Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 78

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 4
Chunk 78
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 applicable laws and regulations on environmental protection, health,
and work safety.

Human capital is one of the key
elements of our Operating Subsidiaries’ success. Our Operating Subsidiaries have taken out employees’ compensation insurance
for their staff’s safety. Our Operating Subsidiaries also have adopted a safety and health policy for its employees to follow and
provide safety education and trainings to raise employees’ awareness of safety issues. During the fiscal years ended December 31,
2024, 2023 and 2022, our Operating Subsidiaries did not experience any significant incidents or accidents in relation to employees’
safety or any non-compliance with the applicable laws and regulations relevant to the health and work safety issues.

Employees

The following table sets forth
a breakdown of our employees by function and geographical location as of December 31, 2024:

  Function                           Hong Kong      China                      
                                       Company      Company                    
 ───────────────────────────────────────────────────────────────────────────────
  Management                                 1      6              1        9  
  Sales and Marketing                        1      5              -        7  
  Operation                                  2      -            240      242  
  Warehouse                                  -      -             12       12  
  Accounting and Administration              2      -              8       10  
  Total                                      6      11           261      280  

Recruitment and remuneration

Our Operating Subsidiaries’
success is highly dependent on their employees. Our Operating Subsidiaries recruit employees taking into account their industry experience
and interpersonal skills. Our Operating Subsidiaries hire employees through internal recruitment, from the open market through online
advertisements or by referrals. Our Operating Subsidiaries endeavor to offer competitive wages and benefits. Our Operating Subsidiaries
conduct annual review of the performance of their employees for determining the level of bonus, salary adjustment and promotion of employees.

  49  

Training

Our Operating Subsidiaries offer
their employees training both internally and externally to enhance their skills and knowledge in the personal care electric appliance
industry. The regular training for our factory employees includes (i) new employee orientation; (ii) post-promotion training; and (iii)
general annual training. We believe training will help our employees improve their work performance, which will eventually increase their
loyalty to the Company. Therefore, the Company has developed a series of training programs targeting the needs