Company: AEHL
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-008020
Chunk: 11

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-05-01
Form: 20-F
Item: Item 4
Chunk 11
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12,404,000                90,540,517   Working capital loan                        Cash      
Antelope Enterprise Holdings Limited                AEHL US LLC                                             4,950,000                36,131,535   Working capital loan to direct subsidiary   Cash      
                                                    AEHL US INC                                             1,982,000                14,467,213   Working capital loan to direct subsidiary   Cash      
Vast Elite Limited                                  Success Winner Limited                           904                                  7,023   Working capital loan to direct subsidiary   Cash      
Success Winner Limited                              Antelope Enterprise (HK) Holdings Limited                 530,219                 3,870,228   Working capital loan                        Cash      
Success Winner Limited                              Antelope Enterprise Holdings Limited                      944,100                 6,891,269   Loan payback                                Cash      
AEHL US LLC                                         AEHL US INC                                               193,000                 1,408,765   Working capital loan                        Cash      
Hainan Kylin Cloud Services Technology Co., Ltd     Anhui Kylin Cloud Services Technology Co., Ltd            526,526                 3,843,273   Working capital loan                        Cash      
Hangzhou Kylin Cloud Services Technology Co., Ltd   Anhui Kylin Cloud Services Technology Co., Ltd            178,298                 1,301,452   Working capital loan to direct subsidiary   Cash      
Antelope Enterprise (HK) Holdings Limited           Antelope Holdings (Chengdu) Co., Ltd                      380,000                 2,773,734   Working capital contribution                Cash      

B.   Business Overview
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Overview
 
We are a British Virgin Islands limited liability company with no material operations. Our operations were conducted in China by our subsidiaries. We provide livestream e-commerce services, business management and information systems consulting services. In addition, we planned to launch energy supply business in the third quarter of 2024. The power generation business was progressing slower than expected because it took more time than expected for the company to procure, install and learn to operate the equipment. We used to operate a ceramic tile manufacturing business and have divested it in 2023.

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Livestreaming Ecommerce Business
 
Our livestreaming ecommerce business is operated in China through our 51% subsidiary, Hainan Kylin and its wholly-owned subsidiaries, Hangzhou Kylin and Anhui Kylin. We aim to provide one-stop solutions for our customers who seek to sell their products utilizing the emerging sales channel of