Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 28

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 28
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 hierarchical protection system for data security. As the Data
Security Law was recently promulgated, we may be required to make further adjustments to our business practices to comply with this law.
If our data processing activities were found to be not in compliance with this law, we could be ordered to make corrections, and under
certain serious circumstances, such as severe data divulgence, we could be subject to penalties, including the revocation of our business
licenses or other permits. Furthermore, the recently issued Opinions on Strictly Cracking Down Illegal Securities Activities in Accordance
with the Law require (i) speeding up the revision of the provisions on strengthening the confidentiality and archives management relating
to overseas issuance and listing of securities and (ii) improving the laws and regulations relating to data security, cross-border data
flow, and management of confidential information. As there remain uncertainties regarding the further interpretation and implementation
of those laws and regulations, we cannot assure you that we will be compliant such new regulations in all respects, and we may be ordered
to rectify and terminate any actions that are deemed illegal by the regulatory authorities and become subject to fines and other sanctions.
As a result, we may be required to suspend our relevant businesses, shut down our website, take down our operating applications, or face
other penalties, which may materially and adversely affect our business, financial condition, and results of operations.

On August 20, 2021, the Standing
Committee of the National People’s Congress of China promulgated the Personal Information Protection Law of the PRC, or the PIPL,
which took effect in November 2021. As the first systematic and comprehensive law specifically for the protection of personal information
in the PRC, the PIPL provides, among others, that (i) an individual’s consent shall be obtained to use sensitive personal information,
such as biometric characteristics and individual location tracking, (ii) personal information operators using sensitive personal information
shall notify individuals of the necessity of such use and impact on the individual’s rights, and (iii) where personal information
operators reject an individual’s request to exercise his or her rights, the individual may file a lawsuit with a People’s
Court. As uncertainties remain regarding the interpretation and implementation of the PIPL, we cannot assure you that we will comply with
the PIPL in all respects, we may become subject to fines and/or other penalties which may have material adverse effect on our business,
operations and financial condition.

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While we take measures