Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 156

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 15
Chunk 156
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Item 15. Controls and Procedures

Our management
is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e)
under the Exchange Act) that is designed to ensure that information required to be disclosed by the Company in the reports that the Company
files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s
rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information
required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to
the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons
performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

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As of
the end of the period covered by this Annual Report, our Principal Accounting Officer (the “ Certifying Officer”), conducted
an evaluation of our disclosure controls and procedures. Based on this evaluation, the Certifying Officer concluded that our disclosure
controls and procedures were not effective to ensure that material information is recorded, processed, summarized and reported by our
management on a timely basis in order to comply with our disclosure obligations under the Exchange Act and the rules and regulations promulgated
thereunder.

Management’s Report
on Internal Control over Financial Reporting

Management
is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f)).
The Company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally
accepted in the United States of America. Because of its inherent limitations, internal control over financial reporting may not prevent
or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls
may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
Under the supervision and with the participation of management, the Company conducted an evaluation of the effectiveness of the Company’s
internal control over financial reporting as of December 31, 2024 using the criteria established in “ Internal Control - Integrated
Framework” issued by the Committee of Sponsoring Organizations of the Treadway Commission (“ COSO”).

A material weakness is a deficiency,
or combination