Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 27

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 3
Chunk 27
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 shifts in shopping patterns
related to COVID-19, which has resulted in carrier-imposed capacity restrictions, carrier delays and longer lead times for our products.
Failure to deliver products to our key customer in a timely and effective manner could damage our reputation and result in the loss of
our key customer or reduced orders, which could have a material adverse effect on our business, operating results and financial condition.

To compete successfully in the global marketplace,
we must develop and introduce innovative new products to meet changing consumer preferences.

Our long-term success in the competitive
personal care electric appliance industry depends on our ability to develop and commercialize a continuing stream of innovative new products
that meet changing consumer preferences and take advantage of opportunities sooner than our competition. We face the risk that our competitors
will introduce innovative new products that compete with our products. There are numerous uncertainties inherent in successfully developing
and commercializing new products on a continuing basis and new product launches may not deliver expected growth in sales or operating
income. If we are unable to develop and introduce a continuing stream of competitive new products it may have an adverse effect on our
business, operating results and financial condition.

Our Operating Subsidiaries may not be able to
obtain or maintain all necessary licenses, permits and approvals and to make all necessary registrations and filings for their business
activities in multiple jurisdictions and related to residents.

In accordance with the relevant
laws and regulations in the PRC, our PRC Operating Subsidiary is required to maintain various approvals, licenses and permits to operate
its business, including, but not limited to, business licenses. These approvals, licenses and permits are obtained upon satisfactory compliance
with, among other things, the applicable laws and regulations.

Our PRC Operating Subsidiary may
be subject to a large number of regulatory measures imposed by various governmental entities in the PRC as follows: (i) Regulations Relating
to Competition; (ii) Electronic Commerce Law; (iii) Regulations Relating to Intellectual Property: Copyright, Trademark, Patent and Domain
Name; (iv) Regulations on Offshore Parent Holding Companies’ Direct Investment in and Loans to their PRC Subsidiaries; (v) Regulations
Relating to Foreign Exchange; (vi) Regulations Relating to Dividend Distributions; (vii) Regulations Relating to Overseas Listings; (viii)
Regulations Relating to Employment; (ix) Regulations Relating to Customer Rights Protection; and (x) Regulations Relating to Tax: Income
Tax