Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 187

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 18
Chunk 187
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-employer defined contribution plan pursuant to which certain retirement, medical
and other welfare benefits are provided to employees. PRC labor regulations require the Company to pay to the local labor bureau a monthly
contribution calculated at a stated contribution rate based on the basic monthly compensation of qualified employees. The relevant local
labor bureau is responsible for meeting all retirement benefit obligations; the Company has no further commitments beyond its monthly
contribution.

Note
12Income taxes

The
provision for income taxes consists of the following:

Schedule of provision income taxes

                                                                           2023         2024                    2024              
                                       For the year ended December 31                                                             
                          2022                                             2023         2024                    2024              
                          HK$’000                                          HK$’000      HK$’000                 US$’000           
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Current tax                                                                                                                     
  - Hong Kong                                                     274                                  686                    88  
  - Other countries                                                38                                1,055                   136  
  Income tax expense                                              312                                1,741                   224  

Reconciliations
between the provision for income taxes computed by applying the Hong Kong profits tax to income before income tax expense are as follows:

Schedule of reconciliation of income before income tax expense

                                                                          HK$’000                                         HK$’000                   HK$’000                             
                                                                          For the year ended December 31,                                                                               
                                                                          2022                                            2023                      2024                                
                                                                          HK$’000                                         HK$’000                   HK$’000                             
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Income (loss) before income tax                                                                              8,965                   ( 1,331                   ( 13,741      ( 1,769  
  Provision for income taxes at Hong Kong profits tax rates of 16.5%                                           1,479                     ( 220                    ( 2,267        ( 291  
  Effect of different tax rates available to different jurisdictions                                           ( 355                       131                      3,162          407  
  Non-deductible expenses and non-taxable income, net                                                          ( 812                         -                       ( 35          ( 5  
  Under provision from prior year                                                                                  -                         -                        590           76  
  Others                                                                                                           -