Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 146

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 10
Chunk 146
---
 directors
may deem relevant. In addition, we are a holding company and depend on the receipt of dividends and other distributions from our subsidiaries
to pay dividends on our Ordinary Shares.

Exchange Controls

There
are no foreign exchange controls or foreign exchange regulations under current applicable laws of the various places of incorporation
of our significant subsidiaries that would affect the payment or remittance of dividends.

Taxation

United States Federal Income Tax Considerations

The following discussion is a
summary of U. S. federal income tax considerations generally applicable to the ownership and disposition of our Ordinary Shares by U. S.
Holders (as defined below) who acquired our Ordinary Shares in the IPO and currently hold our Ordinary Shares as “capital assets”
(generally, property held for investment) under the United States Internal Revenue Code of 1986, as amended (the “ Code”).
This discussion is based upon existing United States federal income tax law, which is subject to differing interpretations or change,
possibly with retroactive effect. There can be no assurance that the Internal Revenue Service, or the IRS, or a court will not take a
contrary position. This discussion does not address all aspects of United States federal income taxation that may be relevant to particular
investors in light of their specific circumstances, including investors subject to special tax rules (for example, certain financial institutions
(including banks), cooperatives, pension plans, insurance companies, broker-dealers, traders in securities that have elected the mark-to-market
method of accounting for their securities, partnerships and their partners, regulated investment companies, real estate investment trusts
and tax-exempt organizations (including private foundations)), investors who are not U. S. Holders, investors who own (directly, indirectly,
or constructively) 10% or more of our stock (by vote or value), investors that will hold their Ordinary Shares as part of a straddle,
hedge, conversion, constructive sale, or other integrated transaction for United States federal income tax purposes or U. S. Holders that
have a functional currency other than the U. S. dollar, all of whom may be subject to tax rules that differ significantly from those summarized
below. In addition, this discussion does not discuss any non-United States tax, state or local tax, or non-income tax (such as the U. S.
federal gift or estate tax) considerations, or any consequences under the alternative minimum tax or Medicare tax on net investment income.
Each U. S. Holder is urged to consult its tax