Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 35

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 35
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 are new, it is highly uncertain how soon legislative or administrative regulation making bodies will respond and
what existing or new laws or regulations or detailed implementations and interpretations will be modified or promulgated, if any, and
the potential impact such modified or new laws and regulations will have on our daily business operation, the ability to accept foreign
investments and list on an U.S. exchange.

In addition, given the lack of
oversight of many offshore issuers with China-based operating companies, CSRC promulgated a package of rules and regulations to enhance
the regulations on such companies.

On February 17, 2023, the CSRC
promulgated the Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies, or the Trial Measures,
and five supporting guidelines, which came into effect on March 31, 2023. The Trial Measures clarified that enterprises that have been
listed overseas prior to March 31, 2023 constitute “Existing Issuers” and are not required to conduct the overseas listing
filing procedure immediately, but shall carry out filing procedures as required if they conduct refinancing or are involved in other circumstances
required by CSRC.

| 19 |

On February 24, 2023, the CSRC
and certain other PRC regulatory authorities jointly published the revised Provisions on Strengthening Confidentiality and Archives Administration
in Respect of Overseas Issuance and Listing of Securities by Domestic Enterprises, or the Confidentiality and Archives Administration
Provisions, which came into effect on March 31, 2023. The Confidentiality and Archives Administration Provisions, among other things,
(i) require PRC enterprises to comply with confidentiality obligations under applicable PRC rules and regulations when providing documents
and materials to securities companies and securities service institutions; (ii) mandate that working papers created within the PRC by
securities companies and securities service institutions in connection with their services for overseas securities offerings and listing
of PRC enterprises shall be retained within the territory of the PRC; and (iii) prohibit the cross-border transfer of the aforementioned
working papers outside the PRC absent prior examination and approval from competent PRC regulatory authorities. The Confidentiality and
Archives Administration Provisions, together with Trial Measures, also emphasize that the investigation and evidence collection in relation
to the overseas securities offering and listing by the domestic companies conducted by overseas securities regulator and the relevant
competent authorities shall go through the cross-border regulatory cooperation mechanism and the CSRC or the relevant authorities