Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 139

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 10
Chunk 139
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 for the exemptions and privileges listed below:

  an exempted company does not have to file an annual return of its shareholders with the Registrar of Companies;                                                        
  an exempted company’s register of members is not open to inspection;                                                                                                   
  an exempted company does not have to hold an annual general meeting;                                                                                                   
  an exempted company may issue no par value, negotiable or bearer shares;                                                                                               
  an exempted company may obtain an undertaking against the imposition of any future taxation (such undertakings are usually given for 20 years in the first instance);  
  an exempted company may register by way of continuation in another jurisdiction and be deregistered in the Cayman Islands;                                             
  an exempted company may register as a limited duration company; and                                                                                                    
  an exempted company may register as a segregated portfolio company.                                                                                                    

“ Limited
liability” means that the liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the
company. At the closing of the Initial Public Offering, we became subject to reporting and other informational requirements of the Exchange
Act, as applicable to foreign private issuers. As of the date of this Annual Report, we intend to comply with the Nasdaq Rules in lieu
of following home country practice. The Nasdaq Rules require that every company listed on the Nasdaq hold an annual general meeting of
shareholders. In addition, our Articles of Association allow directors to call special meeting of shareholders pursuant to the procedures
set forth in our articles.

  85  

Mergers and Similar Arrangements

A merger
of two or more constituent companies under Cayman Islands law requires a plan of merger or consolidation to be approved by the directors
of each constituent company and authorization by (a) a majority in number representing seventy-five percent (75%) in value of the shareholders
voting together as one class and (b) if the shares to be issued to each shareholder in the surviving company are to have the same rights
and economic value as the shares held in the constituent company, a special resolution of the shareholders voting together as one class.

A merger
between a Cayman parent company and its Cayman subsidiary or subsidiaries does not require authorization by a resolution of shareholders.
For this purpose a subsidiary is a company of which at least ninety percent (90%) of the issued shares entitled to vote are owned by the
parent company.

The consent
of each holder of a fixed or floating security interest over