Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 171

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 171
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 recognised.

Non-current assets classified as held for sale and the assets of a disposal group classified as held for sale are presented separately from the other assets in the consolidated statement of financial position. The liabilities of a disposal group classified as held for sale are presented separately from other liabilities in the consolidated statement of financial position.

A discontinued operation is a component of the entity that has been disposed of or is classified as held for sale and that represents a separate major line of business or geographical area of operations, is part of a single co-ordinated plan to dispose of such a line of business or area of operations, or is a subsidiary acquired exclusively with a view to resale. The results of discontinued operations are presented separately in the consolidated statement of comprehensive income.

| F-26 |

3. CHANGES IN ACCOUNTING POLICIES AND DISCLOSURES

3.1 Change in reporting currency

Effective January 1, 2024, the Company changed its
presentation currency from RMB to USD to be more relevant to users.

Prior to January 1, 2024, the Company reported its
annual and interim consolidated financial statements in RMB. In making this change in presentation currency, the Company followed the
recommendations set out in IAS 21, the Effects of Change in Foreign Exchange Rates. In accordance with IAS 21, comparable financial statements
for the years ended December 31, 2023 and 2022 have been restated retrospectively in the new presentation currency of USD using the current
rate method.

The consolidated financial statements as of December
31, 2023 of the Company have been prepared in RMB and translated into the new presentation currency of USD using the current rate method.

The procedure under the current rate method as applied
in these consolidated financial statements is outlined as below:

All resulting exchange differences arising from the
translation are included as separate component of other comprehensive income (loss).

The effect of the change in functional currency to
USD was applied prospectively in the financial statements effective January 1, 2024. The financial position of the Company as at January
1, 2024 has been translated from RMB to USD at an exchange rate of 7.10.

All transactions for the Company are recorded in USD
from January 1, 2024 and onwards. Transactions denominated in currencies other than USD are considered foreign currency transactions.
Foreign currency transactions are translated into USD using the foreign currency rates prevailing at the date of the transaction. Period-end
balances of monetary assets and liabilities