Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 88

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 88
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urrence in indebtedness would result in increased fixed obligations and could result in operating covenants that would restrict our operations. We cannot provide assurance that financing will be available in amounts or on terms acceptable to us, if at all.

Credit Management

Capital Expenditures

Historically, our capital expenditures primarily consist of expenditures on property, plant and equipment. The capital expenditures for the year ended December 31, 2024, 2023 and 2022 were $ 4.2 million, $ 71,000 and $ 3,000, respectively.

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Contractual Obligations

Our contractual obligations consist mainly of debt obligations, operating lease obligations and other purchase obligations and commitments, and will be paid off with our cash flow from operations. The following table sets forth a breakdown of our contractual obligations (including both interest and principal cash flows) as of December 31, 2024:

|                   |     | Payment Due by Period |       |     |        |       |     |     |       |     |     |       |     |        |       |
|                   |     |                       |       |     | Less   
 than 1 |       |     | 1-3 |       |     | 3-5 |       |     | More   
 than 5 |       |
|                   |     |                       | Total |     |        |  year |     |     | years |     |     | years |     |        | years |
| Lease liabilities |     |                       | 1,744 |     |        |   457 |     |     |   815 |     |     |   472 |     |        | —     |
| Promissory note   |     |                       | 5,187 |     |        | 5,187 |     |     |     — |     |     |     — |     |        | —     |
| Total             |     |                       | 6,931 |     |        | 5,644 |     |     |   815 |     |     |   472 |     |        | —     |

Off-Balance Sheet Arrangements

We do not have any outstanding off-balance arrangements and have not entered into any transactions that are established for the purpose of facilitating off-balance sheet arrangements.

Impact of Inflation

The general annual inflation rate in China was approximately 3.2% in 2024, and 2.1% in 2023 according