Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 136

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 10
Chunk 136
---
 payment at such rate not exceeding 20% per annum
as our Board of Directors may prescribe.

Redemption of Ordinary Shares

Subject to the Companies Act,
our Articles of Association, and, where applicable, the Nasdaq listing rules or any other law or so far as not prohibited by any law and
subject to any rights conferred on the holders of any class of Shares, any power of our Company to purchase or otherwise acquire all or
any of its own Shares (which expression as used in this Article includes redeemable Shares) be exercisable by our Board of Directors in
such manner, upon such terms and subject to such conditions as it thinks fit.

Subject to the Companies Act,
our Articles of Association, and to any special rights conferred on the holders of any Shares or attaching to any class of Shares, Shares
may be issued on the terms that they may, at the option of our Company or the holders thereof, be liable to be redeemed on such terms
and in such manner, including out of capital, as our Board of Directors may deem fit.

Variations of Rights of Shares

Subject to the Companies Act and
without prejudice to our Articles of Association, if at any time the share capital of our Company is divided into different classes of
shares, all or any of the special rights attached to any class of shares may (unless otherwise provided for by the terms of issue of the
shares of that class) be varied, modified, or abrogated with the sanction of a special resolution passed at a separate general meeting
of the holders of the shares of that class. The provisions of the Articles relating to general meetings shall mutatis mutandis apply to
every such separate general meeting, but so that the necessary quorum (whether at a separate general meeting or at its adjourned meeting)
shall be not less than a person or persons together holding (or, in the case of a member being a corporation, by our duly authorized representative)
or representing by proxy not less than one-third in nominal value of the issued shares of that class. Every holder of shares of the class
shall be entitled on a poll to one vote for every such share held by him, and any holder of shares of the class present in person or by
proxy may demand a poll.

  83  

Any special rights conferred upon
the holders of any shares or class of shares shall not, unless otherwise expressly provided in the rights attaching to the terms of issue
of such shares, be deemed to be varied by the creation or issue