CHENGDU,
China, Feb. 26, 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 it has closed an offering of
$1.3 million of its Class A ordinary
shares, no par value each (the "Ordinary Shares") in a registered
direct offering and a concurrent private placement of warrants to
purchase Ordinary Shares (jointly, the "Offering"). The Company
entered into a securities purchase agreement with two non-U.S.
investors on February 23, 2024 for
this Offering for which the purchase price is $1.00. The warrants are immediately exercisable
at an exercise price of $1.10 per
share subject to certain adjustments, and expire on the fifth
anniversary of its issuance date.
The gross proceeds from the registered direct offering and
concurrent private placement are $1.3
million before deducting offering expenses. The Company
plans to use the proceeds from this offering for working capital
and general corporate purposes.
The Ordinary Shares were offered pursuant to a prospectus
supplement to the base prospectus included in the shelf
registration statement on Form F-3 (File No. 333-260958), which was
declared effective by the Securities and Exchange Commission
("SEC") on July 15, 2022. The final
prospectus supplement related to the offering has been filed with
the SEC on February 23, 2024 and may
be obtained free of charge by visiting the SEC's website at
www.sec.gov. The warrants issued in the concurrent private
placement and shares issuable upon exercise of such warrants are
being offered in a private placement under Section 4(a)(2) of the
Securities Act of 1933, as amended (the "Act"), and Regulation S
promulgated thereunder and have not been registered under the Act
or applicable state securities laws.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities described herein,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such state or jurisdiction.
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
