CHENGDU,
China, Feb. 21, 2024 /PRNewswire/ -- Antelope
Enterprise Holdings Limited (NASDAQ Capital Market: AEHL)
("Antelope Enterprise" or the "Company"), which operates Kylin
Cloud, a livestreaming ecommerce business in China with access to 800,000+ anchors and
influencers, announced today that on February 15, 2024, the Company entered into
warrant exchange agreements with each of several holders (the
"Holders") of warrants to purchase the Company's Class A ordinary
shares.
Pursuant to the warrant exchange agreements, the Holders agreed
to surrender the warrants for cancellation and the Company agreed,
in exchange, to issue 0.5 restricted Class A Ordinary Shares and
$1.00 in cash for each warrant. The
Holders owned 202,030 warrants at the time of entering into the
warrant exchange agreements and received 101,018 restricted Class A
ordinary shares and $202,030 in cash
upon closing of the transaction.
The warrants were issued to the Holders in
connection with different transactions of the Company. 183,334
warrants were issued to the Holders on September 30, 2022, 9,138 warrants were issued on
June 14, 2021, 5,882 warrants were
issued on February 17, 2021 and 3,676
warrants were issued on May 22,
2020.
More complete information is set forth in the Form 6-K and
its exhibit filed with the SEC on February 21, 2024.
About Antelope Enterprise Holdings Limited
Antelope Enterprise Holdings Limited holds a 51% ownership
position in Hainan Kylin Cloud Services Technology Co., Ltd ("Kylin
Cloud"), which operates a livestreaming ecommerce business in
China with access to 800,000+
hosts and influencers. For more information, please visit our
website at http://www.aehltd.com.
Safe Harbor Statement
Certain of the statements made in this press release are
"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements include statements with respect to our
beliefs, plans, objectives, goals, expectations, anticipations,
assumptions, estimates, intentions, and future performance, and
involve known and unknown risks, uncertainties and other factors,
which may be beyond our control, and which may cause the actual
results, performance, capital, ownership or achievements of the
Company to be materially different from future results, performance
or achievements expressed or implied by such forward-looking
statements. Forward-looking statements in this press release
include, without limitation, the continued stable macroeconomic
environment in the PRC, the PRC technology sector continuing to
exhibit sound long-term fundamentals, and our ability to grow our
business management, information system consulting, and online
social commerce and live streaming businesses. All statements other
than statements of historical fact are statements that could be
forward-looking statements. You can identify these forward-looking
statements through our use of words such as "may," "will,"
"anticipate," "assume," "should," "indicate," "would," "believe,"
"contemplate," "expect," "estimate," "continue," "plan," "point
to," "project," "could," "intend," "target" and other similar words
and expressions of the future.
All written or oral forward-looking statements attributable
to us are expressly qualified in their entirety by this cautionary
notice, including, without limitation, those risks and
uncertainties described in our annual report on Form 20-F for the
year ended December 31, 2022 and
otherwise in our SEC reports and filings. Such reports are
available upon request from the Company, or from the Securities and
Exchange Commission, including through the SEC's Internet website
at http://www.sec.gov. We have no obligation and do not undertake
to update, revise or correct any of the forward-looking statements
after the date hereof, or after the respective dates on which any
such statements otherwise are made.
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SOURCE Antelope Enterprise Holdings Limited