Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 69

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 69
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% owned subsidiary Hangzhou Kylin Cloud Services Technology Co., Ltd (“Hangzhou Kylin”) in China. Hangzhou
Kylin is engaged in the livestreaming ecommerce industry.

On November 2, 2022, Hainan Kylin
incorporated a 100% owned subsidiary Anhui Kylin Cloud Sevices Technology Co., Ltd (“Anhui Kylin”) in China. Anhui Kylin is
engaged in the livestreaming ecommerce industry.

On December 30, 2022, Stand Best
and an unaffiliated entity, New Stonehenge Limited, entered into a purchase agreement, pursuant to which, Stand Best agreed to sell 100%
equity interests in Hengda to New Stonehenge Limited, in exchange for a 5% unsecured promissory note with a principal amount of US$8.5million. 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