Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 41

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 3
Chunk 41
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, we may be subject to additional and more stringent criteria of Nasdaq for our continued listing of our
Ordinary Shares.

Our stock price may be volatile, and the value
of our Ordinary Shares may decline.

We cannot predict the prices at
which our Ordinary Shares trade. The IPO price of our Ordinary Shares was determined by negotiations between us and the underwriters and
may not bear any relationship to any other established criteria of the value of our business and prospects. The market price of our Ordinary
Shares may fluctuate substantially in response to various factors, some of which are beyond our control. These fluctuations could cause
an investor to lose all or part of their investment in our Ordinary Shares as they may be unable to sell their Ordinary Shares.

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Moreover, the stock market has
recently experienced extreme price and volume fluctuations. Broad market and industry fluctuations, as well as general economic, political,
regulatory and market conditions, may also negatively impact the market price of our Ordinary Shares. Price volatility may be greater
if the public float and trading volume of our Ordinary Shares is low. Furthermore, in the past, companies that have experienced volatility
in the market price of their securities have been subject to securities class-action litigation following periods of volatility in the
market price of their securities. We may be the target of this type of litigation in the future, which could result in substantial costs,
divert management’s attention and resources and harm our business, financial condition and results of operations.

Certain recent initial public offerings of companies
with smaller public floats have experienced extreme stock price and volume fluctuations seemingly unrelated to company performance. Such
volatility, if it should occur to us, may make it difficult for prospective investors to assess the rapidly changing value of our Ordinary
Shares.

Certain recent instances of extreme
stock price and volume fluctuations have been seemingly unrelated to company performance following a number of recent initial public offerings,
particularly among companies with relatively smaller public floats, and we expect that such instances may continue and/or increase in
the future. The trading price of our Ordinary Shares is likely to be volatile, and our Ordinary Shares may be subject to rapid and substantial
price volatility. Such volatility, including any stock run-ups, may be unrelated or disproportionate to our actual or expected operating
performance and financial condition or prospects and may distort the market perception of our Ordinary Shares, price and our Company’s
financial performance and public image, negatively affect the long-term liquidity of our Ordinary Shares, regardless of our actual or
expected operating performance. If we