Core Viewpoint - Antelope Enterprise Holdings Limited reported significant growth in revenue for fiscal year 2024, driven by its livestreaming ecommerce business, KylinCloud, which has expanded its client base and engagement strategies [2][3][11]. Financial Performance - Revenue for the six months ended December 31, 2024, was $55.3 million, a 100.1% increase from $27.5 million in the same period of 2023 [3]. - For the full fiscal year 2024, revenue reached $98.8 million, a 37% increase compared to $72.1 million in fiscal 2023 [8][11]. - The gross loss for the six months ended December 31, 2024, was $3.6 million, compared to a gross profit of $0.7 million for the same period in 2023, indicating margin compression due to increased competition [4][11]. - The net loss for fiscal year 2024 was $10.6 million, compared to a net loss of $2.0 million in fiscal 2023, which included a $10.4 million gain from the sale of the ceramic tile business [8][11]. Business Strategy - The company aims to develop a mid-tier customer base to reduce customer concentration and enhance service delivery in its livestreaming ecommerce sector [2][16]. - Kylin Cloud has engaged with over 256 clients, an increase of 140 clients compared to the same period in 2023, reflecting the effectiveness of its customer acquisition strategy [2][16]. - The company is focusing on providing value-added services and customized support to strengthen customer relationships despite competitive pressures [2][17]. Financial Condition - As of December 31, 2024, the company had $1.0 million in cash and cash equivalents, a 100% increase from $0.5 million as of December 31, 2023 [12]. - Stockholders' equity increased to $26.2 million, an 82.2% rise from $14.4 million as of December 31, 2023 [12][11]. Industry Outlook - The livestreaming ecommerce sector is viewed as a sustainable growth engine, providing consumer brands with new distribution channels and enhancing customer engagement through interactive content [14][15]. - The company plans to strengthen its competitive position by improving its service offerings and collaborating with major platforms like Douyin to attract potential clients [17].

Core Points - Antelope Enterprise Holdings Limited has regained compliance with NASDAQ's minimum bid price requirement, confirming that the closing bid price for its Class A Ordinary Shares was at or above $1.00 for 10 consecutive business days [1] Company Overview - Antelope Enterprise holds a 51% ownership position in Hainan Kylin Cloud Services Technology Co. Ltd, which operates a livestreaming e-commerce business in China, providing access to over 800,000 hosts and influencers [2]

Core Viewpoint - Antelope Enterprise Holdings Limited will implement a 1-for-40 reverse stock split of its Class A ordinary shares effective April 4, 2025, to comply with NASDAQ's minimum bid price requirement of $1.00 per share [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will consolidate every 40 issued and outstanding Ordinary Shares into one Ordinary Share, reducing the total number of shares from approximately 41,430,051 to about 1,035,752 [3]. - Shareholders entitled to fractional shares will receive one full share instead of a fractional share [3]. - All outstanding stock options, warrants, and other rights to purchase the Company's Ordinary Shares will be adjusted proportionately due to the reverse stock split [3]. Group 2: Compliance and Listing Requirements - The reverse stock split is aimed at regaining compliance with NASDAQ's requirement that the Company's common stock must have a closing bid price of $1.00 or more for at least ten consecutive trading days by April 30, 2025 [2]. - There is uncertainty regarding whether the Ordinary Shares will remain above the $1.00 minimum bid price after the reverse split, which is crucial for maintaining NASDAQ listing compliance [2]. Group 3: Company Overview - Antelope Enterprise holds a 51% ownership stake in Hainan Kylin Cloud Services Technology Co. Ltd, which operates a livestreaming e-commerce business in China, providing access to over 800,000 hosts and influencers [5].

Core Viewpoint - Antelope Enterprise Holdings Limited has made changes to its Board of Directors, appointing Ms. Ze Yang as a new director and chair of the audit committee, while Mr. Dian Zhang has resigned from the board and his position as chair of the audit committee without any disagreements with the company [1][2][3]. Company Overview - Antelope Enterprise Holdings Limited holds a 51% ownership position in Hainan Kylin Cloud Services Technology Co. Ltd, which operates a livestreaming e-commerce business in China, providing access to over 800,000 hosts and influencers [4]. Board Changes - Ms. Ze Yang has been appointed as a director and chair of the audit committee effective March 24, 2025. She is currently the Finance Director and Chief Operating Officer of Sichuan Yixiaobao Network Technology Co., Ltd, managing a team of over 50 people and developing growth strategies [1][3]. - Mr. Dian Zhang has resigned from the Board and as chair of the audit committee, with his resignation not resulting from any disagreements with the company [2]. Management Background - Ms. Yang has extensive experience, having previously served as Marketing Director at Top Guagua Technology Group Co., Ltd and as a manager at Chengdu Yidai Network Financial Information Service Co., Ltd. She holds an associate degree in computerized auditing from Sichuan Tianyi College [3].

