Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 60

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 4
Chunk 60
---

by the Company with respect to the investment is attached as Exhibit 99.1 to our Report on Form 6-K filed with the SEC on September 3,
2024.

Corporate Structure

Our Company
was incorporated in the Cayman Islands on September 30, 2022 under the Companies Act as an exempted company with limited liability. Effective
November 18, 2022, our Group completed a reorganization to consolidate its business operations in Hong Kong and the PRC into an offshore
corporate holding structure to expand our manufacturing and sales operations and in anticipation of listing on a recognized securities
market (the “ Reorganization”). Following the Reorganization, on August 11, 2023, LMIL completed a private placement of an
aggregate of 2,000,000 Ordinary Shares owned by it at a price of $2.50 per share to: Yuk Tong Lam (500,000 Ordinary Shares), Majestic
Dragon Investment Co. Limited (500,000 Ordinary Shares), Top Dragon International Limited (300,000 Ordinary Shares), Smart Tech Group
Limited (300,000 Ordinary Shares), and Power Ocean Ventures Limited (400,000 Ordinary Shares).

  35  

Therefore, as a result of the
Reorganization, the private placement and the change in control described above, (i) LMIL, which is 100% owned by Mr. Hongwu Huang and
Ms. Xuefei Wang, owns 72.32% of our Company; (ii) our Company is a holding company and owns 100% of RLHL; (iii) RLHL owns 100% of FIL
and AIL; and (iv) FIL owns 100% of FPPF. We do not utilize a variable interest entity (“ VIE”)
structure.

Initial Public Offering. On
December 1, 2023, we closed on our IPO of 1,000,000 Ordinary Shares at a public offering price of $5.00 for total gross proceeds of
$5,000,000 and on January 16, 2025, we closed on the sale of an additional 62,500 Ordinary Shares pursuant to the partial exercise
of the underwriter’s over-allotment option for additional gross proceeds of $312,500. On November 30, 2023, we commenced the listing of our Ordinary Shares on the Nasdaq Capital Market under the
ticker symbol “ FEBO.” The primary reason for our IPO and listing on the Nasdaq Capital Market