Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 205

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 205
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 Transaction”), Stand Best Creation Limited, Jinjiang Hengda Ceramics Co., Ltd., and Jiangxi Hengdali Ceramic Materials Co., Ltd. to New Stonehenge Limited, a business company incorporated in the British Virgin Islands with limited liability, in exchange for an unsecured promissory note with a principal amount of US$ 8.5million, which will be mature in four years after its issuance. Accordingly, the Disposition Transaction has been approved. The disposal of the subsidiaries for the ceramic tile manufacturing business were completed on April 28, 2023.

The following table summarizes the carrying value of the assets and liabilities of disposal group at the closing date of disposal. The Company recorded US$ 10.4million gain on disposal of the subsidiaries, which was the difference between the selling price of US$ 8.5million and the carrying value of the net assets of the disposal group.

SCHEDULE OF ASSETS AND LIABILITIES OF DISPOSAL GROUP

|                                        |     | As of          
 April 28, 2023 |        |   |
|:---------------------------------------|:----|:---------------|-------:|:--|
|                                        |     | USD’000        |        |   |
| Right-of-use assets, net               |     |                |  3,756 |   |
| Inventories, net                       |     |                |  3,634 |   |
| Trade receivables, net                 |     |                |    405 |   |
| Other receivables and prepayments      |     |                |    407 |   |
| Cash and bank balances                 |     |                |     36 |   |
| Accrued liabilities and other payables |     |                | (2,696 | ) |
| Amounts owed to related parties        |     |                | (4,938 | ) |
| Lease liabilities                      |     |                | (2,720 | ) |
| Taxes payable                          |     |                |    (11 | ) |

Assets and liabilities of the Disposal Group were classified as “Assets classified as held for sale” and “Liabilities directly associated with assets classified as held for sale” respectively, in accordance with IFRS 5 as at December 31, 2022, is summarized in the following table.

SCHEDULE OF ASSETS AND LIABILITIES OF DISPOSAL GROUP CLASSIFIED AS HELD FOR SALE

|                                                  |     | As of             
 December 31