Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 85

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 85
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 ordinary shares for each Warrant. Theh older owned 50,071w arrants at the time of entering into thewarrant exchange agreement , and received 25,036 restricted Class Aordinary shares upon closing.

On July 31, 2024, we entered into a securities purchase agreement with an investor to sell in a registered direct offering an aggregate of 500,000 Class A ordinary shares of the company. The gross proceeds from the offering were approximately $1.25 million, before offering expenses. We intend to use the net proceeds received from the Offering for general working capital purposes.

On September 25, 2024, we entered into a convertible promissory note purchase agreement with an institutional investor to purchase $990,000 of its convertible note (to purchase its class A ordinary shares in a registered direct offering.

On November 19, 2024, we entered into a convertible promissory note purchase agreement with an institutional investor to purchase $990,000 of its convertible note to purchase its class A ordinary shares in a registered direct offering.

Cash flows from operating activities.

Our net cash used in operating activities was $ 15.5 million for the year ended December 31, 2024, an increase of $ 7.0 million as compared to $ 8.5 million for the year ended December 31, 2023. The increase of cash outflow was mainly due to an increase in cash outflow on loan receivables of $ 7.2 million, an increase in cash outflow on other receivables and prepayments of $ 4.3 million, and decreased cash inflow on taxes payable of $ 0.2 million, which were partly offset by a decrease in operating cash outflow before working capital changes of $ 2.0 million, increased cash inflow on trade payables of $ 1.3 million, increased cash inflow on accrued liabilities and other payables of $0.8 million and increased cash inflow on unearned revenue of $ 2.6 million. Also, there was cash inflow from operating activities of $ 2.0 million from our discontinued operations for the year ended December 31, 2023.

Our net cash used in operating activities was $ 8.5 million for the year ended December 31, 2023, an increase of $ 6.2 million as compared to a cash outflow of $ 2.3 million for the year ended December 31, 2022.