Company: AEHL
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-008020
Chunk: 44

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-05-01
Form: 20-F
Item: Item 5
Chunk 44
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iquidity risk is the risk that we will encounter difficulty in raising funds to meet commitments associated with financial instruments. Liquidity risk may result from an inability to sell a financial asset quickly at close to its fair value.
 

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Our exposure to liquidity risk arises primarily from mismatches of the maturities of financial assets and liabilities. Our objective is to maintain a balance between continuity of funding and flexibility through the use of stand-by credit facilities.
 
The table below summarizes the maturity profile of the liabilities based on contractual undiscounted payments:
 

                                                        As of December 31, 2024                      
-----------------------------------------------------------------------------------------------------
                                                              More than 1                            
                                                              year but less                          
                                  Within 1 year               than 5 years                Total      
                                  USD’000                     USD’000                     USD’000    
Trade payables                    831                                  —                  831        
Amounts owed to related parties   272                                  —                  272        
Lease liabilities                 457                                  1,287                    1,744
Note payable                                5,187                      —                        5,187
Total                                       6,747                      1,287                    8,034

(iii)    Interest
        rate risk
-----------------
 
Interest rate risk is the risk that the fair value or future cash flows of our financial instruments will fluctuate because of changes in market interest rates.
 
Our interest-bearing bank deposits and borrowings were nil as of December 31, 2024.
 

(iv)      Foreign   
       currency risk
--------------------
 
Currency risk is the risk that the value of a financial instrument will fluctuate due to changes in foreign exchange rates. Currency risk arises when transactions are denominated in foreign currencies.
 
Our operations are primarily conducted in the PRC. All the sales and purchases transactions are denominated in RMB. As such, our operations are not exposed to exchange rate fluctuation.
 
As of December 31, 2024 and 2023, nearly all of our monetary assets and monetary liabilities were denominated in RMB except certain bank balances and other payables which were denominated in US dollars and HKD.
 

C.                     Research                 
     and development, patents and licenses, etc.
------------------------------------------------
 
We focus our research and development efforts on developing innovative Kylin-Cloud service platform.
 
Costs associated with research activities are expensed in profit or loss as they incur. Costs that are directly attributable to development activities are recognized as intangible assets if, and only if, all