Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 84

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 4
Chunk 84
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 for the Access of Foreign Investment (the “ Negative List”).
The Negative List contains specific provisions guiding market access of foreign capital, stipulating in detail the areas of entry pertaining
to the categories of encouraged foreign-invested industries, restricted foreign-invested industries and prohibited foreign investment.
Any industry not listed in the Negative List is a permitted industry.

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Laws and Regulations Relating to Labor

Protection Labor Contract. Pursuant to the Labor Law of the PRC, employers should enter into labor contracts with their employees. Wages are to be paid according
to the level of performance, and the policy of equal pay for equal work. Lowest wage protection and special labor protection for female
workers and juvenile workers shall be implemented. Employers are also required to pay for their employees’ social insurance premiums
and housing provident funds. These payments are made to local administrative authorities, and an employer who fails to contribute may
be fined and be ordered to make up for the outstanding contributions.

The Labor Contract Law of the
PRC and the Implementation Rule of the Labor Contract Law of the PRC set out specific provisions in relation to the execution, terms and
the termination of an employment contract and the rights and obligations of the employees and employers. At the time of hiring, an employer
shall truthfully inform the employee as to the scope of work, working conditions, working place, occupational hazards, work safety, salary
and other matters about which the employee requests to be informed about.

Social Insurance

Employers in the PRC are required
to contribute, on behalf of their employees, to a number of social insurance funds, including funds for basic pension insurance, for unemployment
insurance, basic medical insurance, work-related injury insurance and maternity insurance. If an employer does not pay the full amount
of social insurance premiums as scheduled, the social insurance premium collection institution shall order it to make the payment or make
up the difference within the stipulated time period and impose a daily fine equivalent to 0.05% of the overdue payment from the date on
which the payment is overdue. If the payment is not made within the stipulated period, the relevant administration department shall impose
a fine ranging from one to three times of the overdue payment.

The various laws and regulations
that govern employers’ obligation to contribute to the social security funds include the Social Insurance Laws of the PRC, the Interim
Regulation on the Collection and Payment of Social Insurance Premiums, the Decision of the State Council on Establishing