Group 1 - The top gainers among Chinese concept stocks include 3 E Network Technology, which rose by 36.35%, followed by Happy Auto with a 33.73% increase, and Liqi Services with a 28.34% rise [1] - 3 E Network Technology's latest price is 0.4100, with a gain of 0.1093 and a trading volume of 108 million [1] - Happy Auto's latest price is 4.440, showing an increase of 1.120 with a trading volume of 11.1626 million [1] Group 2 - Liqi Services has a latest price of 7.200, reflecting a gain of 1.590 and a trading volume of 1.3485 million [1] - Huibao Holdings increased by 23.26%, with a latest price of 1.0600, gaining 0.2000 and a trading volume of 2.9394 million [1] - Rich Sparkle Holdings saw a rise of 21.25%, with a latest price of 23.170, an increase of 4.060, and a trading volume of 208.6 thousand [1]

Core Insights - Fenbo and BRC are both small-cap consumer staples companies, with a comparison of their institutional ownership, analyst recommendations, earnings, valuation, profitability, risk, and dividends [1] Earnings and Valuation - Fenbo reported gross revenue of $17.11 million with a Price/Sales ratio of 0.48, while BRC had gross revenue of $391.49 million with a Price/Sales ratio of 0.76 [2] - BRC's net income was -$2.95 million with an earnings per share (EPS) of -$0.14, while Fenbo's net income was -$1.99 million [2] Analyst Ratings - Fenbo has a rating score of 1.00 with 1 sell rating, while BRC has a rating score of 2.20 with 1 sell rating, 2 hold ratings, and 2 buy ratings [4] - BRC has a consensus price target of $2.50, indicating a potential upside of 109.21%, suggesting analysts favor BRC over Fenbo [4] Insider and Institutional Ownership - 0.0% of Fenbo shares are held by institutional investors, whereas 16.3% of BRC shares are held by institutional investors, with 69.0% of BRC shares held by company insiders [5] Profitability - BRC's net margin is -2.86%, return on equity is -11.48%, and return on assets is -2.60% [7] Volatility and Risk - Fenbo has a beta of -1.35, indicating its share price is 235% less volatile than the S&P 500, while BRC has a beta of 0.9, indicating it is 10% less volatile than the S&P 500 [8] Summary - BRC outperforms Fenbo in 8 out of 12 factors compared between the two stocks [9]

Core Viewpoint - Fenbo Holdings Limited has received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement for continued listing, with a compliance period until March 11, 2026, to regain compliance [1][2]. Group 1: Nasdaq Compliance Notification - The Company was notified by Nasdaq that it does not meet the minimum bid price requirement of $1 per share based on the closing bid price over the last 30 consecutive business days [1]. - Nasdaq has granted the Company a compliance period of 180 calendar days, ending on March 11, 2026, to regain compliance [2]. - If the Company fails to regain compliance within this period, it may be eligible for an additional 180 days if it meets other listing standards and provides written notice of its intention to cure the deficiency [2]. Group 2: Company's Response and Future Plans - The Company is currently evaluating options to regain compliance and intends to make reasonable efforts to meet Nasdaq's continued listing requirements [3]. - There is no assurance that the Company will successfully regain compliance with the Nasdaq listing rules [3]. Group 3: Company Background - Fenbo Holdings Limited was founded in 1993 and initially operated as a toy manufacturer before shifting focus to personal care electric appliances in 2005 [4]. - The manufacturing subsidiary, Fenbo Plastic Products Factory (Shenzhen) Ltd., was established in 2010 and has a production capacity of over three million units per year [4]. - The Company operates as both an original equipment manufacturer and has historically served as an original design manufacturer [4].

Group 1 - The top five gainers among Chinese concept stocks include: Hong Kong Pharmaceutical Digital Technology up 35.24%, Oriental Culture up 33.22%, Rich Sparkle Holdings up 26.81%, Xiao I Robot up 22.3%, and Huibao Holdings up 21.62% [1][1][1] - Hong Kong Pharmaceutical Digital Technology (HKPD) closed at 1.420 with a gain of 0.370 and a trading volume of 297 million [1][1][1] - Oriental Culture (OCG) closed at 3.850 with a gain of 0.960 and a trading volume of 3.8226 million [1][1][1] - Rich Sparkle Holdings (ANPA) closed at 52.880 with a gain of 11.180 and a trading volume of 1.2434 million [1][1][1] - Xiao I Robot (AIXI) closed at 1.810 with a gain of 0.330 and a trading volume of 1.4992 million [1][1][1] - Huibao Holdings (FEBO) closed at 0.9000 with a gain of 0.1600 and a trading volume of 862.84 thousand [1][1][1]

