Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 115

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 6
Chunk 115
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daq and SEC rules and regulations, if applicable. Each committee’s charter is available on our website at http://www. fenbo. com.
The reference to our website address does not constitute incorporation by reference of the information contained on or available through
our website, and you should not consider it to be part of this Annual Report.

Audit committee

Wang Zhiyong, Zhang Peng and Dai
Lei, all of whom are Independent Non-Executive Directors, serve on the audit committee, which is chaired by Zhang Peng. Our Board of Directors
has determined that each is “independent” for audit committee purposes as that term is defined by the rules of the SEC and
Nasdaq, and that each has sufficient knowledge in financial and auditing matters to serve on the audit committee. Our Board of Directors
has designated Mr. Zhang Peng as an “audit committee financial expert,” as defined under the applicable rules of the SEC.
The audit committee’s responsibilities include:

  appointing, approving the compensation of and assessing the independence of our independent registered public accounting firm;                                                                        
  pre-approving auditing and permissible non-audit services, and the terms of such services, to be provided by our independent registered public accounting firm;                                       
  reviewing the overall audit plan with our independent registered public accounting firm and members of management responsible for preparing our financial statements;                                 
  reviewing and discussing with management and our independent registered public accounting firm our annual and quarterly financial statements and related disclosures as well as critical accounti...  
  coordinating the oversight and reviewing the adequacy of our internal control over financial reporting;                                                                                               
  establishing policies and procedures for the receipt and retention of accounting-related complaints and concerns; recommending, based upon the audit committee’s review and discussions with mana...  
  monitoring the integrity of our financial statements and our compliance with legal and regulatory requirements as they relate to our financial statements and accounting matters;                     
  preparing the audit committee report required by SEC rules to be included in our annual proxy statement;                                                                                              
  reviewing all related person transactions for potential conflict of interest situations and approving all such transactions;                                                                          
  continuously engaging in the analysis of and review for any potential cybersecurity risks as part of the Company’s overall risk management program; and                                               
  reviewing earnings releases.                                                                                                                                                                          

Amendment to audit committee
charter. On April 16, 2024, our Board of Directors authorized and approved an amendment to the Audit Committee Charter (the “ Audit
Committee Charter”) pursuant to which it adopted a cybersecurity