Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 118

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 6
Chunk 118
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 and Board of Directors’ priority in selecting Board members is identification of persons who will further the
interests of our shareholders through their established record of professional accomplishment, ability to contribute positively to the
collaborative culture among Board members, knowledge of our business, understanding of the competitive landscape and professional and
personal experience and expertise relevant to our growth strategy.

Foreign Private Issuer Status

The
Nasdaq listing rules include certain accommodations in the corporate governance requirements that allow foreign private issuers, such
as us, to follow “home country” corporate governance practices in lieu of the otherwise applicable corporate governance standards
of Nasdaq Markets. The application of such exceptions requires that we disclose each Nasdaq Markets corporate governance standard that
we do not follow and describe the Cayman Islands corporate governance practices we do follow in lieu of the relevant Nasdaq Markets corporate
governance standard. However, we currently follow the Nasdaq Markets corporate governance standards listed below with the exception of
the independent directors’ regularly scheduling meetings with only the independent directors present:

  the majority independent director requirement under Section 5605(b)(1) of the Nasdaq Marketplace Listing rules;                                                                                       
  the requirement under Section 5605(d) of the Nasdaq Marketplace Listing Rules that a compensation committee comprised solely of independent directors governed by a compensation committee charte...  
  the requirement under Section 5605(e) of the Nasdaq Marketplace Listing Rules that director nominees be selected or recommended for selection by either a majority of the independent directors o...  
  the Shareholder Approval Requirements under Section 5635 of the Nasdaq Marketplace Listing Rules; and                                                                                                 
  the requirement under Section 5605(b)(2) of the Nasdaq Marketplace Listing Rules that the independent directors have regularly scheduled meetings with only the independent directors present.        

Code of Conduct and Code of Ethics

We have adopted a written
code of business conduct and ethics that applies to our directors, officers and employees, including our chief executive officer,
chief financial officer, principal accounting officer or controller or persons performing similar functions. A current copy of this
code is posted on the Corporate Governance section of our website, which is located at http://www. fenbo. com. The information on our
website is deemed not to be incorporated in or to be a part of this Annual Report. We intend to
disclose any amendments to the code of ethics, and any waivers of the code of ethics or the code of conduct for our directors,
executive officers and senior finance executives, on our website