Company: AEHL
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-008020
Chunk: 41

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-05-01
Form: 20-F
Item: Item 5
Chunk 41
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 a cash inflow of $ 2.6 million for the year ended December 31, 2023. The increase in cash outflow was mainly due to the acquisition of fixed assets of $ 4.2 million, which was partly offset by collection of note receivable of $ 1.5 million and decrease in restricted cash of $ 0.3 million.
 
Net cash generated from investing activities for the year ended December 31, 2023 was $ 2.6 million, compared to a cash outflow of $ 1.6 million for the year ended December 31, 2022. The decrease in cash outflow was mainly due to the decrease in restricted cash of $ 0.6 million, decrease in available-for-sale financial asset of $ 2.4 million and increase cash inflow on notes receivable of $ 1.3 million, which was partly offset by increased cash outflow on acquisition of fixed assets of $ 68,000 and increased cash outflow from cash disposed as a result of disposal of subsidiaries of $ 36,000.
 
Cash flows from financing activities.
 
Net cash generated from financing activities was $ 19.0 million for the year ended December 31, 2024, compared to $6.0 million for the year ended December 31, 2023. The increase in cash inflow was primarily due to an increase in the proceeds from warrants exercised by $ 1.2 million, an increase in the equity financing by $ 4.7 million, increase in proceeds from promissory note by $ 4.6 million and decrease in cash outflow on due from related party by $1.3 million, which was partly offset by increase in payment for lease liabilities by $ 0.3 million and repayment of promissory note by $0.8 million. For the year ended December 31, 2023, net cash used in financing activities includes a cash outflow of $ 2.0 million from our discontinued operations, respectively.
 
Net cash generated from financing activities was $ 6.0 million for the year ended December 31, 2023, compared to net cash generated from financing activities of $ 0.3 million for the year ended December 31, 2022. The increase in cash inflow was primarily due to an increase in the issuance of share capital by $ 7.5 million for the year ended December 31, 2023, which was partly offset by