Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 90

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 90
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:--------------|------:|:----|:--------|------:|
|                                 |     |                         |       |     | More than 1   |       |     |         |       |
|                                 |     |                         |       |     | year but less |       |     |         |       |
|                                 |     | Within 1 year           |       |     | than 5 years  |       |     | Total   |       |
|                                 |     | USD’000                 |       |     | USD’000       |       |     | USD’000 |       |
| Trade payables                  |     |                         |   831 |     |               |     — |     |         |   831 |
| Amounts owed to related parties |     |                         |   272 |     |               |     — |     |         |   272 |
| Lease liabilities               |     |                         |   457 |     |               | 1,287 |     |         | 1,744 |
| Note payable                    |     |                         | 5,187 |     |               |     — |     |         | 5,187 |
| Total                           |     |                         | 6,747 |     |               | 1,287 |     |         | 8,034 |

| (iii) | Interest  
 rate risk |

Interest rate risk is the risk that the fair value or future cash flows of our financial instruments will fluctuate because of changes in market interest rates.

Our interest-bearing bank deposits and borrowings were nil as of December 31, 2024.

| (iv) | Foreign       
 currency risk |

Currency risk is the risk that the value of a financial instrument will fluctuate due to changes in foreign exchange rates. Currency risk arises when transactions are denominated in foreign currencies.

Our operations are primarily conducted in the PRC. All the sales and purchases transactions are denominated in RMB. As such, our operations are not exposed to exchange rate fluctuation.

As of December 31, 2024 and 2023, nearly all of our monetary assets and monetary liabilities were denominated in RMB except certain bank balances and other payables which were denominated in US dollars and HKD.

| C. | Research                                    
 and development, patents and licenses, etc. |

We focus our research and development efforts on developing innovative Kylin-Cloud service platform.

Costs associated with research activities are expensed in profit or loss as they incur