Company: AEHL
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-008020
Chunk: 42

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-05-01
Form: 20-F
Item: Item 5
Chunk 42
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 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 incurrence in indebtedness would result in increased fixed obligations and could result in operating covenants that would restrict our operations. We cannot provide assurance that financing will be available in amounts or on terms acceptable to us, if at all.
 
Credit Management
 
Capital Expenditures
 
Historically, our capital expenditures primarily consist of expenditures on property, plant and equipment. The capital expenditures for the year ended December 31, 2024, 2023 and 2022 were $ 4.2 million, $ 71,000 and $ 3,000, respectively.

  51 
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Contractual Obligations
 
Our contractual obligations consist mainly of debt obligations, operating lease obligations and other purchase obligations and commitments, and will be paid off with our cash flow from operations. The following table sets forth a breakdown of our contractual obligations (including both interest and principal cash flows) as of December 31, 2024:

                                                        Payment Due by Period                                    
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                                        Less                        1-3                 3-5           More       
                                        than 1                                                        than