{"url_path":"/sec/febo/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 Major Shareholders and Related Party Transactions**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1957001/0001493152-26-023280-index.html","accession_number":"0001493152-26-023280","cik":"0001957001","ticker":"FEBO","issuer_name":"Fenbo Holdings Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/1957001/0001493152-26-023280-index.html","primary_entity_key":"0001957001","primary_entity_name":"Fenbo Holdings Ltd"},"word_count":1366,"has_tables":true,"body_markdown":"****\n\n**Item 7. Major Shareholders and Related Party Transactions**\n\n****\n\n \n\nThe\nfollowing table sets forth information with respect to the beneficial ownership, within the meaning of Rule 13d-3 under the Exchange\nAct, of our Class A Ordinary Shares and Class B Ordinary Shares as of the date of this prospectus for:\n\n \n\n \n●\neach of our directors and executive officers; and\n\n \n \n \n\n \n●\neach person known to us to own beneficially more than 5% of\nour Class A Ordinary Shares or Class B Ordinary Shares.\n\n \n\nBeneficial\nownership includes voting or investment power with respect to the securities. Except as indicated below, and subject to applicable community\nproperty laws, the persons named in the table have sole voting and investment power with respect to all Class A Ordinary Shares and Class\nB Ordinary Shares shown as beneficially owned by them. Percentage of beneficial ownership of each listed person is based on 3,062,500\nClass A Ordinary Shares and 8,000,000 Class B Ordinary Shares outstanding as of the date of this prospectus. The percentage of beneficial ownership in the table below after this offering is based on 20,156,517.09\nClass A Ordinary Shares outstanding after the closing of this offering, after giving effect to the sale of all Units offered hereby (based\non an assumed public offering price of $0.585 per Unit, which is fifty percent (50%) of the last reported sale price of our Class A Ordinary\nShares on the Nasdaq Capital Market on March 20, 2026), and no exercise of the Warrants, and 8,000,000 Class B Ordinary Shares to be outstanding\nafter this offering, excluding the number of shares underlying the Warrants.\n\n \n\nInformation\nwith respect to beneficial ownership has been furnished by each director, officer, or beneficial owner of 5% or more of our Class A\nOrdinary Shares or Class B Ordinary Shares. Beneficial ownership is determined in accordance with the rules of the SEC and generally\nrequires that such person have voting or investment power with respect to securities. In computing the number of Class A Ordinary\nShares beneficially owned by a person listed below and the percentage ownership of such person, Class A Ordinary Shares underlying\noptions, warrants, or convertible securities, including Class B Ordinary Shares, held by each such person that are exercisable or\nconvertible within 60 days of the date of this prospectus are deemed outstanding, but are not deemed outstanding for computing\nthe percentage ownership of any other person.