Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 36

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 36
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 shall
provide the requisite assistance pursuant to the bilateral and multilateral cooperation mechanism.

The PRC legal system is based
on the Constitution of the People’s Republic of China and is made up of written laws, regulations, circulars and directives. With
the PRC’s entry into the WTO, the PRC government is in the process of developing its legal system so as to encourage foreign investments
and to meet the needs of investors. As the PRC economy is developing at a generally faster rate than its legal system, some degree of
uncertainty exists in connection with whether and how existing laws and regulations will apply to certain events or circumstances. Some
of the laws and regulations, and the interpretation, implementation and enforcement thereof, are still at the experimental stage and therefore
subject to policy changes. There is no assurance that the introduction of new laws or regulations, changes to existing laws and regulations
and the interpretation or application thereof or the delays in obtaining approvals from the relevant PRC authorities will not have an
adverse impact on our business or prospects. In particular, on August 8, 2006, the Ministry of Commerce, the CSRC, the State-owned Assets
Supervision and Administration Commission, the State Administration of Taxation, the State Administration of Industry and Commerce and
the State Administration of Foreign Exchange promulgated the “Rules on the Mergers and Acquisition of Domestic Enterprises by Foreign
Investors” which came into effect on September 8, 2006, or “the M&A Rules.” Foreign investors should comply with
the rules when they purchase shareholding equities of a PRC domestic non-foreign-funded enterprise, or Domestic Company, or subscribe
to the increased capital of a Domestic Company, and thus changing the nature of the Domestic Company into a foreign investment enterprise.
The rules stipulate, inter alia, (i) that the acquisition of a Domestic Company by an affiliated foreign enterprise established or controlled
by PRC entities or individuals must be approved by the Ministry of Commerce; (ii) that the incorporation of a special purpose vehicle,
which is directly or indirectly controlled by PRC entities for the purpose of an overseas listing of the equity interest of a Domestic
Company, must be subject to the approval of the Ministry of Commerce; (iii) that the acquisition of a Domestic Company by a special purpose
vehicle shall be subject to approval of the Ministry of Commerce and (iv) the offshore listing of a special purpose vehicle shall be subject
to the prior approval from China Securities Regulatory Commission