Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 179

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 179
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 (340.89 | ) |

| *  | The                                                                                                                                       
 number of shares reflected the 1-for-40 reverse split effective on April 3, 2025.                                                         |
|:---|:------------------------------------------------------------------------------------------------------------------------------------------|
| ** | Earnings per share for basic and diluted weighted average shares outstanding from continuing operations are the same due to anti-dilutive 
 feature resulting from the net loss from continuing operations for the year                                                               |

Warrants to purchase common stock are not included in the diluted loss per share calculations when their effect is antidilutive. For the year ended December 31, 2024, about 50,070potential shares of common stock (pre-reverse split) related to outstanding warrants and stock options were excluded from the calculation of diluted net loss per share from continuing operations as such shares are antidilutive when there is a loss. There were 369,522and 370,175pre-reverse splits, outstanding warrants and stock options were excluded from the calculation of diluted net loss per share as such shares are antidilutive for the years ended December 31, 2023 and 2022, respectively.

| F-34 |

10. LOAN RECEIVABLE

From March 31, 2023 to December 31, 2024, Anhui Zhongjun Enterprise Management Co., Ltd (“Anhui Zhongjun”) borrowed a total of USD 17,539,000from Antelope Enterprise Holdings (Chengdu) Co., Ltd with annual interest rate of 4.35%. On December 31, 2024, AEHL Chengdu signed a debt transfer agreement with Lei Deng, Xiaorong Yang and Anhui Zhongjun, wherein Lei Deng and Xiaorong Yang transferred total debt of USD 799,000that AEHL Chengdu owed them to Anhui Zhongjun. For the year ended December 31, 2024, the Company recorded $ 543,000interest income for this loan. As of December 31, 2024 and 2023, the balance of this loan receivable was USD 18,873,000and USD 5,181,000, respectively. This loan and related interest will be repaid on December 31, 2025.

At December 31, 2024, the Company assessed whether the credit risk on a financial instrument has increased significantly since initial recognition, and concluded no loss allowance for expected credit loss (“ECL”) needs to be recorded for loan