Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 190

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 18
Chunk 190
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’s quarters. Please refer to Note 7 for details.

Contingencies

There
were no contingencies identified for the years ended December 31, 2024 and 2023.

Note
16Restricted net assets

PRC
laws and regulations permit payments of dividends by the Company’s subsidiaries incorporated in the PRC only out of their retained
earnings, if any, as determined in accordance with PRC accounting standards and regulations. In addition, the Company’s subsidiaries
incorporated in the PRC are required to annually appropriate 10% of their net income to the statutory reserve prior to payment of any
dividends, unless the reserve has reached 50% of their respective registered capital.

Note
17Subsequent Event

The
Company evaluated all events and transactions that occurred after December 31, 2024, up through the date that these consolidated financial
statements are available to be issued, there were no other material subsequent events that require disclosure in these consolidated financial
statements.

  F-20  

Item 19. Exhibits