Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 55

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 55
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 | Anhui Kylin Cloud Services Technology Co., Ltd |     |        |    178,298 |     |                      |  1,301,452 |     | Working capital loan to direct subsidiary |     | Cash       |
| Antelope Enterprise (HK) Holdings Limited         |     | Antelope Holdings (Chengdu) Co., Ltd           |     |        |    380,000 |     |                      |  2,773,734 |     | Working capital contribution              |     | Cash       |

| B. | Business Overview |

Overview

We
are a British Virgin Islands limited liability company with no material operations. Our operations were conducted in China by our
subsidiaries. We provide livestream e-commerce services, business management and information systems consulting services. In
addition, we planned to launch energy supply business in the third quarter of 2024. The power generation business was
progressing slower than expected because it took more time than expected for the company to procure, install and learn to operate
the equipment. We used to operate a ceramic tile manufacturing business and have divested it in 2023.

| 31 |

Livestreaming Ecommerce Business

Our livestreaming
ecommerce business is operated in China through our 51% subsidiary, Hainan Kylin and its wholly-owned subsidiaries, Hangzhou Kylin and
Anhui Kylin. We aim to provide one-stop solutions for our customers who seek to sell their products utilizing the emerging sales channel
of livestreaming ecommerce. Our customers usually include consumer goods brands, merchants, and small-scale ecommerce platforms.
We believe that livestreaming ecommerce is an important growth engine for consumer good brands as it leverages the content of livestreaming
to boost consumer engagement and sales as it combines instant purchasing of a featured product and audience participation through a chat
function or reaction buttons. Our typical business model involves the promotion of our customers’ goods by our hosts. Our product
management office assesses and selects the products from our customers. We then connect with different suppliers of hosts and influencers,
usually staffing agencies that have a growing and diverse pool of such individuals. We also work with freelance hosts
and influencers. These hosts and influencers register on Hainan Kylin’s SaaS platform and are matched with the specific products
that our customers have engaged us to promote. The hosts and influencers then promote our customers’ products on social media
and various e-commerce platforms through livestreaming where a unique link