IPO and Financial Overview - Fenbo Holdings Limited completed its IPO on December 1, 2023, raising total gross proceeds of $5,000,000 from the sale of 1,000,000 Ordinary Shares at a price of $5.00 per share[198]. - The company plans to use IPO proceeds for expansion of production capacity, strengthening R&D capabilities, and penetrating new geographic markets[198]. - The Group's financial data for the years ended December 31, 2022, 2023, and 2024 is presented in HKD, with 2024 also shown in USD[335]. - For the fiscal year ended December 31, 2024, the company reported revenues of HK$132.9 million (US$17.1 million), an increase of HK$13.8 million, or 11.6%, compared to HK$119.1 million in 2023[346]. - The net income for the fiscal year ended December 31, 2024, was a loss of HK$15.5 million, following a net loss of HK$1.5 million in 2023 and a net income of HK$8.7 million in 2022[337]. - The gross profit for the fiscal year ended December 31, 2024, was HK$24.8 million (US$3.2 million), an increase of HK$2.7 million from HK$22.1 million in 2023, with a gross profit margin of 18.7%[350][352]. - The cost of sales for the fiscal year ended December 31, 2024, increased to HK$108.1 million (US$13.9 million), up HK$11.1 million from HK$97.0 million in 2023[349]. - The company relies on one key customer for all its revenue, which poses risks to its financial condition and growth prospects[339]. - The company faced challenges from geopolitical tensions and inflation, impacting consumer sentiment and demand[338][347]. Market and Industry Insights - The global market for personal care beauty appliances grew from approximately $26.9 billion in 2016 to $32.4 billion in 2021, representing a CAGR of 3.8%[205]. - The hair styling tool market is projected to reach $39.0 billion by 2026, with a CAGR of 3.7%[207]. - The demand for personal care beauty appliances is driven by increasing awareness of adverse chemical treatments and a growing preference for easy-to-use grooming devices[206]. - E-commerce sales of personal care beauty appliances have surged, particularly during the COVID-19 pandemic, as consumers shifted to online shopping[216]. - The personal care beauty appliance/hair styling tool OEM market in the PRC grew from US$2,010.1 million in 2016 to US$3,310.3 million in 2021, reflecting a CAGR of approximately 10.5%[220]. - The market demand for hair styling tools is expected to grow at a CAGR of 9.3% from 2022 to 2026, driven by increased consumer awareness and product advancements[225]. - The Group operates in a highly fragmented market with approximately 1,000 competitors in the hair styling tool OEM sector in China[261]. Manufacturing and Operations - Fenbo's manufacturing subsidiary, Fenbo Plastic Products Factory, has a production capacity of over 3 million units per year[188]. - The Group's manufacturing facility can produce approximately three million pieces of electrical hair styling products annually[249]. - The Group has maintained stable relationships with major suppliers for over 17 years, ensuring a reliable supply chain for raw materials[247]. - The Group's manufacturing process includes stringent quality control measures throughout production, from raw material procurement to finished product packaging[264]. - The Group plans to expand its production capacity by purchasing and installing new equipment to enhance overall production capabilities[267]. - The Group aims to strengthen its engineering and R&D capabilities by recruiting more engineers to diversify its product offerings beyond Spectrum Brands[269]. - The Group intends to penetrate new geographic markets, particularly in the United States, by expanding its sales force to attract potential customers[270]. Financial Management and Compliance - The Company must allocate at least 10% of accumulated profits after tax to reserve funds unless reserves reach 50% of registered capital[314]. - The applicable enterprise income tax rate for foreign-invested enterprises in the PRC is 25%, with a reduced withholding tax rate of 10% on dividends payable to foreign investors[315][316]. - Dividends declared by a Chinese company to a Hong Kong resident shareholder holding at least 25% interest are subject to a 5% withholding tax[317]. - The Company has complied with the Employment Ordinance and has obtained employee compensation insurance for all employees[323][325]. - The Mandatory Provident Fund Schemes Ordinance requires employers to contribute 5% of employees' relevant income to the MPF Scheme[327]. - The Company is in compliance with the Personal Data (Privacy) Ordinance, ensuring adherence to data protection principles[331]. Challenges and Future Outlook - Selling and marketing expenses for the fiscal year ended December 31, 2024, were HK$2.2 million (US$0.3 million), an increase from HK$2.0 million in 2023 due to higher shipping levels[354]. - General and administrative expenses increased significantly to HK$36.4 million (US$4.6 million) in 2024, up from HK$20.5 million in 2023, reflecting increased operational costs[350]. - The company aims to enhance its gross margin in 2025 by optimizing product mix and quality, while closely monitoring global geopolitical situations[353]. - General and administrative expenses increased by HK$15.9 million from HK$20.5 million for the fiscal year ended December 31, 2023 to HK$36.4 million (US$4.7 million) for the fiscal year ended December 31, 2024, primarily due to increased legal and professional fees and staff costs[357]. - The loss from operations increased by HK$13.4 million from a loss of HK$0.4 million for the fiscal year ended December 31, 2023 to a loss of HK$13.8 million for the fiscal year ended December 31, 2024, mainly due to increased general and administrative expenses[359]. - The net loss increased by HK$14.0 million from a net loss of HK$1.5 million for the year ended December 31, 2023 to a net loss of HK$15.5 million (US$2.0 million) for the fiscal year ended December 31, 2024[368]. - Net cash used in operating activities for the fiscal year ended December 31, 2024 was HK$21.3 million (US$2.7 million), primarily due to the net loss of HK$15.5 million[372].

