Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 191

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 191
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 of 1-for-40 reverse split.

Equity Financing

On February 12, 2021, we entered into a Securities Purchase Agreement with certain institutional investors for the sale of 588,235(pre-reverse split) common shares, at a purchase price of $ 3.57per share. Concurrently with the sale of the Common Shares, pursuant to the Purchase Agreement the Company also sold warrants to purchase 588,235(pre-reverse split) common shares. The Company sold the Common Shares and Warrants for aggregate gross proceeds of approximately US$ 2.1million, before commissions and expenses. The 5five-year Warrants will be immediately exercisable at an exercise price equal to $ 3.57per share, and will terminate on the 5five-year anniversary of the initial exercise date of the Warrants. The net proceeds from the transactions will be approximately US$ 1.86million, after deducting certain fees due to the placement agent and the Company’s estimated transaction expenses, and will be used for working capital and general corporate purposes.

In addition, the Placement Agent of this offering also received 5five-year warrants (the “Compensation Warrants”) to purchase up to a number of common shares equal to 5% of the aggregate number of shares sold in the Offering, including the warrant shares issuable upon exercise of the Warrants, which such Compensation Warrants have substantially the same terms as the Warrants sold in the Offering, except that such Compensation Warrants have an exercise price of $ 4.46per share and will be exercisable six monthsfrom the effective date of this offering and will terminate on the 5five year anniversary of the effective date of this offering.

SCHEDULE OF PRINCIPAL ASSUMPTIONS USED IN VALUATION

| Grant date (investors and placement agent, respectively)                      |     | February 17, 2021 |             |   |
|:------------------------------------------------------------------------------|:----|:------------------|------------:|:--|
| Share price at date of grant (investors and placement agent, respectively)    |     | US$               |        4.45 |   |
| Exercise price at date of grant (investors and placement agent, respectively) |     | US$               | 3.57 & 4.46 |   |
| Volatility                                                                    |     |                   |         107 | % |
| Warrant life                                                                  |     |                   |     5 years |   |
| Div