Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 11

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 11
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B is unable to inspect or investigate completely our auditor, then such lack of inspection could cause trading in our securities to
be prohibited under the HFCA Act, as amended, and ultimately result in a determination by the Nasdaq Capital Market to delist our securities.

Our management monitors the cash position of each
entity within our organization regularly and prepare budgets on a monthly basis to ensure each entity has the necessary funds to fulfill
its obligation for the foreseeable future and to ensure adequate liquidity. As a holding company, we may rely on dividends and other distributions
on equity paid by our subsidiary in Hong Kong, and the subsidiaries in China, for our cash and financing requirements. The payment of
dividends to Antelope Enterprises by our Chinese subsidiaries is affected by means of dividends by those entities to their Hong Kong direct
parent and a redividend by that Hong Kong entity to Antelope Enterprises. Such dividends are effected by resolution of the board of directors
of each such entity (after provision for applicable tax obligations). China is a foreign exchange administration country. Capital injections,
cross-border trade and services transactions settled in foreign exchange, overseas financing and profit repatriations are subject to the
foreign exchange administration regulations. A Chinese subsidiary owned by foreign company must apply for registration of foreign exchange
with the SAFE after the issuance of a business license and obtain a foreign exchange registration certificate. When the Chinese subsidiaries
apply for repatriating dividends to foreign shareholders, it must submit the application form to SAFE with the proof that such dividends
have been subjected to all applicable tax withholding. A Chinese subsidiary can only distribute dividends out of its accumulated profits,
which means that any accumulated losses must be more than offset by its profits in other years, including the current year. Please refer
to “Item 4 Information on the Company – History and Development of the Company - Cash Transfers Within Our Organization”
for more information.

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Permission or Approval Required from the PRC Authorities for Our PRC Subsidiaries’ Operation

To operate the general business activities currently
conducted in China, each of our subsidiaries in China is required to obtain a business license from the State Administration for Market
Regulation (“SAMR”). All of our PRC subsidiaries have obtained their valid business licenses from the SAMR, and no application
for any such license has been denied.

We are aware, however, recently, that the PRC
government initiated a series of regulatory actions and statements to regulate business operations in China with little advance
notice, including cracking down on