Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 209

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 209
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 consider other necessary actions when significant interest rate exposure is anticipated.

The Company is also exposed to cash flow interest rate risk related to bank balances and cash held at financial institutions carried at the prevailing market rates and variable-rate bank borrowings.

At December 31, 2024 and 2023, the company had no variable-rate risk.

| F-54 |

(d) Foreign currency risk

Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate due to changes in foreign exchange rates. Currency risk arises when transactions are denominated in foreign currencies.

The Company is mainly exposed to foreign exchange risk arising from future commercial transactions, recognized assets and liabilities denominated in currencies other than the functional currency of the Company entities to which they relate. The Company’s operations are primarily conducted in the PRC. All the sales and purchases transactions are denominated in RMB. As such, the operations are not exposed to exchange rate fluctuation.

Sensitivity analysis

The Company’s foreign currency risk is mainly concentrated on the fluctuation of RMB and HK$. The following table details the Company’s sensitivity to a 4% increase and decrease in US$ against the relevant foreign currencies. The sensitivity analysis includes only outstanding foreign currency denominated monetary items and adjusts their translation at the years end for a 4% change. On this basis, if US$ strengthens against foreign currencies by 4%, the Company’s loss before taxation for the year would decrease by the following amount, and vice versa.

SCHEDULE OF FOREIGN CURRENCY LOSS BEFORE TAXATION

|                      |     | As of December 31, |    |     |         |   |     |         |   |
|                      |     |               2024 |    |     |    2023 |   |     |    2022 |   |
|                      |     |            USD’000 |    |     | USD’000 |   |     | USD’000 |   |
| Loss before taxation |     |                    | 29 |     |         | 1 |     |         | 6 |

(e) Fair value measurements

| (i) | Financial instruments carried at fair value |

Fair value hierarchy

The following table presents the fair value of the Company’s financial instruments measured at the end of the reporting period on a recurring basis, categorized into the three-level fair value hierarchy as defined in IFRS 13 Fair value measurement. The level into which a fair value measurement is classified is determined with reference to the observability and