Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 83

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 83
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 interest represents the 49% ownership of Hainan Kylin and its subsidiaries.

| B. | Liquidity             
 and Capital Resources |

The following table presents a summary of our cash flows and beginning and ending cash balances for the years ended December 31, 2024, 2023 and 2022:

|                                      | USD    
 (‘000) |   |    2024 |   |     |   |   2023 |   |     |   |   2022 |   |
|:-------------------------------------|:-------|:--|--------:|:--|:----|:--|-------:|:--|:----|:--|-------:|:--|
| Net cash used                        
 in operating activities              |        | $ | (15,483 | ) |     | $ | (8,522 | ) |     | $ | (2,296 | ) |
| Net cash (used in) /generated        
 from investing activities            |        |   |  (2,589 | ) |     |   |  2,618 |   |     |   | (1,558 | ) |
| Net cash generated from financing    
 activities                           |        |   |  18,978 |   |     |   |  6,045 |   |     |   |    338 |   |
| Net cash inflow (outflow)            |        |   |     906 |   |     |   |    141 |   |     |   | (3,516 | ) |
| Cash and cash equivalents            
 at beginning of year                 |        |   |     538 |   |     |   |    615 |   |     |   |  4,375 |   |
| Effect                               
 of foreign exchange rate differences |        |   |    (397 | ) |     |   |   (218 | ) |     |   |   (244 | ) |
| Cash                                 
 and cash equivalents at end of year  |        | $ |   1,047 |   |     | $ |    538 |   |     | $ |    615 |   |

On February 15, 2024, we entered
into warrant exchange agreements with holders of warrants to purchase Class A ordinary shares pursuant to which the holders agreed to
surrender the warrants for cancellation and weCompany agreed, in exchange, to issue 0.5 restricted Class A ordinary