Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 14

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 14
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 A. | [Reserved] |

| B. | Capitalization and Indebtedness |

Not required.

| C. | Reasons for the Offer and Use of Proceeds |

Not required.

| D. | Risk factors |

You should carefully consider
the following risk factors, together with all of the other information included in this Annual Report.

Summary Risk Factors

Risks Related to Our Business Operations

Risks and uncertainties related to our business include, but are not limited to, the following:

We have a limited operating history in a highly competitive technology segment.

Our business depends on our ability to maintain and grow our network of high-quality suppliers of hosts and influencers.

We rely on existing technology systems, networks and platforms that are outside of our control.

We are dependent on our management team and any loss of our key management personnel without timely and suitable replacements may reduce our revenues and profits.

Failure to compete successfully with our competitors and new entrants to the ceramics industry in the PRC may result in Antelope Enterprises losing market share.

Our production facilities may be affected by power shortages which could result in a loss of business.

Our research and development efforts may not result in marketable products.

We may not be able to ensure the successful implementation of our future plans and strategies, resulting in reduced financial performance.

We may inadvertently infringe third-party intellectual property rights, which could negatively impact our business and financial results.

We face increasing labor costs and other costs of production in the PRC, which could limit our profitability.

Risk Factors Relating to the Planned Energy Supply Business

We might not be able to launch the energy supply business as planned or at all, or generate revenue as planned.

Our financial performance in this planned business will be affected by commodity price fluctuations in the wholesale and retail power and natural gas markets

We will use natural gas as the source to generate electricity. Market prices for power, generation capacity, ancillary services, and natural gas are unpredictable.

Extensive competition in power generation industry could adversely affect our performance.

We will rely on power transmission and fuel distribution facilities owned and operated by other companies.

We may be unable to obtain an adequate supply of fuel in the future.

Our electricity generators will be subject to impairments.

State legislative and regulatory action could adversely affect our competitive position and business.

Existing and future anticipated environmental regulations could cause us to incur significant costs and adversely affect our operations

| 8 |

Risk Factors Relating to Our Operations in China

Violation of Foreign Corrupt Practices Act or China anti-corruption law could subject us to penalties