UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES
EXCHANGE ACT OF 1934
For
August 29, 2024
Commission
File Number: 333-274448
FENBO
HOLDINGS LIMITED
(Translation
of registrant’s name into English)
Unit
J, 19/F, World Tech Centre
95
How Ming Street
Kwun
Tong
Kowloon,
Hong Kong
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☒ Form
40-F ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Investment
in a U.S. AI Focused Fund
On
August 29,2024, the Company announced that it had entered into a subscription agreement to make an initial $150,000 strategic investment
in a U.S. Artificial Intelligence (“AI”) focused investment fund (the “Fund”).
The
Fund will specialize in making direct venture capital investments in early-stage and growth-stage private technology companies, with
a particular emphasis on financial technology (FinTech), blockchain/web3, and enterprise technology based upon a belief that AI represents
a greater investment opportunity than the internet did at its inception - and that AI is a must-do investment opportunity.
“The
Fund’s focus on AI-driven technologies aligns perfectly with our vision for the future of enterprise software,” said Mr.
Allan Li, Chairman and CEO of the Company. “By investing in this Fund, we may gain access to a curated portfolio of innovative
startups and as well as the potential guidance of industry experts, which will assist us in identifying and evaluating AI solutions that
may improve our products, our customer’s experience and business outcomes.”
A
copy of the press release issued by the Company is attached hereto as Exhibit 99.1.
Forward-Looking
Statement
The
press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals,
strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical
facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,”
“expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate
solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance
and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed
in the forward-looking statements. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking
statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for
review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events
or circumstances that arise after the date hereof.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
Dated:
September 2, 2024 |
FENBO
HOLDINGS LIMITED |
|
|
|
/s/
Li Siu Lun Allan |
|
Li
Siu Lun Allan |
|
Chief
Executive Officer, Chairman and Director |
Exhibit
99.1
Fenbo
Holdings Limited Taps into AI Innovations through Investment in a U.S. AI Focused Fund
Hong
Kong, August 29, 2024 (GLOBE NEWSWIRE) — Fenbo Holdings Limited (the “Company” or “Fenbo”), an established
original equipment manufacturer (OEM) for Spectrum Brands, a global home essentials company, producing electrical hair styling products
under the “Remington” brand, today announced the Company has entered into a subscription agreement (the “Agreement)
to make an initial $150,000 strategic investment in a U.S. Artificial Intelligence (“AI”) focused investment fund. (the “Fund”).
This move positions Fenbo to leverage the Fund’s expertise in cutting-edge AI technologies and permits it to evaluate the potential
impact of AI on the development of the Company’s products.
The
Fund is targeting capital commitments of up to $20 million, although the general partner, in its sole discretion, may accept Capital
Commitments of a lesser or greater amount. Its investment objective is to generate attractive returns for its limited partners, according
to the terms of the Fund.
The
Fund is a Delaware limited partnership that will specialize in making direct venture capital investments in early-stage and growth-stage
private technology companies, with a particular emphasis on financial technology (FinTech), blockchain/web3, and enterprise technology.
It is managed by a Delaware-based investment management firm (the “Firm”). The investment Firm believes that AI represents
a greater investment opportunity than the internet did at its inception - and that AI is a must-do investment opportunity. This year
the Firm has been putting together a new Fund to invest into the leading private companies in this industry (e.g., OpenAI). In addition
to the access, what gives the firm an edge is analysis of the macroeconomy and stock market leveraging based upon their team’s
background.
The
rise of artificial intelligence has transformed the landscape of numerous industries, empowering organizations to streamline operations,
enhance decision-making, and unlock new opportunities for innovation. Therefore, the Company is proactively positioning itself to explore
and evaluate the potential of AI to benefit its customer.
“The
Fund’s focus on AI-driven technologies aligns perfectly with our vision for the future of enterprise software,” said Mr.
Allan Li, Chairman and CEO of the Company. “By investing in this Fund, we may gain access to a curated portfolio of innovative
startups and as well as the potential guidance of industry experts, which will assist us in identifying and evaluating AI solutions that
may improve our products, our customer’s experience and business outcomes.”
About
Fenbo Holdings Limited
Headquartered
Hong Kong and through its operating subsidiaries in Hong Kong and Guangdong Province, Fenbo represents over 30 years of experience producing
personal care electric appliances (principally electrical hair styling products) and toy products to overseas markets. The Company, since
2006. also has served as an OEM for Spectrum Brands, a global home essentials company, and its sole customer, producing electrical hair
styling products, under the “Remington” brand which Spectrum Brands has the right of the use of, and which it currently sells
to Europe, the United States and Latin America. For more information, please visit: http://www.fenbo.com.
Forward-Looking
Statement
This
press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals,
strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical
facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,”
“expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate
solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance
and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed
in the forward-looking statements. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking
statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for
review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events
or circumstances that arise after the date hereof.
For
more information, please contact:
Investor
Relations
WFS
Investor Relations Inc.
Janice
Wang, Managing Partner
Email:
services@wealthfsllc.com
Phone:
+86 13811768599
+1
628 283 9214
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