Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 122

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 122
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the securities exceeds one year. The deductibility of capital losses is subject to various limitations.

If a PRC income tax applies to
any gain from the disposition of the securities in Antelope Enterprises by a U.S. Holder, such tax may be treated as a foreign tax eligible
for a deduction from such holder’s U.S. federal taxable income or a foreign tax credit against such holder’s U.S. federal
income tax liability (subject to applicable conditions and limitations). In addition, if such PRC tax applies to any gain, such U.S. Holder
may be entitled to certain benefits under the U.S.-PRC Tax Treaty if such holder is considered a resident of the United States for purposes
of, and otherwise meets the requirements of, the U.S.-PRC Tax Treaty. U.S. Holders should consult their own tax advisors regarding the
deduction or credit for any such PRC tax and their eligibility for the benefits of the U.S.-PRC Tax Treaty.

| 69 |

Additional Taxes

U.S. Holders that are individuals,
estates or trusts and whose income exceeds certain thresholds generally will be subject to a 3.8% Medicare contribution tax on unearned
income, including, without limitation, dividends on, and gains from the sale or other taxable disposition of, Antelope Enterprises’
securities, subject to certain limitations and exceptions. Under regulations, in the absence of a special election, such unearned income
generally would not include income inclusions under the qualified electing fund, or QEF, rules discussed below under “ Passive Foreign
Investment Company Rules,” but would include distributions of earnings and profits from a QEF. U.S. Holders should consult their
own tax advisors regarding the effect, if any, of such tax on their ownership and disposition of Antelope Enterprises’ securities.

Passive Foreign Investment Company Rules

A foreign (i.e., non-U.S.) corporation
will be a PFIC if at least 75% of its gross income in a taxable year of the foreign corporation, including its pro rata share of the gross
income of any corporation in which it is considered to own at least 25% of the shares by value, is passive income. Alternatively, a foreign
corporation will be a PFIC if at least 50% of its assets in a taxable year of the foreign corporation, ordinarily determined based on
fair market value and averaged quarterly over the year, including its pro rata share of the assets of