary shares, the Company
performed a series of re-organizing transactions resulting in 10,000,000 1,000,000 5.00

The
Company believes it is appropriate to reflect the above transactions as re-denomination and nominal issuance of shares on a retroactive
basis similar to stock split or dividend pursuant to ASC 260. According to the above transactions, the Company has retroactively adjusted
the shares and per share data for all periods presented.

Statutory
reserves

In
accordance with the relevant PRC laws and regulations, the Group’s subsidiaries in the PRC are required to provide for certain
statutory reserves, which are