v3.26.3
Related party balances and transactions
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Related party balances and transactions

Note 10 Related party balances and transactions

 

Related party balances

 

The related party balances consisted of the following:

 

Name  Relationship  Nature  Classification  December 31, 2025
(HK$’000)		  June 30, 2026
(HK$’000)		  June 30, 2026
(US$’000)
                   
Mr. Li  Former sole shareholder and executive director  Advance from a former sole shareholder  Amounts due to related parties   611    680    87 
Mr. Chiu Yat Chung Gary  Former senior management  Advance from a former senior management  Amounts due to related parties   -    -    - 
Mr. Li Siu Lun, Allan  Senior management  Advance from a member of senior management  Amounts due to related parties   -    -    - 
Total amounts due to related parties            611    680    87 

 

The above amounts are unsecured, non-interest bearing and repayable on demand.

 

Related party transactions (Guarantees)

 

The related parties made guarantees to the Company in relation to all the bank borrowings of the Group. Please refer to the Note 9 for details of each guarantee made by the related parties in relation to all the bank borrowings of the Group as of June 30, 2026 and December 31, 2025.

 

Related party transactions (Sale / lease of properties)

 

The Company entered into the following rental agreement with a related party for a director quarter situated in Hong Kong:

 

Premises  Relationship
with the lessor		 

Rental payment for
the six months ended
June 30, 2025

(HK$’000)

 

Rental payment for
the six months ended
June 30, 2026

(HK$’000)

 

Rental payment for
the six months ended
June 30, 2026

(US$’000)

Director’s quarters  Lessor is a company owned by Mr. Li and his spouse   300    300    38 
Hong Kong office  Lessor is Mr. Li and his spouse   300    300    38 

 

Fenbo Industries entered into a lease agreement with Mr. Li to lease from Mr. Li the office for an initial term of two (2) years, commencing January 1, 2023, for a monthly rental of HK$50,000. Upon the expiry of the above lease term, Fenbo Industries renewed such lease agreement with Mr. Li to lease this office for another term of two (2) years, commencing January 1, 2025, for a monthly rental of HK$50,000.

 

Fenbo Industries entered into a lease agreement with a company owned by Mr. and Mrs. Li for the lease of a director’s quarters for an initial term of two (2) years, commencing May 1, 2023, for a monthly rental of HK$50,000. Upon the expiry of the above lease term, Fenbo Industries renewed such lease agreement with Mr. Li for another term of two (2) years, commencing May 1, 2025, for a monthly rental of HK$50,000.