Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 87

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 87
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 in the proceeds from warrants exercised by $ 1.2 million, an increase in the equity financing by $ 4.7 million, increase in proceeds from promissory note by $ 4.6 million and decrease in cash outflow on due from related party by $1.3 million, which was partly offset by increase in payment for lease liabilities by $ 0.3 million and repayment of promissory note by $0.8 million. For the year ended December 31, 2023, net cash used in financing activities includes a cash outflow of $ 2.0 million from our discontinued operations, respectively.

Net cash generated from financing activities was $ 6.0 million for the year ended December 31, 2023, compared to net cash generated from financing activities of $ 0.3 million for the year ended December 31, 2022. The increase in cash inflow was primarily due to an increase in the issuance of share capital by $ 7.5 million for the year ended December 31, 2023, which was partly offset by a decrease in capital contribution from noncontrolling interest of $ 0.4 million, increase of advance from related parties of $ 60,000, decrease in proceeds from promissory note of $ 0.3 million, increase cash outflow on due from related parties by $1.3 million and decrease in payment of lease liabilities of $ 53,000. For the year ended December 31, 2023 and 2022, net cash used in financing activities includes a cash outflow of $ 2.0 million and $ 2.1 million from our discontinued operations, respectively.

Cash and bank balances were $ 1.0 million as of December 31, 2024, compared to $ 0.5 million as of December 31, 2023.

As of December 31, 2024, our total outstanding note payable amounts were $ 5.2 million.

There were no commitments for advertising and insurance expenditure as of December 31, 2024.

In our opinion, our working capital, including our cash, income and cash flows from operations, and short-term borrowings, is sufficient for our present requirements.

However, we may sell additional equity or obtain credit facilities to enhance our liquidity position or to increase our cash reserve for future acquisitions and capital equipment expenditures. The sale of additional equity would result in further dilution of our equity to our shareholders. The inc