Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 37

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 37
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. As Antelope Enterprises does not fall within the scope of being classified
as a special purpose vehicle directly or indirectly established or controlled by PRC entities or individuals, the M&A Rules did not
apply to the Business Combination, and we were not required to obtain the approval from the Ministry of Commerce, the approval from the
China Securities Regulatory Commission and/or any other approvals from PRC government authorities as stipulated by the M&A Rules.
There is however no assurance that the PRC authorities will not issue further directives, regulations, clarifications or implementation
rules, which may require us or other relevant parties to obtain further approvals with respect to the Business Combination. If new laws
are promulgated or the existing laws are reinterpreted, our structure could be determined to be in violation of such laws and subject
to sanction by applicable government authorities.

Environmental, health and safety laws have in the past and may in the future impose material liabilities on us and require us to incur material capital and operational costs.

We are subject to environmental,
health and safety laws and regulations in the PRC that impose controls on our air, water and waste discharges, on our storage, handling,
use, discharge and disposal of chemicals, and on exposure of our employees to hazardous substances. These laws and regulations could require
us to incur costs to maintain compliance and could impose liability to remedy the effects of hazardous substance contamination. Although
we do not believe that we have violated any of such laws and regulations and therefore have not incurred any significant liabilities under
these laws and regulations in the past, the environmental laws and regulations are constantly evolving and becoming stricter in the PRC.
The adoption of new laws or regulations or our failure to comply with these laws or regulations in the future could cause us to incur
material liabilities and could require us to incur additional expenses, curtail operations and/or restrict our ability to expand.

| 20 |

Our business will suffer if we lose our land use rights.

There is no private ownership
of land in China and all land ownership is held by the government of China, its agencies, and collectives. In the case of land used for
business purposes, land use rights can be obtained from the government for a period up to 50 years, and are typically renewable. Land
use rights can be granted upon approval by the land administrative authorities of China (State Land Administration Bureau) upon payment
of the required land granting fee, the entry into a land use agreement with a competent governmental authority and certain other ministerial
procedures.