Company: AEHL
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-008020
Chunk: 60

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-05-01
Form: 20-F
Item: Item 7
Chunk 60
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 in the e-commerce industry in China, we refer them to Anhui Zhongjun. Anhui Zhongjun’s loans to our customers typically carry annual interest of 6.35% and the terms of such loans range from 3 months up to two years.  We utilize this third-party financing mechanism, instead of providing direct financing to our customers, to avoid potential disputes with our customers, such as attempts to offset the repayment of loans against service fees payable to us. 
 
In the third quarter of 2023, we also lent funds to three related parties, Liping Huang (“Huang”), the spouse of the former CEO of our holding company Antelope Enterprise Holdings Limited, Lei Deng (“Deng”), the legal representative of our subsidiary Antelope Holdings (Chengdu) Co., Ltd. and Xiaorong Yang (“Yang”), the Supervisor of Antelope Chengdu, in the aggregate amount of $1.316 million. These loans were of the same nature as the loans we made to Anhui Zhongjun and these funds were made available to the customers of our livestreaming ecommerce business through these individuals. The loan to Ms. Huang of $500,000 was repaid in full in the third quarter of 2024. The loans to Messrs. Deng and Yang, in the aggregate amount of $797,000, has assigned to Anhui Zhongjun by the end of 2024. Accordingly, Anhui Zhongjun will assume the liability of $797,000 and the customers who previously borrowed funs from Messrs. Deng and Yang will be required to repay their loans to Anhui Zhongjun.
 

C.   Interests of Experts and Counsel
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Not required.