Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 125

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 125
---
, a U.S. Holder must receive certain information from Antelope Enterprises. Upon request from a U.S. Holder, Antelope
Enterprises will endeavor to provide to the U.S. Holder, no later than 90 days after the request, such information as the IRS may require,
including a PFIC annual information statement, in order to enable the U.S. Holder to make and maintain a QEF election. However, there
is no assurance that Antelope Enterprises will have timely knowledge of its status as a PFIC in the future or of the required information
to be provided.

If a U.S. Holder has made a QEF
election with respect to its shares in Antelope Enterprises, and the special tax and interest charge rules do not apply to such shares
(because of a timely QEF election for Antelope Enterprises’ first taxable year as a PFIC in which the U.S. Holder holds (or is deemed
to hold) such shares or a QEF election, along with a purge of the PFIC taint pursuant to a purging election, as described below), any
gain recognized on the sale or other taxable disposition of such shares generally will be taxable as capital gain and no interest charge
will be imposed. As discussed above, for regular U.S. federal income tax purposes, U.S. Holders of a QEF generally are currently taxed
on their pro rata shares of the QEF’s earnings and profits, whether or not distributed. In such case, a subsequent distribution
of such earnings and profits that were previously included in income generally should not be taxable as a dividend to such U.S. Holders.
The adjusted tax basis of a U.S. Holder’s shares in a QEF will be increased by amounts that are included in income, and decreased
by amounts distributed but not taxed as dividends, under the above rules. Similar basis adjustments apply to property if by reason of
holding such property the U.S. Holder is treated under the applicable attribution rules as owning shares in a QEF.

Although a determination as to
Antelope Enterprises’ PFIC status will be made annually, an initial determination that it is a PFIC generally will apply for subsequent
years to a U.S. Holder who held shares of Antelope Enterprises while it was a PFIC, whether or not it met the test for PFIC status in
those subsequent years. A U.S. Holder who makes the QEF election discussed above for Antelope Enterprises’ first taxable year as
a PFIC in which