Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 192

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 192
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idend yield                                                                |     |                   |           0 | % |
| Risk-free interest rate                                                       |     |                   |        0.57 | % |
| Average fair value at grant date                                              |     | US$               |        3.54 |   |

On June 10, 2021, we commenced a registered direct offering of securities, and executed a Securities Purchase Agreement (the “SPA”) with threeinstitutional accredited investors pursuant to which it sold 913,875of the Company’s common shares (pre-reverse split) at the per share price of $ 3.48(which was priced in excess of the average of the five-day closing price for the Company’s common shares preceding execution of the SPA, which was $ 3.42). In a concurrent private placement, the Company sold to such investors warrants to purchase 913,875((pre-reverse split)) common shares (the “Investor Warrants”). The Investor Warrants have an exercise price per share of $ 3.42, subject to adjustment, and have a term of five years. The transactions yielded gross proceeds to the Company of $ 3,180,285, before the payment of commissions and expenses.

| F-42 |

In addition, we issued warrants (the “Placement Agent Warrants”) to the Placement Agent to purchase a number of common shares equal to 5.0% of the aggregate number of shares sold to the investors in this offering, as well as the warrant shares issuable upon exercise of the Warrants issued in the concurrent private placement, as additional placement agency compensation. The Placement Agent Warrants have substantially the same terms as the Investor Warrants, except that the Placement Agent Warrants will have an exercise price of $ 4.35.

| Grant date (investors and placement agent, respectively)                      |     | June 14, 2021 |             |   |
|:------------------------------------------------------------------------------|:----|:--------------|------------:|:--|
| Share price at date of grant (investors and placement agent, respectively)    |     | US$           |        3.15 |   |
| Exercise price at date of grant (investors and placement agent, respectively) |     | US$           | 3.42 & 4.35 |   |
| Volatility                                                                    |     |               |         115 | % |
| Warrant life                                                                  |     |               |     5 years |   |
| Dividend yield                                                                |     |