Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 190

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 190
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 (“OID”) of $ 99,000along with $ 5,000for investor’s fees, costs and other transaction expenses in connection with the issuance of the note. The OID was recognized as a debt discount is amortized over the life of the note. The Note is due on March 25, 2025.

During the year ended December 31, 2024, the Company amortized OID of $ 99,000on this Note and the Company and Lender exchanges these Partitioned notes of $ 990,000for the delivery of 2,169,353shares of the Company’s common stock (pre-reverse split). The Company recorded $ 142,055loss on conversion of these notes in the year ended December 31, 2024. As of December 31, 2024, the Company repaid in full of this note.

21. SHARE CAPITAL

On February 21, 2023, our shareholders approved and adopted an amended and restated memorandum and articles of association (the “Amended M&A”), which changed the authorized issued share capital of the Company from US$ 4,800,000divided into 200,000,000ordinary shares with a par value of US$ 0.024each, to (i) 250,000,000ordinary shares re-designated as (a) 200,000,000Class A ordinary shares with nopar value each, and (b) 50,000,000Class B ordinary shares with no par value each, and (ii) 50,000,000preferred shares with nopar value each, (the “Re-Designation of the Authorized Capital”). Each Class A ordinary share is entitled to one (1) vote and each Class B ordinary share is entitled to twenty (20) votes. In connection with the Re-Designation of the Authorized Capital, 977,755) ordinary shares (pre-reverse split) owned by Mr. Weilai (Will) Zhang then were converted into 977,755) Class B ordinary shares (pre-reverse split), and the rest of the then outstanding and issued outstanding ordinary shares were converted into Class A ordinary shares on an one-for-one basis.

SCHEDULE OF INFORMATION ABOUT CLASSES OF SHARE CAPITAL

|                                       |     | December 31, 2024 |             |     | December 31, 2023 |             |
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