Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 31

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 31
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 our ability to receive dividends and other payments from our PRC subsidiaries.

Chengdu Future, Antelope Yangpu,
Hainan Antelope, Antelope Chengdu are foreign investment enterprise, or “FIE,” and are subject to the rules and regulations
in the PRC on currency conversion. In the PRC, State Administration of Foreign Exchange, or SAFE, regulates the conversion of the RMB
into foreign currencies. Currently, FIEs are required to apply to SAFE for “Foreign Exchange Registration Certificates for Foreign
Investment Enterprise”. With such registration certifications (which need to be renewed annually), FIEs are allowed to open foreign
currency accounts including the “current account” and “capital account”. Currently, conversion of currency within
the scope of the “current account” (e.g. remittance of foreign currencies for payment of dividends, etc.) can be effected
without requiring the approval of SAFE. However, conversion of currency in the “capital account” (e.g. for capital items such
as direct investments, loans, securities, etc.) still requires the approval of SAFE. On October 21, 2005, SAFE promulgated the “Notice
on Issues concerning Foreign Exchange Management in Financing by PRC Residents by Overseas Special Purpose Vehicle and Return Investments”
(the “No. 75 Notice”). The No. 75 Notice came into effect on November 1, 2005 and requires the following matters, among others,
to be complied with: every PRC domestic resident who establishes or controls an overseas special purpose vehicle, or “SPV,”
must apply to the local bureau of SAFE for an “overseas investment foreign exchange registration.” Every PRC domestic resident
of an SPV who has completed the “overseas investment foreign exchange registration”, or “Registrant,” must make
an application to the local bureau of SAFE to amend their registration particulars upon (i) the injection of any PRC domestic assets or
the equity interests of any PRC domestic company owned by the PRC domestic resident into the SPV, and (ii) the implementation of any overseas
equity fund-raising by the SPV following an injection of PRC domestic assets or the equity interests of a PRC domestic company; every
Registrant must apply to the local bureau of SAFE for change of registration particulars or recordation within 30 days after the occurrence
of any capital increase or reduction, changes in shareholdings or share swap, merger, long-term investment in equities