Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 47

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 47
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 2024 taxable year, there can be no assurance in respect to its PFIC status for such year. There also can be no assurance with
respect to Antelope Enterprises’ status as a PFIC for its current (2025) taxable year or any future taxable year. U.S. Holders of
the shares of Antelope Enterprises are urged to consult their own tax advisors regarding the possible application of the PFIC rules. See
the discussion in the section entitled “Taxation—United States Federal Income Taxation—U.S. Holders—Passive Foreign
Investment Company Rules.”

| 24 |

As the rights of shareholders under British Virgin Islands law differ from those under U.S. law, you may have fewer protections as a shareholder.

Our corporate affairs will be
governed by our memorandum and articles of association, the BVI Business Companies Act, 2023 (as amended) (the “BVI Act”),
and the common law of the British Virgin Islands. The rights of shareholders to take legal action against our directors, actions by minority
shareholders and the fiduciary responsibilities of our directors under British Virgin Islands law are governed by the common law of the
British Virgin Islands and by the BVI Act. The common law of the British Virgin Islands is derived in part from comparatively limited
judicial precedent in the British Virgin Islands as well as from English common law, which is applied in the British Virgin Islands by
virtue of the Common Law (Declaration of Application) Act. The rights of our shareholders and the fiduciary responsibilities of our directors
under British Virgin Islands law are not as clearly established as they would be under statutes or judicial precedents in some jurisdictions
in the United States. In particular, the British Virgin Islands has a less developed body of securities laws as compared to the United
States, and some states (such as Delaware) have more fully developed and judicially interpreted bodies of corporate law. As a result of
all of the above, holders of our shares may have more difficulty in protecting their interests through actions against our management,
directors or major shareholders than they would as shareholders of a U.S. company.

British Virgin Islands companies
may not have standing to initiate a shareholder derivative action in a federal court of the United States. The circumstances in which
any such action may be brought, and the procedures and defenses that may be available in respect to any such action, may result in the
rights of shareholders of a British Virgin Islands company being more limited than those