Financial Data and Key Metrics Changes - Revenue for the first half of 2024 was $43.5 million, a decrease of $1.1 million or 2.6% from $44.6 million in the same period of 2023 [9] - Gross profit for the first half of 2024 was $3.5 million, a decrease of $3.3 million or 46.7% compared to $6.8 million for the same period in 2023 [10] - Loss from continuing operations before taxation for the first half of 2024 was $6.5 million, an increase of $1.1 million or 19.3% from a loss of $5.5 million in the same period of 2023 [11] - Cash and cash equivalents as of June 30, 2024, were $2.3 million, an increase of $1.8 million or 333.2% compared to $0.6 million as of December 31, 2023 [13] - Shareholders' equity as of June 30, 2024, was $18 million, an increase of $3.6 million or 25.2% from $14.4 million as of December 31, 2023 [13] Business Line Data and Key Metrics Changes - Revenue from the livestreaming e-commerce business segment was $43.4 million for the first half of 2024, slightly lower than $44.6 million in the same period of 2023 [6] - The number of clients engaged in the livestreaming business increased to over 70 in the first half of 2024, up by nearly 20 clients compared to the same period in 2023 [6][9] Company Strategy and Development Direction - The company plans to enter the energy field in the third quarter of 2024, launching this business in Texas to meet the growing needs of the computing power industry [7][16] - The new energy supply business aims to provide a cost-effective and stable electricity supply to data centers, which are expected to see a significant increase in energy demand [19][20] Management Comments on Operating Environment and Future Outlook - Management highlighted that electricity demand in the U.S. is projected to reach record highs in 2024 and 2025, driven by large-scale computing facilities [19] - The company believes it is entering the energy market at the right time to provide a stable and cost-effective electricity supply to data centers [19] Other Important Information - The company modified its business strategy to focus on securing a larger number of mid-tier clients to mitigate risks associated with over-concentration on major clients [15] - The livestreaming e-commerce sector is expected to continue growing in China, supported by a young demographic and high mobile device usage [14] Q&A Session Summary Question: How did the company decide to enter the energy supply field? - Management noted that the U.S. Energy Information Administration projects a significant increase in electricity demand, particularly from data centers, which are energy-intensive [19] Question: Can you provide details about the business model for energy supply? - The company is located near natural gas production sites, minimizing transportation costs and ensuring a cost-effective supply of electricity to customers [20]

As filed with the Securities and Exchange Commission on August 2, 2024 Registration No. 333-279733 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 AMENDMENT NO. 3 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ANTELOPE ENTERPRISE HOLDINGS LTD. Room 1802, Block D, Zhonghai International Center, Hi-Tech Zone, Chengdu, Sichuan Province, PRC Telephone: +86 (28) 8532 4355 (Address, including zip code, and telephone number, including area code, of Registrant's principal exe ...

As filed with the Securities and Exchange Commission on July 17, 2024 Registration No. 333-279733 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 AMENDMENT NO. 2 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ANTELOPE ENTERPRISE HOLDINGS LTD. (Exact name of registrant as specified in its charter) British Virgin Islands 4899 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Emp ...

As filed with the Securities and Exchange Commission on June 28, 2024 Registration No. 333-279733 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 AMENDMENT NO. 1 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ANTELOPE ENTERPRISE HOLDINGS LTD. (Exact name of registrant as specified in its charter) British Virgin Islands 4899 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Emp ...

As filed with the Securities and Exchange Commission on May 24, 2024 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ANTELOPE ENTERPRISE HOLDINGS LTD. (Exact name of registrant as specified in its charter) British Virgin Islands 4899 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Nu ...

