Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 104

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 104
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 Shen Cheng Liang) are ‘‘independent” in accordance
with the Nasdaq independence requirements. Our Chairman and Chief Executive Officer does not serve on any of the Board committees. The
majority of the Board is comprised of independent directors. The Board based these determinations primarily on a review of the responses
of the directors and executive officers to questions regarding employment and transaction history, affiliations and family and other relationships
and on discussions with the directors and the fact that no director previously reported a change in circumstances that could affect his
independence.

| 60 |

| D. | Employees |

The table below provides information
as to the total number of employees at the end of the last three fiscal years. We have no contracts or collective bargaining agreements
with labor unions and have never experienced work stoppages due to labor dispute. We consider our relations with our employees to be good.

|                     |     | 2022 |    |     | 2023 |    |     | 2024 |    |
| Number of Employees |     |      | 63 |     |      | 43 |     |      | 66 |

| E. | Share Ownership |

See Item 7 below.

| F. | Disclosure of a registrant’s action to recover erroneously awarded compensation |

None.

| ITEM 7. | MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS |

| A. | Major shareholders |

The following table sets forth
certain information regarding beneficial ownership of our shares by each person who is known by us to beneficially own more than 5% of
our shares. The table also identifies the share ownership of each of our directors, each of our named executive officers, and all directors
and officers as a group. Except as otherwise indicated, the shareholders listed in the table have sole voting and investment powers with
respect to the shares indicated. Our major shareholders do not have different voting rights than any other holder of our shares.

Shares which an individual or
group has a right to acquire within 60 days pursuant to the exercise or conversion of options, warrants or other similar convertible or
derivative securities are deemed to be outstanding for the purpose of computing the percentage ownership of such individual or group,
but are not deemed to be outstanding for the purpose of computing the percentage ownership of any other person shown in the table.

Beneficial ownership is determined
in accordance with the rules of the Securities and Exchange Commission and generally includes voting and investment power. Except as
otherwise indicated below, each