Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 59

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 59
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 existing accounts.

We participate in a variety of
sales and marketing activities including trade shows, in-house sales and marketing seminars, factory tours, outdoor advertising, B2B catalogs
and customer calls. We believe that these techniques allow us to gather and better understand customers’ needs and requirements
and to obtain feedback on our products and services and intend to continue utilizing these techniques.

In the future, we intend to participate
in international trade fairs and seminars from time to time to promote our brand and products, and to establish a network with industry
professionals outside the PRC. To augment our plan to expand our markets internationally, our products will also be advertised on and
available to purchase on the Internet.

Major Suppliers

Livestreaming Ecommerce Business

For the year ended December 31, 2024, there were four vendor that accounted
for 25%, 15%, 12% and 10%, of the total purchase of the livestreaming ecommerce business. Our business or profitability is not materially
dependent on any industrial, commercial or financial contract with any of our suppliers of livestreaming ecommerce business.

Business Management and Consulting Business

For the year ended December 31,
2024, there was one vendor accounted for 100%, for the total purchases of the business management consulting business. Our business
or profitability is not materially dependent on any industrial, commercial or financial contract with any of our suppliers of business
management and consulting business.

None of our officers or directors
or their respective affiliates has any interest, direct or indirect, in any of the above major suppliers. There are no arrangements or
understanding with any suppliers pursuant to which any of our directors and executive officers were appointed.

Research and Development

Livestreaming Ecommerce Business

Our research and development
team for the livestreaming ecommerce business focus on developing the SaaS platform to provide comprehensive services to our consumer
goods brands customers, including refining our search algorithm for a compatible group of hosts and influencers based on the products
feature of our customers. We also hired an outside consultant to help upgrade the SaaS platform. As of December 31, 2024, our research
and development team for livestreaming ecommerce business had 8 employees and 42 independent contractors.

Business Management and Information System Business

We currently do not have a designated
team of research and development for this business line.

Our research and development costs were approximately USD 189,000, USD 202,000
and USD 13,100 for fiscal years