Company: AEHL
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-008020
Chunk: 8

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-05-01
Form: 20-F
Item: Item 4
Chunk 8
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. Hubei Kylin is engaged in the business of 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 business of management and consulting services for the livestreaming ecommerce industry.
 
On February 27, 2024, Antelope USA, has acquired 100% equity interests of AEHL US at a nominal price. We are planning to launch our energy supply business through AEHL US
 
On October 31, 2024, we incorporated BTC Universal Media USA Inc. (BTC) in the US. BTC does not have any operations as of this report date, and is kept for future business development.
 

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Antelope Enterprise Holdings Limited and its subsidiaries’ corporate structure as of the date of this annual report is as follows:
 
 
Antelope Enterprise’s registered office is c/o Harneys Corporate Services Limited of Craigmuir Chambers, P.O. Box 71, Road Town, Tortola, British Virgin Islands.
 
Recent Financings
 
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 shares and $1.0 in cash for each warrant. The holders, collectively, owned 202,030 warrants at the time of entering into the warrant exchange agreement, and received 101,018 restricted Class A ordinary shares and $202,030 in cash upon closing of the transaction.
 
On March 15, 2024, we entered into a securities purchase agreement with investors, pursuant to which we agreed to sell 1,727,941 Class A ordinary shares at a per share purchase price of $1.36. The gross proceeds were approximately $2.35 million, before deducting any fees or expenses. The net proceeds from this offering are used for the expansion of the business in the U.S., for the recruitment of personnel in the U.S. and for general corporate purpose.
 

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On March 25, 2024, we entered into standby equity subscription agreements with three investors, pursuant to which, we investors have the obligation to subscribe for, each up