Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 201

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 201
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) if the Ordinary Shares is not publicly traded or, if publicly traded, is not subject to reported closing transaction prices as set forth above, the Fair Market Value per share shall be as determined by the Board.

From January to December 31, 2022, the Company issued aggregate of 110,343(pre-reverse split) shares to its Chief Financial Officer as stock compensation expense, and issued aggregate of 268,331(pre-reverse split) shares to its Chief Executive Officer as stock compensation expense.

From January to December 31, 2023, the Company issued aggregate of 29,234(pre-reverse split) shares to its Chief Financial Officer as stock compensation expense, and issued aggregate of 171,338(pre-reverse split) shares to its Chief Executive Officer as stock compensation expense.

From January to December 31, 2023, the Company issued aggregate of 168,000(pre-reverse split) shares to its directors as stock compensation expense. From January to December 31, 2023, the Company issued aggregate of 224,793(pre-reverse split) shares to its employees as stock compensation expense.

From January to December 31, 2023, the Company issued aggregate of 719,428(pre-reverse split) shares to its consultants or consulting firms as stock compensation expense.

From January to December 31, 2024, the Company issued aggregate of 463,205(pre-reverse split) shares to its Chief Financial Officer as stock compensation expense, and issued aggregate of 2,356,410(pre-reverse split) shares to its Chief Executive Officer as stock compensation expense.

| F-48 |

From January to December 31, 2024, the Company issued aggregate of 886,000(pre-reverse split) shares to its directors as stock compensation expense. From January to December 31, 2024, the Company issued aggregate of 910,490(pre-reverse split) shares to its employees as stock compensation expense.

From January to December 31, 2024, the Company issued aggregate of 591,278(pre-reverse split) shares to its consultants or consulting firms as stock compensation expense.

For the years ended December 31, 2024, 2023 and 2022, employee remuneration expense for senior officers, employees and directors (all of which related to equity-settled share-based payment transactions) of USD 5,644,000, USD 4,292,000and USD 314,000, respectively, has