Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 101

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 101
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 termination of employment.

Antelope Enterprise Holdings Limited 2024 Equity Compensation Plan

On March 26, 2024, the Board of
Directors of the Company (the “Board”) approved the 2024 Equity Compensation Plan (the “Plan”) is to attract and
retain outstanding individuals as employees, directors and consultants of the Company and its subsidiaries, to recognize the contributions
made to the Company and its Subsidiaries by such individuals and to provide them with additional incentive to expand and improve the profits
and achieve the objectives of the Company

The 2024 Plan is administered
by the Board. The Board, in its sole discretion, will determine the eligible individuals to whom, and the time or times at which awards
will be granted, the form and amount of each award, the expiration date of each award, the time or times within which the awards may be
exercised, the cancellation of the awards and the other limitations, restrictions, terms and conditions applicable to the grant of the
awards.

The total number of shares that
may be issued under the 2024 Plan is (i) initially 1,000,506 Class A ordinary shares. The Board may, in its discretion, (a) grant shares
under the 2024 Plan to any participant without consideration from such Participant or (b) sell shares under the 2024 Plan to any participant
for such amount of cash, shares or other consideration as the Board deems appropriate. Notwithstanding any of the provisions of the 2024
Plan or any outstanding award agreement, upon a Change in Control of the Company, the Board is authorized and has sole discretion to provide
that all restrictions applicable to all awards shall terminate or lapse in order that Participants may fully realize the benefits thereunder.
Awards granted under the 2024 Plan, and any rights and privileges pertaining thereto, may not be transferred, assigned, pledged or hypothecated
in any manner, or be subject to execution, attachment or similar process, by operation of law or otherwise, other than by will or by the
laws of descent and distribution. The Board may terminate, suspend, or amend the Plan, in whole or in part, from time to time. The Board
also has the authority to amend any award agreement at any time.

The Company has filed a Form S-8
(File No. 333-278348) to register the 2024 Equity Incentive Plan and has issued 66,908 Class A ordinary shares