Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 132

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 132
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MB against the U.S. dollar.

Very limited hedging transactions
are available in China to reduce our exposure to exchange rate fluctuations. While we have no present intention to enter into currency
hedging transactions in the future. we may decide to enter into hedging transactions if we are exposed to foreign currency risk. The availability
and effectiveness of these hedging transactions may be limited and we may not be able to successfully hedge our exposure at all. In addition,
our currency exchange losses may be magnified by PRC exchange control regulations that restrict our ability to convert Renminbi into foreign
currency.

| ITEM 12. | DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES |

Not required.

| 74 |

<div align='center'>PART II</div>

| ITEM 13. | DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES |

There has been no default of any
indebtedness nor is there any arrearage in the payment of dividends.

| ITEM 14. | MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS |

Not applicable.

| ITEM 15. | CONTROLS AND PROCEDURES |

Disclosure Controls and Procedures

Our management, with the participation
of our Chief Executive Officer and Chief Financial Officer, has performed an evaluation of the effectiveness of the design and operation
of our disclosure controls and procedures as of December 31, 2023. Based on that evaluation, management, including our Chief Executive
Officer and Chief Financial Officer, has concluded that our disclosure controls and procedures as of December 31, 2023 were effective.

Disclosure controls and procedures
are designed to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded,
processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms, and is accumulated
and communicated to our management, including our CEO and CFO, as appropriate to allow timely decisions regarding required disclosure.

Management’s annual report on internal control over financial reporting

Our management is responsible
for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under
the Securities and Exchange Act of 1934. Our internal control over financial reporting is a process designed by, or under the supervision
of, our Chief Executive Officer and Chief Financial Officer and effected by our management and other personnel to provide reasonable assurance
regarding the reliability of our