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

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-05-01
Form: 20-F
Item: Item 4
Chunk 25
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engda to New Stonehenge Limited, in exchange for a 5% unsecured promissory note with a principal amount of US$8.5 million. The promissory note will mature in four years and the 5% interest and principal amount on the note is to be paid in four annual installments. On February 21, 2023, the Company’s shareholders approved this transaction. On April 28, 2023, this transaction was closed. The has transferred its ownership of the ceramic tile manufacturing business to New Stonehenge Limited, and New Stonehenge Limited has become the 100% owner of Hengda, which is the 100% owner of Hengdali.
 
On January 4, 2023, Antelope USA was incorporated under the laws of Delaware.
 
On August 15, 2023, Hainan Kylin incorporated a 100% owned subsidiary Hubei Kylin Cloud Sevices Technology Co., Ltd in China. Hubei Kylin is engaged in the livestreaming ecommerce industry.
 
On August 18, 2023, Hainan Kylin incorporated a 100% owned subsidiary Jiangxi Kylin Cloud Sevices Technology Co., Ltd in China. Jiangxi Kylin is engaged in the livestreaming ecommerce industry.
 
On February 27, 2024, Antelope USA has acquired 100% equity interests of AEHL US at a nominal price. The Company is planning to launch its energy supply business through AEHL US.
 
On October 31, 2024, the company incorporated a 100% owned subsidiary BTC Universal Media USA Inc. (BTC) in the US. BTC does not have any operations as of this report date.
 

D.   Property, plant and equipment
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On March 1, 2024, we entered into a Mine lease agreement in Texas for 2.5 years, unless terminated earlier pursuant to the terms thereof. The annual fixed rent is (i) $150,000 for the first year ending on December 31,2025, (ii) $150,000 for the second year ending on December 31, 2026, and (iii) $25,000 for the third year ending on February 27,2027.
 
On March 25, 2024, we entered into a lease agreement for an office space of four thousand fifty-seven (4,057) rentable square feet in Manhattan, New York