Company: AEHL
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-008020
Chunk: 54

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-05-01
Form: 20-F
Item: Item 6
Chunk 54
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 and its subsidiaries, to recognize the contributions made to the Company and its Subsidiaries by such individuals and to provide them with additional incentive to expand and improve the profits and achieve the objectives of the Company
 
The 2024 Plan is administered by the Board. The Board, in its sole discretion, will determine the eligible individuals to whom, and the time or times at which awards will be granted, the form and amount of each award, the expiration date of each award, the time or times within which the awards may be exercised, the cancellation of the awards and the other limitations, restrictions, terms and conditions applicable to the grant of the awards.
 
The total number of shares that may be issued under the 2024 Plan is (i) initially 1,000,506 Class A ordinary shares. The Board may, in its discretion, (a) grant shares under the 2024 Plan to any participant without consideration from such Participant or (b) sell shares under the 2024 Plan to any participant for such amount of cash, shares or other consideration as the Board deems appropriate. Notwithstanding any of the provisions of the 2024 Plan or any outstanding award agreement, upon a Change in Control of the Company, the Board is authorized and has sole discretion to provide that all restrictions applicable to all awards shall terminate or lapse in order that Participants may fully realize the benefits thereunder. Awards granted under the 2024 Plan, and any rights and privileges pertaining thereto, may not be transferred, assigned, pledged or hypothecated in any manner, or be subject to execution, attachment or similar process, by operation of law or otherwise, other than by will or by the laws of descent and distribution. The Board may terminate, suspend, or amend the Plan, in whole or in part, from time to time. The Board also has the authority to amend any award agreement at any time.
 
The Company has filed a Form S-8 (File No. 333-278348) to register the 2024 Equity Incentive Plan and has issued 66,908 Class A ordinary shares pursuant to this S-8 as of the date of this annual report.
 

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C. Board Practices
 
The term of each director is until their resignation or removal.
 
Our board of directors has established an audit committee, a compensation committee and a governance and nominating committee.
 
Audit Committee. The audit committee consists of Ze Yang (Chair and the Audit Committee financial expert), Huashu Yuan,