Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 130

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 10
Chunk 130
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Item 10. Additional Information

Share Capital

We are an exempted company incorporated
with limited liability in the Cayman Islands and our affairs will be governed by our Memorandum and Articles of Association, the Companies
Act and the common law of the Cayman Islands.

As of the date of this Annual
Report, our authorized share capital is US$30,300 divided into 300,000,000 ordinary shares of par value of US$0.0001 each, and 3,000,000
preference shares of a par value of US$0.0001 each.

The following are summaries of
certain material provisions of our Memorandum and Articles of Association and the Companies Act insofar as they relate to the material
terms of our Ordinary Shares.

Ordinary Shares

General

All of our outstanding Ordinary
Shares are fully paid and non-assessable. Certificates representing the Ordinary Shares are issued in registered form. Our shareholders
who are non-residents of the Cayman Islands may freely hold and vote their Ordinary Shares. We may not issue shares to bearer.

Dividends

Subject to the Companies Act and
our Articles of Association, our Company in general meeting may declare dividends in any currency to be paid to the members but no dividend
shall be declared in excess of the amount recommended by our Board of Directors.

Except in so far as the rights
attaching to, or the terms of issue of, any share may otherwise provide:

  (i)        all dividends shall be declared and paid according to the amounts paid-up on the shares in respect of which the dividend is paid, although no amount paid-up on a share in advance of calls shall...  
  (ii)       all dividends shall be apportioned and paid pro rata in accordance with the amount paid-up on the shares during any portion(s) of the period in respect of which the dividend is paid; and            
  (iii)      our Board of Directors may deduct from any dividend or other monies payable to any member all sums of money (if any) presently payable by him to our Company on account of calls, installments or...  

Where our Board of Directors
or our Company in general meeting has resolved that a dividend should be paid or declared, our Board of Directors may resolve:

  (aa)      that such dividend be satisfied wholly or in part in the form of an allotment of shares credited as fully paid-up, provided that the members entitled to such dividend will be entitled to elect ...