Financial Performance - Net sales for the six months ended June 30, 2024, were USD 43,462,000, a decrease of 2.6% compared to USD 44,636,000 in the same period of 2023[4] - Gross profit decreased to USD 3,493,000 for the six months ended June 30, 2024, down 48.7% from USD 6,812,000 in 2023[4] - The net loss for the period from continuing operations was USD 6,527,000, compared to a net income of USD 4,992,000 in the same period of 2023[4] - The company reported a total comprehensive loss of USD 7,440,000 for the six months ended June 30, 2024, compared to a total comprehensive income of USD 4,394,000 in 2023[4] - The equity holders of the company experienced a net loss of USD 6,635,000 from continuing operations for the six months ended June 30, 2024[4] - Total revenues for the six months ended June 30, 2024, were $43,462,000, a decrease of 3.1% from $45,026,000 in the same period of 2023[26] - Livestreaming ecommerce revenue for the six months ended June 30, 2024, was $43,462,000, compared to $44,159,000 in 2023, reflecting a decline of 1.6%[31] - Loss from operations for the six months ended June 30, 2024, was $6,525,000, compared to a loss of $5,667,000 in 2023, indicating a worsening of 15.1%[31] - Net loss from continuing operations for the six months ended June 30, 2024, was $6,635,000, compared to a loss of $5,462,000 in 2023[39] Assets and Liabilities - Total assets increased to USD 28,164,000 as of June 30, 2024, up from USD 17,114,000 as of December 31, 2023, representing a growth of 64.5%[2] - Total liabilities increased to USD 10,130,000 as of June 30, 2024, from USD 2,713,000 as of December 31, 2023, marking a rise of 272.5%[2] - Cash and bank balances rose to USD 2,322,000 as of June 30, 2024, compared to USD 536,000 at the end of 2023, an increase of 333.3%[2] - Trade payables amounted to $639,000 as of June 30, 2024, all expected to be settled within one year[43] - Accrued liabilities increased significantly from $216,000 as of December 31, 2023, to $1,077,000 as of June 30, 2024, primarily due to accrued interest and other expenses[44] Shareholder Activities - The company issued new shares for equity financing amounting to USD 4,297,000 during the period[8] - The Company completed a one-for-ten reverse stock split on September 18, 2023, to enhance its stock price[11] - The weighted average number of ordinary shares outstanding used in computing basic earnings per share for the six months ended June 30, 2024, was 6,923,985, significantly higher than 1,614,471 in 2023 due to a one-for-ten reverse split[39] - The Company issued 3,238,067 new shares for equity financing, increasing the total outstanding shares to 11,647,303 as of June 30, 2024[62] - The Company sold 913,875 common shares at a price of $3.48, yielding gross proceeds of $3,180,285 before expenses[65] - In a subsequent offering, the Company sold 1,666,667 common shares at $0.60, generating approximately $1,000,000 in gross proceeds[67] - The Company entered into a securities purchase agreement to sell 1,300,000 Class A ordinary shares at $1.00, with gross proceeds of approximately $1.30 million[70] - The Company issued 1,625,000 ordinary shares at $0.80, resulting in gross proceeds of $1.3 million[72] Other Income and Expenses - The company reported interest income of $213,000 for the six months ended June 30, 2024, up from $77,000 in 2023, representing a growth of 176.6%[26] - Total other income for the six months ended June 30, 2024, was $651,000, a decrease of 47.3% from $1,234,000 in 2023[26] - The Company recorded an interest expense of $314,840 on the unsecured promissory note issued in January 2024, with an outstanding principal balance of $4,630,000 as of June 30, 2024[59] - The outstanding principal balance of the unsecured promissory note from December 2022 was $494,180 as of June 30, 2024, down from $1,069,999 at the end of 2023[52] - The Company amortized $9,543 of original issue discount (OID) on the unsecured promissory note issued in July 2023, with an outstanding principal balance of $1,120,535 as of June 30, 2024[54] Discontinued Operations - The company reported a net loss of $10,459,000 from discontinued operations for the same period[92] - Gain on disposal of discontinued operations amounted to $10,659,000[92] - Net cash generated from operating activities from discontinued operations was $2,038,000[92] - The Company completed the sale of Stand Best Creation Limited for a total of USD $8,500,000, with an annual interest rate of 5% on the note receivable[42] - As of June 30, 2024, the total balance of note receivable was $5,490,000, with interest income recorded at $213,000 for the six months ended June 30, 2024[42] Future Plans and Use of Proceeds - The Company plans to use net proceeds from the February 2024 offering for business expansion in the U.S. and general corporate purposes[70] - The net proceeds from the offering will be used for general working capital purposes[93]

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 ...