Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 44

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 44
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 us. Our company and other non-resident enterprises in our group may be subject to filing obligations or being
taxed if our company and other non-resident enterprises in our group are transferors in such transactions, and may be subject to withholding
obligations if our company and other non-resident enterprises in our group are transferees in such transactions, under Circular 698 and
Public Notice 7. For the transfer to shares in our company by investors that are non-PRC resident enterprises, our PRC subsidiaries may
be requested to assist in the filing under Circular 698 and Public Notice 7. As a result, we may be required to expend valuable resources
to comply with Circular 698 and Public Notice 7 to request the relevant transferors from whom we purchase taxable assets to comply with
these circulars, or to establish that our company and other non-resident enterprises in our group should not be taxed under these circulars,
which may have a material adverse effect on our financial condition and results of operations. The PRC tax authorities have the discretion
under Circular 698 and Public Notice 7 to make adjustments to the taxable capital gains based on the difference between the fair value
of the taxable assets transferred and the cost of investment. If the PRC tax authorities make adjustments to the taxable income of the
transactions under Circular 698 and Public Notice 7, our income tax costs associated with such potential acquisitions will be increased,
which may have an adverse effect on our financial condition and results of operations. If any PRC tax applies to a non-resident investor,
the non-resident investor may be entitled to a reduced rate of PRC tax under an applicable income tax treaty and/or a deduction for such
PRC tax against such investor’s domestic taxable income or a foreign tax credit in respect of such PRC tax against such investor’s
domestic income tax liability (subject to applicable conditions and limitations). Shareholders should consult with their own tax advisors
regarding the applicability of any such taxes, the effects of any applicable income tax treaties, and any available deductions or foreign
tax credits. For a further discussion of these issues, see the section herein captioned “Taxation—PRC Taxation.”

Risks Factors Relating to Our Class A Ordinary Shares

We are a “controlled company” within the meaning of the NASDAQ Stock Market Rules and, as a result, may rely on exemptions from certain corporate governance requirements that provide protection to shareholders of other companies.

We are a “controlled