Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 30

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 30
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changes in law, registration requirements, and regulations or the implementation thereof may also require us to obtain additional approvals
and licenses from the PRC authorities for carrying out our operations in the PRC which would require us to incur additional expenses in
order to comply with such requirements and in turn affect our financial performance with the increase in our business costs. Furthermore,
there can be no assurance that approvals, registrations, or licenses will be granted to us promptly or at all. If we experience delays
in obtaining or are unable to obtain such required approvals, registrations, or licenses, our operations and business in the PRC, and
hence our overall financial performance will be adversely affected.

Our business activities are subject to certain PRC laws and regulations.

As our production and operations
are carried out in the PRC, we are subject to certain PRC laws and regulations. In addition, being wholly foreign-owned enterprises, we
are required to comply with certain additional laws and regulations. Pursuant to PRC laws and regulations, the breach or non-compliance
with such laws and regulations may result in the PRC authorities suspending, withdrawing or terminating our business license, causing
us to cease production of all or certain of our products, and this would materially and adversely affect our business and financial performance.
Our corporate affairs in the PRC are governed by our articles of association and the corporate and foreign investment laws and regulations
of the PRC. The principles of the PRC laws relating to matters such as the fiduciary duties of directors and other corporate governance
matters and foreign investment laws in the PRC are relatively new. Hence, the enforcement of investors or shareholders’ rights under
the articles of association of a PRC company and the interpretation of the relevant laws relating to corporate governance matters remain
largely untested in the PRC.

We face increasing labor costs and other costs of production in the PRC, which could limit our profitability.

Labor costs in China have been increasing in recent years and our labor costs in the PRC could continue to increase in the future. If labor costs in the PRC continue to increase, our production costs will likely increase which may in turn affect the selling prices of our products. We may not be able to pass on these increased costs to consumers by increasing the selling prices of our products in light of competitive pressure in the markets where we operate. In such circumstances, our profit margin may decrease.

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PRC foreign exchange control may limit our ability to utilize our profits effectively and affect