Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 131

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 10
Chunk 131
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 (bb)      that the members entitled to such dividend will be entitled to elect to receive an allotment of shares credited as fully paid-up in lieu of the whole or such part of the dividend as our Board o...  

Upon the recommendation of our
Board of Directors, our Company may by ordinary resolution in respect of any one particular dividend of our Company determine that it
may be satisfied wholly in the form of an allotment of shares credited as fully paid-up without offering any right to members to elect
to receive such dividend in cash in lieu of such allotment.

Any dividend, bonus, or other
sum payable in cash to the holder of shares may be paid by cheque or warrant sent through the post. Every such cheque or warrant shall
be made payable to the order of the person to whom it is sent and shall be sent at the holder’s or joint holders’ risk and
payment of the cheque or warrant by the bank on which it is drawn shall constitute a good discharge to our Company. Any one of two or
more joint holders may give effectual receipts for any dividends or other monies payable or property distributable in respect of the shares
held by such joint holders.

  80  

Whenever our Board of Directors
or our Company in general meeting has resolved that a dividend be paid or declared, our Board of Directors may further resolve that such
dividend be satisfied wholly or in part by the distribution of specific assets of any kind.

Our Board of Directors may, if
it thinks fit, receive from any member willing to advance the same, and either in money or money’s worth, all or any part of the
money uncalled and unpaid or installments payable upon any shares held by him/her/it, and in respect of all or any of the monies so advanced
may pay interest at such rate (if any) not exceeding 20% per annum, as our Board of Directors may decide, but a payment in advance of
a call shall not entitle the member to receive any dividend or to exercise any other rights or privileges as a member in respect of the
share or the due portion of the shares upon which payment has been advanced by such member before it is called up.

All dividends, bonuses, or other
distributions unclaimed for one year after having been declared may be invested or otherwise used by our Board of Directors for the benefit
of our Company until claimed and our Company shall not be constituted a trustee in respect thereof. All dividends, bonuses, or other distributions
un