Company: AEHL
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-008020
Chunk: 2

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-05-01
Form: 20-F
Item: Item 1
Chunk 2
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4) that in turn wholly owns Antelope Investment (Hainan) Co., Ltd (“ Antelope Investment”) was dissolved on July 25, 2024), Hainan Kylin owns 100% of Hangzhou Kylin Cloud Services Technology Co., Ltd (“ Hangzhou Kylin”), Anhui Kylin Cloud Services
Technology Co., Ltd (“ Anhui Kylin”), WenzhouKylin Cloud Services Technology Co., Ltd. (“ Wenzhou Kylin”), Hubei
Kylin Cloud Services Technology Co., Ltd. (“ Hubei Kylin”), and Jiangxi Kylin Cloud Services Technology Co., Ltd. (“ Jiangxi
Kylin”).

On November 20, 2009, China Holdings Acquisition Corp. (“ CHAC”),
our predecessor, merged with and into Antelope Enterprise Holdings Limited, its wholly owned British Virgin Islands subsidiary, resulting
in the redomestication of CHAC to the British Virgin Islands as “ Antelope Enterprise Holdings Limited”. Immediately following
the merger and redomestication, and as part of the same integrated transaction, Antelope Enterprises acquired all of the outstanding securities
of Success Winner.

All references to “ China” or “ PRC” refer to the People’s Republic of China. All references to “provincial-level
regions” or “regions” include provinces as well as autonomous regions and directly controlled municipalities in China,
which have an administrative status equal to provinces, including Beijing.

All references to “ Renminbi,”
“ RMB” or “yuan” are to the legal currency of the People’s Republic of China, and all references to “ U. S.
dollars,” “dollars,” “$” are to the legal currency of the United States. This Report contains translations
of Renminbi amounts into U. S. dollars at specified rates solely for the convenience of the reader. We make no representation that the
Renminbi or U. S. dollar amounts referred to in this Report could have been or could be converted into U. S. dollars or Renminbi, as the
case may be, at any particular rate or at all. Changes in the exchange rate will affect the amount of our obligations and the value of
our assets in terms of U. S. dollars which may result in an increase or decrease in the amount of our obligations (expressed in dollars)
and the value of our assets, including accounts receivable (expressed in dollars).

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FORWARD-LOOKING STATE