\n\n \n\n  \nPrior to this Offering  \nAfter this Offering \n\n  \nClass A\nOrdinary\nShares\nBeneficially\nOwned*  \nClass B\nOrdinary\nShares\nBeneficially\nOwned  \nVoting Power*  \nClass A\nOrdinary\nShares\nBeneficially\nOwned*  \nClass B\nOrdinary\nShares\nBeneficially\nOwned  \nVoting Power* \n\n  \nNumber  \n%  \nNumber  \n%  \n%  \nNumber  \n%  \nNumber  \n%  \n% \n\n**Directors and Executive Officers(1):** \n    \n    \n    \n    \n    \n    \n    \n    \n    \n   \n\nHuang Hongwu(2) \n —  \n —  \n 8,000,000  \n 100.0  \n 98.1  \n —  \n —  \n 8,000,000  \n 100.0  \n 88.8 \n\nWang Xuefei(2) \n —  \n —  \n 8,000,000  \n 100.0  \n 98.1  \n —  \n —  \n 8,000,000  \n 100.0  \n 88.8 \n\nLi Siu Lun Allan \n —  \n —  \n —  \n —  \n —  \n —  \n —  \n —  \n —  \n — \n\nWang Zhiyong \n —  \n —  \n —  \n —  \n —  \n —  \n —  \n —  \n —  \n — \n\nWu Qiuxia \n —  \n —  \n —  \n —  \n —  \n —  \n —  \n —  \n —  \n — \n\nZhang Peng \n —  \n —  \n —  \n —  \n —  \n —  \n —  \n —  \n —  \n — \n\nDai Lei \n —  \n —  \n —  \n —  \n —  \n —  \n —  \n —  \n —  \n — \n\n  \n    \n    \n    \n    \n    \n    \n    \n    \n    \n   \n\nAll directors and executive officers as a group (six individuals): \n    \n    \n    \n    \n    \n    \n    \n    \n    \n   \n\n  \n —  \n —  \n 8,000,000  \n 100.0  \n 98.1  \n —  \n —  \n 8,000,000  \n 100.0  \n 88.8 \n\n5% Shareholders: \n    \n    \n    \n    \n    \n    \n    \n    \n    \n   \n\nLuxury Max Investments Limited(2) \n —  \n —  \n 8,000,000  \n 100.0  \n 98.1  \n —  \n —  \n 8,000,000  \n 100.0  \n 88.8 \n\n****\n\n \n\n*\nThe\nClass B Ordinary Shares are convertible into Class A Ordinary Shares at any time after issuance at the option of the holder on a\none-to-one basis. The number and percentage of Class A Ordinary Shares exclude Class A Ordinary Shares convertible from Class B Ordinary\nShares as the beneficial ownership of Class B Ordinary Shares is presented separately. Each holder of Class B Ordinary Shares is\nentitled to twenty (20) votes per Class B Ordinary Share and each holder of Class A Ordinary Shares is entitled to one vote per Class\nA Ordinary Share.\n\n \n\n(1)\nUnless\notherwise indicated, the business address of each of the individuals is Flat J, 19/F., World Tech Centre, 95 How Ming Street, Kwun\nTong, Kowloon, Hong Kong.\n\n \n \n\n(2)\nThe\nnumber of Class A Ordinary Shares and Class B Ordinary Shares beneficially owned prior to this offering represents 8,000,000 Class B\nOrdinary Shares held Luxury Max Investments Limited (“LMIL”), a British Virgin Islands company. Mr. Huang and Ms.\nWang constitute two of the three directors of LMIL and are the owners of record of 60% and 40%, respectively, of its outstanding\nshares. The registered address of LMIL is Keyway Chambers, 3rd Floor, Quastisky Building, Road Town, Tortola, British\nVirgin Islands.\n\n****\n\n****\n\n \n\n73\n\n \n\n** **\n\n**RELATED\nPARTY TRANSACTIONS**\n\n \n\n**Related\nParties**\n\n \n\nWe\nhave adopted an audit committee charter, which was amended on April 16, 2024, which requires the committee to review all related-party\ntransactions on an ongoing basis and all such transactions be approved by the committee.\n\n \n\nFor\nthe fiscal years ended December 31, 2025, 2024 and 2023, we, including the Operating Subsidiaries, entered into the following transactions\nwith our related parties:\n\n \n\nFIL,\nour Operating Subsidiary, entered into a lease agreement with Mr. Li Kin Shing (“Mr. Li”), father of Mr. Li Siu Lun Allan,\nour Executive Director, to lease the office for an initial term of two (2) years, which commenced January 1, 2023, for a monthly rental\nof HK$50,000. Upon the expiry of the above lease term, FIL renewed the lease agreement with Mr. Li to lease the office for an additional\nterm of two (2) years, commencing January 1, 2025, for the same monthly rental.