Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 144

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 144
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  (70.50 | ) |
| — from discontinued operations                                                                               |     |       |     |                          |       - |   |     |         |  158.06 |   |     |         | (340.89 | ) |

| *  | · | * Reflected the 1-for-40 reverse split effective on April 3, 2025                                             |
|:---|:--|:--------------------------------------------------------------------------------------------------------------|
| ** | · | ** Earnings per share for basic and diluted weighted average shares outstanding from continuing operations    
 are the same due to anti-dilutive feature resulting from the net loss from continuing operations for the year |

<div align='center'>The accompanying notes are an integral part of these
consolidated financial statements.</div>

| F-4 |

<div align='center'>ANTELOPE ENTERPRISE HOLDINGS LIMITED AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY</div>

|                                                                                  |     | Share premium |         |     | Reverse recapitalization reserve |         |   |     | Merger reserve |       |     | Share-based payment reserves |        |     | Statutory reserve |        |     | Capital reserve |       |     | Retained earnings |          |   |     | Currency translation reserve |       |   |     | Total   |         |   |     | Noncontrolling Interest |      |   |     | Total Equity |         |   |
|                                                                                  |     | USD’000       |         |     | USD’000                          |         |   |     | USD’000        |       |     | USD’000                      |        |     | USD’000           |        |     | USD’000         |       |     | USD’000           |          |   |     | USD’000                      |       |   |     | USD’000 |         |   |     | USD’000                 |      |   |     | USD’000      |         |   |
| Notes                                                                            |     |               |         |     |                                  |         |   |     |                |       |     |                              |     26 |     |                   |        |     |                 |       |     |                   |          |   |     |                              |       |   |     |         |         |   |     |                         |      |   |     |              |         |   |
| Balance at December 31, 2021                                                     |     |