Financial Performance - For the year ended December 31, 2023, the company generated net sales of RMB 510.5 million, a significant increase of 78.4% compared to RMB 286.3 million in 2022[225]. - The livestreaming ecommerce business accounted for 98.1% of total revenue, generating RMB 503.4 million in 2023, up 83.8% from RMB 273.7 million in 2022[219][229]. - The company reported a net loss of RMB 14.5 million for the year, an improvement from a net loss of RMB 53.6 million in 2022[225]. - Revenue from livestreaming ecommerce increased to RMB 503.4 million (US$ 71.1 million) in 2023, up 84% from RMB 273.7 million (US$ 40.7 million) in 2022, driven by a growing client base of over 70 clients[235]. - Net loss attributable to equity holders decreased to RMB 14.3 million (US$ 2.0 million) in 2023 from RMB 57.9 million (US$ 8.1 million) in 2022, largely due to a gain on disposal of discontinued operations[247]. Expenses and Costs - The cost of goods sold increased to RMB 457.5 million in 2023, representing a 77.0% increase from RMB 258.4 million in 2022[225]. - Administrative expenses surged to RMB 89.0 million in 2023, compared to RMB 22.8 million in 2022, reflecting increased operational costs[225]. - Selling and distribution expenses surged to RMB 52.4 million (US$ 7.4 million) in 2023, an increase of 220% from RMB 16.4 million (US$ 2.4 million) in 2022, primarily due to higher advertising and promotion costs[242]. - Administrative expenses rose to RMB 89.0 million (US$ 12.6 million) in 2023, up 291% from RMB 22.8 million (US$ 3.4 million) in 2022, driven by increased stock compensation and professional fees[243]. - The company incurred a loss before taxation of RMB 86.8 million in 2023, compared to a loss of RMB 5.4 million in 2022[225]. Revenue Declines - Revenue from tile products decreased significantly to RMB 2.7 million (US$ 0.4 million) in 2023, down 92.8% from RMB 37.7 million (US$ 5.6 million) in 2022, due to the slowdown in the real estate sector[236]. - Revenue from business management and consulting services fell to RMB 7.1 million (US$ 1.0 million) in 2023, a decrease of 44% from RMB 12.7 million (US$ 1.9 million) in 2022, attributed to intense market competition[237]. Business Strategy and Development - The company expects to further develop its SaaS platform to enhance value-added services for livestreaming ecommerce customers[219]. - The company aims to leverage its network in the e-commerce industry to provide cost-efficient promotion services through Douyin's DOU+ advertising option[218]. - The company plans to enhance liquidity through potential equity sales or credit facilities, which may dilute existing shareholders or impose operational restrictions[270]. Cash Flow and Financing - For the year ended December 31, 2023, net cash used in operating activities was RMB 60.3 million (US$ 8.5 million), a significant increase from a cash inflow of RMB 15.5 million in 2022[277]. - Net cash generated from financing activities was RMB 42.8 million (US$ 6.0 million) for 2023, a substantial increase from RMB 2.3 million in 2022, primarily due to increased share capital issuance[281]. - The Company sold 1,625,000 ordinary shares at $0.80 per share, generating gross proceeds of $1.3 million for the expansion of its social ecommerce business[271]. - A subsequent offering of 1,234,568 ordinary shares at $0.81 per share raised approximately $1 million, also aimed at expanding the social ecommerce business[272]. - On March 30, 2023, the Company sold 5,681,820 Class A ordinary shares at $0.88 per share, resulting in gross proceeds of approximately $5 million for general corporate purposes[273]. Asset Management and Liabilities - As of December 31, 2023, the Company had total outstanding bank loan amounts of nil, indicating a strong liquidity position[284]. - The total outstanding loans for the continuing operations amounted to RMB nil as of December 31, 2023, indicating no exposure to material risks due to changes in market interest rates[467]. - The average trade payables' turnover for the livestreaming ecommerce segment was 1 day in 2023, down from 3 days in 2022[286]. Research and Development - Research and development efforts are focused on the innovative Kylin-Cloud service platform, with costs expensed as incurred unless they meet specific recognition criteria[298]. - Internally generated intangible assets are recognized at the sum of expenditures incurred once recognition criteria are met, otherwise, development expenditures are expensed[299]. Financial Reporting and Compliance - Financial assets are classified and measured based on their business model and cash flow characteristics, with specific criteria for amortized cost and fair value through profit or loss[307]. - Expected credit losses (ECL) are recognized based on the credit risk of financial assets, with a general approach for measurement based on the increase in credit risk since initial recognition[311]. - Impairment losses are assessed at each reporting period, with specific criteria for determining when a financial asset is considered impaired[319]. - The company derecognizes financial assets when contractual rights to cash flows expire or when it transfers the asset and substantially all risks and rewards of ownership[324]. Currency and Market Risks - The company's operations are primarily conducted in the PRC, with nearly all monetary assets and liabilities denominated in RMB, minimizing exposure to foreign currency risk[297]. - Limited hedging transactions are available in China to mitigate exposure to exchange rate fluctuations, and the company currently has no intention to enter into such transactions[470]. - The People's Bank of China intervened in the foreign exchange market to maintain an exchange rate of approximately 8.3 RMB per US dollar until July 2005, after which modest appreciation was allowed[469].

Financial Performance - For the fiscal year 2023, revenue reached RMB 510.5 million (US$ 72.1 million), marking a 78.3% increase from RMB 286.3 million (US$ 42.6 million) in 2022 [2][8] - Gross profit for the same period was RMB 53.1 million (US$ 7.5 million), a 90.0% increase compared to RMB 27.9 million (US$ 4.1 million) in 2022 [2][8] - The net loss for fiscal year 2023 was RMB 14.5 million (US$ 2.0 million), significantly reduced from a net loss of RMB 53.6 million (US$ 8.0 million) in 2022, which included a gain from the sale of its ceramic tile business of RMB 73.8 million (US$ 10.4 million) [2][8] Operational Highlights - The number of registered hosts and influencers on the KylinCloud platform increased from approximately 300,000 in 2023 to over 800,000 in 2024 [2] - Revenue for the six months ended December 31, 2023, was RMB 201.3 million (US$ 27.5 million), a 19.7% increase from RMB 168.1 million (US$ 24.1 million) for the same period in 2022 [4][8] - KylinCloud's livestreaming ecommerce business accounted for 99% of the total revenue in the second half of 2023 [4] Cost and Expenses - Gross profit for the six months ended December 31, 2023, was RMB 5.9 million (US$ 0.7 million), down from RMB 26.0 million (US$ 3.7 million) in the same period of 2022, primarily due to a 37.5% increase in the cost of sales [4][5] - Administrative expenses for the six months ended December 31, 2023, rose to RMB 50.3 million (US$ 7.0 million) from RMB 21.6 million (US$ 3.1 million) in the same period of 2022 [5][6] Business Outlook - The company plans to launch an energy supply business through its subsidiary, AEHL US LLC, with operations expected to start in the third quarter of 2024 [12] - The livestreaming ecommerce business is viewed as sustainable, providing a new distribution channel and enhancing consumer engagement compared to traditional shopping methods [11]