\n\n \n\n**Guarantees**\n\n \n\nCertain\nrelated parties provided guarantees to the Company in connection with the bank borrowings of the Group. The bank loans of the Group consisted\nof the following:\n\n \n\nBank\nName\n \nNature\nof\n\nLoan\n \n \n\nAs\nat\n\nDecember 31,\n\n2023\n\n \n \n\nAs\nat\n\nDecember 31,\n\n2024\n\n \n \n\nAs\nat\n\nDecember 31,\n\n2025\n\n \n \n\nAs at\n\nJune 30,\n\n2026\n\n \n\n \n \n \n \n \nHK$’000\n \n \nHK$’000\n \n \nHK$’000\n \n \nHK$’000\n \n\nBank\nof China (Hong Kong)\n \nRevolving\nloan (1)\n \n \n \n11,000\n \n \n \n11,000\n \n \n \n3,000\n \n \n11,000\n \n\n \n\n(1)\nThis loan is a revolving loan up to HK$11,000,000, carries an interest at 2.25% below the Hong Kong prime rate and\nis secured by a Hong Kong residential property jointly owned by Mr. Li and his spouse and a personal guarantee from Mr. Li. The Company\nrecognized this loan as short-term bank borrowing in its consolidated financial statements. As of December 31, 2025, the outstanding balance\nof the bank borrowings above was HK$3,000,000.\n\n \n\nTransactions\nwith related parties were conducted in the normal course of business and at prices and terms no less than those charged to and contracted\nwith other independent third parties.\n\n \n\n**Leases**\n\n \n\nDuring\nthe fiscal years ended December 31, 2023, 2024 and 2025, our Operating Subsidiaries leased a director’s quarters and office space\nlocated in Hong Kong from a related party as follows:\n\n \n\nPremise \nRelationship with the lessor \nRental\npayment for\nthe year\nended\nDecember 31,\n2023  \n\nRental\n\npayment for\nthe year\nended\nDecember 31,\n\n2024\n  \nRental\npayment for\nthe year\nended\nDecember 31,\n2025\n \n\n  \n  \n(HK$’000)  \n(HK$’000)  \n(HK$’000)\n \n\nDirector’s quarters \nLessor is a company owned by Mr. Li Kin Shing and his spouse \n 600  \n 600  \n 600\n \n\nHong Kong office \nLessor is Mr. Li Kin Shing, father of Mr. Li Siu Lun Allan, our Executive Director \n -  \n 600  \n 600\n \n\n \n\nAs\nof December 31, 2025, the outstanding balance of the lease above was HK$600,000. The related party transactions were determined on an\narm-length basis by reference to the market price of comparable premises.\n\n \n\n74\n\n \n\n \n\n**Related\nparty balances**\n\n \n\nThe\nrelated party balances consisted of the following:\n\n \n\nName \nRelationship \nNature \nClassification \nDecember 31,\n2023  \nDecember 31,\n2024  \nDecember 31,\n2025 \n\n  \n  \n  \n  \n(HK$’000)  \n(HK$’000)  \n\n(HK$’000)\n \n\nMr. Li Kin Shing, father of Mr. Li Siu Lun Allan, our Executive Director \nFormer sole shareholder and executive director \nAdvance from a former sole shareholder \nAmounts due to related parties \n 151  \n 1,714  \n 611 \n\n  \n  \n  \n  \n    \n    \n   \n\nMr. Chiu Yat Chung Gary \nFormer senior management \nAdvance from a former senior management \nAmounts due to related parties \n 2,262  \n 1,262  \n - \n\n  \n  \n  \n  \n    \n    \n   \n\nMr. Li Siu Lun Allan \nExecutive Director \nAdvance from our Executive Director \nAmounts due to related parties \n -  \n 80  \n - \n\n \n\nThe\nabove amounts were unsecured, non-interest bearing and repayable on demand.\n\n \n\n**Interests\nof Experts and Counsel**\n\n \n\nNot\nApplicable\n\n \n\n**Legal\nProceedings**\n\n \n\nNot\nApplicable"}