Core Points - Fenbo Holdings Limited has received a Determination Letter from Nasdaq indicating non-compliance with listing rules due to the failure to hold an annual meeting of shareholders within twelve months of the fiscal year end on December 31, 2023 [1][2] - The company has 45 calendar days, until March 3, 2025, to submit a plan to regain compliance, and if accepted, Nasdaq may grant an extension of up to 180 days, until June 30, 2025, to meet the requirements [2] - The company is preparing for the annual meeting and is optimistic about regaining compliance with the Annual Meeting Requirement [2][3] Company Overview - Fenbo Holdings Limited is headquartered in Hong Kong and has over 30 years of experience in producing personal care electric appliances, primarily electrical hair styling products, and toy products for overseas markets [4] - Since 2006, the company has served as an OEM for Spectrum Brands, producing products under the "Remington" brand for markets in Europe, the United States, and Latin America [4]

Core Insights - Fenbo Holdings Limited reported a revenue increase of 14.2% to HK$66.9 million for the first half of fiscal year 2024 compared to HK$58.6 million in the same period of 2023, driven primarily by higher sales of flat irons and hair straighteners [5][6] - The company experienced a net loss of HK$1.9 million in the first half of 2024, a decline from a net income of HK$0.2 million in the same period of 2023, attributed to rising administrative expenses [13][14] - The company’s cash and cash equivalents decreased by 44.1% to HK$25.9 million as of June 30, 2024, from HK$46.3 million at the end of 2023 [1][15] Financial Performance - Revenues for the six months ended June 30, 2024, were HK$66.9 million, up from HK$58.6 million in 2023, marking a 14.2% increase [1][5] - Gross profit rose to HK$14.9 million, representing 22.3% of revenues, compared to HK$10.5 million or 17.9% of revenues in the prior year [1][9] - Operating expenses increased significantly, with general and administrative expenses rising to HK$16.1 million from HK$8.7 million in the previous year, primarily due to higher staff costs and legal fees related to the company's IPO [10][11] Operational Insights - The company faced challenges from geopolitical conflicts and inflation, which affected consumer demand and overall market conditions [6] - Despite the challenges, the company is focused on improving product competitiveness and enhancing research and development capabilities to strengthen market share [6][12] - The company’s initial public offering and listing on Nasdaq is seen as a significant milestone that will aid in geographic expansion and future growth [2] Cash Flow and Liquidity - The net cash used in operating activities for the first half of 2024 was HK$23.3 million, a significant decrease from HK$7.2 million provided in the same period of 2023 [16][29] - Cash balance as of June 30, 2024, was HK$25.9 million, down from HK$46.3 million at the end of 2023, indicating liquidity challenges [1][15] Market Context - The company noted that the negative impacts of the COVID-19 pandemic have subsided, but ongoing geopolitical tensions and inflation continue to pose risks to economic recovery [6] - The overall consumer goods and manufacturing sectors are experiencing slow recovery in demand, which is affecting the company's performance [6]

As filed with the U.S. Securities and Exchange Commission on August 29, 2024. Registration No. 333-281022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 4 To FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FENBO HOLDINGS LIMITED (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Co ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 3 To As filed with the U.S. Securities and Exchange Commission on August 23, 2024. Registration No. 333-281022 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FENBO HOLDINGS LIMITED (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Co ...

As filed with the U.S. Securities and Exchange Commission on August 20, 2024. Registration No. 333-281022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 2 To FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FENBO HOLDINGS LIMITED (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) Cayman Islands 3634 Not Applicable (State or Other Jurisdiction of Incorporation or Organization) (Primary St ...