Company Overview - Antelope Enterprise Holdings Limited operates KylinCloud, a livestreaming ecommerce business in China, with access to over 800,000 hosts and influencers [1][3] - The company holds a 51% ownership position in Hainan Kylin Cloud Services Technology Co., Ltd [3] Financial Results Announcement - The company will conduct a conference call on May 10, 2024, at 8:00 am Eastern Time to discuss its second half and full year financial results for the fiscal year ended December 31, 2023 [1] - The earnings press release will be available prior to the conference call [1] New Business Initiative - Antelope Enterprise has recently announced the launch of an energy supply business to be operated via its wholly-owned subsidiary, AEHL US LLC [3]

Core Viewpoint - Antelope Enterprise Holdings Limited is expanding into the energy transmission business through its subsidiary AEHL US, with operations expected to commence in Q3 2024, aiming to leverage cost-effective electricity for data centers and cryptocurrency mining [1][2][3]. Company Developments - The company appointed Mr. Huoyou Zhang as Executive Director and Mr. Di Wu as Director and President of AEHL US to lead the new energy transmission initiative, effective April 26, 2024 [1][2][4]. - Mr. Qiguo Wang resigned from the Board for personal reasons, effective April 26, 2024 [5][6]. Business Strategy - AEHL US is in the early stages of developing its energy transmission business, including sourcing natural gas from Texas and procuring electricity generators [2]. - The company plans to supply power to a data center in Midland, Texas, and generate revenue by securing hosting sites for cryptocurrency mining operators [2][3]. Leadership Background - Mr. Huoyou Zhang has extensive experience in finance and investment, having previously founded Shanghai KKM Asset Management Co. Ltd. and engaged in quantitative trading [4]. - Mr. Di Wu has a background in mobile charging energy storage and cloud business operations, previously serving as Deputy General Manager at Shanghai Kunjing Cloud Co., Ltd. [5].

Financial Data and Key Metrics Changes - Revenue for the first half of 2023 was RMB309.3 million (US$44.6 million), a 161.5% increase from RMB118.2 million (US$18.3 million) in the same period of 2022 [7] - Gross profit for the first half of 2023 was RMB47.2 million (US$6.8 million), compared to RMB1.9 million (US$0.3 million) for the same period in 2022, marking a significant increase [8] - Loss per basic and fully diluted share from continuing operations for the first half of 2023 was RMB23.44 (US$3.40), compared to a loss of RMB5.14 (US$0.79) for the same period in 2022 [10] Business Line Data and Key Metrics Changes - Livestreaming ecommerce business generated RMB305.9 million (US$44.2 million) in revenue, a 172.5% increase from RMB112.3 million (US$17.3 million) in the same period of 2022, constituting 99% of total revenue [7][12] - Gross profit from the livestreaming ecommerce business was RMB52 million (US$7.5 million), a 1,591.4% increase from RMB3.1 million (US$0.5 million) in the same period of 2022, with a gross profit margin of 17% compared to 2.7% in 2022 [8][12] Market Data and Key Metrics Changes - The company operates in the rapidly growing livestreaming ecommerce market in China, which is expected to continue expanding due to a young demographic and high mobile device usage [14] - Kylin Cloud's unique approach in utilizing advanced analytics to match hosts and influencers with consumer brand products is anticipated to drive higher conversion rates compared to traditional ecommerce [14] Company Strategy and Development Direction - The company has pivoted towards high-growth technology areas, focusing on livestreaming ecommerce through its Kylin Cloud subsidiary, which is expected to redefine the ecommerce livestreaming landscape [6][11] - The strategic plan includes enhancing the SaaS+ system platform to improve consumer engagement and brand loyalty through rich content and online interaction [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the market opportunity ahead, believing that Kylin Cloud's approach will continue to drive growth in the livestreaming ecommerce sector [6][14] - The business outlook reflects preliminary views based on current information, subject to risks and uncertainties [15] Other Important Information - The company completed the divestiture of its legacy ceramic tile building materials business in April 2023, allowing it to focus on its livestreaming ecommerce operations [11] Q&A Session Summary Question: Number of shares outstanding at quarter-end - The company has about 2.5 million shares outstanding after a recent reverse split [18] Question: Metrics for revenue from influencers - The company does not have a specific metric for revenue per influencer but believes that more influencers will contribute to increased revenue [22][24] Question: Expectations for gross margin improvement - The company expects gross margins to improve in the coming periods, although it is difficult to estimate a specific target at this early stage [26][28]