Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 46

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 46
---
 Price Rule, unless the Staff exercises its discretion to extend this 10 day period pursuant to Nasdaq Listing Rule 5810(c)(3)(H). If the Company is not in compliance with the Bid Price Rule by April 30, 2025, the Company may be afforded a second 180 calendar day period to regain compliance. To qualify, the Company would be required to meet the continued listing requirement for the market value of its publicly held shares and all other initial listing standards for The Nasdaq Capital Market, except for the minimum bid price requirement. In addition, the Company would be required to notify Nasdaq of its intent to cure the minimum bid price deficiency, which may include, if necessary, implementing a reverse stock split.

There is a risk that Antelope Enterprises will be classified as a passive foreign investment company, or “PFIC,” which could result in adverse U.S. federal income tax consequences to U.S. holders of its securities.

In general, Antelope Enterprises
will be treated as a PFIC for any taxable year in which either (1) at least 75% of its gross income (including its pro rata share of the
gross income of its 25% or more-owned corporate subsidiaries) is passive income or (2) at least 50% of the average value of its assets
(including its pro rata share of the assets of its 25% or more-owned corporate subsidiaries) produce, or are held for the production of,
passive income. Passive income generally includes dividends, interest, rents, royalties, and gains from the disposition of passive assets.
If Antelope Enterprises is determined to be a PFIC for any taxable year (or portion thereof) that is included in the holding period of
a U.S. Holder (as defined in the section entitled “Taxation—United States Federal Income Taxation—General”) of
its shares, the U.S. Holder may be subject to increased U.S. federal income tax liability upon a sale or other disposition of the shares
of Antelope Enterprises or the receipt of certain excess distributions from Antelope Enterprises and may be subject to additional reporting
requirements. Based on the composition (and estimated values) of the assets and the nature of the income of Antelope Enterprises and its
subsidiaries during its 2024 taxable year, Antelope Enterprises does not believe that it would
be treated as a PFIC for such year. However, because Antelope Enterprises has not performed a definitive analysis as to its PFIC status
for its