Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 75

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 4
Chunk 75
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 and lines available for its potential customers, other than Spectrum Brands.

Penetration and further
expansion into new and existing geographic markets. Leveraging on the existing multinational nature and reputation of its sole
customer, the Group plans to establish business relationships with more overseas customers, such as in the United States, with a view
to broadening the Group’s customer base and the market coverage of its products.

For the purpose of
penetration into the Group’s new or developing markets, such as the United States, the Group intends to strengthen its sales
force by recruiting new sales and marketing staff to solicit potential customers for the Group from these markets.

Licenses, Permits and Approvals

Our Operating Subsidiaries are
required to obtain and maintain certain licenses and permits for their business operations.

The following table sets forth
the licenses and/or approvals our Operating Subsidiaries obtained in respect of their operations in the PRC as of the date of this Annual
Report.

  46  

  Group member                                         Licenses/records                 Expiry date       
  Fenbo Plastic Products Factory (Shenzhen) Ltd.,      Business License                 October 26, 2060  
  Fenbo Plastic Products Factory (Shenzhen) Ltd.,      Sewage Discharge Permission      June 9, 2028      
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────

Our PRC legal advisers have confirmed
that, as of the date of this Annual Report, our Operating Subsidiaries have obtained and renewed all substantial and necessary licenses
and approvals that are material for their business operations in the PRC from the relevant authorities of the PRC governments.

Some of our Operating Subsidiaries’
licenses and permits are subject to renewal. Our Operating Subsidiaries intend to renew all existing licenses and permits before their
respective expiry dates or to obtain any additional licenses and permits if necessary. Our Operating Subsidiaries have not experienced
any refusal to renew the licenses and permits necessary for their operation during the fiscal years ended December 31, 2024, 2023 and
2022.

Insurance

Management exercises prudent risk
management control through the maintenance of various insurance plans for the purpose of covering against different aspects of risks,
including:

1. Product liability insurance - product liability
insurance for most of the Company’s products against possible claims relating to personal injury or damage to property arising from
the product manufactured by it.

2. Property all risk insurance - covers the
Company’s